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Afghanistan ready to bail out troubled Kabul Bank (Sep 6)
KABUL : Afghanistan's central bank said Monday it was willing to offer loans to bail out troubled Kabul Bank as nervous depositors continued taking out their savings.


Naza eyes producing GM Chevrolet models in Malaysia (Sep 6)
KUALA LUMPUR: Malaysia's car distributor Naza said on Monday it plans to tie up with US giant General Motors to assemble Chevrolet cars in Malaysia, and could export the vehicles to other Southeast Asian markets.


China vows to increase foreign imports (Sep 6)
BEIJING : China has vowed to make it easier to import goods into its huge market as Beijing seeks to address controversial trade surpluses with its trading partners, a report said Monday.


Obama to propose US$100b tax credit (Sep 6)
WASHINGTON: President Barak Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported late Sunday.


Ringgit opens at 13-year high (Sep 6)
KUALA LUMPUR: The ringgit opened 13-year fresh high against the US dollar in early trading today on strong demand for the local currency, dealers said.


Former HP chief may move to Oracle (Sep 6)
WASHINGTON: Former Hewlett-Packard chief executive Mark Hurd, who resigned last month following a sex scandal, is in talks to join US software giant Oracle, the Wall Street Journal said on its website Sunday.


Troubled Afghan bank faces another day of long queues (Sep 5)
KABUL: Queues formed at branches of Afghanistan's biggest bank on Sunday as customers clamoured to withdraw their savings, though lines were shorter days after corruption allegations appeared in US newspapers.


Most UAE banks stop money transfers to Iran after latest sanctions (Sep 5)
DUBAI: Most banks in the United Arab Emirates, an important trading partner for Iran, have stopped money transfers there after the latest round of sanctions on the Islamic republic, bankers said on Sunday.


Expiring tax cuts pose dilemma for US lawmakers (Sep 5)
WASHINGTON: US lawmakers returning from summer recess face a conundrum on tax cuts set to expire at the end of this year, with the economy seemingly sputtering ahead of looming congressional elections.