Brazilian industry revises down growth forecast for 2008

Monday, July 14th, 2008

Brazil's national federation of industry has lowered its forecast for the country's economic growth this year from 5.0 percent to 4.7 percent, local media reported Sunday. Due to surging food prices around the world, Brazil's inflat ...

No-confidence motion rejected in Malaysian parliament

Monday, July 14th, 2008

Malaysia's lower house speaker Pandikar Amin Mulia Monday rejected an emergency motion of no-confidence filed by the opposition against Prime Minister Abdullah Ahmad Badawi and his Cabinet, local media reported. Pandikar Amin said t ...

Russia, China veto U.S.-drafted resolution on Zimbabwe

Saturday, July 12th, 2008

Russia and China vetoed a U.S.-drafted resolution in the UN Security Council on Friday that would impose sanctions on Zimbabwe over the country's presidential run-off election in late June. South Africa, which is mediating Zimbabwe' ...

Two Germans abducted in E Nigeria

Saturday, July 12th, 2008

Two German workers were kidnapped Friday in Port Harcourt in Rivers State in southeast Nigeria, according to local media's report. The incident happened on Friday morning, according to the report, and the full circumstances of the ...

Indian company buys Hollywood firm

Saturday, July 12th, 2008

Valuable group, a privately held media house of India, has acquired Hollywood-based media company MovieBeam, the first acquisition of a Hollywood media company by an Indian firm, Valuable group said here on Friday. MovieBeam special ...

Ukrainian company says it owes $897 mln to gas intermediary

Wednesday, July 9th, 2008

Ukraine's state oil and gas company Naftogaz said on Tuesday it owes the gas trade intermediary RosUkrEnergo, 50 percent owned by Russian energy firm Gazprom, 897million U.S. dollars. "As of July 1 this year, the debt of Naftogaz to ...

Canon to build new camera factory in Nagasaki, Japan

Monday, July 7th, 2008

Canon, the world's largest maker of digital cameras, plans to build a new plant to keep up with demand of global market, according to media report on Monday. The new plant will be built in Nagasaki on Japan's southern island of Kyus ...

NBC Universal, private firms buy Weather Channel for $3.5b

Monday, July 7th, 2008

NBC Universal and two private equity firms Bain Capital and Blackstone Group clinched a deal on Sunday to buy the Weather Channel from Landmark Communications Inc., according to media report. Though the financial terms were not disc ...