International

Iran successfully launches missile with 2,000 km range: report
20/05/2009 05:00
Iranian President Mahmoud Ahmadinejad said on Wednesday that the country successfully launched an advanced surface-to-surface missile with a range of about 2,000 km., the official IRNA news agency reported. A video frame grab shows an Iranian...
Dollar falls as recovery hopes reduce safety haven demand
20/05/2009 05:00
The dollar fell against major currencies on Wednesday as hopes for economic recovery reduced safety haven demand for the U.S. currency. According to minutes released on Wednesday, policymakers of the U.S. Federal Reserve (Fed) believed the...
U.S. gov’t to inject $7.5 bln more into GMAC
20/05/2009 05:00
The U.S. Treasury Department is preparing to invest an additional 7.5 billion dollars in GMAC LLC, the Detroit-based auto finance company, in a deal that could allow the U.S. government to hold a majority stake in the company, reports reaching here said...
Oil touches 60 USD as equity market rises
19/05/2009 05:00
Crude futures continued to rise on Tuesday as a rising stock market and weakening dollar helped boost oil market sentiment. Light, sweet crude for June delivery topped 60.48 U.S. dollars a barrel before retreating to settle at 59.65 dollars a...
Toyota sets Japan Prius goal double Hondaâs target
19/05/2009 05:00
Akio Toyoda, the next president of Japanese auto giant Toyota Motor, appears with the third-generation Prius during a press conference in Tokyo Monday Toyota Motor Corp. began Japan sales of a revamped Prius,...
Asian consumers go back to basics in downturn
19/05/2009 05:00
A sales clerk helps a customer at the Samsung Electronics Co. laptop computer booth at an electronics shop in Seoul, South Korea. Forget about bells and whistles. Asians have gone back to basics in the economic...
Recession threatens US progress in child wellbeing
19/05/2009 05:00
Hard economic times are hitting the youngest citizens in the US, threatening to roll back decades worth of gains in health, safety and education, according to a report released Monday. It suggests the country’s most severe recession in a...