International

Crude prices rise on weak U.S. dollar
22/05/2009 05:00
Crude futures rose slightly on Friday as the U.S. dollar dropped against the euro. The greenback fell to a four-month low against the euro on Friday. The 16-nation euro rose to 1.4011 dollars in late New York trading on investors’ concerns on...
Twenty die as Somali gov’t forces launch massive offensive in Mogadishu
22/05/2009 05:00
Nearly 20 people were killed and more than 80 others wounded on Friday after Somali government forces launched an offensive against opposition insurgent fighters who took a number of key positions in last week’s clashes with government forces, officials and...
Former S Korean president found dead
22/05/2009 05:00
Former South Korean President Roh Moo-hyun died of external head injury after falling down a mountain at around local time 09:30 (0030 GMT) Saturday. South Korean President Roh Moo-hyun and his wife Kwon Yang-sook wave before they leave for...
Genes of new flu virus show it’s not so new
22/05/2009 05:00
The most complete analysis yet of the new H1N1 swine flu virus shows it must have been circulating undetected for years, most likely in pigs, researchers said on May 22. They said pigs are clearly a potential source of human pandemics. “The...
OECD sees chance of global recovery by year-end
22/05/2009 05:00
Contraction in world economic output appears to be slowing and a recovery could begin at the end of this year, Organization for Economic Development and Cooperation (OECD) chief Angel Gurria said Friday....
Asia central banks may curb currency gains, HSBC says
22/05/2009 05:00
Asian central banks will temper gains in their currencies and boost foreign-exchange reserves until more convincing signs of a global recovery emerge, according to HSBC Holdings Plc. The Bloomberg-JPMorgan Asia Dollar Index, which tracks the 10...
Singapore’s Temasek defends costly Bank of America exit
22/05/2009 05:00
A woman walks past a sign for Temasek Holdings Pte at the company’s headquarters in Singapore. Singapore’s Temasek defended its money-losing exit from Bank of America, saying the US-centric bank did not fit its...