Cheong Wa Dae official resigns over snowballing graft scandal

January 10, 2011 10:02 am· Comments Off on Cheong Wa Dae official resigns over snowballing graft scandal 

SEOUL, Jan. 10 — A presidential official in charge of investigating corruption among his colleagues tendered his resignation amid allegations that he had taken bribes from an arrested businessman at the center of a high-profile graft scandal, a source at the presidential office Cheong Wa Dae said Monday.

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News Analysis: Russia's crucial year

January 10, 2011 10:02 am· Comments Off on News Analysis: Russia's crucial year 

by Zheng Haoning, Xie Rong

MOSCOW, Jan. 10 — For Russia, one of its top priorities in 2011 is to keep economic growth. Meanwhile, political infighting might gather steam ahead of the upcoming parliamentary and presidential elections.

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Economic burdens prompting Koreans to delay marriage

January 10, 2011 10:02 am· Comments Off on Economic burdens prompting Koreans to delay marriage 

By Kim Soo-yeon

SEOUL, Jan. 10 — Han Jun-seok, a 32-year-old office worker, feels laden with worry when his girlfriend asks him when he's going to pop the question.

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Gulf Arab stock markets fickle at the start of the week

January 10, 2011 10:02 am· Comments Off on Gulf Arab stock markets fickle at the start of the week 

DUBAI, Jan. 10 — Only the market in Abu Dhabi posted a gain on Sunday, as oil prices dipped below 90 U.S. dollars per barrel and a fresh euphoria during the first week diminished.

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S. Korea's producer price growth hits 2-year high in Dec.

January 10, 2011 10:02 am· Comments Off on S. Korea's producer price growth hits 2-year high in Dec. 

SEOUL, Jan. 10 — South Korea's produce prices grew at the fastest pace in two years in December on a hike in raw material costs, the central bank said Monday, indicating a build-up in inflationary pressure.

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Seoul shares open lower after rally

January 10, 2011 10:02 am· Comments Off on Seoul shares open lower after rally 

SEOUL, Jan. 10 — South Korean stocks got off to a weak start on Monday as investors took to the sidelines following a rally in the previous session, with an upcoming January rate setting session and the expiry of options adding to their caution, analysts said.

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S. Korean budget carriers post improved results in 2010

January 10, 2011 10:02 am· Comments Off on S. Korean budget carriers post improved results in 2010 

SEOUL, Jan. 10 — South Korea's low-cost airlines showed improved performances last year thanks to a surge in demand for air travel and expanded routes, industry data showed Monday.

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PhilWeb unaudited income for 2010 hits P708 million

January 10, 2011 10:02 am· Comments Off on PhilWeb unaudited income for 2010 hits P708 million 

MANILA, Jan. 10 – PhilWeb Corporation, the country’s first and largest listed online technology firm, said its unaudited net income for 2010 rose by 28 percent to P708 million from previous year's P551 million.

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Tons of trash left by devotees

January 10, 2011 6:39 am· Comments Off on Tons of trash left by devotees 

MANILA, Jan. 9 — The call of Manila Archbishop Gaudencio Cardinal Rosales to keep the Quirino Grandstand, where the Mass for the feast of the Black Nazarene was held on January 9 (Sunday) and its surroundings, has fallen on deaf ears again.

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Human Security Act does not violate Constitution –SC

January 10, 2011 6:39 am· Comments Off on Human Security Act does not violate Constitution –SC 

By Priam F. Nepomuceno

MANILA, Jan. 9 – The Supreme Court (SC) has ruled with finality that the Human Security Act of 2007, also known as Republic Act No. 9372, does not violate the Philippine Constitution.

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