Over 400 homes destroyed by Cyclone Yasi in Australia's north Queensland

February 7, 2011 12:22 pm· Comments Off on Over 400 homes destroyed by Cyclone Yasi in Australia's north Queensland 

BRISBANE, Australia, Feb. 7 — Tropical Cyclone Yasi has made about 410 north Queensland homes in Australia unlivable, the state government revealed its first estimates on Monday.

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Roundup: Gulf Arab markets almost back to normal

February 7, 2011 12:22 pm· Comments Off on Roundup: Gulf Arab markets almost back to normal 

DUBAI, Feb. 7 — One week after Gulf Arab stock markets suffered heavy losses in the wake of the Egyptian crisis, most of them were back on track Sunday.

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Bolivian gov't guarantees stability on fuel prices

February 7, 2011 12:22 pm· Comments Off on Bolivian gov't guarantees stability on fuel prices 

LA PAZ, Feb. 7 — Bolivian Vice President Alvaro Garcia Linera on Sunday said the government will guarantee the fuel price to be stable and rejected the rumors of a possible increase.

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Dollar at lower 82 yen in Tokyo

February 7, 2011 12:22 pm· Comments Off on Dollar at lower 82 yen in Tokyo 

TOKYO, Feb. 7 — The U.S. dollar traded at the lower 82 yen level early Monday in Tokyo.

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S. Korea's foreign reserves hit new high in Jan.

February 7, 2011 12:22 pm· Comments Off on S. Korea's foreign reserves hit new high in Jan. 

SEOUL, Feb. 7 — South Korea's foreign exchange reserves rose to a fresh high in January as a soft U.S. dollar bolstered the conversion value of assets in other currencies, the central bank said Monday.

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S. Korea's regular workers hit record high in 2010

February 7, 2011 12:22 pm· Comments Off on S. Korea's regular workers hit record high in 2010 

SEOUL, Feb. 7 — The number of regular workers in South Korea reached an all-time high last year as businesses increased their number of longer-term workers amid rebounding economic conditions, data showed Monday.

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RCBC reports P4.25B unaudited net income for 2010

February 7, 2011 12:22 pm· Comments Off on RCBC reports P4.25B unaudited net income for 2010 

MANILA, Feb. 7 – The Rizal Commercial Banking Corporation (RCBC) announced it has posted an unaudited net income of P4.25 billion in 2010, up by 28 percent from previous year's P3.33 billion.

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Canadian-based life insurance to expand in Davao City

February 7, 2011 12:22 pm· Comments Off on Canadian-based life insurance to expand in Davao City 

DAVAO CITY, Feb. 5 – A Canadian-based and one of the oldest life insurance companies in the Philippines will open more branches here, considering that Davao City is a growing and a good area for businesses this year.

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Western Visayas eyes domestic and foreign investments

February 7, 2011 12:22 pm· Comments Off on Western Visayas eyes domestic and foreign investments 

ILOILO CITY, Feb. 7 – Western Visayas in the next six years will focus on attracting domestic and foreign investments, according to Capiz Gov. Victor Tanco, the newly appointed chairperson of the Regional Development Council (RDC) for Western Visayas.

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S. Korea's stock market cap returns to US$ 1 Trillion level in 2010

February 7, 2011 12:22 pm· Comments Off on S. Korea's stock market cap returns to US$ 1 Trillion level in 2010 

SEOUL, Feb. 7 — South Korea's stock market capitalization returned to the US$ 1 trillion level for the first time in three years in 2010 as an economic recovery and corporate profit gains led to strong rallies, the bourse operator said Monday.

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