INDIA

Supermarket FDI Plan Moving 'Very Fast'

India is moving quickly on a plan to open its $450 billion retail sector to global players such as Wal-Mart, the country's industry secretary said on Wednesday, in a sign the government may be pressing ahead with a key reform.

High Energy Prices Limit India Monetary Policy - RBI Deputy Gov

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Global energy prices that have remained steadily high restrict the elbow room for monetary policy response, deputy governor of the Reserve Bank of India said, highlighting the uphill task the bank faces in its fight against stubbornly high inflation.
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WHO Air Pollution Survey

Air Pollution - U.S., Canada Cities Least; Iran Most: WHO

Major cities in Iran, India, Pakistan, and Mongolia rank among the worst on the planet for air pollution, while major cities in the United States and Canada are among the cleanest, according to a new World Health Organization survey.
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BAE Systems to axe up to 3,000 UK jobs

Europe's biggest defense contractor BAE Systems said it will axe up to 3,000 jobs in Britain as cuts to global defense budgets hit orders for its fighter jets.
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Gold Prices Rebound More Than 3%, Dollar Falling

Gold prices rose more than 3 percent on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses and after an early rout in the previous session tempted price-sensitive physical buyers back to the market.
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India's Commodity Exchanges: Will Politics Hinder Growth?

India's commodity exchanges are poised for steady growth over the next few years after annual turnover more than quintupled to $2.5 trillion since futures trading started in 2003, but political hurdles hinder more dramatic development.
The image shows the torpedo hole in the area in which German U-boat Captain

WW II-Era Shipwreck with Silver Worth $200 Million Found (PHOTOS)

The wreck of a World War II-era British cargo ship, whose holds are believed to be filled with seven million ounces of silver, has been discovered approximately 4,700 meters below the surface of the North Atlantic Ocean. At today's value, the cargo is worth in excess of $200 million.
India Leopard

Mumbai Slum Menaced by Stray Leopards

In Borivali, an informal settlement on the outskirts of Mumbai, leopards prowl the streets and alleys at night, eating stray dogs, chickens and livestock. The cats come into the area almost every evening, and locals have to keep their children indoors to protect them.
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China lures WTO to brink of procurement deal: sources

Forty-two countries are close to agreeing an upgrade of their Global Procurement Agreement , a reform that could unlock tens of billions of dollars of commercial opportunities, and many times more if China gets on board, trade sources said on Monday.
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Activists threaten industry shutdown in Indian tech town

Protesters leading a massive public sector strike that has caused power cuts, delayed trains and shut schools threatened on Monday to shut down business in one of India's leading technology industry cities for a day later this week.

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