Oil prices slide, metals correct on hopes of end to US money printing
LONDON, July 25, 2008 (AFP) – Oil prices fell further this week, leaving them about 20 dollars off record highs, while there were also losses for metals …
World
At least 55 injured in blasts in western Indian city
AHMEDABAD, July 26, 2008 (AFP) – At least 55 people were injured as a series of blasts rocked the western Indian city of Ahmedabad on Saturday, senior …
Oil prices could drop if Iran concerns allayed: OPEC president
ALGIERS, July 26, 2008 (AFP) – The price of oil could drop to between 70 and 80 dollars a barrel if the dollar strengthens and concerns over Iran are …
Critical DNS vulnerability found on internet: experts
SAN FRANCISCO, July 24, 2008 (AFP) – Internet security researchers on Thursday warned that hackers have caught on to a “critical” flaw that …
Eurozone money supply slows, points to weaker economy: analysts
FRANKFURT, July 25, 2008 (AFP) – Growth of eurozone money supply and credit eased sharply last month, the European Central Bank said on Friday, providing …
Sri Lanka fighting kills scores of rebels: military
July 25, 2008 (AFP) – Heavy ground battles across Sri Lanka’s north claimed the lives of 59 Tamil Tiger rebels and two soldiers, the defence …
One dead as serial bomb blasts hit Indian IT city: police
BANGALORE, July 25, 2008 (AFP) – India’s high-technology capital Bangalore was hit by a string of seven coordinated bomb blasts Friday with at …
Japanese business chief calls for change of government
TOKYO, July 23, 2008 (AFP) – One of Japan’s top business leaders called Wednesday for a change of government to shake up Asia’s largest …
Vietnam inflation hits 27 percent, trade gap widens
HANOI, July 24, 2008 (AFP) – Vietnam’s annual inflation rate hit 27 percent in July, the government said Thursday, as rocketing food and fuel costs …
India mobile phone giant Bharti Q1 profit up 34 percent
MUMBAI, July 24, 2008 (AFP) – India’s top mobile phone company, Bharti Airtel, said its first-quarter net profit increased by a …
Oil tumbles to US$124 a barrel after Plosser hints at rate hike
NEW YORK, July 23, 2008 (AFP) – Oil prices tumbled Wednesday as supply concerns eased after a bigger-than-expected increase in gasoline reserves was …
US bank Wachovia scorched with US$8.7bn loss
NEW YORK, July 22, 2008 (AFP) – Banking giant Wachovia took a hit from the US housing slump with a quarterly loss announced Tuesday of 8.662 billion …
Australian inflation rises to 4.5 percent
SYDNEY, July 23, 2008 (AFP) – Australia’s annual inflation rate jumped to 4.5 percent in June, official data showed Wednesday, as Treasurer Wayne …
India will not give ground in industrial field: Nath
GENEVA, July 23, 2008 (AFP) – India hinted on Wednesday that it is prepared to see WTO talks founder if rich countries do not take big strides towards …
Vaccine kick-starts immune response to cancer
July 21, 2008 (AFP) – Researchers have developed a plant-based cancer vaccine capable of kick-starting the body’s immune response and being …
European shares get boost from Bank of America earnings
LONDON, July 21, 2008 (AFP) – European stock exchanges forged ahead Monday, powered by news of second-quarter profit at Bank of America that reassured …
Amazon powers Atlantic Ocean’s carbon sink: study
CHICAGO, July 21, 2008 (AFP) – Nutrients carried by the Amazon River help create a carbon sink deep in the Atlantic Ocean, a study released Monday has …
Indian opposition demand PM resign over bribe allegations
NEW DELHI, July 22, 2008 (AFP) – India’s main opposition party on Tuesday demanded the resignation of Prime Minister Manmohan Singh over …
Emerging markets want industrialised nations to make first move
GENEVA, July 22, 2008 (AFP) – Emerging economies challenged rich countries to prove their goodwill on Tuesday at crucial World Trade Organization talks, …
Indian government survives confidence vote: state TV
NEW DELHI, July 22, 2008 (AFP) – India’s government on Tuesday survived a parliamentary confidence vote that could have led to early polls and …