Slump in share prices hits Japan insurers
Tokyo: Japanese life insurers are enjoying healthy operating profits but their financial status has been severely undermined by a slump in the value of shares in their portfolios, an industry leader said on Friday.
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Bechtel bags first Iraq re-building contract
Washington: A contract worth up to $680 million to repair war-torn Iraq's electricity system, water supplies and other key infrastructure has gone to Bechtel Group Inc., the USAID said on Thursday.
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Pentagon pegs US cost of war at about $20 bn so far
Washington: The Iraq war has cost at least $20 billion and probably will consume that much or more in the next five months, the Pentagon's top budget officer has said.
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Toyota unveils new version of Prius hybrid car
Tokyo: Toyota Motor Corp. on Wednesday unveiled a new version of its Prius gasoline-electric hybrid car, promising even better fuel economy in a larger, more comfortable car.
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Hyundai aims flash cars, neat deals to boost exports
Seoul: South Korea's top car maker, Hyundai Motor Co Ltd, is set to upgrade models and offer bigger financial incentives to crank up exports as domestic sales sputter.
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