Contradicting a White House statement last month, the top U.S. military official said Afghan President Hamid Karzai can continue to delay signing an agreement on a post-2014 U.S. military presence until as late as June.
To an Indian who grew up in the 1970s and ‘80s, the sights of Dhaka, Bangladesh, seem to belong to a past that Indian metropolises have mostly outgrown: exuberantly battered buses, unpainted buildings, pavement book vendors with faded posters of Rabindranath Tagore and Karl Marx as well as the Rolling Stones, and pitch darkness on the unlit streets and squares where rural migrants congregate in the evenings. The countryside still feels closer here than in Kolkata or Mumbai.
Aban Offshore Ltd., Asia’s third- most-indebted oil rig provider, will be able to obtain cheaper U.S. and European financing following the easing of some sanctions on Iran, the Indian company’s biggest market.
Afghan President Hamid Karzai hailed a pact to keep U.S. troops in the country after 2014, telling national leaders meeting to assess the agreement that it would bring stability to the war-torn nation.
Ford Motor Co., pushing for 8 million annual sales by the middle of this decade, rolls out its cheapest global small car next year, aiming to provide the first set of wheels to buyers in emerging markets.
Muhammad Yunus, the Nobel laureate and outcast founder of Grameen Bank, said Bangladesh’s move to tighten controls on the microcredit lender is “heart-breaking” and called for an end to state interference.