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Wednesday, March 10, 2010

China's exports see big increase - BBC Business News
China's exports surged 46% in February, figures show, raising hopes of a strong recovery in global trade.

Air India to lose Rs 5.400 cr in 2009-10: Patel - Business News By IBN Live
The airline is waiting for a cabinet nod to raise its working capital by Rs 1,000 cr.

View chat: BMW vs Merc: Battle of luxury cars - Business News By IBN Live
Did you say recession? Well, it certainly does not seem to be the case in the luxury car market in India!

Govt has no plans now to sell stake in ONGC, IOC - Oil secy - Top News By Reuters
NEW DELHI (Reuters) - The government has no immediate plans to sell stake in state-run Oil and Natural Gas Corp (ONGC) and Indian Oil Corp (IOC), Oil Secretary S. Sundareshan told reporters on Wednesday.

Gunmen attack Western aid office in Pakistan - Top News By Reuters
ISLAMABAD (Reuters) - Suspected Islamist militants attacked the office of a Western aid agency in Pakistan with a bomb and gunfire on Wednesday, killing up to 5 people, police said.

Toyota, U.S. officials investigate runaway Prius - Top News By Reuters
LOS ANGELES/DETROIT (Reuters) - U.S. safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to reassure consumers shaken by its recall crisis.

Dalai Lama speech to appeal to elite in Tibet - Top News By Reuters
BEIJING (Reuters) - Tibet's exiled spiritual leader the Dalai Lama will appeal to the elite in the Chinese-run Himalayan region in a speech on Wednesday, inviting them to visit communities of exiled Tibetans.

INTERVIEW - Tata Steel sees iron ore prices rising - Top News By Reuters
SAN FRANCISCO (Reuters) - Iron ore prices are headed as much as 35 percent higher this year and will likely pressure the profit margins of steel companies, Tata Steel Ltd Vice Chairman B. Muthuraman said on Tuesday.

Atlas Iron to acquire Aurox to boost port capacity - Top News By Reuters
SYDNEY (Reuters) - Australian iron ore producer Atlas Iron is seeking to acquire Aurox Ltd in a A$143 million ($130.8) scrip offer to secure additional port capacity as it beefs up production to meet Chinese demand.

Aurox eyes merger with iron ore miner Atlas - Top News By Reuters
SYDNEY (Reuters) - Australian junior miner Aurox said on Wednesday it had agreed to an all-scrip merger with Atlas Iron, an emerging iron ore producer.

UK bank fraud 'moves to internet' - BBC Business News
Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, new research shows.

Doctom Crash - BBC Business News
10 years on from the burst Nasdaq bubble

Royal junk mail - BBC Business News
Why postal reforms are good news for direct mailers

Chat@4pm: BMW vs Mercedes: Battle in luxury car market - Business News By IBN Live
Did you say recession? Well, it certainly does not seem to be the case in the luxury car market in India!

Obama backs Greece on speculators - BBC Business News
President Barack Obama has 'responded positively' to calls to clamp down on market speculators, says the Greek PM after talks.

EU concern over end of tanker bid - BBC Business News
Brussels says it hopes European aerospace group EADS was not prevented from fairly bidding for a major US defence deal.

Aer Lingus to make 670 job cuts - BBC Business News
Aer Lingus announces plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of restructuring plans.

UK trade gap at 17-month high - BBC Business News
The UK goods trade deficit with the rest of the world widens in January, causing the pound to dip below $1.50.

BA strike talks deadline extended - BBC Business News
Talks aimed averting strike action by BA cabin crew have been extended by an extra half day to Wednesday lunchtime.

Sony eyeing June launch of 3D TV - BBC Business News
Electronics giant Sony says its new 3D television will be on sale in Japan from June, with a cost of £2,600 for a 46-inch screen model.

Eurotunnel makes profit in 2009 - BBC Business News
Eurotunnel, which manages the Channel Tunnel, makes an annual profit of 1.4m euros despite a "poor economic environment".

Toyota rejects electronics fears - BBC Business News
Toyota rejects claims that faulty electronics could be behind its worldwide recall of more than eight million cars.

Legoland firm sees more visitors - BBC Business News
Madam Tussauds, Sea Life and London Eye owners, Merlin, weathers the downturn with visitor growth and expansion plans.

