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  • Japanese banks should cut their stock holdings, regulator says

    08/08/2009 05:00

    Japanese banks should use a state-backed share purchase program to reduce stock holdings that caused US$10 billion of losses at the nation’s three biggest lenders last year, the country’s top financial regulator said. “A bank’s...

  • Buffett’s Berkshire returns to profit on derivatives

    08/08/2009 05:00

    Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. returned to profitability in the second quarter on gains in derivatives tied to world equity markets. Net income rose 14 percent to US$3.3 billion, or $2,123 a share, from $2.88...

  • Singapore says economy stronger after shrinking 6.5 pct

    Singapore says economy stronger after shrinking 6.5 pct

    08/08/2009 05:00

    Shoppers browse through a display of discounted shoes at a shopping mall in Singapore. Singapore’s economy is recovering after contracting 6.5 percent in the first half of 2009 from a year earlier, Prime...

  • Auto inventories depleted by US ‘cash for clunkers’ discounts

    Auto inventories depleted by US ‘cash for clunkers’ discounts

    07/08/2009 05:00

    A salesman works in front of a sign promoting the government’s “cash for clunkers” program Auto shoppers may not find their preferred colors or accessories when they visit US showrooms this weekend as the...

  • U.S. A/H1N1 flu deaths reach 436, hospitalizations over 6,500

    U.S. A/H1N1 flu deaths reach 436, hospitalizations over 6,500

    07/08/2009 05:00

    The A/H1N1 flu death toll in the United State has reached 436 with hospitalizations of 6,506, according to the latest statistics released by the federal Centersfro Disease Control and Prevention (CDC) in Atlanta on Friday. A nurse from the...

  • U.S. unemployment rate falls to 9.4% in July

    U.S. unemployment rate falls to 9.4% in July

    07/08/2009 05:00

    The pace of job losses in the United States narrowed in July to 247,000 and the jobless rate fell unexpectedly to 9.4 percent, the Labor Department reported Friday. U.S. President Barack Obama speaks about the economy in the Rose Garden of the...

  • Pakistan Taliban chief’s deputy denies Mehsud’s death

    Pakistan Taliban chief’s deputy denies Mehsud’s death

    07/08/2009 05:00

    Pakistan Taliban chief Baitullah Mehsud is still commanding the banned Tehrik-e-Taliban Pakistan (TTP) and his recorded message will be public in two days, said Baitullah’s deputy Hakmiullah Mehsud as denying the chief’s death, local TV channels reported...

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