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Citi board locked in talks as shares dive published on Fri, 21 Nov 2008 19:51:55 +0000

Citigroup's board was locked in talks in an attempt to halt a crisis of confidence in the troubled financial services group that has seen it lose more than half its market value in three days

Geithner poised to be Treasury secretary nominee published on Fri, 21 Nov 2008 23:46:58 +0000

Tim Geithner, president of the Federal Reserve Bank of New York, is expected to be nominated as Barack Obama's Treasury secretary, according to Democrats close to the decision

Sonia Gandhi seeks to capitalise on crisis published on Fri, 21 Nov 2008 13:03:04 +0000

Sonia Gandhi, the highly influential president of India's ruling Congress party, launched a vituperative attack on what she called the unchecked greed of bankers and businessmen, recalling the glory days of her mother-in-law Indira Gandhi who enforced nationalisations in the 1970s

Citi man to head KKR in India published on Thu, 20 Nov 2008 18:11:24 +0000

Hiring of Sanjay Nayar marks long-awaited push by one of the biggest private equity groups into Asia's third-largest economy

China to fund just 20% of quake rebuild published on Fri, 21 Nov 2008 17:50:48 +0000

Meeting the estimated Rmb3,000bn cost of rebuilding China after May's earthquake in Sichuan province will largely be down to businesses and state-owned banks

Beijing forecasts grim employment outlook published on Fri, 21 Nov 2008 02:37:42 +0000

China's employment outlook is becoming "grim", say officials, as the global financial crisis triggers fresh factory closures in the export sector

An Inside Look at the ICT Seminar on Imaging published on 21 Nov 2008 21:31 GMT

An Inside Look at the ICT Seminar on Imaging Friday, November 21, 2008 | Professor Martin Goosey, Industrial Director, Innovative Electronics Manufacturing Research Centre (IeMRC), Loughborough ...

EMCORE Deploys First Concentrator Solar Photovoltaic System in China with … published on 21 Nov 2008 21:30 GMT

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Former Taiwan leader interrogated after treatment in hospital published on Fri, 21 Nov 2008 21:56:08 +0800

Former Taiwan leader Chen Shui-bian was interrogated by prosecutors on Friday, a day after being sent back to the Taipei detention center after a hospital stay. It was the first time he was questioned since being detained last Wednesday. Chen is accused of money laundering and misusing a special fund during his eight years in office. His term ended in May. Prosecutors did not brief the media about the interrogation. Chen was in a good condition health-wise, said his defen ...

China launches nationwide crackdown on sex, violence publications published on Fri, 21 Nov 2008 21:54:53 +0800

China is launching a national campaign to crack down on books, videos and websites publicizing sex and violence after teachers and parents voice concerns for children, said China's press watchdog. After a discussion meeting on Thursday, the General Administration of Press and Publication (GAPP) and the National Office of Anti-Pornography and Anti-Illegal Publications agreed to step up supervision over book sellers near schools and on websites. Previously, the groups only patrolle ...

Scindia hopes to beat BJP with 'development' published on Fri, 21 Nov 2008 22:55:00 GMT

A visibly exhausted Jyotiraditya Scindia is half asleep in his black Ford Endeavour as it makes its way back to Gwalior after yet another bone-wracking day of campaigning.

Maya makes BJP nervous published on Fri, 21 Nov 2008 22:54:00 GMT

A sense of anticipation is piercing Delhi's placid poll landscape. Suddenly, with just eight days to go for polling

Mayawati to add jet to her fleet published on

UP CM Mayawati will soon add a new speedy jet aircraft that could fly Behanji non-stop across the length and breadth of the country.

Widows sold as bonded labourers 100 kms from Bangalore published on

Barely 100 kms from the hi-tech city lies a world where widows are treated like cattle, are 'bought and sold' in a custom treated as sacred by a local community.

Cargo traffic dips to 5% in Apr-Oct published on

According to Indian Ports Association, almost all ports have shown a decline in cargo growth. IPA figures show, this year's growth rate in cargo traffic was only 5% in April-October as against last year's 14%.

