S Korean central bank reaffirms policy focus on inflation

Monday, July 14th, 2008

South Korea's central bank reemphasized Monday that fighting for inflation will continue to be its main concern in the second-half of this year to put out fueling speculation of a rate increase soon. "Of slow growth, rising consumer ...

UN mission trains police officers to protect refugees in Africa

Wednesday, July 9th, 2008

The United Nations peacekeeping mission in Chad and the Central African Republic (CAR) Tuesday began training some 200 police officers tasked with protecting refugees and displaced people in eastern Chad. Police officers with the UN ...

Bus exploded in central Sri Lanka

Monday, July 7th, 2008

A bus was exploded in central Sri Lanka on Monday, officials said. Source:Xinhua ...

Cool, damp air aid firefighters battle wall of flame

Monday, July 7th, 2008

Firefighters on Sunday in Central California used cooler, damper air to their advantage in the ongoing battle against a wall of flame ravaging Santa Barbara County as they tried to gain a foothold before the return of hotter, drier conditio ...

S Korean banks lending rates rise in May

Friday, June 27th, 2008

South Korean banks' lending rates rose for the second consecutive month in May as market interest rates advanced, the South Korea central bank said Thursday. The average lending rates for households and companies reached 6.96 percen ...

Dollar falls after Fed keeps rate unchanged

Thursday, June 26th, 2008

The dollar fell against most major currencies on Wednesday after the U.S. Federal Reserve decided to leave the key interest rate unchanged. The central bank announced that it was keeping the federal funds rate at 2 percent, ending a ...

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 ...

S Korean consumer index drops to over 7 years low in Q2

Wednesday, June 25th, 2008

South Korea's consumer sentiment fell to the lowest mark in more than seven years in the April-June period as consumers gave a negative outlook for the South Korean economy amid soaring inflation, the South Korean central bank said Wednesda ...