India's 8% 2nd-Quarter growth raises hope of further expansion

Article Abstract:

India's second quarter results post an eight percent increase in the economy and Prime Minister Manmohan Singh has predicted ten percent annual economic growth. International trade, transportation industry and hotels sector were up 12 percent, manufacturing was up 9.2 percent and financing, insurance and real estate was up 9.9 percent. Economists suggest India remain open to foreign investment to continue to grow the economy.

India, Economic forecasting, Singh, Manmohan (Indian prime minister)

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Italian drug firm draws fire for boosting prices

Article Abstract:

Sigma-Tau S.p.A. of Italy has raised the price of the cancer drug Mutulane to $55 per pill causing a stir amongst cancer patients in the United States. Mutulane is used to treat Hodgkin's disease, a rare cancer that afflicts approximately 8,000 people per year in the United States. Before the drug patent was sold to the Italian pharmaceutical company by Roche Holding AG the medication sold for 60 cents a pill.

Italy, Product information, Pharmaceutical preparations, Pharmaceutical industry, Hodgkin's disease, Drug therapy, Sigma Tau S.p.A., Mutulane (Medication)

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Boosting returns, conservatively

Article Abstract:

Bank of Korea, South Korea's Central Bank is a leader in the movement to diversify currency holdings. Asian banks in an attempt to prevent the appreciation of their currencies against the weakening United States dollar issues bonds. The Bank of Korea posted a $147.5 million loss last year but ranks fourth in the world with reserves of $205.5 billion.

South Korea, Central banks, Won (Korea), South Korea. Bank of Korea

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