Fighting inflation best way to deal with financial crisis: ECB chief
FRANKFURT, September 5, 2008 (AFP) - A monetary policy based on fighting inflation is the European Central Bank's best weapon against volatile commodity prices …
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Sri Lanka tea export earnings hit new high
Sept 05, 2008 (LBO) - Sri Lankan tea export earnings hit a new high up to July this year with strong demand continuing from the oil exporting regions of the …
No Bail
September 5, 2008 (AFP) - Sri Lanka's Chief Justice Sarath Silva Friday refused bail for a Buddhist monk and slammed fellow clergymen for not showing respect …
Oil prices at US$108 after US inventory data
LONDON, September 4, 2008 (AFP) - Oil prices fell on Thursday as the market digested the latest weekly snapshot of US energy stockpiles which recorded a bigger …
End of bubble sees commodity prices tumble: analysts
PARIS, September 5, 2008 (AFP) - Sharp falls in commodity prices and a rise in the dollar mark the ending of one of the biggest ever speculative bubbles and a …
Sri Lanka gripped by heavy battles
September 5, 2008 (AFP) - Government forces and Tamil Tiger separatists fought heavy battles in northern Sri Lanka with another 34 combatants killed in fresh …
Oil prices at US$109 a barrel
LONDON, September 3, 2008 (AFP) - Oil prices closed modestly lower Wednesday as the market focused on demand amid a slowing global economy and signs that OPEC …
Euro, pound in trough in Asia ahead of rate decisions
TOKYO, September 4, 2008 (AFP) - The euro and pound languished in Asian trade Thursday but were off lows against the dollar ahead of central bank decisions in …
Oil riches propel Abu Dhabi onto world map
DUBAI, September 4, 2008 (AFP) - Oil-rich Abu Dhabi, which this week boasted of taking over English football club Manchester City, is pumping billions of …
India’s inflation slows for second successive week
NEW DELHI, September 4, 2008 (AFP) - India's inflation slowed for a second week in a row but remained far above the central bank's tolerance level, data on …
Pakistan’s prime minister escapes assassination attempt: official
ISLAMABAD, September 3, 2008 (AFP) - Pakistani Prime Minister Yousuf Raza Gilani escaped an assassination attempt after shots were fired at his vehicle …
India’s Tata says seeks new sites for cheap car plant
NEW DELHI, September 3, 2008 (AFP) - India's giant Tata Motors sought new sites Wednesday to make the world's cheapest car after suspending work on its plant …
Malaysia sends troops to protect ships in Gulf of Aden: report
KUALA LUMPUR, September 3, 2008 (AFP) - Malaysia has sent crack troops and navy ships to the Gulf of Aden after two of its vessels were seized by pirates last …
Sri Lanka, India in tea import deal
Sept 02, 2008 (LBO) – Two of the world's biggest tea exporters, Sri Lanka and India, have signed an agreement on tea imports into each other's countries, …
Kuwait gives illegal expats six-week amnesty
KUWAIT CITY, Sept 02, 2008 (AFP) - Kuwait has granted illegal foreign residents a six-week amnesty to legalise their status or leave the oil-rich emirate …
Brazil starts to tap deepwater oil field
RIO DE JANEIRO, September 1, 2008 (AFP) - Brazil will on Tuesday start to tap a deepwater offshore oil field that could presage how difficult it will be to …
Oil prices at 105 dollars, as commodity and credit bubble deflates
LONDON, September 2, 2008 (AFP) - Oil prices dived under 105 dollars on Tuesday, reaching four-month lows, after Hurricane Gustav spared key energy facilities …
GM opens second plant in western India
MUMBAI, September 2, 2008 (AFP) - US-based auto giant General Motors opened its second plant in western India on Tuesday that will nearly triple annual …
Philippine corporate profits fall: study
MANILA, September 2, 2008 (AFP) - Soaring inflation contributed to a 4.3-percent fall in profits at listed Philippine firms over the three months to March, a …
Philippines police could face charges for detaining journalists
MANILA, September 1, 2008 (AFP) - Philippine police officers who crushed a right-wing military revolt last year could face criminal charges for detaining …