Ropeway operational

DHADING: A 1200-metres long ropeway has been set up at Benighat-8, Bishaltar of Dhading district. The locals and ITD, a local NGO, has brought the ropeway under operation jointly. — RSS

US economy on track

WASHINGTON: The US economy remains on its steady growth track, with inflationary pressures easing a bit, the Federal Reserve said on Wednesday in its ‘beige book’ report. — AFP

Choong detained

SEOUL: The founder of South Korea’s now-defunct Daewoo Group, Kim Woo-Choong, was on Thursday ordered detained until July 5 to allow prosecutors time to prepare an indictment. — AFP

CAO supplies jet fuel

SINGAPORE: Singapore-listed China Aviation Oil (CAO), which owes creditors more than half a billion US dollars, is upbeat it will continue to play a major role in procuring jet fuel oil for China. — AFP

Canon to invest more

TOKYO: Canon Inc, Japan’s top office equipment and camera maker, will spend $734 million on building its biggest printer cartridge plant so it can meet rising demand. The new plant will be located in Oita, with operations slated to begin in 2007. — AFP

Labour woes in US

WASHINGTON: A rift opened on Wednesday in the US labour movement as five big unions created a new coalition aimed at making a more aggressive move to organize workers, and threatened to quit the big AFL-CIO federation. — AFP