INDIA

Fall In Rupee Won't Hurt India's Ratings: Moody's

Indian Rupee
Global rating agency Moody's on Monday said that the steep depreciation of rupee against a dollar will not affect India's sovereign ratings negatively. However, it added that private sector companies with huge overseas debts will be hurt by the slip in the value of the rupee.

India Rules Out Hike In Diesel, Kerosene and LPG Prices

An employee fills a car with petrol at a gas station in Jammu February 26, 2010. India will raise petrol and diesel prices from Friday midnight, Oil Secretary S. Sundareshan told reporters.
Indian government bowing to the political pressure has decided not to hike diesel, Kerosene and LPG prices for the time being. The ruling UPA government is still fighting the fallout of its unpopular decision to steeply increase the petrol prices last week, as the opposition parties as well as some of its own allies are demanding a rollback.
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Gas pump

Why India Should Hike Diesel Prices

Fearing a political backlash, the Indian government has postponed the decision to hike the diesel prices for the time being. However, economists feel that it is time the government deregulated the prices of diesel and stopped subsidizing them.
Aung San Suu Kyi holds a bunch of flowers before addressing supporters outside the headquarters of her National League for Democracy party in Yangon

After 24 Years In Myanmar, New Doors Open For Aung San Suu Kyi

When Aung San Suu Kyi left her husband and children in England to visit her ailing mother in Myanmar 24 years ago, she never imagined that she'd be stuck inside the Southeast Asian country for 24 years. Now, she will leave Myanmar for the first time since 1988.
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Asia's Military Spending To Surpass Europe's For First Time

2012 will be a historic moment in the shift of global power from the West to the East. According to expert estimates and figures on military spending, in 2012 Asia's spending on defense will eclipse Europe's for the first time in the modern era.
IBM's Expanion into Growth markets

High Tech Vietnam: IBM Opens Da Nang Office

International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, said it opened a new center in Da Nang, Vietnam, its third center in the Southeast Asian country.

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