From the News, Nation, Dawn, Pakistan Observer, Daily Times, Frontier Post, Nawa-i-Waqt (Urdu), Jang (Urdu) and daily Express (Urdu) newspapers                                                                            

23 February 2010

Economics

International

• Tokyo (Agencies) Claims by Toyota in internal documents that it saved money by obtaining a limited recall from regulators in 2007 create an even bigger challenges for the automaker’s president when he testifies before US lawmakers this week over quality and safety laps. (Pakistan Observer, p-8)
  
• Tokyo (Reuters) Standard and Poor’s rating agency said on Monday that there was relatively little chance it would downgrade Japan’s sovereign rating this year. (Daily Times, P-B/5)
  
• Paris (AFP) Air France-KLM and Japan Airlines are discussing joining forces on flights between France and Japan to share  costs and revenues, a France daily reported on Monday, but the companies denied any such plans. (Daily Times, P-B/5)
  
• New York (AFP) Toyota will face harsh criticism from Congress during current week. (Daily Express, Page- 14)