Malaysia to give food stockpile priority over projects
KUALA LUMPUR, May 3, 2008 (AFP) - Malaysia's prime minister said Saturday his government would delay non-essential projects and use funds to secure the …
World
Microsoft and Yahoo in takeover talks: source
SAN FRANCISCO, May 2, 2008 (AFP) - Microsoft and Yahoo began takeover talks Friday with the US software giant open to raising its 44. online pharmacy buy …
No US economic recovery this year: IMF chief
WASHINGTON, May 2, 2008 (AFP) - International Monetary Fund chief Dominique Strauss-Kahn said Friday that he does not see the US economy recovering from its …
Tata eyes stake in Indonesia’s Krakatau Steel: reports
JAKARTA, May 3, 2008 (AFP) - India's Tata Steel could bid for a stake in Indonesia's largest steel maker PT Krakatau Steel, according to a report here …
Bangladesh garment makers to sell cheap rice to workers
DHAKA, May 3, 2008 (AFP) - Bangladesh garment manufacturers on Saturday said they would distribute subsidised rice to thousands of some of the world's …
China inspects 3,600 factories in child labour scandal: report
BEIJING, May 1, 2008 (AFP) - Chinese authorities inspected more than 3,600 businesses in a major export city at the centre of a child labour scandal, state …
India inflation hits 42-month high of 7.57 pct
NEW DELHI, May 2, 2008 (AFP) - India's inflation rate accelerated to a 42-month peak of 7.57 percent, driven by higher food costs, according to official data …
Non-stop media coverage of US campaign comes in for critique
WASHINGTON, May 2, 2008 (AFP) - Americans say the media are devoting too much ink and airtime to the US presidential race, amid growing criticism that news …
Food crisis payback for ’20 years of mistakes’: UN expert
PARIS, May 2, 2008 (AFP) - The UN's new top advisor on food blamed two decades of wrong-headed policies by world powers for the food crisis sweeping the globe, …
Yuan’s rise hits China-based exporters: US business leader
WASHINGTON, April 30, 2008 (AFP) - The rapid appreciation of the Chinese currency against the US dollar is taking a big toll on Asian companies using China as …
India steelmaker Essar seals deal for US steel firm for 1.1 bln dlrs
NEW DELHI, May 2, 2008 (AFP) - Indian steelmaker Essar Steel said Thursday it planned to acquire US steel company Esmark, valuing the deal at 1. online …
Three Chinese banks in world’s top four: study
PARIS, April 30, 2008 (AFP) - Three Chinese institutions were among the world's top four banks at the end of 2007 at a time when the market capitalisation of …
Profits at India’s Reliance Communications up 46.8 percent
MUMBAI, April 30, 2008 (AFP) - India's second-biggest telecoms firm Reliance Communications reported Wednesday its fourth quarter net profit rose 46.8 percent …
Not enough regulation in some tax havens: British report
LONDON, May 1, 2008 (AFP) - There is too little regulation of financial services industries in British overseas territories like Bermuda and the British Virgin …
Money printing US adds 40 mln in emergency food aid
WASHINGTON, April 29, 2008 (AFP) - The United States on Tuesday released 40 million dollars in emergency aid for the World Food Program (WFP) to help deal with …
Dollar pauses in Asia ahead of Fed rate decision
April 30, 2008 (AFP) - The dollar was little changed in Asian trade on Wednesday as investors sat on their hands ahead of a Federal Reserve interest rate …
Mekong nations to form OPEC-style rice cartel: Thai PM
BANGKOK, April 30, 2008 (AFP) - Thailand's prime minister said Wednesday his country had agreed in principle to form a rice price-fixing cartel with Myanmar, …
Food crisis sparks role reversal in WTO
GENEVA, April 28, 2008 (AFP) - The food crisis is bringing about a role reversal in the World Trade Organization: traditionally liberal major food exporters …
India’s central bank hikes cash reserve ratio to fight inflation
MUMBAI, April 29, 2008 (AFP) - India's central bank on Tuesday held key interest rates steady but hiked the percentage of cash banks must hold in reserve to …
Financial crisis hits profits at German insurer Allianz
FRANKFURT, April 29, 2008 (AFP) - German insurer Allianz said Tuesday that its first quarter net profit will slump to a third of what it was in the …