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Archive for  August 2004

    • News Desk
    • Aug 1st, 2004
    • Comments Off on Iranian dissident Aghajari set for bail

    Iranian dissident academic Hashem Aghajari was expected to be freed on bail later Saturday after nearly two years behind bars for questioning the Islamic republic's powerful Shiite Muslim clergy. Aghajari's lawyer Saleh Nikbakht told AFP

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Belgian King sees explosion victims, debris cleared

    King Albert II visited victims of the biggest industrial disaster in Belgium's recent history on Saturday as rescue workers cleared debris from the site of a gas explosion that killed at least 15 people. With

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Ahmad Chalabi building new alliances

    Iraqi politician Ahmad Chalabi, the former exile once better connected in Washington's corridors of power than the backstreets of Baghdad, is building new, unexpected alliances. The US administration may have spurned its one-time ally, but

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Vietnam to triple auto output in 2005

    Communist Vietnam aims to triple automobile output in 2005 to 120,000 vehicles from 2003 as part of a government plan to boost the transportation sector. The Southeast Asian country, where only 41,000 vehicles were assembled

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on IMF grants Turkey $661 million, cautions on trade gap

    The International Monetary Fund on Friday praised Turkey's economic performance under a $19 billion loan program, but said the country's current account gap needs to be carefully monitored. The IMF board approved the eighth review

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Truck firms urged to use Iraqi drivers

    Iraq is urging foreign transport companies to employ Iraqis instead of foreign truck drivers in an effort to stem a growing wave of kidnappings, a senior government source said on Saturday. Dozens of foreign drivers

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  • Oracle Corp, the world's second-largest software maker, said on Friday its chairman and one of its directors set up plans to sell company stock as part of their individual long-term asset strategies. Oracle Chairman Jeff

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Japanese automakers cut prices in China

    Japanese automakers have started cutting retail prices of their vehicles in China in line with a recent drop in demand in a market that had expanded vigorously until this year, a Japanese business daily reported

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Citigroup wants 50 percent of profits from overseas

    Citigroup Inc wants its burgeoning international unit to make up half of the world's largest financial company's profits over the next several years, bank officials said late Friday. Citigroup's international bank, which has 76 million

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Corporate Russia faces debt issue downturn

    Corporate Russia is issuing debt at a record pace in 2004 but rising borrowing costs, a short lived banking crisis and a messy dismantling of oil major Yukos are likely to slow the pace of

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