Britain facing increased risk of recession: BoE governor
LONDON, August 13, 2008 (AFP) – The head of the Bank of England forecast on Wednesday that Britain faced increased risk of recession with economic growth …
World
Oil prices sink despite Georgian conflict
NEW YORK, August 11, 2008 (AFP) – Crude oil prices sank Monday as the market worried about weakening demand, particularly in the eurozone and in China, …
Dollar gains against Euro, commodities
TOKYO, August 12, 2008 (AFP) – The euro languished at six-month lows against the dollar in Asian trade on Tuesday as traders continued to focus on the …
Japan’s wholesale inflation hits 7.1-pct in July 2008
TOKYO, August 12, 2008 (AFP) – Japanese wholesale inflation hit a 27-year high of 7.1 percent in July on soaring commodity costs, the central bank said …
Standard Chartered bank shakes off credit crunch as profits soar
Aug 12, 2008 (LBO) – Standard Chartered said that its push into Asia, Africa and the Middle East had fuelled a profits surge at the emerging markets bank …
Australia PM pushes Asia Pacific Community idea
SINGAPORE, August 12, 2008 (AFP) – Australian Prime Minister Kevin Rudd Tuesday pushed ahead with his vision of an Asia Pacific Community but played down …
Debut author, 93, creates real life dream with royalties
LONDON, August 11, 2008 (AFP) – A 93-year-old debut novelist has used the proceeds from her book to move her friends out of nursing homes and into her …
Australian dollar falls to seven-month low
SYDNEY, August 11, 2008 (AFP) – The plunging Australian dollar hit a new seven-month low on Monday as a fall in key commodity prices put the currency …
Egypt inflation hits 23.1 percent; state salaries upped
CAIRO, August 10, 2008 (AFP) – Inflation soared to a record 23.1 percent in Egypt in July, fuelled by skyrocketing food prices, the CAPMAS national …
Singapore’s Q2 growth slows to 2.1 percent: government
SINGAPORE, August 11, 2008 (AFP) – Singapore’s economic growth slowed to an annual 2.1 percent in the second quarter, the government announced on …
Papuan tribal chief takes on US mining giant: report
JAKARTA, August 11, 2008 (AFP) – A tribal chief in Indonesia’s West Papua launched a campaign Monday to get compensation from US mining giant …
India’s top court clears Posco, Vedanta projects in key rulings
NEW DELHI, August 10, 2008 (AFP) – India’s top court has cleared South Korean steel giant Posco’s plan for a 12-billion-dollar plant in a …
Italian contraction sets eurozone alarm bells ringing
MILAN, August 10, 2008 (AFP) – The Italian economy contracted in the second quarter, official data showed, adding to a deepening sense of gloom about the …
Western concern over oil and gas pipelines through Georgia
LONDON, August 10, 2008 (AFP) – Western concerns are growing over the impact of bloody clashes between Georgia and Russia on a key oil pipeline through …
US, Europeans scramble to prevent Georgia-Russia war
WASHINGTON, August 9, 2008 (AFP) – The United States and European Union are leading a diplomatic push to prevent all-out war between Georgia and Russia, …
Oil prices slide beneath 116 dollars
LONDON, August 8, 2008 (AFP) – Crude prices slumped below 116 dollars a barrel on Friday as the market shrugged off confirmation that separatist Kurdish …
Online social networking sites are hacker playgrounds
LAS VEGAS, August 8, 2008 (AFP) – Computer security researchers on Thursday warned that online social networking websites are playgrounds for hackers who …
ASEAN, India to sign free trade pact in December: official
BANGKOK, August 8, 2008 (AFP) – Southeast Asian nations will sign a free trade pact with India in December on the sidelines of a regional summit in …
US, UN condemn military coup in Mauritania
WASHINGTON, August 6, 2008 (AFP) – US Secretary of State Condoleezza Rice on Wednesday condemned the military coup in Mauritania and called for the …
German insurer Allianz warns on profits after weak second quarter
FRANKFURT, August 7, 2008 (AFP) – Shares in the German insurance group Allianz plunged on Thursday after the group warned that it would not reach its …