Sallam

I’m going to quit this for a while. Maybe later; I’m just too tired and disgusted for now.
Peace. 

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Tags: News

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political scotch-isms

i prefer scotch straight or on the rocks,the spirit that makes and breaks deadlocks.for nations are by political men,gathered over scotch in the den.talking israel, iraq, east bloc or indo-pak.
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Tags: Indopak

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After first set of China QDII banks, there are more on cards

After announcing the first batch of qualified  domestic institutional investor (QDII) banks on June 30, the Chairman of the China Banking Regulatory Commission (CBRC) has indicated that the second batch too will be announced soon.
On June 30, the CBRC announced the first batch of four mainland banks and two overseas banks qualified to invest domestic [...]

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South Korean central bank revises economic forecasts; economists don’t share the optimism

The South Korean Central Bank in its half-yearly economic outlook has cut the inflation and growth forecast. While a stronger won and declining food costs would help curtail price increases, higher oil prices could slow economic growth in the second half, according to the central bank.
Consumer prices forecast for 2006 has been revised 2.6 per [...]

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Iran and Thailand join hands for LNG

Iran announced that it has signed a deal with Thailand for exporting liquefied natural gas (LNG).
Iran’s oil ministry revealed that an agreement to sell LNG to Thailand was signed between Pars LNG Company, and Thailand’s PTT Exploration and Production Public Company Ltd (PTTEP). Pars is affiliated with the National Iranian Oil Co, while PTTEP is [...]

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Islamic bonds to be offered in Malaysian currency

The Islamic Development Bank is aiming at a USD 271 million offer of Islamic bonds for the first time in Malaysian currency, the Ringgit. The bank is a Saudi Arabian organization set up by 56 nations to lend to Muslim communities. The Islamic Development Bank says that the proceeds from this debt offering could be [...]

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Japan’s spending cap to be lowest in nine years

Japan’s Cabinet has approved a plan that will limit general spending in an attempt to reduce its public debt. The spending this year will be the lowest in nine years. The Japanese government announced that general spending would be restricted to around USD 400 billion (46.8 trillion yen) in the year beginning April 1, which [...]

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China’s economy grows at a rate worrying for experts

Increased activity has spurred the Chinese economy to grow 11.3 per cent in the second quarter. This is the fastest it has grown in more than a decade.
Spending on factories and real estate picked up pace in June, helping the gross domestic product to surpass all economic forecasts. Fixed-asset investment in China’s towns and cities [...]

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High inflation in Sri Lanka triggers hike in key rates

In a bid to check rising inflation, Sri Lanka’s central bank raised the Repo rate by 0.125 per cent to 9.125 per cent and the Reverse Repo rate to 10.625 per cent from 10.50 per cent. Repo rate is the rate at which the central bank drains money from the banking system, and Reverse Repo [...]

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China’s biggest home appliance retailer acquires rival

Gome Electrical Appliances Holding Ltd, the biggest home appliance retailer of China has sealed a deal to acquire its rival China Paradise Electronics Retail Ltd. In what is being called an improved deal, the latest offer consists of cash and share swap by Gome, the value of which is estimated to be more than USD [...]

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Indonesia’s currency rating raised

Indonesia received some good news when Standard & Poor’s raised its long-term foreign currency rating. Referring to the nation’s falling debt and inflows of foreign investment, the credit rating agency lifted its rating to BB- from B+. The agency also lifted the long-term local currency rating of Indonesia from BB to BB+. The ratings have [...]

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How long can India keep quiet?

Xenia Dormandy of Washington Post asks how much will India endure

how long can India, Indians and the Singh government withstand the constant pressure from militant groups before they have to react? By any measure of international diplomacy, they've already been extraordinarily patient; compare their restraint with Israel's response to the kidnapping of its soldier [...]

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