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China nervous as instant noodle prices jump

2007-07-27 00:00:00

BEIJING, July 26 (AFP): Amid spiralling food costs, Chinese authorities are concerned about a sudden spike in the price of instant noodles-one of the nation's most popular dishes-state press reported today. The price of a packet of instant noodles has...

Vietnam to foster power development

2007-07-27 00:00:00

HANOI, July 26 (Xinhua): Vietnam is encouraging both domestic and foreign investors to build power plants and transmission lines to ensure that the local electricity sector will serve its socioeconomic development with a targeted economic growth of 8.5-9 per cent...

Myanmar bans smoking at world famous pagoda

2007-07-27 00:00:00

YANGON, July 26 (Xinhua): Myanmar has designated the platform around its world's famous Shwedagon Pagoda in Yangon as tobacco- and betel- free zone, banning smoking and taking of betel leaf there with effective from this weekend, local media reported today....

Australia considers selling uranium to India

2007-07-27 00:00:00

SYDNEY, July 26 (AFP): Australia is considering selling uranium to India after New Delhi finalised a landmark civilian nuclear deal with the United States, the government said today. Australia has the world's largest known reserves of uranium and has been...

India mobile phone giant Bharti rings up 100pc rise

2007-07-27 00:00:00

NEW DELHI, July 26 (AFP): India's top mobile phone company, Bharti Airtel, said its first-quarter net profit doubled as customer numbers soared in the world's fastest-growing wireless market. Net profit for the three months to June jumped 100 per cent...

EU hits suspected banana cartel with charges

2007-07-27 00:00:00

BRUSSELS, July 26 (AFP): EU antitrust regulators yesterday levelled formal charges against banana wholesalers suspected of running an illegal cartel, a source told AFP Wednesday. Taking the first legal step towards potentially huge fines, the European Commission sent charge-sheets to...

ACME introduces A-Calm

2007-07-27 00:00:00

The ACME Laboratories Ltd, one of the largest pharmaceutical companies in the country has launched a new non-sedative muscle relaxant drug A-Calm (Tolperisone), said a press release. The product is marketed as 50mg tablet. A-Calm is indicated for low back...

Hyundai's net profit up 51.7pc

2007-07-27 00:00:00

SEOUL, July 26 (AFP): South Korea's top automaker Hyundai Motor said today its net profit rose sharply in the second quarter to June thanks to cost cuts and brisk sales of premium cars. Quarterly net profit from worldwide operations soared...

East Asian growth robust, capital inflows a concern: ADB

2007-07-27 00:00:00

HONG KONG, July 26 (AFP): Economic growth in emerging East Asia was stronger than expected in the first half this year but soaring capital inflows have become a big concern, the Asian Development Bank (ADB) said today. Strong consumption and...

IMF raises world economic growth forecast to 5.2pc

2007-07-27 00:00:00

WASHINGTON, July 26 (Agencies): The International Monetary Fund (IMF) yesterday revised upward its forecast for global growth in 2007 to 5.2 per cent, compared to the 4.9 per cent pace previously estimated, with projections for China, Germany, India and Russia...

US, developing nations criticise WTO proposals on industrial trade

2007-07-27 00:00:00

GENEVA, July 26 (AFP): The United States and prominent developing nations yesterday dampened hopes of swift progress in stuttering global trade talks by sharply criticising proposals for cuts in barriers to industrial goods trade. The US ambassador to the World...

Zoellick to visit Asia in first trip as WB chief

2007-07-27 00:00:00

WASHINGTON, July 26 (AFP): In his first trip abroad as World Bank president, Robert Zoellick will visit the Asia-Pacific region July 30-August 9, including Australia, Japan, Cambodia and Vietnam, the bank said yesterday. Zoellick, who took office on July 2,...

Vietnam heads for record trade deficit

2007-07-27 00:00:00

HANOI, July 26 (AFP): Vietnam is headed for a record trade deficit this year after the gap widened to 5.45 billion dollars in the first seven months, more than last year's total, the government said today. Imports have vastly outpaced...

NZ central bank lifts interest rates

2007-07-27 00:00:00

WELLINGTON, July 26 (AFP): New Zealand's central bank raised interest rates today for the fourth successive time this year due to sustained inflationary pressures. Reserve Bank of New Zealand Governor Alan Bollard raised the official cash rate (OCR) by a...

China vows to improve safety of its massive toy exports

2007-07-27 00:00:00

BEIJING, July 26 (AFP): China will introduce new rules to improve the safety of its toys, as the country's massive industry faces international condemnation over its exports, a top official was quoted as saying today. The world's biggest maker of...

