- UAE Restricting Visas For Immigrants Workers From Asia
September 18 2012 5:23 PM
The UAE is making it more difficult for immigrant laborers to enter the country on tourist and other short-term visas in a bid to prevent foreign criminals from entering the country under the guise of looking for work. The rapidly developing country has been built up with immigrant labor mostly from South Asia, who form a majority of the Gulf nation's 8 million plus population.
- Coalition Partner Withdraws From Indian Government Over Economic Reform Plans
September 18 2012 2:13 PM
Mamata Banerjee, the chief minister of the state of West Bengal, declared that her party, the All India Trinamool Congress ? currently the second largest segment of the ruling United Progressive Alliance (UPA) coalition ? could no longer cooperate with the UPA.
- Abortions Of Female Fetuses Creating Widening Gender Imbalance In India
September 18 2012 12:12 PM
The high abortion rate of female fetuses has led to a dramatic gender imbalance in India ? over the fifty-year period from 1961 to 2011, the number of girls born per 1,000 boys plunged from 976 to 914, according to the census.
- Worldwide Cloud Services Market To Surpass $109B In 2012: Gartner
September 18 2012 6:45 AM
The worldwide cloud services market is estimated to grow 19.6 percent in 2012 to surpass the $109-billion mark, according to a new report by Gartner.
- India's Consumer Price Inflation Touches 10.03% in August
September 18 2012 5:33 AM
India's retail inflation rate increased to 10.03 percent in August from 9.86 percent recorded in July, mainly driven by higher food prices, according to the data released by the Ministry of Statistics and Program Implementation.
- People Take To The Streets As Protests Rage Across The Globe
September 17 2012 5:53 PM
Photos from demonstrations around the world Friday through Monday, including Occupy Wall Street in New York, marches against austerity in Europe, anti-Japan demonstrations in China, and street action in the Muslim world.
- Elephants In India Are Getting Fat. No, Really.
September 17 2012 2:59 PM
Elephants who are kept by Hindu temples in the south of India are getting dangerously obese, and efforts are now underway to help them slim down.
- Pakistan Shuts Down YouTube To Block Access To 'Innocence Of Muslims' Film
September 17 2012 2:27 PM
Pakistan has ordered the shutdown of the video-sharing website YouTube in order to prevent any further violence related to the anti-Islamic film ?Innocence of Muslims.?
- Anti-'Innocence of Muslim' Protests Expand, Suspected Filmmaker Nakoula Taken In For Questioning
September 17 2012 11:46 AM
The man suspected to be Sam Bacile, the director behind the anti-Islam film "Innocence of Muslims," Nakoula Basseley Nakoula, was taken in for questioning on Saturday by the L.A. police. Meanwhile, protests in Afghanistan and Jakarta turned violent, and Al-Qaeda called last week's bombing of the U.S. Embassy in Benghazi that killed Ambassador Chris Stevens a "great event."
- Pre-Opening Soy Complex Market Report 9/17
September 17 2012 10:39 AM
November soybeans are trading 29 cents lower near 7:30 am cst. Soybean meal and oil are also trading sharply lower. The Malaysian Palm Oil market was closed for holiday but it is being reported that Malaysian palm oil exports for September 1-15 rose by 12.1% to 680,112 tonnes from 606,449 tonnes for the same period in August. China soybeans were down 1.3% overnight. There were 76 soybean deliveries and 5 soybean meal deliveries after the close Friday. There were also 249 soybean oil deliveries b...
- Morning Silver Market Report
September 17 2012 10:30 AM
December silver futures overnight have started out on a weaker footing, after a rather stellar run up last week. Perhaps silver was indirectly undermined by a minor silver price forecast reduction from a major European bank overnight or perhaps silver was simply put off balance as a result of adverse outside market action. In fact, weaker global equities, weaker energy prices and adverse currency market action has probably prompted some profit taking in December silver after last week's low t...
- Morning Gold Market Report 9/17
September 17 2012 10:29 AM
While December gold managed to climb to the highest level since late February last week, in the wake of the aggressive easing talk from the US Fed, gold prices this morning have started out on a back foot. Tensions in China, an increase in Indian diesel fuel prices late last week, weak equities and a stronger Dollar have given the bear camp a minor edge to start the new trading week. However, aggressive promises from the US Fed and signs of positive reforms in India ahead could serve to underpin...
- Salman Rushdie Urges Publishers To 'Be Braver'
September 17 2012 9:23 AM
The British author's memoir Joseph Anton, about living for years under a state-sponsored call for his murder, is set to be released Tuesday amid worldwide anger over the Innocence of Muslims film that Iran's Ayatollah Hassan Sanei blames on him.
- RBI Holds Repo Rate Despite 'Big Bang' Reforms
September 17 2012 5:03 AM
The Reserve Bank of India (RBI) left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs.
- Asian Stocks End Mixed; Shanghai Tumbles 2.14%
September 17 2012 4:57 AM
Asian stock markets ended mixed Monday after they rallied to a four-month high in the previous session following the U.S. Federal Reserve's move to boost growth in the world's largest economy with a third round of bond purchases.
- Reserve Bank Of India Cuts CRR By 25 Basis Points, Keeps Other Key Rates Unchanged
September 17 2012 2:32 AM
In a surprise move, the Reserve Bank of India Monday cut the cash reserve ratio by 25 basis points while keeping the other key rates unchanged in its Mid-Quarter Monetary Policy Review 2012.
- India's 'Big Bang Friday' Reforms Might Just Stick
September 17 2012 1:35 AM
There were quiet celebrations in the offices of Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy.
- Lewis Hamilton Not Distracted by Contract "Rubbish"
September 16 2012 3:11 PM
The Formula One star made his feelings clear about contract negotiations.
- Week Ahead: Asian Stock Markets To Be Moderately Bullish
September 16 2012 12:15 AM
Asian stock markets posted their biggest weekly gains in almost nine months after the U.S. Federal Reserve announced that it would purchase $40 billion in mortgage-backed securities per month for an open-ended period until the labor market improved substantially.
- 1B Cell Users And No iPhone In India's Hot Mobile-Apps Market
September 15 2012 1:34 PM
Only two countries are members of the 1 billion mobile phone users club: China and India. In the latter, Nokia and Samsung are battling for the top spot, but their big worldwide rival is an Indian no-show: Apple and the iPhone. Here's why and what's at stake.