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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
Movie Review
Land of the Lost
Early in Land of the Lost, Brad Silberlings big-screen comedic take on the low-budget 70s Saturday morning TV series, Danny McBrides Will Stanton, the trailer-park proprietor of a run-down desert funhouse ride, is giving his tour to a scientist named Dr. Rick Marshall (Will ... ...
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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 ...
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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 ...
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Dental supplier Patterson Cos. meets 4th qtr expectations
Patterson Companies of St. Paul, which makes medical supplies for dentists and veterinarians, met Wall Street earnings expectations for the fourth quarter and the ...
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H7N9 flu virus may be able to spread among people
Working with ferrets, the model for human transmission, the study found the potentially dangerous virus was transmitted by direct contact, but not efficiently through the air. Analyzing the viral gene sequence showed that the virus might have undergone mutations making it more easily transmissible in ...
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Late property tax notices to go out
The county will start to mail out more than 42,000 notices to taxpayers who have failed to pay their property taxes, said the San Diego County treasurer-tax collector's office on Thursday. The amount in unpaid taxes and late fees totals $94.1 ...
Making headlines
Nothing will ever completely replace playing the game I love, however I feel like I'm starting a new adventure and I'm genuinely excited about what lies ahead. I'm fortunate to have been given many opportunities throughout my career and now I feel it's my time to give back.
David Beckham
The world's best known footballer was speaking after formally announcing his retirement.
Hotel Review
Stamford Sydney Airport, Australia
The Stamford is the most imposing, and the highest rating of the Sydney Airport hotels. Neighbouring the domestic terminals are ...
Keep readingNews Survey
Do you take the threat of North Korea seriously?
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