Business news for Mon, 31 Dec 2007 & with word country. 13 news.

The Bhutto family has firmly secured its future as the country's leading political dynasty with the installation of a 19-year old son, Bilawal, as chairman of the PPP.

KARACHI (Reuters) - Pakistani shares slumped on Monday and the currency hit a six-year low, the first market reaction to the killing of former premier Benazir Bhutto whose death has plunged the country into a political crisis.

China's sovereign wealth fund injected $20 billion into policy lender China Development Bank, the latest example of how the country is using its surplus of cash to beef up the balance sheets of local banks.

The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years. The slump worsened even more than most analysts expected, heightening fears that the country might be thrust into...

BEIJING (Reuters) - China on Monday announced a $20 billion capital injection into China Development Bank, one of the country's three policy lenders, as part of a long-planned transformation of the state-owned company into a commercial bank.

Reuters - Pakistani shares slumped on Monday and the currency hit a six-year low, the first market reaction to the killing of former premier Benazir Bhutto whose death has plunged the country into a violent political crisis.

KARACHI (Reuters) - Pakistani shares slumped on Monday and the currency hit a six-year low, the first market reaction to the killing of former premier Benazir Bhutto whose death has plunged the country into a violent political crisis.

Thaksin's allies and three small political parties have enough parliamentary seats to form a coalition government in Thailand, said the leading candidate to become the country's next leader.

Kenyan President Mwai Kibaki's re-election means continuity for the country, but the economy could suffer if unrest resulting from the disputed election is protracted.

South Korea will make it easier for foreigners to trade stocks and bonds in the country's securities markets in a move aimed at winning developed-market status from index compiler FTSE Group.

State Grid Corp. of China, which won a bid to run the Philippines' electricity network, expects to take about six months to secure approval to operate in the Southeastern Asian country.

From aviation to agriculture, it's an economy on the upswing For years, the joke in this country was that Brazil's economy was the economy of the future. The morose punch line, of course, was that the future never arrives.

The market, long ignored, could be on the way up, experts say, and not just in the capital. Property buyers have for several years been pouring money into previously little-known and little-visited European states, such as Montenegro and Lithuania. Yet there is one, much more prominent country that they rarely consider -- Germany.