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South Korea is likely to offer North Korea massive long-term investment in its crumbling infrastructure at their summit late this month, officials and reports say.The package proposal will probably include providing electricity, renovating the Kaesong-Pyongyang highway, upgrading Nampo port and setting up a fertiliser plant, Friday's Korea Times quoted unidentified officials as saying.
Oil prices weakened in Asian trade Wednesday as speculative funds dashed for the exit amid concerns that problems in the US housing market could slow US growth, dealers said.At 2:55 pm (0655 GMT), New York's main contract, light sweet crude for September delivery, was down 21 cents to 72.21 US dollars a barrel from 72.42 dollars in late US trades Tuesday.
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