High subsidies and wages are paralyzing to the state run companies day by day. The ever increasing international prices of crude oil have worsened the scenario.
Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose above the 130 dollar mark again on Thursday, an OPEC statement said Friday.
Sydney - Australian Prime Minister Kevin Rudd has reiterated his opposition to nuclear power after luminaries from within his own Labor Party described it as an essential bridge to a non-carbon fu
Wellington - New Zealand's economy shrank by 0.3 per cent in the first quarter, according to official figures released Friday, confirming analysts' fears that the country is heading into recession
Singapore - Record petrol prices have hit budget car sales the hardest, with monthly pump prices beginning to match loan instalment payments for some models, published trade figures said Friday.
