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  • AP: Austrian government agency says Austrian Airlines to be sold to Lufthansa.
  • A powerful explosion has struck a CD shop near a hotel in Dera Ismail Khan, Pakistan; at least several injured - local TV reports.
  • CASUALTIES REPORTED AFTER "POWERFUL" EXPLOSION ROCKS NEAR SHOPS, HOTEL IN D.I. KHAN, PAKISTAN. DETAILS SOON.
  • Charges filed against NASA contractor for hiding damage that could have resulted in a space shuttle crash: http://bnonews.com/news/13.html
  • PROSECUTERS FILE CHARGES AGAINST NASA CONTRACTOR FOR COVERING UP DAMAGE WHICH COULD HAVE CAUSED A SPACE SHUTTLE CRASH. DETAILS SOON.
via @BreakingNewsOn

Inflation dips to 8.98 percent

November 13th, 2008 - 2:36 pm ICT by ANI -
New Delhi, Nov 13 (ANI): Decline in the prices of fuel and manufactured goods has led to the fall in the wholesale price index rate to 8.98 per cent for the ...

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US stocks surge as oil price falls below $70

October 17th, 2008 - 7:34 am ICT by IANS -
New York, Oct 17 (DPA) US stocks surged Thursday after a steep dive a day earlier amid ongoing fears of a global recession.The blue-chip Dow Jones Industrial Average gained 401.35 points, or ...

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Inflation to be brought down to single digit: Ahluwalia

September 24th, 2008 - 1:21 am ICT by IANS -
On Board Air India One, Sep 23 (IANS) Planning Commission Deputy Chairman Montek Singh Ahluwalia Tuesday said the government was expecting to bring down inflation to single digit level before the end ...

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China’s trade surplus jumps 15 percent

September 10th, 2008 - 2:54 pm ICT by IANS -
Beijing, Sep 10 (Xinhua) China's trade surplus rose for the second month in August, up 14.9 percent to $28.69 billion from a year earlier. Exports last month gained 21.1 percent to $134.87 ...

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Pakistan’s inflation at 24 percent

August 13th, 2008 - 3:19 pm ICT by IANS -
Islamabad, Aug 13 (IANS) Pakistan's inflation soared to 24.33 percent in the first month of fiscal 2008-09 that began July 1, reveals data released by the Federal Bureau of Statistics (FBS). This ...

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Rising inflation affecting lives in Pakistan

July 19th, 2008 - 2:32 pm ICT by IANS -
Muhammad Najeeb Islamabad, July 19 (IANS) Unprecedented inflation in Pakistan has hit common people very hard with petrol having risen by 46 percent in the last three months, food items by 30-50 percent ...

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US central bank chief warns of continued inflation threat

July 17th, 2008 - 7:28 am ICT by IANS -
DPA Washington, July 17 (DPA) In a second day of Congressional testimony, US central bank chief Ben Bernanke warned Wednesday that inflation could continue to threaten the economy, while government figures showed rocketing ...

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US Fed chief warns of continued inflation

July 17th, 2008 - 1:28 am ICT by IANS -
DPA Washington, July 16 (DPA) US central bank chief Ben Bernanke warned Wednesday that inflation could continue to increase in the near term, as government figures showed rocketing petrol prices had pushed inflation ...

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5 per cent increase in Dearness Allowance of PSU employees

July 16th, 2008 - 9:25 pm ICT by ANI -
New Delhi, July 16 (ANI): The government has increased the Dearness Allowance for employees of the Central Public Sector Enterprises (CPSEs) by five per cent. The CSPE employees, pursuant to a ...

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China’s economy set to cool, official index indicates

July 1st, 2008 - 10:45 pm ICT by IANS -
Xinhua Beijing, July 1 (Xinhua) China's economy had been slowed to expand at a more desirable and moderate rate for the five months till May, the national statistics agency said Tuesday citing an ...

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UPA government is in ICU: Joshi

June 24th, 2008 - 5:47 pm ICT by IANS -
Varanasi, June 24 (IANS) The United Progressive Alliance (UPA) government was "in an intensive care unit breathing its last", Senior Bharatiya Janata Party (BJP) leader Murli Manohar Joshi said Tuesday. "UPA's failure ...

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UPA government is in ICU: Joshi

June 24th, 2008 - 5:47 pm ICT by IANS -
Varanasi, June 24 (IANS) The United Progressive Alliance (UPA) government was "in an intensive care unit breathing its last", Senior Bharatiya Janata Party (BJP) leader Murli Manohar Joshi said Tuesday. "UPA's failure ...

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Britain’s inflation goes up as food and fuel prices rise

June 17th, 2008 - 10:15 pm ICT by IANS -
DPA London, June 17 (DPA) Rising fuel and food prices pushed inflation in Britain above 3 percent in May, to its highest level since the current inflation measure was introduced more than a ...

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Inflation in UAE touched 11.1 percent in 2007

June 17th, 2008 - 10:07 pm ICT by IANS -
Abu Dhabi, June 17 (IANS) The rate of inflation in the United Arab Emirates (UAE), home to around 1.5 million expatriate Indians, touched 11.1 percent in 2007, UAE's Minister for Economy Sultan ...

