Saudi Arabia says it will need aid if world cuts oil dependence to stop climate changeBANGKOK — There are plenty of needy countries at the U.N. climate talks in Bangkok that make the case they need financial assistance to adapt to the impacts of global warming. Then there are the Saudis. Sensex moves up amid volatile tradeMUMBAI - A key Indian equities index was ruling in the green amid volatile trading conditions Thursday. It was up 127 points about an hour before the closing bell. Unenforced laws more harmful than no laws at all: studyWASHINGTON - Insider trading laws that are not enforced can hurt shareholders and economic vibrancy in emerging markets even more than having no securities laws at all, according to a study led by an Indian American researcher. Inflation, currency volatility impact coffee industry: ExpertBANGALORE - Besides the recession, high inflation, volatile currency rates and scarce finance are also posing challenges to the global coffee sector, an industry expert said Thursday. Treasury Secretary Geithner makes time for select group of powerful Wall Street bankersWASHINGTON — Even during his most frenzied days, when Congress is demanding answers or the president himself is calling, Treasury Secretary Timothy Geithner makes time to talk to a select group of powerful Wall Street bankers. Inflation declines to 0.7 percentNEW DELHI - India’s annual rate of inflation, based on the wholesale price index, declined marginally to 0.7 percent for the week ended Sep 26, from 0.83 percent for the week before, due mainly to a drop in prices of food articles. India’s Nuclear Power Corp targets 63,000 MW by 2032
Yale leadership summit to explore opportunities for Indian businessWASHINGTON - Business leaders from the US, Europe and India will meet in New Delhi next month to explore the theme of “Navigating the Oceans of Opportunity for Indian Business” at the Yale CEO Leadership Summit. Mr. Geithner, Wall Street is on Line 1 (again): When these men call, the Treasury boss answersWASHINGTON — Even during his most frenzied days, when Congress is demanding answers or the president himself is calling, Treasury Secretary Timothy Geithner makes time to talk to a select group of powerful Wall Street bankers. Vikram Pandit and his Citi get good marksWASHINGTON - An outside review of Citigroup Inc.’s management team has concluded that it is generally in good shape and awarded strong overall marks in particular to the banking giant’s Indian American CEO Vikram Pandit, according to a media report. European Central Bank, Bank of England set to keep interest rates at record lowsLONDON — Europe’s two leading central banks are expected to keep interest rates unchanged Thursday and damp down any talk that borrowing costs will soon rise in the wake of a surprise rate hike by Australia’s central bank. Time for Copenhagen deal running out: UN climate chiefBANGKOK - “Time is running out for Copenhagen,” the UN climate chief said here Thursday, exactly two months before the start of the summit that is expected to seal a deal to tackle global warming. Euromoney names Canada’s Flaherty top finance ministerTORONTO - Canada’s Jim Flaherty has been named the finance minister of the year by Euromoney magazine. Sensex 94 points up in opening tradeMUMBAI - A key Indian equities market index opened in the green Thursday and was ruling about 94 points higher than its previous close, about five minutes into trade. Australia’s unemployment rate drops; dollar rises to 14-month highCANBERRA, Australia — Australia’s unemployment rate surprisingly dropped to 5.7 percent in September, the government said Thursday, news that caused the Australian dollar to surge to a 14-month high. Brookings sees more flight delays as economy improves; light rail, rush-hour fees suggestedDALLAS — Lengthy airline delays are twice as common now as in 1990 and will get worse as the economy recovers, according to a Brookings Institution report released Thursday. US deficit triples to record high of $1.4 trillionWASHINGTON - The US federal budget deficit tripled to about $1.4 trillion for fiscal year 2009 in the midst of the worst economic decline since the Great Depression, the office that keeps track of spending for Congress said Wednesday. IIT summit set to open with a bang in ChicagoTORONTO - The seventh annual Pan-Indian Institute of Technology (IIT) Global Conference is set to open with a bang in Chicago Friday. US stocks mixed ahead of earnings reportsNEW YORK - US stocks posted mixed results Wednesday as Wall Street braced for the start of the third-quarter earnings season in the US. Canada asking WTO to intervene in dispute with US over cattle, hog country-of-origin labelingOTTAWA — Canada is asking the World Trade Organization to intervene in a dispute with the United States over cattle and hog exports. Pelosi, Reid meet Obama at White House to review new job creation optionsWASHINGTON — Faced with a stinging rise in unemployment, President Barack Obama summoned Congress’ top two Democrats Wednesday to the White House to discuss additional proposals to help the jobless and boost the economy. Nutrition, food stamp, dairy programs among winners in spending billWASHINGTON — Nutrition, food stamp and dairy aid programs were among the winners as the House on Wednesday approved a $121 billion agriculture spending bill for the 2010 budget year. Yum Brands, Monsanto, Family Dollar, Costco, Google are among big market movers WednesdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: CBO: Budget deficit hit record $1.4T in 2009 thanks to recession-fed drop in revenue, bailoutsWASHINGTON — The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday. Midwest governors see room, need for cooperation on clean energy efforts despite competitionDETROIT — Governors from across the Midwest are working together to promote clean energy industry and infrastructure in the region despite heated competition between their states for new investment and jobs. CBO: Budget deficit hit record $1.4B in 2009 thanks to recession-fed drop in revenue, bailoutsWASHINGTON — Congressional analysts say the federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week. Beer maker sells Seaworld, Busch Gardens to Blackstone private equity for $2.3B-plusShamu, meet your new parents. Anheuser-Busch InBev said Wednesday it will sell its 10 theme parks across the country, including the three SeaWorlds and two Busch Gardens, to private equity firm Blackstone Group for at least $2.3 billion. Dollar edges higher against major currencies ahead of ECB, BoE interest rate decisionsNEW YORK — The dollar edged higher against major currencies Wednesday as investors looked ahead to upcoming European Central Bank and Bank of England interest rate decisions on Thursday. Obama to visit 4 Asian countries next month, but visit to Indonesia will come laterWASHINGTON — President Barack Obama’s first Asian trip as president will include Japan, Singapore, China and South Korea, but not Indonesia, where he spent four years of his life. Costco Wholesale CFO Richard Gallanti talks about competition and deflationAs consumers have limited their spending, retailers have become increasingly competitive to lure them into their stores — typically focusing on value to draw the cost-conscious. At the same time, retailers are seeing prices drop on some items as manufactures adjust to lower demand, lower input prices and other factors. |
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NEW DELHI - With India having recently approved eight sites for new nuclear power plants, the state-run Nuclear Power Corp has set itself a target of 63,000 MW of atomic energy over the next 25 years, its top official has said.
