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Vaccine deal could save 900,000 lives by 2015

(Reuters) - Drugmakers Pfizer and GlaxoSmithKline signed a landmark 10-year deal on Tuesday to supply 60 million doses a year of cut-price pneumococcal vaccines to developing nations.

Gold refineries struggle as scrap gold flow plunges

Gold refineries are facing a strange problem in India now. There is no yellow metal for them to process now. When the gold boom was at its peak in 2008 and 2009, the quantity of scrap gold used to come to the market was very high and many refiners had increased the capacity to process the scrap gold.

Gold well supported at $1100, to hit $1,227 soon

Gold prices look well supported at $1100 and will hit its record high of $1,227 by mid-year and $1500 by year-end, according to Jeffrey Nichols, precious metals economist and Senior Economic Advisor to Rosland Capital.. However, the market will experience continued volatility with big swings in both direction around an upward trend this year and beyond, he added.

Why park funds in gold, when silver overshines?

At a time, when gold investments have just become sluggish in yielding returns over past few months, silver is now taking the driver's seat to take the bullion traders on a ride. After touching its historical high of over USD 1200 per ounce in late November and early December 2009, gold has remained range-bound between USD 1050 to USD 1150 per ounce, giving a stagnant feeling to the investors, whereas silver has remained more volatile compare to gold during the period. The grey metal has provide...

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RSBL plans Silver ETF for Indian market

As the uncertainty on the currency derivatives is looming large and gold investments became less yielding in the time of reduced physical demand from consumers, traders have found an attractive investment instrument from silver for their investors as bullion traders are now mulling to launch silver ETFs in India.

Skype questions Egypt ban on mobile Internet calls

Internet telephony firm Skype has questioned Egypt's move to ban international calls made through mobile Internet connections and said markets should be left open for consumers to choose.

Tales from the Jungle Book- Bandhavgarh, India

Seeing a tiger in the wild was a dream I had been nursing for a long time. I made several unsuccessful attempts towards this end by visiting Corbett National Park, the Sunderbans and Nagarhole.

Arrow bows to $3.1 billion bid from Shell, Petrochina

Australia's Arrow Energy Ltd agreed to a fresh takeover offer from Royal Dutch Shell and PetroChina, raised by six percent to A$3.4 billion ($3.1 billion) for most of its Australian assets.

Qatar to up LNG supplies to India by 4 mn tonnes

In a recent announcement, the Indian government today said that Qatar has given its consent to supply additional four million tonnes of liquefied natural gas (LNG) per year to India from 2013 onwards. India currently imports 7.5 million tons of LNG every year from Qatar's RasGas under a long-term deal. Intially, this will be raised by one million tonne in 2011 and then, it will be ramped up to four million tonnes by 2014.

Cotton arrivals in Indian markets register slight rise

Cotton arrivals in India's domestic markets registered 0.3% surge during October 1 to March 20 to 25.06 million bales, according to a data released by the Cotton Corporation of India on Monday. As against the previous year, higher arrivals in Gujarat, Rajasthan, Karnataka and Tamil Nadu markets helped to register a slight increase in the total arrivals.

Australia shifts focus from gold to gas

After gold, Australia now has shifted its focus on huge deposits of newly found natural gas off its North East coast to earn the post of energy superpower. According to Australia's Resources ministry, projects being ramped up to tap huge undersea fields off the country's northwest could quadruple its exports of liquefied natural gas in the next few years.

India to add 7450 km to gas pipeline network

Anticipating more gas consumption in three years, India has decided to add over 7,450 km of gas pipeline network to ramp up its supply lines. Speaking at the Asia Gas Partnership Summit here, India's Petroleum Minister Murli Deora said, The challenge for an emerging market like India is to develop pipeline infrastructure in all parts of the country, including in remote areas, in tandem with increasing supplies. Only then we will be able to secure inclusive growth.

FCI needs to upgrade warehouses, rice purchases fall

Food Corporation of India, the government monolith for the execution of the food policies of the country, has been come under close scrutiny at the recently held international wheat seminar. According to the Union Ministry of Food, the FCI is the main government agency responsible for execution of the food policies of India. When FCI carries unconscionable levels of rice and wheat stocks, there is a smug feeling in the government circles that everything is under control, including prices.

Wall Street to fall on Greece fears, healthcare

Wall Street was set to open lower on Monday as investor risk aversion was revived by concerns over Greece's debt crisis and the passage of sweeping healthcare reform.

Stock futures drop on Greece fears, healthcare approval

Stock index futures fell on Monday as the passage of sweeping healthcare reform and uncertainty over Greece's debt crisis revived investor risk aversion.

Stock futures signal losses; eyes on pharmas

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.52 percent, Dow Jones futures down 0.38 percent and Nasdaq 100 futures down 0.47 percent.

Arrow's Davies hits target with sweetened Shell bid

When Nicholas Davies joined Brisbane-based Arrow Energy Ltd as chief executive in 2004, he was charged with growing the then junior explorer into one of Australia's top coal seam gas producers by 2010.

Yuan in global FX reserves as soon as 2025: c.banker poll

China's yuan could become a reserve currency accounting for at least five percent of global foreign-exchange reserves as early as 2025, central bankers said in an annual global survey.

Gold slowly making way for platinum in India

After China, platinum jewellery is making inroads in India now. Till now, Indians have been ardent lovers of gold, buying it on every auspicious occasion. Indians are the biggest consumers of the yellow metal in the world. But, things are changing slowly. Platinum is the new craze for younger generation and they go for the white metal.

Bharti board approves $9 billion offer for Zain Africa: report

The board of India's Bharti Airtel on Saturday approved a $9 billion offer for Kuwaiti telecom Zain's African assets, Bloomberg reported, citing two people with knowledge of the negotiations.

Retail gold investment, a latest crush in India

Indian commodity exchanges and gold trading entities have started recognizing the real strength of retail investors with most of the commodity exchanges in the country coming up with lucrative retail investment options for gold trading. Gold has been considered as one of the important instruments of investment across the country, especially in retail households. Small household units in India are now turning up as potential investors for gold.

India's NAFED to boost organic farming

India's cooperative major NAFED has chalked out a scheme to develop country's high potential organic farming, thus to generate income from across the globe.

China tries to cool yuan dispute with U.S.

China on Friday said it was sending an envoy to Washington to try to ease trade frictions as its currency regime comes under fire, warning that threats from U.S. legislators could stifle room for progress.

China quality watchdog says some HP laptops faulty

China's quality control watchdog said an investigation into Hewlett-Packard Co showed the company had sold some faulty laptop computers, and ignored consumer protection regulations.

Pak cap on yarn exports to boost Indian spinners

India-based spinners are all set to witness happy days ahead as the country's biggest competitor in yarn exports, Pakistan is said to have put a cap on the yarn exports to a maximum of 35,000 tonnes per month. According to Cotton Association of India expects spinners to realise higher prices for cotton yarn this year because of the recent decision by Pakistan.

India to continue duty free sugar import

India, the largest sugar consumer in the world, is unlikely to reinstate customs duty on raw sugar import despite a fall in sugar prices and the projected higher output this year. The sugar industry urged the government for the restoration of import duty in order to discourage import in the wake of falling sugar prices in the country. While the government decided to continue duty free sugar.