BMW group to Introduce BMW financial services in India in 2010NEW DELHI - BMW Group will introduce BMW Financial Services India as a new business entity in India. The new subsidiary is planned to be fully operational by the mid of 2010 and will be headquartered in Gurgaon. Accor to expand footprint, add 50 hotels by 2012NEW DELHI - Global hospitality chain Accor Wednesday said it would invest $130 million (Rs.636 crore) in expanding its India network to 50 hotels by 2012. World stock markets slide after Wall Street sell-off on renewed fears for US financial sectorLONDON — European and Asian stocks fell Wednesday after an overnight sell-off on Wall Street as renewed fears about the U.S. financial sector gave investors a reason to cash out of markets many considered overvalued. India calls for ‘better surveillance’ to tackle financial crisisNEW DELHI - Ahead of the G20 summit later this month, India has underlined the need for developing better surveillance and regulation to tackle the global financial crisis and stressed a bigger voice for developing countries in international financial institutions. Sensex slips towards closing bell (Third Lead)MUMBAI - Late selling Wednesday pulled down a key index of the Indian equities markets, forcing it to close 81 points lower than its previous close, after dull trading through the day. EU says household spending lifted euro-zone economy in the second quarterBRUSSELS — Higher household spending supported the euro zone economy in the second quarter, the European Union statistics agency said Wednesday, in another upbeat sign for growth prospects. Poll: Germans favor center-right coalition weeks ahead of parliamentary ballotBERLIN — Chancellor Angela Merkel remains well-positioned to replace her uncomfortable coalition with a new center-right government when Germans vote on Sept. 27, a poll showed Wednesday, although she cautioned that the outcome could be tight. EU finance ministers declare war on bankers’ bonusesBRUSSELS - The European Union’s finance ministers were meeting in Brussels Wednesday in a bid to curb bankers’ bonuses amid strong opposition from Britain, home to the bloc’s most important financial centre. India set to host two-day global trade talks from ThursdayNEW DELHI - Trade ministers of nearly 40 countries will meet over two days here from Thursday to try and draw a roadmap that can put the derailed Doha Development Round of multilateral trade negotiations back on track. Sensex trading flat, down 20 points (Second Lead)MUMBAI - Indian equities markets continued to languish Wednesday as trading remained dull about an hour before closing bell, with a key index ruling 20 points down from its previous close. Jayalalithaa bats for casual workforce in Tamil Nadu NewsprintCHENNAI - Former Tamil Nadu chief minister and the current Leader of the Opposition J. Jayalalithaa has demanded regularisation of 1,600 casual workers at Tamil Nadu Newsprint and Papers Ltd (TNPL), the country’s second largest paper maker. NDTL signs contract with IDTM, SwedenNEW DELHI - The National Dope Testing Laboratory (NDTL) has signed a contract with the International Doping Test and Management (IDTM) Stockholm, Sweden, which is a state of art service provider of doping control management. World stocks slide after US sell-off amid financial fears; Europe down after Athens bomb blastHONG KONG — World stock markets pulled back Wednesday, sending Japan’s benchmark down over 2 percent, after an overnight sell-off on Wall Street amid resurgent fears about the U.S. financial sector. Smile - the most convincing sign of work successLONDON - Forget expensive suits, flashy cars and mobiles - looking happy is more than enough to put you miles ahead in business world. US rice crop projected to be up nearly 3 pct from a year ago, but some weather risks remainLITTLE ROCK, Ark. — Rice growers are projected to have a 2009 yield nearly 3 percent greater than a year ago, even though the heart of the nation’s rice-producing area had an unduly wet spring and a cool summer. Poll finds Japan’s new leaders have weak mandate, low voter expectationsTOKYO — Japan’s new government will have a shaky mandate when it takes office later this month, a poll indicated Wednesday, as party leaders acknowledged they must get to work immediately to deal with the country’s severe economic problems. Sensex trading dull, weak Asian cues dampen sentimentsMUMBAI - Depressed cues from Asian markets continued to impact Indian equities Wednesday with a key index trading on a dull note after having opened lower. Hurricane Jimena weakens to a Category 2 storm in the Pacific off Mexico’s coastMIAMI — Hurricane Jimena has weakened to a Category 2 storm as it bears down on Mexico’s Baja California peninsula. China denies visas to producers of documentary that covered school earthquake collapsesBEIJING — The producers of a documentary exploring deadly school collapses in last year’s Sichuan earthquake and the plight of bereaved parents have been denied Chinese visas to attend a Beijing showing, one of the men said Wednesday. Hurricane Jimena brushes past southern Baja’s resorts, takes aim at desert coastline to northLOS CABOS, Mexico — Hurricane Jimena plowed over Baja California on Wednesday, tearing off roofs, knocking down power poles and bringing welcome rainfall to a drought-stricken state. Asian markets slide after Wall Street sell-off amid financial fears; Nikkei sheds nearly 3 pctHONG KONG — Asian stock markets pulled back Wednesday, sending Japan’s benchmark down nearly 3 percent, after an overnight sell-off on Wall Street amid fears about the U.S. financial sector. Bomb outside Athens Stock Exchange building in Greece lightly injures woman, damages carsATHENS, Greece — A van bomb exploded outside the Athens Stock Exchange Wednesday, injuring a woman and causing extensive damage to the building in what police said was a coordinated double bombing that also targeted a government building in the northern city of Thessaloniki. Sensex opens weak, tries to crawl upMUMBAI - A key index of the Indian equities markets opened weak Wednesday and was trying to crawl up into the green within about ten minutes of start of trade. Malaysia reverses ban, says Muslims can attend Black Eyed Peas concertKUALA LUMPUR, Malaysia — The Malaysian government has agreed to let Muslims attend a concert by U.S. hip-hop stars Black Eyed Peas, reversing an earlier ban imposed because the show is sponsored by an alcoholic beverage company, officials said Wednesday. Data due out Thursday expected to show rise in July durable goods orders, productivityNEW YORK — New signs of economic recovery keep emerging, but with the American consumer still hamstrung by flat wages and job losses, it’s unclear those signs will last. Poll finds Japanese voters chose opposition because of dissatisfaction with ruling partyTOKYO — Most Japanese voters chose the opposition in historic weekend elections because they were fed up with a half century of rule by the governing conservatives, not because they were enthused by what the opposition had to offer, a poll said Wednesday. Mexico struggles to evacuate thousands as fierce Hurricane Jimena lashes Baja CaliforniaLOS CABOS, Mexico — Heavy winds, battering waves and intense rain pummeled residents and tourists in this vacation resort as dangerous Hurricane Jimena, one of the largest hurricanes this year, raked Baja California’s southern coast late Tuesday. Balsillie scheduled to show up as Coyotes bankruptcy saga reaches critical phasePHOENIX — The Phoenix Coyotes saga seems to be stumbling toward a conclusion, and the lead character in the twisted drama finally is scheduled to make an appearance. Las Vegas newspaper publisher says he met Reid after senator said he hoped paper would failLAS VEGAS — The publisher of Nevada’s largest newspaper said Tuesday he has met with U.S. Sen. Harry Reid since the Democratic majority leader told the newspaper’s advertising director that he hopes it goes out of business. Hoyer maintains support for public health insurance option amid ‘boos’ at town hall meetingWALDORF, Md. — House Majority Leader Steny Hoyer told cheering and jeering constituents Tuesday he still supports a public health insurance option as part of a health care overhaul. |
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