Oil prices fall sharply as dollar strengthens
LONDON, July 29, 2008 (AFP) – Oil prices fell heavily on Tuesday as traders reacted to the stronger dollar, erasing earlier gains seen after energy giant …
World
Collapse of WTO talks ushers in ‘new world order’: Norway
OSLO, July 30, 2008 (AFP) – The breakdown of the World Trade Organization (WTO) negotiations signals a “new world order” in which the West …
Dismayed powers plea for salvage effort after wrecked WTO talks
GENEVA, July 30, 2008 (AFP) – World trading powers appealed on Wednesday for efforts to salvage WTO proposals amid regret and emotion at the collapse of …
Fed extends emergency lending to investment firms
WASHINGTON, July 30, 2008 (AFP) – The Federal Reserve on Wednesday extended its emergency lending program to January 2009 for investment firms aimed at …
WTO talks enter tense endgame: officials
GENEVA, July 28, 2008 (AFP) – Talks to forge a new global trade pact teetered on the brink of collapse Tuesday as the World Trade Organization said the …
India’s central bank hikes policy rate to 9.0-pct
MUMBAI, July 29, 2008 (AFP) – India’s central bank Tuesday raised its key short-term lending rate by half-a-percentage point in an aggressive bid …
BP profits jump as oil prices smash record highs
LONDON, July 29, 2008 (AFP) – British energy giant BP said on Tuesday that its net profit rallied by 28 percent to 9.47 billion dollars (6.02 billion …
After boom years, inflation bites in Vietnam
HANOI, July 28, 2008 (AFP) – Hit with Asia’s highest inflation rate and a surprise 30 percent hike in petrol prices last week, some Vietnamese are …
Typhoon lashes Taiwan, hitting schools and travel
TAIPEI, July 28, 2008 (AFP) – Typhoon Fung-wong slammed into Taiwan’s east coast Monday, bringing fierce winds and heavy rains that forced the …
Indian leaders urge calm, army called out after attacks
AHMEDABAD, July 27, 2008 (AFP) – Indian leaders issued appeals for calm Sunday as the army was called out after a wave of bombings killed 45 people in …
Key points of compromise text issued by WTO head
GENEVA, July 27, 2008 (AFP) – Here is a summary of key proposals put forward by the head of the World Trade Organization in a bid to break the deadlock …
Congress throws a lifeline to drowning US housing sector
WASHINGTON, July 26, 2008 (AFP) – A US housing sector that has yet to hit bottom after its worst slump in decades secured a lifeline Saturday from a …
Tariff row by developing states threatens WTO deal
GENEVA, July 27, 2008 (AFP) – A clash between developing countries over protectionist measures to save farmers from surging imports threatened Sunday to …
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 …
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 …