German Chancellor Angela Merkel affirmed on Tuesday plans to privatize railways in Germany despite political wrangling within her grand coalition over whether to sell the system's land and tracks.

German Chancellor Angela Merkel affirmed on Tuesday plans to privatize railways in Germany despite political wrangling within her grand coalition over whether to sell the system's land and tracks.

China's Ministry of Finance has issued guidelines for applying new accounting standards at domestic enterprises, said an official with the ministry on Tuesday.

Afghans in the central Ghazni province use the Pakistani national currency the Rupee in their daily transactions, a Kabul-based newspaper reported Tuesday.

Afghans in the central Ghazni province use the Pakistani national currency the Rupee in their daily transactions, a Kabul-based newspaper reported Tuesday.

The International Monetary Fund ( IMF) Staff Mission has expected Hong Kong's economy to grow between 5.5 percent and 6 percent this year, and about 5 percent in 2007 and over the medium term.

Both foreign and domestic investments have increased in Zambia this year with more already pledged than in the last four years, according to Zambia Investment Centre (ZIC).

Zhenhai Petroleum Refinery and Chemistry Corporation, under China Petroleum Chemistry Company, launched a new ethylene project yesterday.

Prices of materials used in manufacturing in China are expected to rise 5 percent in the fourth quarter year on year, according to the price monitoring center of the National Development and Reform Commission (NDRC).

Japan's Toyota Motor Corp., the world 's second-largest automaker, reached a basic agreement with Isuzu Motors Ltd., a major Japanese truck manufacturer, Tuesday to form capital and business tie-ups, company officials said.