Asia Bulletin
AsiaBulletin.com Monday 7th July 2008 Edition 189/2008
Front Page Breaking Business News
US elderly in trouble over fuel prices


Add to My Yahoo!
The elderly in the US are finding the going tough because of prices at the fuel...


Airbus may have new partners
The company which makes Airbus, EADS, was close to finalising two deals prior to the...


Chinese commercial bank receives good report
One of China’s medium-sized commercial banks, CITIC, has estimated its net profit in the first half of this year rose by more than 150 percent from a year...


Oil companies begin drilling off Florida
Oil companies, which once would not even consider drilling off Florida, are now in southern US...


Nicolas Sarkozy questions interest rate hike
French President Nicolas Sarkozy has asked questions about the European Central Bank's decision to hike interest rates by a quarter point to 4.25...


Ferrari intends introducing green engine
Sporty car manufacturer Ferrari, has said it will cut greenhouse gas emissions from its...


Travellers miss out on the US
A boom in international travel around the world has not included the United States....


Internet addresses go missing
The nonprofit agency in charge of the Internet's addresses recently lost track of its own address....


Expansion of Dubai restaurants into Pakistan
Jumeirah Group of Dubai has signed an agreement with Pakistan's Zahdan Retail Private for the expansion of a hotel/restaurant business in...


Indian tourists outweigh US visitors to London
The number of Indian tourists visiting Britain has grown by 170 percent since...


50,000 in South Korea protest against U.S. beef imports
South Korean police estimate 50,000 people turned out in Seoul Saturday in the latest protest against the resumption of U.S. beef...


Marseille bids to be hub of new Mediterranean union
Some 40 heads of state from the Middle East, North Africa and Europe gather in Paris next Sunday to launch a new agreement aimed at reinforcing cooperation between the European Union and non-European nations bordering the Mediterranean....


Bush in Japan for G8 summit
U.S. President George Bush is traveling to Japan for a summit of leaders from the world's eight leading industrialized nations, known as the Group of...


Mandelson raps Sarkozy over trade
Peter Mandelson has stepped up his row with French president Nicolas Sarkozy, attacking "protectionist politicians" for putting world trade talks at risk. The next round of talks should focus on...


Investing in choppy mkts
What should investor A and investor B do in this choppy market? If investor A has balanced his investments across different asset classes such as equity or equity funds, fixed deposits or...


First DC Universe Online Art Unveiled
MMO have emerged courtesy of the game's MySpace page. Unfortunately, this batch of pictures tells us very little about the game itself, but at least we get to see the first of the game's heroes: The...


City, county to pay $30M in incentives
DURHAM -- The city and county of Durham expect to pay some $30 million in cash to private companies by the time economic incentive deals now on the books are completed. Officials believe that the...


FDA reports more cases of salmonella illnesses
The government on Saturday increased the number of people reported being sickened in a record salmonella outbreak in which tomatoes are the leading suspect although investigators are testing other...


Bush, Fukuda lay out goals for G-8 summit in Japan
Global challenges like soaring oil prices and the Earth's rising temperature await President Bush at a summit of top industrialized nations, but first he set out to soothe emotions on a sensitive...


Hyundai cuts, Kia lifts domestic sales target
SEOUL (Reuters) - Hyundai Motor Co 005480.KS, South Korea's top auto maker, said on Sunday it had cut its local sales target for this year by 6 percent as record-breaking oil prices are hitting...


Decorative art attracts maximum buyers
An 'investment artist' is a popular phrase, coined by art dealers and galleries, to attract prospective clients to invest in art. What new buyers and investors need to understand is that not all...


NSA Spying Judge Defends Rule of Law, Congress Set to Strip His Power
Just days before the Senate will convene to give a final blessing to President Bush's secret, warrantless wiretapping program, a federal court judge ruled that his legal justification for the...


Salmonella puts tomato farmers in red
WASHINGTON – The government on Saturday increased the number of people reported being sickened in a record salmonella outbreak in which tomatoes are the leading suspect although investigators...


Challenges abound for Bush at last economic summit
WASHINGTON – The problems do not get any easier as President Bush attends his final summit with leaders of industrialized democracies. Disputes over global warming, worries about soaring oil...


Foreclosures to rise whoever wins White House
Obama supports a broader role for government than does McCain. Both envision the Federal Housing Administration providing new, cheaper mortgages to distressed homeowners who otherwise would have...


Employers use federal law to deny benefits
But Spherion Corp., the temporary staffing company where Amschwand worked, told Amschwand-Bellinger she would not receive any of the $426,000 in benefits she believed she was due. When she went to...


U.S. share of foreign tourists slips
LAS VEGAS – Despite the weak U.S. dollar, a boom in international travel around the world hasn't translated into an explosion of foreign tourists to the United States. Explanations range...


