UN: Afghan rebels growing more opium
Miami Herald - Opium cultivation in rebel-controlled areas in southern and southwestern Afghanistan is expected to grow this year, fueling the Taliban insurgency with more drug money, a U.N. report stated Wednesday. The report, by the U.N. Office on Drugs and Crime
Indonesian banks’ 2007 loan growth 25.5 percent vs 22 percent target
Forbes - JAKARTA (Thomson Financial) - Lending by the Indonesian banking industry grew by 25.5 percent in 2007, a faster rate of growth than the central bank’s revised target of 22 percent, Bank Indonesia deputy governor Budi Mulya stated Wednesday. Mulya told
Revelry trumps stumping
Miami Herald - Fat Tuesday and Super Tuesday collided on the streets of the French Quarter, where revelers added a distinctly political flavor to the city’s annual raucous bash. Among the men dressed in pink baby-doll pajamas or leather loincloths and the women
McCain wins Missouri; Obama rallies to beat Clinton
Miami Herald - St. Louis voters helped Barack Obama come from behind to beat Hillary Clinton in Missouri’s Democratic primary, while John McCain edged out Mike Huckabee in a similarly close race to claim one of Super Tuesday’s richest delegate rewards. McCain and
KERVIEL: BLAME SOCGEN
New York Post - The 31-year-old trader amassed 50 billion euros in bets on European stock index futures, the liquidation of which resulted in the biggest trading loss in banking history. “You lose sense of the amounts when you’re involved in this type of work,” the
Euroshares blended in early deals, Postbank rallies, telecoms outperform
Forbes - In the otherwise underperforming banking sector this morning, Deutsche Postbank surged 10.61 pct, fuelled by renewed takeover speculation following a report in Financial Times Deutschland, which stated the bank’s parent company Deutsche Post World Net
Deutsche Bank May Miss Target After Dodging Subprime (Update1)
Bloomberg - The investment banking unit, run by Anshu Jain and Michael Cohrs, might post profit of about 3.03 billion euros in 2008, or 43 percent less than management’s goal, Citigroup analysts including Jeremy Sigee said in a Jan. 8 note to clients.
UPDATE 1-Telecoms firm Thus states on track to hit forecasts
Reuters - Thus provides telecoms and broadband networks to mainly business customers, and has clients ranging from Glasgow City Council to banking giant HSBC. The company also stated that, since its interim results in November, it had acquired new business with
Sources: Suns a ‘yes’ away from acquiring Shaq for Marion
ESPN.com - So if the deal does go through as widely expected now, Phoenix would be banking on the idea that O’Neal will be rejuvenated health-wise and reinvigorated mentally by the prospect of fresh start, after a half-season in which his remaining
A huge decision for Booker T.’s Harris
Miami Herald - T he outsized mania over national signing day — the annual occasion when premier high school football stars turn into young men who might or might not pan out as college players — is reflected Wednesday, when, at 1 p.m. on ESPN, Brandon Harris from
American expats express themselves
Miami Herald - Democrats living overseas became the first to vote in the Super Tuesday primaries, casting ballots at the stroke of midnight in Indonesia, where Sen. Barack Obama lived as a child. The Americans who wanted to vote for Democrats lined up in hotels and
Services sector tanks, market off 370 points
Philadelphia Inquirer - NEW YORK - For the first time in almost five years, the nation’s services sector - including restaurants, travel, banking, construction and retail - contracted in January, stoking rising worries of a recession. A report by the Institute for Supply
Sharif shunning Pakistan election
Baltimore Sun - He’s not banking on this election,” said Zahid Hussain, a journalist and author of Frontline Pakistan: The Struggle with Militant Islam. “He’s trying to create conditions for Musharraf to leave power. That’s his main objective. He feels another
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