Brazil slaps trade sanctions on US - BBC Business News
Brazil is backed by the WTO as it slaps trade sanctions against US imports in retaliation for illegal subsidies to cotton farmers.

Photographer Annie Leibovitz snaps up debt rescue deal - BBC Business News
Photographer Annie Leibovitz does a deal with Colony Capital to clear huge debts that meant she may have lost her library of famous pictures.

No guarantee on 2012 lottery cash - BBC Business News
The Olympic Delivery Authority says it cannot guarantee all National Lottery money used for London 2012 will be returned.

West Brom to support Chile appeal - BBC Business News
West Brom's shirts will feature a "Help Chile" logo for the home game with Sheffield Wednesday.

Fuel fighters - BBC Business News
Boeing wins lucrative mid-air refuelling battle

Haiti challenge - BBC Business News
Rebuilding a devastated economy

Final call - BBC Business News
Brendan Barber on pension scheme closures

Greece asks US for its assistance - BBC Business News
Greece's prime minister asks the US to crack down on speculators he blames for worsening his country's debt woes.

Retail sales rebound in February - BBC Business News
Retail sales bounced back in February after a tough January on the High Street, the latest figures show.

House price rises 'to ease off' - BBC Business News
Further rises in house prices may be held back by more properties coming onto the market, surveyors have said.

M&S boss says he expects pay cut - BBC Business News
Marks and Spencer's chairman and chief executive will reduce his role in the company this year - and says he will take a pay cut.

Chevron looks for refinery buyer - BBC Business News
The Chevron oil firm is looking for bids for a refinery that directly employs around 1,400 people in Pembrokeshire.

Northrop and EADS exit tanker bid - BBC Business News
Northrop Grumman and EADS pull out of bidding for a $35bn US Air Force air-to-air refuelling tanker contract.

Payment protection rules delayed - BBC Business News
The Financial Services Authority is delaying its plans to combat the mis-selling of payment protection insurance.

Npower will cut gas bills by 7% - BBC Business News
Energy company Npower is to cut domestic gas bills by 7% from 26 March, following price cuts by other suppliers.

'Sharp cut' in pensions deficit - BBC Business News
A sharp cut has been reported in the deficit of final salary pension schemes in the private sector, figures show.

'Low morale' hits tax authority - BBC Business News
Low morale and poor leadership is affecting performance at HM Revenue and Customs, a report by MPs says.

Sonia Gandhi says coalition intact after bill row - Top News By Reuters
NEW DELHI (Reuters) - Congress party head Sonia Gandhi said on Tuesday its ruling coalition was intact, despite a key ally breaking ranks to abstain as a bill to reserve a third of parliamentary seats for women was passed by the Rajya Sabha.

Dalai Lama speech to appeal to elite in Tibet - Top News By Reuters
BEIJING (Reuters) - Tibet's exiled spiritual leader the Dalai Lama will appeal to the elite in the Chinese-run Himalayan region in a speech on Wednesday, inviting them to visit communities of exiled Tibetans.

Arms, energy to dominate Russia's Putin India trip - Top News By Reuters
MOSCOW (Reuters) - Russian Premier Vladimir Putin will offer a traditional cocktail of arms and oil deals when he travels to India on Thursday to persuade a Cold War ally to buy new weapons amid rising competition with the United States.

China and India endorse Copenhagen climate deal - Top News By Reuters
NEW DELHI (Reuters) - China and India joined almost all other major greenhouse gas emitters on Tuesday in signing up to the climate accord struck in Copenhagen, boosting a deal strongly favoured by the United States.

UK singer Cliff Richard turns to jazz to mark 70th - Top News By Reuters
LONDON (Reuters Life!) - Veteran British singer Cliff Richard will mark his 70th birthday with the release of an album of jazz and swing music, he announced on Tuesday.

Netherlands reach World Cup semi-finals despite Korea loss - Top News By Reuters
NEW DELHI (Reuters) - Netherlands reached the men's hockey World Cup semi-finals despite losing 2-1 to South Korea as they edged out their opponents on goal difference on Tuesday.

