Former Morgan Stanley Strategist Barton Biggs Dies At 79
July 16 2012 9:18 AM EDT
Former Morgan Stanley global market strategist Barton Biggs died on Sunday, according to an internal firm memo, The Wall Street Journal reported Monday.
Oracle Snags Involver, Latest Social Media Takeover
July 13 2012 12:27 PM EDT
Oracle (Nasdaq: ORCL), the No. 1 database developer, said it will acquire Involver, a five-year-old social media software developer, its third sector acquisition in three months.
China's Economic Growth Slowest in 3 Years
July 13 2012 7:09 AM EDT
China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.
India's Industrial Output in May Up by 2.4 Percent
July 13 2012 3:53 AM EDT
India's industrial output picked up more than expected in May, bolstering the case for the Reserve Bank of India (RBI) to keep interest rates high at its next policy meeting as a slow start to the monsoon puts pressure on inflation, especially food prices.
Thousands Of Nepali Hirls Trafficked To India As Sex Workers Every Year
July 12 2012 12:36 PM EDT
Nepali women, especially those of the Tamang ethnic group, have long been prized for their fair complexions and delicate features.
Yahoo Probes Breach Of 450,000 User Accounts
July 12 2012 12:06 PM EDT
Yahoo (Nasdaq: YHOO), the No. 3 search engine, acknowledged a security breach of a Singapore-based server from which a hacker group may have extracted log-ins for as many as 450,000 user accounts.
Search Engines: Google, Bing Shares Rose As Yahoo Fell
July 11 2012 4:35 PM EDT
No surprise: shares of the biggest search engine providers rose again in June while the weaker ones fell, market researcher comScore Inc. (Nasdaq: SCOR) said.
Why Have 26 Workers In Bahrain Committed Suicide This Year?
July 11 2012 4:07 PM EDT
More than 100 Indian laborers are trapped in Bahrain over a wage dispute with Nass Corporation. Some have no money to support their families in India and no hope of escape.
India Gets Its Third Stock Exchange; MCX-SX To Be Functional In Couple Of Months
July 11 2012 5:39 AM EDT
MCX Stock Exchange (MCX-SX) is all set to become India's third full-fledged stock exchange as it got license from the Securities and Exchange Board of India (SEBI) to trade in new asset classes, including equities, futures and options and other products.
Google Could Settle FTC Apple Charges For $25M
July 10 2012 9:16 AM EDT
Google (Nasdaq: GOOG), the No. 1 search engine, could pay $22.5 million to settle U.S. Federal Trade Commission complaints it infringed privacy of millions of customers of Apple (Nasdaq: AAPL), the Wall Street Journal reported.
World Economies Slowed In May, Even White-Hot Brazil Disappoints: OECD
July 09 2012 12:38 PM EDT
The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.
Amazon Could Start Selling Smartphones
July 06 2012 9:04 AM EDT
Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer, could be on the verge of selling its own smartphones which would be made by the same Taiwanese contractor used by Apple (Nasdaq: AAPL), the world's most valuable technology company, Bloomberg News reported.
Kenya Nixes Iranian Oil Imports Over Western Threats Of Sanctions
July 05 2012 9:13 AM EDT
Kenyan had signed a deal in June to purchase about 4 million tons of oil from the Iranian National Oil Company.
Amnesty For Illegal Migrants Symbolizes Poland?s Shift From Emigration Source To Economic Power
July 03 2012 11:00 AM EDT
On the whole, Poland has at least 40,000 illegal immigrants, with Vietnamese, Pakistanis and Ukrainians accounting for the bulk
Euro Zone Summit, GAAR Guidelines Boost Indian Markets; BSE Sensex Reaches Two-Month High
June 29 2012 7:31 AM EDT
India's BSE Sensex soared more than 430 points or 2.59 percent to a two-month high of 17448.48 Friday on positive global and domestic cues. The 30-share benchmark index opened at 17134.61 and reached a high of 17448.48 before closing down at 17429.98.
GAAR: India May Not Go For Retro-Taxing Of Overseas M&A
June 29 2012 7:06 AM EDT
A committee which was formed to give recommendations on the implementation of the controversial general anti-avoidance rules (GAAR) provisions in India released its draft guidelines Thursday night. The draft guidelines have clarified that the GAAR will not be applied retrospectively.
Iran Oil Sanctions: China Gets Exemption From White House; U.S. Will Boost Monitoring Of Banks
June 28 2012 4:05 PM EDT
Following an extended game of chicken, the Obama administration granted China and Singapore an exception to the Iranian oil sanctions, senior White House officials said Thursday.
EU Insurance Ban Picks Off South Korea From Iran's List Of Oil Importers
June 26 2012 6:21 PM EDT
South Korea announced it will halt imports of Iranian crude oil as the European Union's ban on insuring oil shipments from Iran comes into effect toward the end of the month.
S. Korea Bans All Iranian Oil Imports From July
June 26 2012 10:27 AM EDT
The world's fourth largest importer of Iranian crude added it would seek supplies from elsewhere, rather than follow the example of Japan and offer sovereign insurance guarantees for tankers shipping Iranian crude.
Facebook: Shares Surge Before Expected 'Buy' Flood From Underwriters
June 26 2012 9:01 AM EDT
Facebook (Nasdaq: FB), the No. 1 social networking site saw its shares rise 4 percent Tuesday many of the 33 underwriters of its $16 billion initial public offering on May 17 will be free to publish stock recommendations.