Nish Amarnath

  • A handshake between two business partners
    Growing Spats Between Countries Leads To Need For More Cross-Border Lawyers

    August 03 2012 11:56 PM

    The number of fresh arbitration cases filed with the International Center for Settlement of Investment Disputes last year reached its highest level in four decades, the ICSID said in a report last week.

  • A bank-owned villa on sale
    Fed To Come Up With A Fresh Revival Strategy in September: Analyst Insight

    August 03 2012 3:46 PM

    The Fed will drop its wavering plans for a fresh spate of monetary stimulus measures, according to Bernard Baumohl, chief global economist at the Economic Outlook Group.

  • Gold Prices Fall More Than 1 Percent As Fed Disappoints
    Euro Zone Breakup Expected To Jack Up Gold Prices: Report

    August 03 2012 2:22 PM

    The exit of one or more countries from the euro zone could drive gold prices significantly higher by the end of this year, according to a Friday Capital Economics report.

  • Heineken Paying $4B for Stake In Asia-Pacific Breweries

    August 03 2012 10:37 AM

    Dutch company Heineken (PINK: HINKY) said Friday it will pay about $4.08 billion to Singapore-listed conglomerate, Fraser and Neave (SGX: F99), for its stake in Asia Pacific Breweries (SGX: A46), one of Asia's largest brewers.

  • London 2012 Opening Ceremony
    Will The London 2012 Olympics Save The UK Economy?

    August 03 2012 5:55 AM

    At a time when the U.K. is in a recession, what will the Olympics mean for the country's sagging economy? Will the event worsen the ongoing recession or help initiate economic recovery?

  • A man holds his envelopes as he waits in line to mail his family's income tax returns at a mobile post office near the Internal Revenue Service building in downtown Washington
    Crooks Cost Government Billions More In Identity Theft

    August 02 2012 5:29 PM

    As Congress makes it easier for taxpayers to collect refunds from the Internal Revenue Services (IRS), scores of crooks have been stealing people's identities, costing the debt-ridden federal government billions of dollars.

  • Jobless Greeks wait in line outside an unemployment bureau in Athens
    Greeks Pack Off To Germany In Droves

    August 01 2012 3:29 PM

    Thalia Paraskeva, 24, was getting increasingly desperate. Equipped with a degree in graphic design from Athens, she had no luck finding a job in Greece. One day, she booked a ticket to Berlin and swiftly packed some dresses, a jacket, a pair of snug boots and a Greek-German dictionary before boarding the plane.

  • Iraq’s largest oil refinery, Baiji
    Despite Oil Reserves And Billions In International Aid, Iraq's Economy Falters

    August 01 2012 11:36 AM

    The financial situation in Iraq, one of the world's largest reservoirs of crude oil, has become grave.

  • Shocking Fraud In For-Profit Colleges: Senate Probe

    July 31 2012 5:33 PM

    For-profit colleges, which are squandering their resources at the expense of students' outcomes, are bilking the government and the public, a two-year investigation led by Sen. Tom Harkin (D-Iowa), chairman of the U.S. Senate Committee on Health, Education, Labor and Pensions, concluded.

  • People wait to enter a government job centre in Malaga, southern Spain January 27, 2012. Spain's unemployment rate rose to 22.9 percent in the fourth quarter of this year, passing the five million mark, data from the National Statistics Institute sho
    With Euro Zone Joblessness Sky High, Its Survival Is At Risk: Analyst

    July 31 2012 1:23 PM

    The number of unemployed people across all 17 euro zone countries soared 11.2 percent to 17.8 million in June -- up 1 percentage point from the year before, Eurostat, the European Union's statistical agency, reported Tuesday. Euro zone unemployment among people younger than 25 rose to 22.4 percent.

  • Americans Earned More, Spent Less In June

    July 31 2012 11:28 AM

    Despite rising income at the end of the second quarter, U.S. consumer spending fell in June by 0.1 percent from the month before, the Commerce Department said on Tuesday.

  • Wheat prices to double in 2012
    US Weather Woes Crimp Wheat Supply In Europe: Analyst Insight

    July 30 2012 4:27 PM

    The wheat production downgrade, made after corn and soybean prices reached fresh, all-time highs, is a blow for global wheat suppliers, especially those in Canada and the Black Sea, which includes Russia, Kazakhstan and Ukraine, Barclays PLC said on Monday.

  • Chicago Bridge & Iron To Acquire The Shaw Group For $3B

    July 30 2012 11:26 AM

    Energy infrastructure company Chicago Bridge & Iron Company NV (NYSE: CBI) will buy The Shaw Group Inc. (NYSE: SHAW), a Baton Rouge, La.-based engineering and construction firm, for about $3 billion in cash and stock, the companies said Monday.

  • Pfizer Earnings Preview: Profit Down On Falling Sales

    July 30 2012 11:16 AM

    Pfizer Inc. (NYSE: PFE), the world's largest drug developer by revenue, is expected to report a decline in second-quarter profits on declining sales of its top-selling cholesterol drug Lipitor and generic competition for its glaucoma pill Zalatan.

  • Customers shop at Macy's department store in New York
    US Retailers Dig Their Own Grave

    July 29 2012 7:58 PM

    The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.

  • A UK Border Agency worker poses with a passport during a demonstration of the new facial recognition gates at Gatwick Airport near London
    Skills Shortage And Immigration Restrictions Will Damage UK Economy, Officials Warn

    July 29 2012 5:45 PM

    The U.K. Home Office's hard-nosed line on immigration cuts new avenues for job growth and business investments, further jeopardizing an economy that is under the sway of a double-dip recession.

  • Hong Kong Street Protests Against New Chinese-Influenced Curriculum Plan Expose Identity Crisis
    Hong Kong Street Protests Against A New Chinese-Influenced Curriculum Plan Expose An Identity Crisis

    July 29 2012 2:26 PM

    Thousands of irate protesters swarmed over Hong Kong's thoroughfares on Sunday and marched toward government headquarters to lash out against a government-proposed school curriculum plan, which they said was an attempt to indoctrinate students by lauding the feats of the Chinese Communist Party.

  • Chinese Parliament Set to Focus on Resolving Labour Concerns
    Why China Is Compounding The Woes Of A Sagging US Job Market

    July 27 2012 1:05 PM

    The influx of millions of conscientious and low-cost Chinese graduates in the global job market could exacerbate the woes of a U.S. job market that is already staggering from high unemployment.

  • UPS, DuPont, TI - Latest To Trim Outlook After Q2 Earnings Reports

    July 25 2012 7:27 PM

    Global economic uncertainty and the dreaded fiscal cliff have taken a toll on American consumer demand, affecting second-quarter revenues and urging companies to dim their forecasts. DuPont and Co, Texas Instruments, Inc. and United Parcel Service, Inc. are the latest to do so.

  • Test tubes filled with samples of bacteria to be tested are seen at the Health Protection Agency in north London March 9, 2011. Picture taken March 9, 2011. For decades scientists have managed to develop new medicines to stay at least one step ahead of th
    Merck Second-Quarter Earnings Preview: A Glimpse

    July 25 2012 4:25 PM

    Based on analyst estimates, Merck & Co. will report earnings of $1.01 a share on sales of about $12.16 billion -- an increase of 0.1 percent from the year-earlier quarter. The company posts its second-quarter earnings on Friday, before the opening bell.