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  • Need more positive signs before scaling back stimulus, says Bernanke Need more positive signs before scaling back stimulus, says Bernanke

    WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ...

  • April sees Japan trade deficit jump to 879.9bn yen April sees Japan trade deficit jump to 879.9bn yen

    TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...

  • Breakthrough research shows Vit C kills drug resistant TB Breakthrough research shows Vit C kills drug resistant TB

    WASHINGTON - Adding vitamin C to existing tuberculosis drugs regime could shorten the therapy for drug resistant TB, claims new research findings published in the online scientific journal Nature Communications. The striking discovery, by researchers at Albert Einstein College of Medicine of Yeshiva University, has determined that vitamin C kills drug-resistant TB bacteria in laboratory ...

  • UK urged by IMF to bring forward high value spending UK urged by IMF to bring forward high value spending

    LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

  • US delegation to urge labour reforms in Bangladesh US delegation to urge labour reforms in Bangladesh

    DHAKA - A high level US delegation led by the State Department's Under Secretary for Political Affairs Wendy Sherman will visit Bangladesh this weekend to press for a major overhaul of labour safety regulations following the nation's deadliest industrial accident, an official said Wednesday. The collapse of a nine-storey factory complex housing several garment units outside the capital last ...


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Movie Review

I Bury the Living [DVD]

I Bury the Living [DVD]

I Bury the Living is a corker of a horror-thriller that draws you in, but ultimately lets you down with an explanatory ending that just doesnt fit. Made quickly on a shoestring budget, it was one of an onslaught of small-scale drive-in flicks that poured out of scrappy independent studios in the 1950s and early 1960s, most of which were immediately forgettable. I Bury the Living< ... ...

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  • Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • Chidambaram says U.S. Federal Reserves statement misunderstood calls for calm

    Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...

  • Stock slump continues on Wall Street

    FILE - In this Thursday, May 2, 2013, file photo, Trader John Liotti works on the floor of the New York Stock Exchange. Japanese stocks plummeted Thursday May 23, 2013 after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. (AP Photo/Richard ...

  • Asian European Stocks Plunge on Weak Chinese Factory Data

    Japan&apos;s Nikkei stock index tumbled 7.3 percent after release of the report showing Chinese factory production dropped in May for the first time in seven months. It was the biggest one-day loss since Japan&apos;s March 2011 tsunami and nuclear disaster. Stocks in London, Paris and Frankfurt followed suit, dropping about 2 percent. U.S. future indexes fell ahead of the opening of ...

  • General Electric considering IPO for finance business - CEO

    is considering spinning off parts of its financial arm, GE Capital, through an initial public offering as part of its plan to reduce the size of the business, Chief Executive Jeffrey Immelt said."The capital markets are very receptive to IPOs," Immelt said at the Electrical Products Group Conference in Florida on Wednesday. "I think you basically have as good a setting as you ...

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