IndyMac Bank to reopen on Monday

Monday, July 14th, 2008

IndyMac Bank, the largest bank in California ever to be taken over by regulators, will reopen on Monday as IndyMac Federal Bank, and will be "as safe and sound a bank as any in the country," the bank's new CEO said Sunday. IndyMac, ...

Vietnam to hold more open talks with foreign investors

Monday, July 14th, 2008

The Vietnamese Ministry of Planning and Investment (MPI) is to hold regular open talks with foreign investors to accelerate foreign director investment disbursement, the Vietnam Investment Review reported here Monday. Phan Huu Thang ...

Tokyo stocks open slightly lower

Monday, July 14th, 2008

Tokyo stocks opened slightly lower Monday. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 19.70 points, or 0.15 percent, to 13,019.99 from Friday. The broader Topix index of all First Section iss ...

Arab children’s congress opens with focus on education

Monday, July 14th, 2008

Some 150 youngsters aged 14 to 16 from 20 countries across the Arab world, America, Europe and Asia gathered here to take part in the 28th International Arab Children Congress which kicked off on Monday focusing on education. During ...

Petrobras: planned strike will not affect production

Saturday, July 12th, 2008

Brazil's oil and gas giant Petrobras said Friday that a planned five-day strike by platform workers next week would not affect production. Petrobras had a contingency plan to maintain output but the company's management was open to ...

War epic "Red Cliff" declares opening victory in Asian market

Saturday, July 12th, 2008

"Red Cliff", reportedly Asia's most expensive ever film, gained 27 million yuan (3.91 million U.S. dollars) of box office on its first-day release, setting the highest record among homemade movies. The first of this two-part epic mo ...

Tokyo stocks open lower

Friday, July 11th, 2008

Tokyo stocks opened slightly lower Friday. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average edged down 4.62 points, or 0.04 percent, from Thursday to 13,062.59. The broader Topix index of all First Sect ...

Retailers cash in on rebate checks

Friday, July 11th, 2008

Wal-Mart Stores Inc and Costco Wholesale Corp said June sales rose more than expected as shoppers facing soaring gasoline and food costs used federal tax rebates to buy discounted clothes and groceries. Sales at stores open at least a ye ...