Indian outsourcing sector sets up watchdog to stamp out data theft
NEW DELHI, April 23, 2007 (AFP) - India's booming services and software industry Monday announced that an independent watchdog has been setup to create a …
World
Ailing dollar sees no relief; sterling hits 26-year high
NEW YORK, April 18, 2007 (AFP) - The struggling dollar faced renewed selling pressure Wednesday as sterling jumped to a 26-year high and the euro topped 1.36 …
Sterling tops two dollars as greenback under rates pressure
NEW YORK, April 17, 2007 (AFP) - Sterling climbed above the psychological barrier of two dollars Tuesday for the first time since 1992 as data on both sides of …
New Zealand dollar hits highest level for quarter century
WELLINGTON , April 18, 2007 (AFP) - The New Zealand dollar hit its highest level against the US currency for 25 years on Wednesday after inflation data …
Dollar on the ropes against European currencies
TOKYO, April 18, 2007 (AFP) - The dollar languished at a near 15-year low against the British pound and a two-year trough versus the euro in Asian trade …
US firms to make biodiesel from beef, poultry by-products
WASHINGTON, April 16, 2007 (AFP) - A new biofuel project will mean what's for dinner may also be what goes in the fuel tank with ConocoPhillips and Tyson Foods …
Wal-Mart reclaims top spot on Fortune 500 list
NEW YORK, April 16, 2007 (AFP) - US retailer Wal-Mart Stores has dethroned oil giant ExxonMobil from the top position in the Fortune 500 list of America's …
IMF calls for flexible approach to exchange rate surveillance
WASHINGTON, April 14, 2007 (AFP) - The International Monetary Fund called Saturday for a flexible, non-coercive approach to monitoring exchange rate regimes of …
G7 mulls global currency, hedge funds, amidst Wolfowitz scandal
WASHINGTON, April 13, 2007 (AFP) - Global finance chiefs launched a new bid Friday to bridge gaps on economic and currency policy at talks clouded by a growing …
G7 calls WTO deal ‘imperative’
WASHINGTON, April 13, 2007 (AFP) - The world's seven richest nations said Friday a WTO deal to tear down global trade barriers was "imperative," following a …
World monetary policeman ponders own reform
WASHINGTON, April 14, 2007 (AFP) - IMF policymakers on Saturday are to press on with a campaign to save their 60-year-old body from irrelevance at a time when …
World Bank head ordered girlfriend’s pay rise: report
HONG KONG, April 12, 2007 (AFP) - World Bank president Paul Wolfowitz personally ordered the hefty pay rise given to his girlfriend at the bank, the Financial …
India test fires ballistic missile capable of reaching China
BHUBANESWAR, India, April 12, 2007 (AFP) - India on Thursday test-fired a nuclear-capable medium-range ballistic missile which can reach the Chinese cities of …
Controversy over World Bank chief’s girlfriend deepens; no resignation yet
WASHINGTON, April 12, 2007 (AFP) - World Bank president Paul Wolfowitz Thursday apologized for making a "mistake" over hefty pay rises given to his girlfriend …
Pope decries ‘natural calamities,’ ‘human tragedies’
VATICAN CITY, April 8, 2007 (AFP) - Pope Benedict XVI on Sunday decried the "suffering in the world" in his traditional "Urbi et Orbi" (to the city and the …
Pirates free ship with Sri Lankan sailors off Somalia
NAIROBI, April 7, 2007 (AFP) - Pirates have released a UN-chartered cargo ship and an Indian vessel they captured in the unpatrolled waters off the coast of …
China sees “historic opportunities” in South Asia
NEW DELHI, April 3, 2007 (AFP) - China declared Tuesday that South Asia was on the brink of "historic opportunities" and sought stepped up cooperation with the …
Time for South Asia nations to deliver: ministers
NEW DELHI, April 2, 2007 (AFP) - South Asia's expanding but underperforming SAARC grouping needs to work harder and overcome internal rivalries to boost …
Villages ‘wiped out’ in huge Solomons quake, tsunami
HONIARA, April 2, 2007 (AFP) - A powerful undersea earthquake unleashed a tsunami that pounded the Solomon Islands early Monday, flattening villages and …
Malaysian anti-corruption chief dumped amid graft allegations: report
KUALA LUMPUR, March 31, 2007 (AFP) - Malaysia's top anti-corruption official, who is facing a police investigation into graft allegations against him, will not …