GE Q1 net dips 9 per cent to $3.2bn on low turbine sale
New York: General Electric, a conglomerate whose businesses range from television broadcasting to jet-engine manufacturing, said on Friday Q1 earnings fell nearly 9 per cent on sharply reduced gas turbine sales.
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WB, IMF shareholders split on Iraq
New York: The IMF and World Bank heads want their shareholders' consensus before working to rebuild Iraq, but some countries worry the United States is trying to use the multilateral lenders to cut out the UN.
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US House clears 2004 budget, tax cut plan
Washington: The US House of Representatives on Friday passed a $2.2 trillion federal budget projecting record deficits, while paving the way for up to $550 billion in new tax cuts sought by President George W. Bush.
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Cairo to host pre-cancun WTO meeting in June
Geneva: Egypt will host a WTO mini-ministerial meet in Cairo in the second week of June. The meet will be attended by 23 countries and will focus on agriculture, services and the pending agreement on TRIPs & public health.
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