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International News of April 19, 2008

2008-04-19 15:51:37 (GMT) (Caymanmama.com - World News News)

International News of April 19, 2008

Banking giant looses $5.1 billion in first quarter
Bio-fuel fuels ethical issues
Rice exports – US to enter new markets
Netherlands new military chief’s son dies in blast in Afghanistan
China stop issuing multiple entry visas – New visa policy introduced

Banking giant looses $5.1 billion in first quarter

New York (AFP) Citigroup reported loss of $5.1 billion in the first quarter. The loss by the banking giant is attributed to $12 billion in write downs. The bank would have to cut 9000 jobs owing the loss.

Bio-fuel fuels ethical issues

Paris: Head of International Monetary fund said the bio-fuel has raised food shortages resulting in the cost of food stuff. The scenario has led to riots worldwide.

Rice exports – US to enter new markets

Chicago: (Reuters) The shortage of rice world wide have resulted in panic buying world wide. This has given US a chance to enter new markets and US exports are posing growth.

Netherland’s new military chief’s son dies in blast in Afghanistan

Kabul: (AFP): Son of the Neitherland’s new military chief was killed in bomb blast by Taliban in Afghanistan yesterday.

China stop issuing multiple entry visas – New visa policy introduced

Hong Kong: (AFP): The Chinese government has revised its visa policy. The country has stopped issuing multiple visas.

For more details on the above news visit: http://www.dawn.com/2008/04/19/int.htm

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