What's your Card?
What's your Card?: A South Korean walks past an advertisement for the LG Card in Seoul last week. Kookmin Bank, South Korea's top lender, said last Tuesday it wanted the government to take a 50-per-cent stake in troubled LG Card so the bank could back a US$4.2-billion rescue plan.

LOCAL NEWS BITES 'Headquarters Base'
BEIJING: The Chinese capital is poised to house another 80-plus major Chinese enterprise headquarters in one of its science parks.

Sound CEPA depends on labour division
Implementation of the Chinese Mainland/Hong Kong Closer Economic Partnership Arrangement (CEPA) will, in the short term, have little effect on Shenzhen's manufacturing sector.

EU underspends 500-million-euro farm subsidy budget
BRUSSELS: The European Union (EU) underspent its lavish farm subsidy budget by 500 million euros (US$635 million) last year, and the shortfall would have doubled without advance handouts to farms hit by drought.

FDI to South Korea less than expected
Official forecasts optimistic, but economists predict modest upturn

Treasury prices up on weak report
NEW YORK: Treasury prices climbed last week as a weaker-than-expected report on the US service sector brought buyers back into the market.

US natural gas market resigned to bullish prices
NEW YORK: Analysts expect US natural gas prices - buoyed by demands of a recovering economy and concerns over dwindling output - will hold near record highs this month.

Don't blame all on tycoons
Stopping wrongdoing also the result of a fair and transparent economy

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