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China’s growth to slow to 10.4 percent this year: report

June 17th, 2008 - 7:36 am ICT by IANS -
Xinhua Beijing, June 16 (Xinhua) China's economy will grow at a slower rate of 10.4 percent in 2008 because of lower external demands and tightening of domestic policy, a report said Monday. The ...

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Chinese stocks fall to 15-month low on unsettled market sentiment

June 13th, 2008 - 5:09 pm ICT by IANS -
Xinhua Beijing, June 13 (Xinhua) Chinese stocks continued thier downward spiral Friday with the main index falling to a 15-month low as investors were still nervous about the inflationary pressure and tightening policy. ...

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Chinese shares keep sliding

June 12th, 2008 - 4:31 pm ICT by IANS -
Xinhua Beijing, June 12 (Xinhua) Chinese shares continued to move downward Thursday, with the benchmark index slumping 2.21 percent to below-3,000 points, despite official report that the inflation rate was dropping. As the ...

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Pakistan economy worst off in five years: central bank

Pakistan economy worst off in five years: central bank

May 31st, 2008 - 8:57 pm ICT by admin -
DPA Karachi, May 31 (DPA) Pakistan's economic growth hit its slowest pace in five years at below six percent due to deteriorating domestic and international developments, the central bank said Saturday. "Real GDP ...

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US stocks rise on inflation data

May 15th, 2008 - 5:49 am ICT by admin -
DPA New York, May 15 (DPA) US stocks rallied Wednesday after government data showed consumer prices had risen less than expected. Prices for US consumer goods rose at a seasonally adjusted rate of ...

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Quake won’t have major impact on China’s economy: Experts

May 13th, 2008 - 7:40 pm ICT by admin -
Xinhua Beijing, May 13 (Xinhua) The quake that shook the earth in southwest China and left a trail of devastation, killing more than 12,000 people, is not likely to have a major impact ...

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China’s inflation eases, but target still elusive

May 4th, 2008 - 3:41 pm ICT by admin -
Xinhua Beijing, May 4 (Xinhua) Inflationary pressure in China continues to ease, thanks to falling farm prices, but the target of containing inflation to 4.8 percent looks elusive, market analysts said Sunday. The ...

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China’s growth slows down to 10.6 percent

April 16th, 2008 - 5:10 pm ICT by admin -
Xinhua Beijing, April 16 (Xinhua) China's growth rate slowed down marginally to 10.6 percent in the first quarter, compared to 11.7 percent in the same period last year, the government said Wednesday. China ...

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China index sinks 5.6 percent on Wall Street sell-off

April 14th, 2008 - 4:39 pm ICT by admin -
Xinhua Beijing, April 14 (Xinhua) China's benchmark stock index plunged 5.62 percent Monday, the biggest one-day loss since late January, as sell-offs on Wall Street and regional markets further undermined investor confidence. As ...

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Half of Pakistan population at the risk of food insecurity, warns WFP

Half of Pakistan population at the risk of food insecurity, warns WFP

April 5th, 2008 - 2:32 pm ICT by admin -
Islamabad, Apr 5 (ANI): The World Food Programme (WFP) has cautioned that nearly half of Pakistans 160 million population was at the risk of food insecurity due to a surge in ...

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China to continue with tight monetary policy

March 31st, 2008 - 8:21 pm ICT by admin -
Xinhua Beijing, March 31 (Xinhua) China's central bank said Monday it would continue with tight monetary policy to adjust to changes in the domestic and world economies. The People's Bank of China (PBOC) ...

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Japan’s inflation rises fastest in 10 years

March 28th, 2008 - 12:54 pm ICT by admin -
DPA Tokyo, March 28 (DPA) Japan's core consumer price index (CPI) rose at its fastest pace in more than 10 years in February due to high oil and food prices, the government said ...

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Delhi budget gets assembly nod

March 27th, 2008 - 10:58 pm ICT by admin -
New Delhi, March 27 (IANS) The Delhi assembly Thursday approved with voice vote the city government's Rs.202-billon budget for 2008-09. Finance Minister A.K. Walia presented the budget Monday. Earlier, replying to the ...

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Delhi’s outstanding debt over Rs.255 bn

March 25th, 2008 - 3:09 pm ICT by admin -
New Delhi, March 25 (IANS) Delhi has an outstanding debt of over Rs.255 billion as on March 2007, Finance Minister A.K. Walia admitted in his budget details for 2008-09. According to Walia, ...

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Declining exports to slow China’s GDP growth

March 24th, 2008 - 4:42 pm ICT by admin -
Xinhua Beijing, March 24 (Xinhua) Declining exports in the wake of the US credit crunch is likely to pull China's gross domestic product (GDP) growth down to 10.5 percent this year, a study ...

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China raises bank reserve ratio to combat inflation

March 18th, 2008 - 9:44 pm ICT by admin -
Xinhua Beijing, March 18 (Xinhua) Hours after Prime Minister Wen Jiabao said his government would take steps to control soaring inflation, China's central bank Tuesday raised the deposit reserve ratio of commercial banks ...

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