Category: Other
Bangladesh police arrest Facebook share tipster
DHAKA, March 4, 2010 (AFP) – A Dhaka-based Facebook stocks tipster with over 10,000 followers has been arrested on charges of illegally manipulating Bangladesh’s overheated stock exchange, police said Thursday. Mahbub Sarwar, 26, a prolific blogger who provided online stock tips through the popular social networking site, will be charged with market manipulation, Mohammad Sohel, […]
‘s Ashok Leyland in small car talks: report
NEW DELHI, March 3, 2010 (AFP) – Japanese auto maker Nissan is in talks with India’s Ashok Leyland to develop a small car for the fast-growing Indian market, a report said Wednesday. The Business Standard newspaper quoted Nissan chief executive Carlos Ghosn as saying the group was looking for a new low-cost alliance in India […]
Indian telecoms tycoon spooks investors with Africa move
NEW DELHI, March 3, 2010 (AFP) – Indian telecoms tycoon Sunil Bharti Mittal may be known for his Midas touch, but investors are questioning if his multi-billion-dollar bid to gain a foothold in Africa is a step too far. Mittal, chairman of Bharti Airtel, has seen shares of India’s biggest mobile firm tumble since he […]
South Asian governments urged to ease visa restrictions
Mar 03, 2010 (LBO) – Reducing visa restrictions and non-tariff barriers, and improving customs procedures are among a host of steps South Asian countries can take to boost private sector-led growth, the Asian Development Bank said. The report also highlights the need for South Asia to remove barriers to intra-regional investment, and to promote cross […]
Warm winters distress reindeer herders in Russian Arctic
LOVOZERO, March 2, 2010 (AFP) – In a billowing cloud of white, Russia’s Arctic herders drive thousands of panting and wild-eyed reindeer through the knee-deep snow to the first slaughter this year. But warm winters in recent years have forced herders here in the far northern Kola Peninsula to delay for months the rounding up […]
Sri Lanka dry zone eco activists offered World Bank grant
Feb 27, 2010 (LBO) – Community organizations in Sri Lanka’s dry zone could get apply to get a grant of up to 9000 US dollars under a program that promotes environmental friendly agriculture, water and waste management, the World Bank has said. The lender’s Colombo office is calling application to give grants under its Civil […]
Huge quake kills more than 300 in Chile, triggers Pacific tsunami
SANTIAGO, February 28, 2010 (AFP) – One of the largest earthquakes on record killed at least 300 people in Chile on Saturday and sent giant waves roaring across the Pacific Ocean that forced Japan on tsunami alert almost a day later. In an address to the nation, President Michelle Bachelet said two million Chileans had […]
Chile tsunami to reach Asia Sunday: warning centre
Feb 27, 2010 (LBO) – A tsunami generated by a large earthquake in Chile could reach the coasts of several Asian countries on Sunday, with Indonesia first in line at around 0300 Greenwich time followed by Japan and Philippines, a US government warning said. A Pacific Tsunami Warning Centre (PTWC) message says waves could reach […]
Sri Lanka tea prices fall
Feb 26, 2010 (LBO) – Sri Lankan tea prices at the Colombo auctions fell for the second week running this week on bigger volumes and lower quality, although production was recovering, brokers said. Asia Siyaka Commodities said Sri Lanka’s January output indicated a recovery in the island’s production, especially among small farmers cultivating the low […]
Weak monsoon hits Indian growth
NEW DELHI, February 26, 2010 (AFP) – India’s economic growth slowed sharply in the final quarter of 2009 to 6. 0 percent year on year, hit by lower farm output after the weakest monsoon in 37 years, data showed Friday. The figure for the October-December period, the third quarter of India’s fiscal year, compared with […]
Sri Lanka gets UN agency loan to help farmers
Feb 24, 2010 (LBO) – A United Nations agricultural development agency said it will give Sri Lanka a loan of 25 million dollars to help small holder farmers increase incomes. The International Fund for Agricultural Development (IFAD), based in Rome, said the loan will directly benefit small producers, women, landless households and young people in […]
‘s biggest carmaker Maruti Suzuki India announced Tuesday it has recalled 100,000 of its best-selling A-Star hatchback cars due to a fuel leakage problem
Maruti, majority owned by Japan’s Suzuki Motor Corp, said it launched the recall last November to fix the fault. The A-Star cars are being recalled both locally and internationally, mainly in Europe, as a “proactive” step, the company said in a statement. “We decided to check all vehicles from the lot, around 100,000 units including […]