WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ...
TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...
WASHINGTON - Adding vitamin C to existing tuberculosis drugs regime could shorten the therapy for drug resistant TB, claims new research findings published in the online scientific journal Nature Communications. The striking discovery, by researchers at Albert Einstein College of Medicine of Yeshiva University, has determined that vitamin C kills drug-resistant TB bacteria in laboratory ...
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
Winds: From the NW at 6.0 MPH Gusting to 9.0 MPH
Like the original, Christopher Nolan's remake of Erik Skjoldbjærg's 1997 Norwegian thriller Insomnia is less of a police procedural than it is a morality play. Pitting a seasoned police detective against an intelligent murderer, it moves along familiar lines for roughly half the film before everything becomes suddenly blurred when the detective and the killer join forces. All blacks ... ...
Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...
Shareholder adviser firm ISS paying $300K fine to settle charges of failing to protect clients voting info
WASHINGTON - A prominent firm in the business of advising big shareholders on how to vote in elections for company directors is paying a $300,000 fine to settle federal civil charges of failing to protect clients' confidential voting information.Institutional Shareholder Services agreed to the penalty in a settlement announced Thursday with the Securities and Exchange Commission. Its ...
Nissan is recalling tens of thousands of its Micra cars in the UK after some drivers reported that the steering wheel became loose in their hands.The Japanese firm announced it was calling back 841,000 cars worldwide over the glitch, the company's third major recall in less than a year.In the UK, the recall applies to 133,869 Micras made between December 2002 and May 2006 at the ...
Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Janet I. ...
The north-west of England has the highest number of empty shop units in the UK, and as big retailers leave our town centres, the kind of businesses that thrive in hard times are moving in.Town centres across the region are becoming swamped with payday lenders, pawnbrokers and pound shops. As our high streets become increasingly geared towards making money from people who don't have any, ...
Nothing will ever completely replace playing the game I love, however I feel like I'm starting a new adventure and I'm genuinely excited about what lies ahead. I'm fortunate to have been given many opportunities throughout my career and now I feel it's my time to give back.
The world's best known footballer was speaking after formally announcing his retirement.
Crowne Plaza Hotel, Coogee, Sydney
This 4.5 star hotel is one of our favourites. Overlooking Coogee Beach and just a 15 minute drive from the ...Keep reading
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At least 25 people were killed and 30 got injured after two suicide bomb attacks Thursday at a military base and a plant run by French nuclear giant Areva in northern Niger, reported Xinhua.
A total of 20 Nigerien soldiers and 5 assailants died in twin suicide attacks against a military barracks in Agadez, the main town in northern Niger, and another one at a factory owned by Somair, a subsidiary of the French group Areva in Arlit in the same region.
The attacks were announced Thursday morning by Niger's National Defence Minister Karidjo Mahamadou who issued a press statement.
There were also 30 people - 16 soldiers and 14 civilians - who were injured, a source said.
"At around 5:30 a.m, two groups of individuals armed with explosives on board Toyota 4x4, simultaneously drove into the Agadez military barracks and the factory of Somair mining company in Arlit with a firm determination to carry out attacks," as per the statement from the defence minister.
"These terrorist attacks carried out by the suicide-bombers were contained by our soldiers who, despite the heavy loss, managed to neutralize the assailants some of whom decided to blow themselves up," the minister said in the statement. ...
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