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President pardons Hyundai s boss

KOREA, August 12 – South Korea\’s president has pardoned the Hyundai Motor boss Chung Mong-koo who was found guilty of breach of trust and...

August 12, 2008

World

UBS in revamp as losses rack up

LONDON, August 12 – UBS has said it will reorganise itself into three units, after announcing another set of sub-prime losses. The Swiss banking...

August 12, 2008

World

China says inflation at 6.3 percent

BEIJING, August 12 – China\’s inflation rate eased for the third consecutive month in July, giving the government more leeway to pursue policies to...

August 12, 2008

World

Euro languishes against dollar

TOKYO, August 12 – The euro languished at six-month lows against the dollar in Asian trade on Tuesday as traders continued to focus on...

August 12, 2008
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