Japan's finance minister, seen as a possible candidate to succeed Prime Minister Junichiro Koizumi next year, warned Sunday that a sales tax rise was "unavoidable" as the country seeks to claw back its heavy debt.

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Saudi Arabia's economy will grow 6.8 percent this year and 5.1 percent in 2006, driven by surging oil revenues and increased government and private sector spending, Samba Financial Group said in a quarterly report. Revising

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China unveiled steps on Sunday to loosen capital controls on multinational companies, including letting them lend foreign exchange to overseas subsidiaries, a move that could help relieve upward pressure on the yuan. Under a pilot

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Growing business opportunities in the Middle East have sparked big interest from private investors looking to go into the region, the head of the World Bank's main guarantee agency said on Thursday. In an interview

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Expatriate remittances to Bangladesh rose 17.7 percent to $342.4 million in July from the same month a year ago, central bank officials said on Sunday. Bangladesh Bank officials attributed remittance growth mainly to a strict

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DHL, Deutsche Post's express delivery and logistics arm, expects strong growth in Asia including continued double-digit revenue growth in India in coming years, the head of its Asian business said recently. Scott Price, DHL's chief

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DHL, Deutsche Post's express delivery and logistics arm, expects strong growth in Asia including continued double-digit revenue growth in India in coming years, the head of its Asian business said recently. Scott Price, DHL's chief

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Transport costs in Myanmar skyrocketed this week after the junta raised the official price of fuel eight-fold, sending commuters scrambling onto decaying trains for cheaper rides. In a shock move that stoked fears of massive

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The United States calls it a "black box" but beyond the mystery of the upcoming inaugural East Asia Summit is anxiety over the future direction of the forum in a region where China is stamping

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Germany's Timo Boll won the table tennis World Cup on Sunday with a 4-3 win over China's Wang Hao. Boll, the world number two, won 11-3, 4-11, 11-8, 3-11, 11-13, 11-8, 11-5 against the fourth

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