Archive for May 8th, 2008

Old policies, new challenges as Medvedev takes over

Thursday, May 8th, 2008

Dmitry Medvedev was sworn in as Russia's new president Wednesday, succeeding mentor and endorser Vladimir Putin two months after an overwhelming victory in the country's presidential election. Putin's eight-year presidency was chara ...

Burundian army: Some 50 rebels killed in heavy fighting

Thursday, May 8th, 2008

About 50 National Liberation Force(Palipehutu-FNL) rebels were killed in heavy fighting Wednesday, the Burundian army said. The violent clashes, which took place in the Kabezi area on the outskirts of the capital Bujumbura, also lef ...

London stock market opens lower following U.S., Asian markets

Thursday, May 8th, 2008

The London stock market opened lower on Wednesday as the FTSE tracked falls in the United States and Asian markets. By 0814 BST, the FTSE 100 was down 28.6 points at 6,232.4. Carphone Warehouse fell 3.1 percent after it sold a 50 pe ...

Tokyo stocks close lower

Thursday, May 8th, 2008

Tokyo stocks lost more than 1 percent on Thursday. The 225-issue Nikkei Stock Average lost 159.22 points, or 1.13 percent, from Wednesday to 13,943.26. The broader Topix index of all First Section issues on the Tokyo Stock E ...

$50 mln WB grant to assist Nepali peace process

Thursday, May 8th, 2008

The World Bank (WB) on Wednesday announced 50 million U.S. dollars grants to support the peace process in Nepal, local newspaper The Himalayan Times reported on Thursday. To support efforts to consolidate the November 2006 Comprehen ...

S.Korean central bank holds key rate for May

Thursday, May 8th, 2008

South Korea's central bank on Thursday decided to keep its key interest rate unchanged for May to maintain a balance between rising inflation and the slowing economy. Bank of Korea (BOK) Gov. Lee Seong-tae announced the decision aft ...

Vietnam wants closer cooperation with WB

Thursday, May 8th, 2008

Vietnam always hopes for more effective and practical cooperation with the World Bank (WB), especially in infrastructure construction and human resource training, said Vietnamese Prime Minister Nguyen Tan Dung. Dung made the remark ...

Sprint Nextel unveils wireless network venture

Thursday, May 8th, 2008

Sprint Nextel Corp is combining its planned high-speed wireless network with Clearwire Corp, creating a venture with funding from technology and cable companies. Intel Corp, Comcast Corp, Time Warner Cable Inc, Google Inc and Bright Hous ...