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Japan camera maker Canon says profit drops 13 percent as strong yen erodes overseas sales Posted: 24 Jul 2008 04:20 AM CDT TOKYO (AP) _ Japanese camera maker Canon Inc. said Thursday its second-quarter profit fell 13 percent from a year ago as a stronger yen chipped away at the value of booming overseas sales of color copiers.

South Korea's Hyundai Motor says 2nd-quarter net profit declines; vows to increase exports Posted: 24 Jul 2008 04:09 AM CDT SEOUL, South Korea (AP) _ South Korea's Hyundai Motor said Thursday that its second-quarter net profit declined despite a gain in sales, and vowed to fight high oil prices by aggressively exporting more fuel efficient vehicles.

Malaysia's inflation surges to 7.7 percent in June after fuel price hike, hits 27-year high Posted: 24 Jul 2008 04:04 AM CDT KUALA LUMPUR, Malaysia (AP) _ Malaysia's annual inflation rate spiraled to a 27-year high in June after a fuel price hike sent the cost of food and transport soaring, the government said.

Tax payers can pay income tax through any bank account Posted: 24 Jul 2008 03:56 AM CDT New Delhi, July 24 (PTI) Tax payers can now deposit income tax from the bank accounts of any person in addition to credit and debit cards, the Central Board of Direct Taxes (CBDT) said.

Cabinet approves State Bk of Saurashtra, SBI merger Posted: 24 Jul 2008 03:55 AM CDT NEW DELHI (Reuters) - The Cabinet has approved the merger of State Bank of Saurashtra with its parent State Bank of India, to help the small bank face challenges better, a cabinet minister said on Thursday.

India's June oil processing up 5.6 pct yr/yr Posted: 24 Jul 2008 03:47 AM CDT By Nidhi Verma

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