POLL - RBI seen raising rates in April - Top News By Reuters
MUMBAI (Reuters) - The Reserve Bank of India is widely expected to increase short-term interest rates at its policy review in April and a slight majority of analysts surveyed also see it further increasing banks' reserve requirements.

FACTBOX - China and India endorse Copenhagen climate plan - Top News By Reuters
REUTERS - China and India signed up to the Copenhagen Accord for fighting climate change on Tuesday, joining almost all other major greenhouse gas emitters in endorsing the non-binding pact.

Canadian jury dismissed in Air India perjury trial - Top News By Reuters
VANCOUVER (Reuters) - A Canadian judge on Monday dismissed a jury as it was about to hear the perjury trial of Inderjit Singh Reyat, who is accused of lying in court about an Air India bomb plot 25 years ago, saying he feared the panel may have been tainted.

Chocolate-powered racecar makes sustainability sexy - Top News By Reuters
BOSTON (Reuters Life!) - Fueled by leftover chocolate and with components made from carrots, potato starch and flax, the world's first sustainable Formula 3 racing car has a top speed of 135 miles per hour and can go from zero to 60 in 2.5 seconds.
Tuesday, March 09, 2010

Force India target podiums as well as points - Top News By Reuters
LONDON(Reuters) - After securing their first points in Formula One last season, Force India have set their sights on more than one podium finish in 2010.

MetLife seals Alico deal after two-year quest - Top News By Reuters
NEW YORK (Reuters) - MetLife Inc pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.

IOC tenders to buy more crude oil for May - Top News By Reuters
LONDON (Reuters) - State-owned refiner Indian Oil Corp (IOC) has tendered to buy one or more cargoes of crude oil for loading in May, a tender document showed on Monday.

Govt seeks to cut stake in State Bank to 51 pct - Business News By IBN Live
The disinvestment would generate revenue worth $2.5 billion.

Forbes India: Sunil Mittal's bold African safari - Business News By IBN Live
He isn't walking into a park with plans to buy Zain Telecom's African business.

AIG selling second overseas unit - BBC Business News
AIG sells an insurance group to rival MetLife for $15.5bn, as it continues to raise funds to pay off a federal bail-out.

Brussels to mull 'European IMF' - BBC Business News
Europe may set up a version of the International Monetary Fund to bolster the eurozone's financial stability.

Aer Lingus delays profit figures - BBC Business News
Aer Lingus, the Irish airline, has delayed plans to unveil its results Tuesday after cabin crew rejected a cost-cutting proposal.

Internet access 'a human right' - BBC Business News
Almost four in five people worldwide see internet access as a fundamental right, a poll for the BBC World Service suggests.

India's Essar 'planning UK float' - BBC Business News
Indian conglomerate Essar Group is reported to be planning to float on the London Stock Exchange, a move that could raise up to $3bn.

Car sales see continued recovery - BBC Business News
UK car sales in February were up by 26.4% compared with the same month last year, industry figures show.

Scots ski resorts in bumper year - BBC Business News
Scotland's five mountain ski centres are enjoying their best season in years, national body Ski-Scotland says.

Deal agreed in Royal Mail dispute - BBC Business News
A deal is reached in the long-running dispute at Royal Mail over modernising the postal service which led to strikes last year.

E.On is latest to cut gas prices - BBC Business News
E.on says it will cut gas bills by 6% from 31 March, saving almost two million customers an average of £42 a year.

Bovis turns profit on thin sales - BBC Business News
Homebuilder Bovis returned to profit in 2009, but sales were far below pre-recession levels, the company says.

Mortgages 'more easily available' - BBC Business News
The number of mortgage deals on offer to borrowers rose by 6% in the past month, according to Moneyfacts.

Guaranteed work scheme empowers women in Rajasthan - Top News By Reuters
BHILWARA (Reuters AlertNet) - India's pioneering scheme to provide 100 days of guaranteed work to millions of impoverished and marginalised people is not only helping to lift rural households out of poverty, aid workers say, but also empowering women.

Inflation seen moderating - RBI - Top News By Reuters
BASEL (Reuters) - Inflation in India should moderate in the coming months and the central bank will ensure interest rate levels do not have a negative impact on the competitiveness of the economy, the head of Reserve Bank of India said on Monday.

