Workers ‘uncertain’

BIRGUNJ:

More than 1,100 workers of Jyoti Spinning Mills are facing tough times due to uncertainty of the resumption of the work at the recently bombed mill. The Mill was compelled to shut down after Maoists bombed on August 17. Among the 19 Carding machines (Cotton Purifying Machines) Maoists had destroyed three, including other two great storerooms. — HNS

Japan Post to sell fund

TOKYO:

Japan Post said on Monday it has selected three asset management companies to start selling mutual funds at hundreds of post offices across the country. Goldman Sachs Asset Management, Nomura Asset Management Co and Daiwa Asset Management Co were the winners of the heated contest, which attracted 23 fund companies. — AP

CLIC posts net profit

HONG KONG:

China Life Insurance Co (CLIC), the country’s biggest life insurer, said it posted an 85 per cent increase in its first-half net profit, thanks to strong returns on its investments. But executives cautioned that the firm may not be able to repeat the performance in the second half. — AP

Consumer sentiment

BERLIN:

A key index of German consumer optimism rose just three weeks before September 18 national elections, even as petrol prices hit record highs and a possible hike in the VAT loomed. Increase in index could likely be explained by people wanting to make purchases before a proposed two per cent hike in VAT.— AP