Category: Other

SINGAPORE, April 2, 2008 (AFP) – The Government of Singapore Investment Corp (GIC) on Wednesday stood by its decision to invest in troubled Swiss bank UBS and did not rule out a further capital injection.UBS on Tuesday revealed an additional 19 billion US dollars in writedowns, making it the bank worst-hit by a global crisis […]

FRANKFURT, April 1, 2008 (AFP) – Deutsche Bank unveiled huge asset writedowns linked to the international banking crisis on Tuesday, but the amount still managed to pale in comparison to those announced by Swiss bank UBS.Deutsche Bank, the biggest German bank, said it estimated first-quarter writedowns would reach roughly 2.5 billion euros (3.9 billion dollars) […]

PARIS, April 1, 2008 (AFP) – Sex, sex and more sex together with ever-popular game shows remain the big television draws in most countries, according to a new survey.. Sex and science, sex and spirituality and sex for the sake of sex — anything goes, according to International Medias Consultants Associes (IMCA) and Mediametrie, a […]

SINGAPORE, April 1, 2008 (AFP) – World oil prices traded below 102 dollars in Asian trade on Tuesday after falling more than four dollars in New York on concerns about slowing energy demand in the US, and a decline in Iraqi militia violence, dealers said. In morning trade, New York’s main oil contract, light sweet […]

BEIJING, April 1, 2008 (AFP) – China will be able to maintain adequate rice supplies to its 1.3 billion people despite recent sharp hikes in global prices for the grain, Premier Wen Jiabao said in comments reported Tuesday. “Please set your mind at rest because China has an abundant supply of rice,” the China Daily […]

PORT OF SPAIN, Trinidad, March 31, 2008 (AFP) – Sri Lanka captain Mahela Jayawardene has assured Malinda Warnapura and Thilan Thusara that they can expect an extended run in the national team. Warnapura starred with scores of 120 and 62 in Sri Lanka’s opening Test win by 121 runs against West Indies last week at […]

LONDON, March 31, 2008 (AFP) – Britain and the US are finalising plans to create a working group that will put together proposals to better monitor and regulate the financial system, the Financial Times reported Monday. Citing unnamed senior British finance ministry officials, the business daily said the plans were agreed Wednesday by British Chancellor […]

TOKYO, March 31, 2008 (AFP) – Lehman Brothers on Monday sued Japan’s Marubeni Corp.for about 350 million dollars over a bogus investment scheme allegedly involving two employees of the trading giant. Lehman Brothers filed a lawsuit with the Tokyo District Court seeking compensation of 35.2 billion yen (352 million dollars) from Marubeni, said a spokeswoman […]

JAKARTA, March 30, 2008 (AFP) – With prices for key commodities at record highs, Indonesia — Southeast Asia’s biggest economy and a key exporter — should, at first glance, be enjoying good times. But with high oil prices leading to a government fuel subsidy blowout and rising food prices hitting the poor, analysts say most […]

NEW YORK, March 28, 2008 (AFP) – World oil prices fell sharply Friday on renewed concern that a slowdown in the US economy would dampen energy demand and on news that damage to an Iraqi pipeline was not as serious as first thought. New York crude values dropped under 106 dollars a barrel, a day […]

MANILA, March 29, 2008 (AFP) – Philippine PC manufacturer Neo and multinational computer processor maker Intel have jointly launched a new 16,999-peso (406-dollar) mini laptop, spokesmen said Saturday.The Neo Explore is a “ruggedized and shock-proof” laptop with a keyboard that will not be damaged by spillages of liquids, said Neo spokeswoman Mariel Que. It weighs […]