Pakistan Blocks Mobile Phone Service To Thwart Terror Attacks During Eid
August 20 2012 1:20 PM
Pakistani authorities feared that militants would use mobile service to coordinate attacks or detonate a remote-controlled bomb.
- Gold Price and Indian Demand Shifting Trends
August 20 2012 12:32 PM
One of the top stories in the financial markets in 2012 has to be the stagnation in the price of gold at around $1600 an ounce, which is down approximately 17% from its peak at $1920.30. Those bullish on the yellow metal have been disappointed in gold's performance while those bearish on the shiny metal have reveled in its stagnation, saying that gold's status as a safe haven is over.
Gold Demand Plunges In Top Global Markets: Will Emerging Markets Take Up Slack?
August 20 2012 10:41 AM
Gold prices continued to decline this week, dragging even lower due to unusually weak demand from China and India - the two largest gold consumers - that has extended for several months.
Infections Among Homeless Could Fuel Wider Epidemics: Study
August 20 2012 10:30 AM
With an estimated 650,000 homeless people in the United States and around 380,000 in Britain, experts said high levels of infection would not only cause yet more poverty and distress for those without homes, but could also become a wider problem.
Indian Minister Says 'Inflation Is Good For Farmers'; Gets Flak
August 20 2012 7:23 AM
Beni Prasad Verma, Indian Minister for Steel, remarked Monday that inflation was good for the country as it would benefit the farmers. His pithy observation has given the opposition parties more meat to attack the government.
India To Give Proof Of Pakistanis' Involvement In North-East Exodus Issue
August 20 2012 6:37 AM
India will present Pakistan with the proof of the involvement of Pakistani-based groups in fueling communal sentiments in India using social media and cellphone networks.
- Gold, Silver and Oil Price Outlook
August 20 2012 4:31 AM
According to thee latest report from the World Gold Council, demand for Gold fell to 999 metric tons in Q-2 of Y 2012, down more than -7% from the same period last year and -10% from Q-1. During Q-2, Gold price moved largest sideways within the range of 1500 and 1700. The lack of direction in price sent mixed signals to investment, leading to mildly net outflow of ETF and similar investment during the period. Geographically, China and India are still the largest consumer of the metal, accounting...
Clashes Expose Communal Divide as Elections Loom
August 20 2012 1:33 AM
The grisly scenes unfolding in the far-flung northeast may fan communal politics in a country where simmering tensions between Hindus and Muslims have often been exploited for electoral gain.
Showdown for Big Pharma in Supreme Court
August 20 2012 1:17 AM
The Supreme Court will hear final arguments starting this week in a landmark case over drug patents that could change the rules for the country's healthcare sector and potentially curb its global role as a supplier of cut-price generic medicines.
Miss World 2012 Winner: 5 Facts About Yu Wenxia, China?s Second Champion In The International Pageant
August 20 2012 12:11 AM
The Miss World 2012 title was awarded to Yu Wenxia on August 18, marking the second time that Miss China had been crowned the honor. The last time China won the Miss World competition was in 2007 when Zhang Zilin took the pageant.
- Weekly Fundamentals - Brent Slipped as US Plans Release of SPR
August 19 2012 3:52 PM
For the past week, bad economic data released in major economies surprisingly sent financial markets higher. While such reaction appeared peculiar, this was driven by market expectations of further stimulus from central banks. Investors largely believed that disappointing economic data would add pressure to policymakers so that they would feel the urgency of adding (unconventional) monetary easing measures.
Myanmar's Internal Commission To Probe Clashes Between Buddhists And Rohingyas
August 19 2012 3:30 AM
Myanmar government has set up a 27-member commission to probe the recent sectarian violence that killed dozens and displaced tens of thousands in the western state of Rakhine along the Bangladesh border, state media reported.
India Urges State Banks to Increase Lending for Consumer Durables
August 19 2012 2:05 AM
Finance minister urged state-run banks to increase lending for consumer durables on Saturday, saying this would help boost the manufacturing sector which has been caught up in the slowdown of the economy.
Asian Stocks Week Ahead: Market Participants To Focus On Stimulus Measures
August 19 2012 12:42 AM
Asian stocks ended mixed last week as market players continued to wait for policy makers to come up with bold stimulus measures to boost the weakening global economy.
Amtrak CEO Boardman Begs Congress For Billions In Funding But The Private Sector May Have To Right The Railroad
August 18 2012 12:56 PM
France, Germany, Spain, China and Japan, among other nations, have moved by leaps and bounds ahead of the U.S. in cutting-edge rail transportation (and in rail line profitability), while Amtrak struggles to survive on budgetary scraps from Congress. Many rail experts believe that only investments from the private sector and sovereign wealth funds can save Amtrak.
Panic-Stricken Northeasterners Continue To Flee Indian Cities; Three Arrested In Bangalore For Attacks
August 18 2012 6:32 AM
The rumor-fueled exodus of the people of North-East India from the South Indian states continues unabated for the fourth day, as assurances of safety by the central and state governments fail to assuage the fear of impending attacks among the people.
PM's Economy Panel Cuts GDP forecast, Warns of Rating Downgrade
August 18 2012 1:25 AM
Advisers to the prime minister issued a stern warning to the government on Friday on the need to rein in the country's fiscal and current account deficits to avoid the risk of a credit ratings downgrade to junk status.
CAG Warns of Billion-Dollar Losses on Coal, Airport Deals
August 18 2012 1:02 AM
The Comptroller and Auditor General (CAG) accused the government on Friday of allocating coal blocks, power projects and land for Delhi's flagship airport at a fraction of market prices, potentially costing the exchequer tens of billions of dollars in lost revenues.
India?s Economic Woes: Finance Minister Expected To Take Bold Measures
August 18 2012 12:34 AM
With the deepening of India's economic troubles, investors expect that Finance Minister P Chidambaram will take bold measures to boost the market confidence and rejuvenate growth.
India Temporarily Bans Mass Texting After Rumors Of Ethhic Violence Spark Exodus
August 17 2012 5:53 PM
India bans mass texting service to contain the spread of false rumors regarding potential attacks based on ethnic conflicts, hoping to stanch an exodus from Bangalore and calm widespread panic.