Smooth sailing for yacht builders despite economy
“There are a lot of people with new wealth looking for relaxation and enjoyment,” said John Dane III, president of privately owned Trinity Yachts, the largest U.S. builder. These days,...


Sex Toy Shopping Should Be Fun
Sometimes I need to slow down and remember what it's like to walk into an adult store and see what's actually on the shelves for general consumers. I get so immersed in the up-and-coming technologies...


BP sues Russian partners in TNK-BP
Stock Buzz ) said on Saturday it is suing its partners in the Russian venture TNK-BP TNBPI.RTS in London for 8.4 billion roubles ($357.3 million), money it believes should not have been paid out as...


No same day flights
NEW DELHI: Here's another casualty of soaring oil prices and inflation: Fy-in and fly-out same day is fast fading across India Inc. Till recently, many executives didn't remember the last domestic...


Jaane Tu... Ya Jaane Na clicks
MUMBAI: Aamir Khan's Jaane Tu... Ya Jaane Na has won the first round of its much-awaited battle with Harry Baweja's Love Story 2050. The simple college-bound love story, featuring newcomer Imraan...


A mixed showing in world stock markets
European markets fell and Asian markets were mixed Friday as investors digested uneven readings on the U.S. economy and oil prices that remained near records. Japan posted its 12th straight day of...


Corporate earnings on track for fourth straight quarterly drop
The profits of large U.S. companies are poised for their fourth straight year-over-year drop, with the housing market collapse and high energy prices accounting for much of the second quarter's...


Led Zeppelin Uncomfortable Lending Music to Rhythm Games
@roc* The "go play a real guitar" schtick is tired. I play guitar, but I prefer to play Rock Band and Guitar Hero. Why? Because when I have friends over or want to play some "music" with the kids, I...


Making Water From Thin Air
A company that developed technology capable of creating water out of thin air nearly anywhere in the world is now under contract to nourish U.S. soldiers serving in Iraq. The water-harvesting...


Investors should consider their options after Wall Street
After a bloody first six months of the year, some investors who had been holding out for a resurgent second half are now wondering what to hope for.With the Dow Jones industrial average losing 14.5...


Kerry Gerontianos Selected As Microsoft Digital Worldwide Partner Conference USA Spokesperson
Microsoft Eager To Spread IDC Report Findings That Partner-to-Partner Global Activity Accounts For A $6.7 Billion International Association of Microsoft Certified Partners (IAMCP) Eco-System....


Fresh Market adds upscale grocery option
The competition for your grocery-shopping dollar will have a fresh new option on July 16. The Fresh Market, a 2,400-square-foot upscale grocery, will open in Glenwood Square Shopping Center nearly a...


Canadian telecom BCE, suitor agree on terms
BCE Inc, Canada's largest telecommunications company, said Friday it has agreed on terms of a $35 billion sale to a group led by the Ontario Teachers' Pension Plan in the biggest leveraged buyout...


2 supervisors at raided meatpacking plant arrested
Two supervisors at an Iowa meatpacking plant that was raided by federal immigration agents in May were arrested and charged with encouraging people to live in the United States...


SocGen fined over trading scandal
France's central bank announced Friday that it has fined Societe Generale $6.3 million for "serious shortcomings" in its internal controls that led to nearly $7.8 billion in trading losses...


9 convicted in Austria fraud case
Nine people, including a prominent executive who fled to France in an attempt to elude justice, were convicted Friday of criminal charges in a major Austrian bank fraud case linked to the 2005...


EU widens Billiton-Rio Tinto probe
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher...


Caloric Restriction Comes in a Pill
, mice given resveratrol -- the first of an eagerly-anticipated class of longevity drugs -- enjoyed dramatically improved health, even when they started taking the drug late in life. Resveratrol...


Hyundai union calls for work stoppage next week
The latest labor action follows a two-hour walk off on Wednesday by unionized employees at Hyundai Motor and other South Korean car makers, in a move aimed at having the government scrap a U.S. beef...


Most actively traded companies on Canadian stock markets
The Canadian Press July 4, 2008 - 6:30 p.m. TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (down 133.18...


As gas prices rise, LIE traffic declines
Long Island Expressway has dropped to unprecedented low levels for this time of year, state officials said yesterday, citing the rising cost of fuel. The state Department of Transportation...


Microsoft weighs Xbox 360 price cut
MUMBAI: Microsoft may consider cutting the price of its gaming console Xbox 360 in India after price cuts in Australia and New Zealand. The software giant slashed prices of all console models by...


China worried over foreign funds inflow
BEIJING: China's foreign exchange administrators are worried about the sudden increase in the foreign inflows that cannot be explained in terms of trade surplus, equity investments or foreign...