Fed sees moderate growth, housing still troubled

2007-07-27 00:00:00

WASHINGTON, July 26 (AFP): The US economy is growing at a generally "moderate" pace despite a patchy performance in some regions and a weak real estate market, the Federal Reserve said in its Beige Book report yesterday. The report, to...

Afghan, US forces kill 60 Taliban

2007-07-27 00:00:00

KABUL, July 26 (AFP): Afghan and US-led forces killed more than 50 Taliban in a 12-hour battle in the country's opium- growing heartland, while ten rebels and a policeman died in separate fighting, officials said Thursday. Coalition warplanes were called...

Pakistan test-fires N-capable missile

2007-07-27 00:00:00

ISLAMABAD, July 26 (AFP): Pakistan said it successfully test-fired a cruise missile Thursday capable of delivering nuclear warheads deep into India. The test will consolidate Pakistan's strategic capability and strengthen national security," a military statement said, without providing details.The military...

Powerful quake rocks eastern Indonesia

2007-07-27 00:00:00

MANADO, (Indonesia), July26 (AFP): A powerful earthquake rocked eastern Indonesia on Thursday, sending residents fleeing from swaying homes and hospitals, authorities and witnesses said. There were no immediate reports of damageThe quake, which had a magnitude of 6.9, triggered a...

World urged to help Jordan, Syria cope with Iraqi refugee influx

2007-07-27 00:00:00

LONDON, July 26 (AFP): Global rights watchdog Amnesty International Thursday urged the international community to urgently help Jordan and Syria cope with an influx of Iraqi refugees. London-based Amnesty issued the plea for countries to offer financial aid to Iraq's...

Military talks between Koreas break down

2007-07-27 00:00:00

PANMUNJOM, (Korea), July 26 (AFP): North Korea walked out of military talks with South Korea, ending three days of high-level negotiations Thursday with no agreement amid a lingering dispute over their shared sea border. "We've come to the conclusion that...

Syria explosion kills 15 soldiers

2007-07-27 00:00:00

DAMASCUS, July 26 (AFP): An explosion at an ordnance depot that was blamed on summer heat killed at least 15 soldiers Thursday and wounded 50 others in northern Syria, the state news agency saidhe SANA news agency reported that the...

Bomb attack kills five Iraqi police

2007-07-27 00:00:00

HILLA, Iraq, July 26 (AFP): A bomb attack killed five police patrolling south of Baghdad on Thursday, according to security and medical officials, amid ongoing insurgent violence across central Iraq. Lieutenant Hamza al-Waeli of the Hilla Police told AFP that...

news digest

2007-07-27 00:00:00

May to July in Britain wettest on recordLONDON, July 26: The three-month period from May to July has already become the wettest in history here, even before the end of the month, Britain's Met Office said Thursday. Figures released by...

Attaining sustained GDP growth of 7.5pc within our reach: Mirza Aziz

2007-07-27 00:00:00

FE ReportBangladesh has the potential to join the ranks of middle-income countries (MICs) with the per capita gross national income (GNI) of US$875 by 2016, a World Bank (WB) report revealed Thursday.But to reach that level, the country needs to...

3 ex-ministers jailed

2007-07-27 00:00:00

Trial courts Thursday sentenced three former ministers and a Dhaka ward commissioner to long jail-terms in separate cases, making the highest number of emergency-time verdicts in one day, report agencies.The convicts are: immediate-past post and telecommunications minister Aminul Huq, immediate-past...

Sheikh Selim's detention held illegal

2007-07-27 00:00:00

The High Court (HC) Thursday declared illegal the detention of former Health Minister and Awami League (AL) stalwart Sheikh Fazlul Karim Selim, held during a crackdown on politicians at the outset of the current army-led operation against serious crime and...

July 17 circular on aid use by NGOs withdrawn

2007-07-27 00:00:00

AZM AnasThe caretaker administration has withdrawn the much-debated circular issued to restrict foreign aid use by non-government organisations (NGOs) in the wake of intensified lobbying from the development community. In an office order Thursday, the NGO Affairs Bureau, which oversees...

Hasina urges BB governor to provide her bank statements

2007-07-27 00:00:00

FE Report Awami League President Sheikh Hasina, who is now in a make-shift sub-jail, has requested the central bank governor to provide the statement of her bank accounts."We have received a letter from Sheikh Hasina, through the home ministry, requesting...

Big holders of untaxed money yet to respond to NBR facility

2007-07-27 00:00:00

S M JahangirA good number of holders of undisclosed money are yet to avail themselves of the opportunity to legalise their untaxed money, with only four days reaming for the deadline -- July 31, 2007 -- to expire, the National...