S Korea to take further steps to tackle oil price surge

Wednesday, July 9th, 2008

South Korea will enforce extra energy-saving measures earlier than planned if international crude oil prices surpass 150 U.S. dollars per barrel, Yonhap news agency quoted the Ministry of Strategy and Finance as saying. According to ...

IBK to extend loans for smaller firms from July

Wednesday, July 9th, 2008

The state-invested Industrial Bank of Korea (IBK) said it plans to support smaller firms by extending more loans from late July as they are facing greater pressure under the slowing economic growth, Yonhap news agency reported. "Ami ...

Russian food aid arrives in DPRK

Wednesday, July 9th, 2008

Russia's promised food aid to the Democratic People's Republic of Korea (DPRK) has been shipped to a border city in the DPRK, the official KCNA news agency reported Wednesday. The aid, whose quantity was unspecified in the report, a ...

New Zealand, Australia to attend PIF ministerial meetings in Fiji

Wednesday, July 9th, 2008

The chairman of the Pacific Islands Forum (PIF) has confirmed Australia and New Zealand will be allowed to participate in ministerial meetings in Fiji next week, the Suva-based Pacnews regional news agency reported Wednesday. Tongan ...

Four security men killed in Pakistan’s tribal area

Wednesday, July 9th, 2008

Four security men were killed in northwestern Pakistan's tribal area on Tuesday, local TV channels reported. Some security men patrolling in Khyber Agency were ambushed by unknown gunmen. Resultantly four security men were killed an ...

Senior Arab official warns of oil price hike if Iran attacked

Monday, July 7th, 2008

A senior Arab official warned that oil prices would jump to more than 200 U.S. dollars a barrel if Iran was militarily attacked, the Egyptian state MENA news agency reported on Sunday. Secretary General of the Council of Arab Econom ...

Indian economy to slow after RBI rate hikes

Thursday, June 26th, 2008

India's growth rate will moderate to 7.6 percent during the current fiscal from 9 percent a year ago due to deflationary measures of the central bank, global rating agency Moody's said Wednesday. "Tighter monetary policy settings wi ...

New petrochemical complex inaugurated in Iran

Thursday, June 26th, 2008

A new petrochemical complex was officially inaugurated by Iranian President Mahmoud Ahmadinejad in Iran's western province of Kermanshah on Thursday, the official IRNA news agency reported. The Kermanshah Petrochemical Complex is lo ...