Vietnam finally launched its first satellite purposely providing telecommunications, broadcasting and Internet links across the country.Vinasat-1 was carried into space aboard an Ariane 5 rocket from the European spaceport in French Guiana at 7:17pm local time (10:17pm GMT) Friday evening. With transmission capacity equivalent to 10,000 voice, Internet and data channels, or 120 TV channels, […]

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Oil prices were steady Friday following an overnight rebound as a more stable stock market alleviated traders’ worries about an economic slump dampening demand.
Light, sweet crude for October delivery gained 1 cent to US$69.84 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. The contract rose 57 cents to […]

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The recent turmoil affecting major currencies and the U.S. subprime mortgage market could be the harbinger of worse to come for the global economy in the near future, the latest economic outlook from Deutsche Bank says.
However, as the U.S. economy has thus far handled the housing loan slump better than expected, while growth prospects remain […]

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