Archive for August 2004
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Venezuela's government expects inflation to slow to around 15 to 18 percent next year as the country's oil-rich economy rebounds from two years of sharp recession and political conflict, the finance minister said. The world's
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The Philippine economy grew a stronger-than-expected 6.2 percent in the year through the second quarter of 2004, the government said on Monday, as brisk exports and consumption helped offset weaker farm output. But quarterly growth
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An illegal strike in the world's largest diamond producer Botswana entered a second week Monday with the union saying that miners who had opted to stay on the job were overworked, resulting in two deaths.
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China has opened its pay television and cartoon sectors to foreign investment, a newspaper said on Monday, in another sign the Communist country is loosening the locks on its tightly controlled media industry. But foreign
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Ciber Inc, a US technology consulting company, said on Monday it agreed to buy a 67 percent stake in Novasoft AG from the German consultant's founders, entering the German marketplace for the first time. Ciber
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Asia's banking and insurance sectors will see an increase in cross-border mergers and acquisitions, with Japan likely to be the hottest market, a senior executive at UBS AG said on Monday. The Swiss-based group, the
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Kuwait National Petroleum Co (KNPC) is studying a project to increase the Gulf Arab state's refining capacity by more than 30 percent to about 1.23 million barrels per day by 2010, a top KNPC official
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Yasuo Takei, founder of Japan's top consumer finance firm and the country's second-richest man, has defied the odds before. But he is in a tight spot now. It took Takei, 74, more than three decades
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Russia will send Deputy Energy Minister Andrei Reus as an observer to the September 15 meeting of the Organisation of the Petroleum Exporting Countries (Opec), the energy ministry said on Monday. The ministry said in
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India's top commercial bank, State Bank of India (SBI), hiked its fixed rates for home loans on Monday in what analysts saw as an indication other interest rates in Asia's fourth-largest economy are headed higher.
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