Category: Other

NEW YORK, Sept 17, 2007 (AFP) – Wall Street stocks fell Monday as anxiety ran high a day ahead of a crucial Federal Reserve meeting to decide the course of US interest rates. Shares in the Nasdaq Stock Market fell 1.43 percent to 34.41 on reports it was close to a deal to sell its […]

BEIJING, Sept 18, 2007 (AFP) – China, the world’s fastest growing aviation market, will need 3,400 new airplanes worth about 340 billion dollars over the next 20 years, US aircraft maker Boeing said Tuesday.The forecast marks a dramatic increase from an earlier prediction by Boeing of 2,900 aircraft in the period from 2005 to 2025. […]

BEIJING, Sept 17, 2007 (AFP) – A man in southern China collapsed and died after a three-day marathon online session at a cybercafe, state media reported on Monday.The web-user, estimated to be 30 years old, suddenly collapsed in front of his computer terminal in Guangdong province, and emergency personnel were unable to revive him, the […]

HARARE, Sept 17, 2007 (AFP) – Planned legislation that would place the majority share of all listed firms in the hands of indigenous blacks will lead to a fall in foreign investment and worsen Zimbabwe’s economic woes, business leaders warned Monday. Members of a parliamentary committee that is currently debating the controversial Indigenisation and Economic […]

DHAKA, Sept 16, 2007 (AFP) – Bangladesh and India on Sunday signed a deal that will allow Dhaka to export eight million garments duty-free across the border, an agreement billed by New Delhi as a “milestone” in trade relations.“India is growing rapidly and its middle class is booming.So in the near future India can very […]

NEW YORK, Sept 14, 2007 (AFP) – The dollar steadied Friday a day after plunging to a record low on the euro, while the pound fell on jitters after a Bank of England bailout of key British lender Northern Rock.In late New York trade, the dollar stood at 115.35 yen after 115.04 Thursday and 1.1896 […]

PORTO, Portugal, Sept 15, 2007 (AFP) – European Central Bank president Jean-Claude Trichet shrugged off on Saturday fresh French criticism of the ECB over its handling of recent financial market turmoil. EU Economic and Monetary Affairs Commissioner Joaquin Almunia defended Juncker, saying he “deserves … our recognition as a president of the group that is […]

LONDON, Sept 15, 2007 (AFP) – “My head tells me it’s all right but my heart says otherwise,” said an anxious accountant on the state of beleaguered British bank Northern Rock.The man in his 50s was queuing Saturday with 200 other worried customers outside the branch of Britain’s fifth-biggest mortgage lender in Golders Green, north-west […]

SEOUL, Sept 14, 2007 (AFP) – World deaths from “lifestyle” diseases will double by 2015 unless all-out efforts are taken to combat them, the World Health Organisation (WHO) warned Friday.It said about 17 million people die prematurely each year as a result of the global epidemic of largely preventable chronic diseases — the leading cause […]