ICRA gives highest rating to ICICI debt published on

Credit rating agency ICRA said that debt programmes of private sector lender ICICI Bank carry highest credit quality ratings, supported by its standing as the country's second largest bank and sound capitalization position.

Pakistan expels senior Indian diplomat published on

Kaul, visa counsellor at the Indian High Commission in Islamabad, was expelled after being detained and was ordered to leave the country within 48 hours.

Foreign borrowings aplenty for India Inc despite turmoil published on

Indian Inc continues to find favour with overseas lenders, the global financial turmoil notwithstanding. Indian companies borrowed $1 billion overseas in the month of October in the current fiscal.

Adopt uniform definition for policy lapsation: IRDA published on

Domestic life insurers may have to adopt a uniform definition for lapsation of insurance policies to give more leeway to policyholders on premium payments.

FE Editorial : Gee, Mrs G published on

Yes, there are banks that were legends of western private finance that are receiving state help now. Yes, Sonia Gandhi's mother-in-law did nationalise Indian banks and, therefore, created a situation where even today private banks are a small minority in Indian finance.

Coping with the pink-slip phase published on

Pink-slips have come to haunt India Inc as well. After an aborted lay-off attempt at Jet Airways, news of retrenchments in many companies has started trickling in. Industry chambers have warned of imminent massive lay-offs in the face of local credit squeeze and global downturn.

A better built ship weathers a 'perfect storm' published on Fri, 21 Nov 2008 12:10:00 PST

WASHINGTON — It was short-lived, the decoupling. For a few months — from August 2007 to mid-2008 — Latin America thought it might emerge from the global financial crisis relatively unscathed. Even as the subprime cancer spread through the industrialized world, in Latin America things didn't look bad. The decoupling oasis was the result of an accelerated increase in commodity prices. A surge of inflation, triggered by high and increasing international prices of grains and fuels and exacerbated by economic overheating in several countries was the main problem in the decoupling phase.

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Disturbing rise in geriatric crime published on Fri, 21 Nov 2008 12:11:00 PST

Despite frequent headlines reporting heinous crimes, the Justice Ministry's 2008 white paper on crime provides somewhat assuring figures. The number of crimes, excluding traffic-related offenses, declined for five consecutive years. But Japanese society faces a new problem. Crimes committed by elderly people have been rapidly increasing, although they are rarely heinous in nature. The government needs to fully understand why an increasing number of elderly people commit crimes and implement social policy measures that will help reverse this trend. In 2007, the police recognized 1,909,270 crimes, a decrease of about 142,000 or 7 percent from 2006, and took action (mostly arrests) against...

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Arroyo's plane lands in Osaka after husband falls ill published on

To access full stories on Kyodo News English website, it is necessary to subscribe. Please contact Kyodo's International Department in Tokyo via e-mail at kokusai@kyodones.jp or call 03-6252-8301. If you are outside Japan, please contact Kyodo News International in New York at kni@kyodonews.com or call +1-212-508-5440. Currently we offer subscriptions to only corporate clients such as newspapers, magazines, trade publications, research institutes, government and international organizations

Airplane carrying Arroyo's ill husband lands in Osaka published on

Saiki, Hill to meet in U.S. on N. Korean nuclear issue: gov't sources published on

Top Japanese and U.S. envoys to the six-party talks on the North Korean nuclear issue are expected to hold a meeting early next week in Washington, government sources said Wednesday. Akitaka Saiki, director general of the Foreign Ministry's Asia and Oceanian Affairs Bureau, and Christopher Hill, assistant secretary of state for East Asian and Pacific affairs, are likely to meet as arrangements are under way for a session around next Tuesday, they said.

U.S., N. Korea agree on nuclear sampling in next phase: report published on

The United States and North Korea have reached verbal agreement on international inspectors' taking samples from North Korea's nuclear facilities in the next phase of its denuclearization, a South Korean daily reported Wednesday. ''Sample-taking will not take place in the current second phase,'' a diplomatic source told the Kyunghyang Shinmun.

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