Karun Chandhok faces tough debut in Bahrain - Top News By Reuters
LONDON (Reuters) - Karun Chandhok has no illusions about what awaits him this weekend when India's sole Formula One driver makes his debut barely a week after sealing the deal.

Congress loses support over women's bill - Top News By Reuters
NEW DELHI (Reuters) - Two political parties withdrew support for India's ruling Congress party on Monday to protest a controversial bill reserving one third of seats for women, possibly weakening the government's capacity to pass laws.

Australia beat Pakistan to qualify for World Cup semis - Top News By Reuters
NEW DELHI (Reuters) - Tournament favourites Australia advanced into the semi-finals of the men's hockey World Cup on Monday after they beat Pakistan 2-1 in a pulsating match to finish top of Pool B.
Monday, March 08, 2010

Greek woes 'unlikely to spread' - BBC Business News
Greece's financial crisis is unlikely to spread to other eurozone countries with high debt levels, says the head of the IMF.

Kraft 'faces probe' over Cadbury - BBC Business News
Kraft is being investigated over plans to close a Cadbury factory it had indicated it would keep open, a report says.

Firms 'miss out on female talent' - BBC Business News
The world's leading companies are failing to make the most of their female workforce, a World Economic Forum report says.

Shell in joint bid for gas firm - BBC Business News
Royal Dutch Shell and PetroChina launch a joint takeover bid for Australian liquefied natural gas group Arrow Energy.

Fujitsu row over boss's departure - BBC Business News
Shares in Fujitsu fall 2.7% due to a dispute with its former president over the reason for his resignation last year.

Jaguar XJ 'has safeguarded jobs' - BBC Business News
About 2,000 manufacturing jobs in the West Midlands have been safeguarded by production of the Jaguar XJ sedan, a car industry advisory group says.

Offer to buy Rangers is imminent - BBC Business News
Three parties are interested in bidding to take control of Rangers, BBC Scotland has learned.

Cardiff fans protest over club finances - BBC Business News
Cardiff City supporters show their dissatisfaction with the current board, which is headed by Peter Ridsdale.

Balance finances sooner, says CBI - BBC Business News
The CBI is urging ministers to deliver a "convincing" plan for balancing public finances by 2016, earlier than planned.

Civil servants on strike over pay - BBC Business News
Up to 270,000 staff are staging a 48-hour walkout in a dispute over cuts to public sector redundancy terms.

France offers support to Greece - BBC Business News
France's President Sarkozy says his country will stand "resolute" with Greece as it imposes economic austerity measures.

Probe halts pub development plan - BBC Business News
Plans by the UK's biggest pub company to convert a community pub into a housing development are halted following a BBC investigation.

Belgravia square tops homes list - BBC Business News
The housing market may have been fluctuating, but the most exclusive street in England and Wales remains unchanged.

Building societies discuss merger - BBC Business News
The Coventry Building Society is discussing the possibility of merging with the Stroud and Swindon.

Bomb attack on Pakistani police kills 12 - Top News By Reuters
LAHORE, Pakistan (Reuters) - A suicide car bomb attack on a police intelligence unit in Lahore killed at least 12 people and wounded about 65 during Monday's morning rush hour, officials said.

Reliance offer not sufficiently valuable - Lyondell - Top News By Reuters
MUMBAI (Reuters) - An offer from energy major Reliance Industries was not sufficiently valuable to LyondellBasell to abandon its reorganisation plan, Lyondell said in a court filing on Monday.

Asia-Pacific women lack economic power, rights - U.N. - Top News By Reuters
NEW DELHI (Reuters) - Women in the Asia-Pacific region have little economic and political power, impacting economic growth prospects of developing nations, the United Nations said in a report released on Monday.

Feb car sales hit record high; March seen up - Top News By Reuters
NEW DELHI (Reuters) - Car sales jumped by a third in February to a record as buyers rushed to beat higher taxes in the budget and the momentum should continue in March before new emission norms kick in and push up prices.

'Hurt Locker' sweeps Oscars and makes history - Top News By Reuters
LOS ANGELES (Reuters) - "The Hurt Locker" director Kathryn Bigelow battled her way into Oscar history books on Sunday, topping her movie's best film honour with her own Academy Award for directing to become the first woman ever to earn that distinction.
Last updated :
Wednesday, March 10, 2010 - 12:33