China Construction Bank Corp., the country's second-largest commercial lender by assets, says first-half profits jumped 71 percent as it avoided the credit crisis that is hammering U.S. and European lenders. The bank warned, however, that it faces a tougher second half as Beijing tightens credit to contain inflation pressures.
Latest News
Business
The Associated Press - 8/22/2008 12:58 PM GMT
The chairman of the Tata Group threatened Friday to move an important auto factory out of India's West Bengal state because of violent farmer protests and strong political opposition, a move that could delay the debut of the world's cheapest car. The pint-sized Nano, priced at US$2,500, was scheduled to go on sale by the end of the year, but if Tata pulls the Nano factory out of West Bengal, the much-anticipated car would almost certainly be delayed. The Associated Press - 8/22/2008 11:26 AM GMT
Asian stock markets mostly fell Friday, with key indexes in Japan, China and South Korea sliding amid a renewed spike in oil prices. Hong Kong's stock exchange was closed due to Typhoon Nuri, but Japanese stocks fell for a fourth day, with the benchmark Nikkei 225 finishing the week down 3.8 percent. On Friday, it fell 86.17 points, or 0.68 percent, to 12,666.04, the lowest since April 1. The Associated Press - 8/22/2008 11:01 AM GMT
Japan decided Friday to end most of its punitive tariffs slapped on South Korea's Hynix Semiconductor Inc., following a similar U.S. decision and orders from the World Trade Organization. Japan will lower its 27.2 percent duty on imports of Hynix dynamic random access memory, or DRAM, chips to 9.1 percent, effective Sept. 1, the deadline set by the international trade body, a Ministry of Finance official said on condition of anonymity, per ministry policy. The Associated Press - 8/22/2008 10:55 AM GMT
Malaysia's government on Friday said it will cut retail gasoline prices 5.6 percent to help curb inflation, which soared to 8.5 percent in July, the highest level in decades. The pump price of gasoline will come down to 2.55 ringgit a liter (US$2.92 a gallon) from 2.70 ringgit (US$3.12 a gallon) from Saturday, Prime Minister Abdullah Ahmad Badawi announced. Diesel price will be reduced to 2.50 ringgit a liter (US$2.89 a gallon) from 2.58 ringgit (US$2.96 a gallon). The Associated Press - 8/22/2008 9:36 AM GMT
Customers in China of Apple Inc.'s iTunes online music store were unable to download songs this week, and an activist group said Beijing was trying to block access to a new Tibet-themed album. In Internet forums, iTunes users complained they had been unable to download music since Monday. That was a day after the Art of Peace Foundation announced the release of "Songs for Tibet," with music by Sting, Alanis Morissette, Garbage and others, and a 15-minute talk by the Dalai Lama, the exiled Tibetan leader. Special Reports
Top Story
Latest Top Story News
In a deafening moment of history, Democrats on Wednesday anointed Barack Obama the first black major-party nominee for president, in a delirious outpouring of unity, hope and tears. Obama took his stunning political rise to new heights as his foe in the primaries, Hillary Clinton dramatically halted a roll-call vote at the party convention , and called for the 47-year-old Illinois senator to be enshrined the nominee.
Agence France-Presse - 8/28/2008 2:13 AM GMT
Latest Entertainment News
US federal police on Wednesday arrested a blogger for posting songs from a yet-to-be released Guns N' Roses album titled "Chinese Democracy" online without the rock band's permission. Kevin Cogill, who uses "Skwerl" as an Internet name, is charged with violating copyright laws by putting nine of the band's unreleased songs on his www.antiquiet.com website for visitors to hear.
Agence France-Presse - 8/28/2008 2:10 AM GMT
Latest Sports News
A rookie policeman was arrested and charged after allegedly toting his gun at a karaoke bar in Quezon City and challenging arresting cops into a fistfight. Police Officer 1 Clifford Bassig, who is assigned with the Calabarzon PNP, was charged with illegal possession of firearm and direct assault against a person of authority.
The Philippine Star - 7/23/2008 12:03 AM GMT
Latest Regional News
A total of 23 teams will see action in the1st Metro Cebu Inter-School Basketball Challenge on August 9 at the newly-constructed Don Bosco Technology Center (DBTC) gymnasium. These are the USC-South and North campuses, USPF, USJ-R Basak campus, Bright Academy of Banilad, St. Scholastica of Lagtang, St. Anthony Learning Ceter of Cansojong, Asian College of Technology of Bulacao, St. Catherine School of Carcar City, Holy Rosary School of Pardo, Sacred Heart School-Jesuit of Canduman and Colegio de la Immaculada Concepcion-Mandaue, Cebu International School of Pit-os, PAREF-Springdale of Guadalupe, CEC, PCGS, St. Paul Learning Center of Bulacao, Immaculate Heart of Mary School and Mary Help of Christian School both of Minglanilla, Colegio del Sto. Niรฑo, and the Don Andres Soriano Memorial School of Lutopan, Toledo City.
The Freeman - 7/23/2008 12:03 AM GMT
Latest Sci-Tech News
NASA confirmed on Wednesday that a computer virus sneaked aboard the International Space Station only to be tossed into quarantine on July 25 by security software. A "worm type" virus was found on laptop computers that astronauts use to send and receive email from the station by relaying messages through a mission control center in Texas, according to NASA spokesman Kelly Humphries.
Agence France-Presse - 8/27/2008 10:22 PM GMT
advertisement
More on MSN
This legendary rock star shows no signs of slowing down with his eighth album, It Is Time For A Love Revolution. Watch him play live in Chicago from his recent album alongside classics including Dig In.
Try Dating & Personals by match.com. Whether it's to meet new people or anything more, with over 8 million members, someone’s sure to catch your eye.
On paths both deeply personal and grandly global, Sheryl Crow returns with Detours (Interscope/A&M Records).