04 March 2015

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Crackdown on Bangkok street stalls as pedestrians vie for space

BANGKOK  They sell everything from noodle soup to sex toys, but Bangkok s famed street hawkers are now facing a crackdown as authorities in the fast-growing metropolis struggle to make space for pedestrians on the crowded pavements.The move to relocate thousands of sellers from main roads to side streets or restrict touting to the night is part of a campaign to "reclaim the sidewalks" that comes as the ruling junta vows to "clean-up" Thailand s

THE RUPEE: slight gain

The rupee managed to recover modestly against the dollar on the local currency market on Friday, dealers said. The rupee posted five-paisa against the dollar for buying and selling at Rs 101.83 and Rs 101.86, they said.INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee also picked up the same amount in terms of the dollar for buying and selling at Rs 101.90 and Rs 102.10 respectively. It also posted fresh gain of Rs 1.25 versus the euro for buying and selling at Rs 114.25

U.S. economy slowed in fourth quarter, but growth outlook still favorable

WASHINGTON  U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook.Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month, the Commerce Department said on Friday. The economy grew at a 5 percent rate in the third quarter.Growth is poised to pick up in the

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