Squeezing the money supply through a tighter monetary policy and some other mechanisms to control the current price may lead to reduced consumption but it would not help realise its benign object. These policies may drive down prices of only...
A long view of public opinion in this country since its inception will tend to blunt one's thought process blocking new deduction. After the ouster of dictatorship in 1990 of H.M. Ershad, which had taken up the cloak of democracy...
Tom EngelhardtLEAKS of plans that took the American presence into the increasingly distant future also began to occur. The most striking came on July 24th in a New York Times front-page piece by Michael R. Gordon. Its headline said it...
United NationsWhen the United States sells state-of-the-art weapons systems to Arab nations, it invariably provides even more lethal and sophisticated arms to its steadfast ally, Israel, in order to help counter the firepower of its neighbours.So, when Egypt gets the...
Michael Peel from LondonINTERNATIONAL companies and private individuals are making hundreds of reports a week to a pioneering internet hotline launched this month to map bribery world-wide and help businesses plan how to deal with it.Trace, a non-profit group set...
GENEVA, Aug 13 (AFP): Asia's economies face the challenge of finding jobs for an extra 200 million workers between now and 2015, according to a new International Labour Organisation (ILO) report out today. It said the region will have its...
TOKYO, Aug 13 (AFP): Japan's central bank announced today it will inject 600 billion yen (5.0 billion dollars) into the banking system to avert liquidity shortages after turbulence on global financial markets. Worries about problems in the US mortgage market...
BEIJING, Aug 13 (PTI): Despite the India-China bilateral trade growing at nearly 50 per cent this year, the surging trade deficit is all set to top the record figure of USD 4.11 billion in 2006. The growing trade imbalance in...
SYDNEY, Aug 13 (AFP): Australia's central bank today said it saw global growth as strong despite the uncertainty created by the crisis in the US home loan market. The Reserve Bank of Australia (RBA) said rising delinquency rates in the...
NEW DELHI, Aug 13 (PTI): North America and Asia have emerged as the most sought-after destinations for India Inc's acquisition bids, with takeover deals in the region touching USD 12 billion in the first four months of fiscal 2008, an...
NEW DELHI, Aug 13 (PTI): The rout on stock market has left no one untouched-not even the country's richest billionaires - - with the top five led by Reliance Industries chairman Mukesh Ambani losing more than USD 10 billion in...
MEXICO CITY, Aug 13 (Xinhua): Trade ministers and officials from Mexico, the United States and Canada will meet Monday and Tuesday in Vancouver, Canada, to discuss issues concerning the North America Free Trade Agreement (NAFTA), Mexico's Economy Ministry said yesterday....
SEOUL, Aug 13 (AFP): South Korea is ready to inject liquidity into the banking system if needed to avert liquidity shortages after turbulence on global financial markets, officials said today. The move followed an emergency meeting of senior officials from...
MUMBAI, Aug 13 (PTI): As part of efforts to flush out excess foreign capital, Reserve Bank of India (RBI) has allowed resident Indians to open accounts in banks outside the country and transfer up to USD 100,000 a year in...
SINGAPORE, Aug 13 (AFP): Oil prices were higher in Asian trade today amid lingering worries that the US subprime mortgage crisis will eventually hurt US economic growth, dealers said. New York's main contract, light sweet crude for September delivery rose...
BAGHDAD, Aug 13 (AFP): Giant retailers Wal-Mart, JC Penney and Sears, Roebuck could stock Iraqi-made leather jackets and clothes in outlets across the United States by Christmas, an Iraqi official said yesterday. Top Iraqi and US officials said that a...
BEIJING, Aug 13 (PTI): China's central bank has assured the international community that it has no plans to dump the US dollars in its massive foreign reserves in response to Washington's relentless pressure to revaluate the Chinese currency. The US...
JAKARTA, Aug 13 (AFP): Indonesia may force palm oil producers to set aside a portion of their output to sell here amid rising prices in a bid to dampen inflation in Southeast Asia's largest economy, a report said today. Industry...
SYDNEY, Aug 13 (AFP): Australia's central bank today lifted its forecast for underlying annual inflation from 2.5 to 3.0 per cent, the top of its target range, indicating interest rates could rise further. The Reserve Bank of Australia (RBA) said...
TOKYO, Aug 13 (AFP): The dollar was broadly steady in Asian trade today as recent concerted action by the world's major central banks helped to restore some calm to volatile financial markets, dealers said. The Bank of Japan announced another...
KABUL, Aug 13 (AFP): Talks between Afghanistan and Pakistan ended Sunday with calls to eliminate terrorist sanctuaries in their respective tribal regions and to fight the opium trade financing Islamic militants. Pakistani President Pervez Musharraf, addressing 700 tribal delegates at...
GHAZNI, Aug 13 (AFP): South Korean diplomats began new talks with Afghanistan's Taliban militia Monday to free 21 hostages amid fresh hopes two sick captives would be released soon. The fourth day of face-to-face negotiations over the fate of the...
BAGHDAD, Aug 13 (AP): Iraq's most senior Sunni politician issued a desperate appeal Sunday for Arab nations to help stop what he called an "unprecedented genocide campaign" by Shiite militias armed, trained and controlled by Iran. The US military reported...
SRINAGAR, Aug 13 (AFP): Mughlia Begum was just 18 when partition shook the sub-continent on August 14, 1947. In the bloody turmoil, she lost her father Abdul Aziz, who worked in Peshawar as a cook. Unable to reach the Indian...
WASHINGTON, Aug 13 (AFP): Top White House political adviser Karl Rove, who has often been called George W. Bush's "brain" and linked to the most controversial decisions of his presidency, said in an interview published Monday that he will resign...
NEW DELHI, Aug 13 (AFP): Villagers returned home to ruins as flood waters continued to recede Monday but the toll from the annual monsoon flooding across South Asia rose to 2,300, officials said. Tens of thousands are still housed in...
TEHRAN, Aug 13 (AFP): President Mahmoud Ahmadinejad Tuesday embarks on a three-nation tour of Central Asia to attend a major regional summit meeting and bolster Iran's links with neighbouring states. The president will hold talks with his Afghan counterpart Hamid...
BEIJING, Aug 13 (AFP): US nuclear envoy Christopher Hill headed to Beijing Monday as an important week got underway in international efforts to ensure North Korea scraps its atomic weapons programmes. Hill was due to land in the Chinese capital...
JOLO, Philippines, Aug 13 (AFP): The Philippine military launched a new offensive against Muslim militants in the restive south of the country Monday, President Gloria Arroyo announced. Arroyo insisted the offensive was aimed only at militants and that her government...
KUALA LUMPUR, Aug 13 (AP): At least 20 people died when an express bus overturned on Malaysia's main highway Monday, tearing off the vehicle's roof and flinging seats into the air in what officials said was the country's worst traffic...
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