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 ...
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 ...
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 ...
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 ...
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 ...
The Verdict [DVD]
It is interesting that Sidney Lumet's grim, but fully engrossing legal drama The Verdict was released theatrically the same weekend in 1982 as Walter Hill's 48 Hrs., an action-comedy that paired Nick Nolte with Eddie Murphy in his first major film role. 48 Hrs. is one of ... ...
BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...
FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...
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 ...
LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...
Microsoft has unveiled its latest video gaming console 'Xbox One' which is believed to transform games, TV and entertainment for the 21st century living room. The latest console reportedly promises a vision of the future. According to a report by the Mirror, 'Xbox One' will allow users to turn on the device with words like "Xbox On", and "snap" will allow users to watch two things at ...
On the record
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.
The world's best known footballer was speaking after formally announcing his retirement.
Stratosphere Casino Hotel & Tower Las Vegas
I booked a lower cost room at $39.95 a night at this landmark hotel at the top end of the ...Keep reading
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Scandal-hit Rajasthan Royals beat Sunrisers Hyderabad by four wickets in the Indian Premier League (IPL) Eliminator here at the Ferozeshah Kotla Wednesday to enter Qualifier 2.
With a small target of 133, Rajasthan Royals had a jittery chase losing wickets at regular intervals but Australian middle-order batsman Brad Hodge (54 not out) made sure that the 2008 champions reached home with four balls to spare.
Sunrisers had scored 132/7 in their 20 overs and in reply the Royals made 135/6 in 19.2 overs.
Rajasthan took off brilliantly with skipper Rahul Dravid (12) hitting three exquisite boundaries to start their chase. However, he edged an Ishant Sharma delivery to backward point in the second over.
Opener Ajinkya Rahane (18) and dependable batsman Shane Watson (24) carried on little by little.
However, a caught and bowled by spinner Amit Mishra and a superb catch on the boundary by Darren Sammy brought an end to Rahane and Watson, respectively.
Royals were put in more than a spot of bother when they lost four wickets in a span of seven runs, putting the brakes on their scoring rate. They went down from 53/1 to 57/5 in four overs.
Nevertheless, Sanju Samson (10) and Hodge, who hit five huge sixes and two boundaries, steadied the ship with a 45-run sixth wicket partnership. ...
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