Bus strike called off in OrissaBHUBANESWAR - A bus owners’ body in Orissa Wednesday called off their strike against hiked toll fees on national highways, an association official said. China comes out in public support of Indian idea in climate talksBANGKOK - “Each person is entitled to his fair share of global atmospheric space,” China’s chief climate negotiator Yu Qingtai said Wednesday, publicly placing for the first time Chinese support to this concept formulated by India’s Prime Minister Manmohan Singh. European markets drift lower as third quarter earnings season starts in earnestLONDON — European stock markets fell modestly Wednesday after big gains the previous day as investors prepared for the start of the third-quarter corporate reporting season. Greece’s new Socialist government is formally sworn in, ending 5 years of conservative ruleATHENS, Greece — Greece’s new Socialist government was formally sworn in Wednesday, and now most get to grips with pledges to revive a rapidly cooling economy compromised by excess state spending and a soaring public debt. Worst will soon get over on price rise: PMAMBALA - Prime Minister Manmohan Singh Wednesday said the federal government was fully aware of the difficulties faced by common people because of rising prices but said that the worst was getting over. Sensex plummets in dying minutes of trade (Roundup)MUMBAI - A key Indian equities index took a sharp dive in the last minutes of trade and ended Wednesday 0.9 percent down. BJP MP seeks Japanese intervention in Agra sewer projectAGRA - Rama Shankar Katheria, Bharatiya Janata Party (BJP) MP from Agra, suspects rampant corruption in a Rs.900 crore sewer line project in the city that is being funded by a Japanese bank. Unhappy with the clean chit given by district authorities, he has now written to the Japan government, seeking its intervention. Madhya Pradesh seeks 41,000 tonnes of sugar from federal governmentBHOPAL - Madhya Pradesh Chief Minister Shivraj Singh Chouhan has asked the agriculture ministry to make available 41,000 tonnes of sugar to meet the shortfall during the festive season. Reliance Life looks for overseas partner, plans public issueCHENNAI - After operating without an overseas partner all these years, Anil Ambani group’s Reliance Life Insurance is now looking out for an international strategic partner to hold up to 20 percent stake, apart from planning an initial public offer. ITC seeks option to Nepal’s troubled TeraiKATHMANDU - Frustrated by the continuous turbulence in Nepal’s Terai plains and threats by over 100 armed groups, Indian tobacco major ITC is seeking a backup for its tobacco factory where production can continue unhindered. ‘Thailand keen on Indian road projects but finds rules complex’NEW DELHI - Thai Deputy Prime Minister Korbsak Sabhavasu says his country is interested in participating in India’s roads and highway projects, but finds the bidding clauses too complex to encourage international players. Maran asks West Bengal to quickly set up jute parksKOLKATA - Union Textiles Minister Dayanidhi Maran Wednesday urged the West Bengal government to hasten the process of setting up jute parks in the state. Stock futures indicate higher open as investors build momentum heading into earnings seasonNEW YORK — Stock futures are pointing to another higher opening Wednesday as investors continue to build momentum heading into earnings season. Railway earnings up 6.65 percent in first halfNEW DELHI - Despite the economic slowdown, Indian Railways saw its earnings rise 6.65 percent to Rs. 40,910 crore during the first half year of this fiscal ended Sep 30 from Rs.38,358 crore in the like period of last fiscal. Stay with Kyoto protocol, urges UN climate chiefBANGKOK - “When I have only one pair of shoes, it makes sense to stay with that pair.” With these words, UN climate chief Yvo de Boer Wednesday came out clearly in favour of retaining the Kyoto Protocol to tackle global warming, despite strong efforts by many industrialised countries to dump it. Sensex plummets in dying minutes of trade (Second Lead)MUMBAI - A key Indian equities index took a sharp dive in the last minutes of trade and ended Wednesday almost a percent down. EU economy contracted worse-than-expected 0.3 percent in Q2BRUSSELS - The European Union’s economy contracted by a worse-than-expected 0.3 percent in the second quarter, according to final Eurostat estimates out Wednesday. Government to formulate national fibre policy by year-endKOLKATA - The central government has constituted a working group to formulate a National Fibre Policy (NFP) by the end of the year, Textiles Minister Dayanidhi Maran said Wednesday. Kroger feeds store-brand product lines from own network of food-manufacturing plantsSPRINGDALE, Ohio — Ice cream swooshes out of metal nozzles and swirls into 38,000 “party pails” per day here, one of many ways Kroger Co. is using its massive manufacturing capability to feed growing demand for low-priced store brands. Maran pushes for 22 percent hike in minimum jute priceKOLKATA - In a bid to encourage jute production, Textiles Minister Dayanidhi Maran Wednesday pushed for hiking the minimum support price paid for the golden fibre by Rs.300 per quintal, nearly 22 percent over the present Rs.1,375 paid to farmers. World Bank-IMF meetings end with call for reformISTANBUL - The annual meeting of the World Bank and International Monetary Fund was formally concluded Wednesday in Istanbul with an appeal to nations to pursue reforms while dealing with the global economic crisis. Cable & Wireless beats slowdown blues, grows by 35 percentBANGALORE - World’s leading communication services provider Cable & Wireless grew by 35 percent in the first six months (April-Sep) of this fiscal despite the economic slowdown, a top company official said Wednesday. Climate talks still stuck on key issues: IndiaBANGKOK - Talks to finalise a climate treaty in time for December’s Copenhagen summit are still stuck over key issues of the extent to which industrialised countries will reduce their greenhouse gas (GHG) emissions and how much they will pay developing countries to deal with global warming, India’s top climate negotiator said here Wednesday. Asian stock markets extend gains amid renewed faith in global recovery; Europe little changedHONG KONG — Asian stock markets and oil prices extended their advance Wednesday amid renewed faith a recovery in the global economy was sustainable. European shares were little changed. Thousands of Romanian workers protest low wages outside government HQ; traffic blockedBUCHAREST, Romania — Thousands of Romanian workers from all over the country protested low wages in the capital on Wednesday, rallying outside government headquarters to demanded leaders do something to increase their pay. Taipei funeral parlour uses heat from cremations to brew coffeeTAIPEI - A Taipei funeral parlour is using the heat saved from cremations to operate air conditioners and to brew coffee for mourners, the director of the parlour said Wednesday. ‘Floods, drought derailing India’s fight against poverty’NEW YORK - The massive food scarcity in India due to floods and drought is impacting hundreds of millions, derailing ongoing humanitarian work by years and adding to other serious socio-economic woes, warns the US-based non-profit World Vision. Air Arabia announces low-fare festive bonanza for IndiansMUMBAI - Flying to the Arabian Gulf during Diwali or Christmas? You can do it for as low as Rs.3,037 ($60) per head with Air Arabia, the Sharjah-based low-cost carrier. Police break up second day of anti-IMF protest in IstanbulISTANBUL — Protesters hurled firebombs at banks and police and smashed shop windows in a second day of protests Wednesday against the International Monetary Fund. Japan foreign minister says US troop burden on Okinawa needs to be easedTOKYO — Japan’s new foreign minister said Wednesday that he wants to review the deployment of U.S. troops in his country to ease the burden on the people of Okinawa and ensure that the American military presence in Japan endures. |
Topics
Poll Loading ...Latest TweetsEconomy
Latest Friend FeedsEconomy
|
