World's Richest Woman Stakes Claims On Australian Newspapers, Editors Fight Back
The world's richest woman is poised to take control of Fairfax Media, one of Australia's oldest and most-respected publishing companies.
Fitch Revises Outlook On Indian Financial Institutions To Negative From Stable
Fitch Ratings Wednesday revised its outlook on 11 India-based financial institutions to negative from stable while affirming the rating. Fitch revised the outlook on the Indian Railway Finance Corporation Limited's (IRFC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to negative from stable and affirmed the ratings at 'BBB-'.
Asian Stocks Rise Amid Speculation On Fed Stimulus Measure
Asian markets rose Wednesday amid speculation that the U.S. Fed will announce monetary easing measures to rejuvenate the economy.
India Upgrades Dalai Lama?s Security Over Chinese ?Plot?
While Beijing officials dismissed the Dalai Lama?s claims as an absurd hoax, Indian officials took the threat seriously.
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Asian Stocks Fall Amid Fading Greek Optimism
Asian markets fell Tuesday as investor concerns on the euro zone debt crisis were revived amid fading optimism after the Greek elections and increasing borrowing costs of Spain.
Horror In India: Father Beheads Daughter For ?Indecent Behavior?
Beheadings have a long and horrific history in India.
Selling The Farm: Human Rights And The Real Price Of Progress In Ethiopia
A new report shows that the Ethiopian government, caught up in an ambitious, nationwide agricultural overhaul, is facilitating the mistreatment and forced relocation of small-scale farmers in Omo Valley.
RBI Rate Decision Pressures Delhi For Fiscal Action
The surprise decision Monday by the Reserve Bank of India to hold its interest rate steady because of inflation concerns puts fresh pressure on the ruling Congress Party to find a fiscal solution to the country's flagging economy.
QElusional?
After the positive effects of the Greek election fade, markets will shift focus toward the Federal Reserve announcement scheduled for Wednesday.
BRICS To Unveil Major Increase In European Bailout Aid
The BRICS are expected to release data Monday on their contributions to the International Monetary Fund/European bailout package at the G-20 Summit in Mexico.
Indian Markets Fall After RBI Disappoints Investors
Indian markets fell Monday after the Reserve Bank of India (RBI) announced that the key rates would remain unchanged.
Asian Stocks Rise As Greek Election Results Ease Euro Zone Concerns
Asian markets rose Monday as investors were relieved after the pro-bailout parties won Sunday's elections in Greece.
Reserve Bank Of India Disappoints Industry, No Rate Cuts Now
The Reserve Bank of India disappointed the industry as it left the repo rate and cash reserve ratio unchanged at 8 percent and 4.75 percent, respectively, in its mid-quarter policy review Monday. The reverse repo rate, at which banks lend money to the RBI, also remains unchanged at 7 percent.
Taliban Praise India For Resisting US Call For More Active Role In Afghanistan
Notwithstanding India's strong opposition to the Taliban, the religious extremist group Sunday praised New Delhi for resisting the U.S. call for greater involvement in Afghanistan.
India Will Be Sixth Among World?s Top 10 Wealth Markets By 2012 End: Report
India despite its slowing economic growth is poised to emerge as the top sixth wealth market in the world, according to Datamonitor's 2012 global wealth market report.
Week Ahead: Greek Election Results, FOMC Meeting To Set Tone For Asian Markets
Asian stock markets advanced for the second straight week on expectations that major central banks in the world would act to tackle deteriorating global economic conditions.
Samsung Galaxy S3 Release Date For Verizon Users And Canadian Markets Delayed, Verizon To Get Roaming Software After Launch
The highly anticipated Samsung Galaxy S3, which has already racked up 9 million pre-orders globally, has pushed back its release date in Canada and for Verizon buyers. Users in Canada will have to wait until June 27 for Samsung?s flagship device, and Verizon subscribers won?t be able to get the phone until July 10.
Indian Finance Minister Expects RBI Will ?Adjust Monetary Policy? Monday
Indian Finance Minister Pranab Mukherjee Saturday expressed confidence that the Reserve Bank of India would adjust the monetary policy on its mid-quarter monetary policy review June 18.
Enforcement Of Outdated Law To Curb Alcohol Consumption In Indian City Brews Discontent
The announcement by the city authorities in Mumbai, the financial capital of India, last month that license would be needed for consuming alcohol have raised many eyebrows.
Lack of Infrastructure And Congestion In Indian Ports Affect Exports
Lack of infrastructural facilities in Indian ports is negatively affecting exports as the ports are struggling to cope with commodity traffic. Ports are unable to handle the container and vessel traffic despite a decline in economy and exports.
US Sen. Coburn Seeks Cuts To Agro-Marketing Subsidies
As the U.S. Senate grapples with how to allocate about $100 billion a year for the next decade on food policy, one subsection of the farm bill is under attack, namely, the $200 million U.S. taxpayers spend every year to subsidize the marketing of well-established brands found in virtually every American pantry.
Indian Presidential Election: Finance Minister Pranab Mukherjee Is Ruling Alliance?s Candidate
The ruling Congress-led United Progressive Alliance (UPA) in India Friday announced that Finance Minister Pranab Mukherjee would be its candidate for the presidential elections slated for July 19.
India Rate Cuts: Short-Term Sacrifice Of Growth Is A Small Price To Pay For Controlling Inflation, Says RBI Governor
The Reserve Bank of India will hold its mid-quarter monetary policy review June 18 amid strong demands from the industry and economists for a cut in interest rates. However, the central bank is still weighing the options on rate cuts as curtailing inflation remains top priority.
Rio+20 Earth Summit Facing Deadlock, Delegates Walk Out Of ?Green Economy? Talks
Asserting the importance of cash and intellectual property to implement the proposed measures for a sustainable economy, a senior Brazilian negotiator warned against using Europe's financial crisis as an excuse for inaction and underfunding at the Rio+20 conference in Brazil Thursday.
Asian Stocks Rise On Stimulus Hopes
Asian markets rose Friday as investor confidence was boosted by expectation for stimulus measures from policymakers globally.
Indian Telecom Company Bharti Airtel Ordered To Pay Rs 7 Billion For Tax Evasion
The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has asked Indian telecom company Bharati Airtel to pay over Rs 70 billion fine for evading customs duty by undervaluing hardware imports.
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