Archive for March 16th, 2008

Bear Stearns may be near the end of a long innings

Sunday, March 16th, 2008

Bear Stearns Co's 85 years as an independent Wall Street firm may be coming to an end as JPMorgan Chase and Co considers buying the crippled company. Teetering on the brink of collapse from a lack of cash, Bear Stearns got emergency ...

Indonesia to renegotiate gas price for Chinese buyers

Sunday, March 16th, 2008

The Indonesian government considers renegotiating gas prices for buyers in China's Fujian Province to adjust with the surging oil prices, local press said Saturday. The Executive Body of the Upstream Oil and Gas Industry (BP Migas) ...

Indonesia raises fuel prices for industrial uses

Sunday, March 16th, 2008

Indonesia's state-run oil and gas firm Pertamina announced Saturday it has increased fuel prices by between 1.1 percent and 4.6 percent for corporate customers effective from the same day. Under the new price list, low-grade gasoli ...

Bangladeshi national airways to purchase 8 airplanes from Boeing

Sunday, March 16th, 2008

The Bangladeshi national airways Biman signed a Memorandum of Understanding (MoU) Saturday for purchase of 8 airplanes from Boeing at a cost of 1.26 billion U.S. dollars. Under the MoU, Biman will buy four Boeing-777-300 ER series a ...

Belgian hostages held by Guatemalan farmers released

Sunday, March 16th, 2008

Guatemalan authorities said four Belgian tourists held as hostages by a group of Guatemalan farmers have been released late Saturday, according to reports from Guatemala City. Source:Xinhua ...

Merkel highlights special ties with Israel ahead of visit

Sunday, March 16th, 2008

German Chancellor Angela Merkel on Saturday spoke of the importance of Germany's special relations with Israel on the eve of her three-day visit to the Jewish state. Aware that the upcoming trip will highlight Germany's respons ...

12 killed, 30 injured in Peruvian bus crash

Sunday, March 16th, 2008

At least 12 people were killed and another 30 injured in a serious bus collision in Peru's northwestern Ancash province, Police said Saturday. Police said the crash happened on the Pan-American Highway when a fully-packed bus tried ...

Federal authorities cracking down on illegal immigrants’ reentry

Sunday, March 16th, 2008

Federal authorities are cracking down on immigrants who were previously deported and then reentered the country illegally, the Los Angeles Times reported Saturday. This kind of reentry makes up more than one-third of all prosecution ...