Hanoi - Vietnam's inflation rate in September dropped to 0.18 per cent from August's 1.56 per cent because of falling food and fuel prices, Vietnamese government officials said Tuesday in a preliminary reading.
"This is the lowest inflation to date [this year]," said Nguyen The Hung, a senior official in the Planning and Investment Ministry.
Petrol prices fell on lower world oil prices, and rice prices fell because of a bumper autumn rice harvest in the Mekong Delta, but prices of several other kinds of goods rose faster than 1 per cent month-on-month.
Singapore - Banks in Singapore that sold structured products linked to the collapsed US investment bank Lehman Brothers Holdings Inc have been asked to update investors on how much money they would get back, the Monetary Authority of Singapore said Wednesday.
Tokyo - Japan's central bank on Wednesday pumped 1.5 trillion yen (14.22 billion dollars) into money markets, the sixth-straight business day that it had injected money into the economy in the wake of the US banking crisis.
Paris - Other industrial nations besides the United States should begin drawing up plans to shore up their financial sectors, the head of the International Monetary Fund, Dominique Strauss-Kahn, said in an article published Tuesday in the French daily Le Monde.
Paris - As investors began having second thoughts, the Organization for Economic Cooperation and Development (OECD) on Tuesday praised the United States' plan to rescue its badly ailing financial industry.
It's a measure of the strength of the economy that analysts squabble over whether the next move in interest rates by the Reserve Bank of Australia would be up or down.
