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Climbers trek on Argentina's Perito Moreno glacier near the city of El Calafate, in the Patagonian province of Santa Cruz, December 16, 2009.

Glacier melting a key clue to tracking climate change

The world has become far too hot for the aptly named Exit Glacier in Alaska.

Indian jewellers play wait & watch on gold

Wait and watch, that is the game bullion market is playing now. With India's new tax on gold imports hitting the demand in global market, investors and importers are now waiting and observing the movements for a clear hint. However, gold scrap sales have picked up slowly in Southeast Asia but witnessed no major movements.

StanChart sees talent fight as FY profit tops $5 billion

Standard Chartered said it would pay staff $1.1 billion in bonuses in a red hot fight for talent after strong investment banking in its core Asian markets in 2009 helped fuel record profits.

Commodities Track: Most commodity prices rise

Commodity prices recovered in February after falling in the first month of the year despite China's tighter monetary control regime and US Federal Reserve raising rates for emergency loans to banks which initally sent jitters down the commodity street. However, prices of key commodities have rebounded with crude oil rising as much as 10 percent while key Nymex traded Copper futures have gained 7.1%. Gold gained 2% in February and Spot Gold in New York closed the month at $1,119 still far short o...

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Singapore's Changi buys 5 pct stake in Rome Airports

Singapore's Changi Airport said on Monday it has acquired a 5 percent stake in Gemina S.p.A (GEMI.MI), the operator of Rome's two major airports, for S$100 million ($71 million), its biggest acquisition ever.

Global factories enjoy bumper February

Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.

Asia factory output expands, China slows a bit

Factory activity in Asia's main economies expanded last month, with India and South Korea growing at their fastest pace in around two years although China showed some signs of weakening.

White House social secretary Rogers to step down

White House social secretary Desiree Rogers, who faced criticism after a two uninvited guests attended a state dinner in November, will be resigning next month, she told Chicago Sun-Times columnist Lynn Sweet on Friday.

Jaguar Land Rover boosts Tata Motors profits

Tata Motors, India's top vehicle maker, reported a rise in sales and margins at its Jaguar Land Rover (JLR) unit as luxury buyers returned after the global crisis, helping send its shares up more than 6 percent.

GE talks to banks over Garanti stake-reports

General Electric Co has seen interest from several banks to buy its stake in Garanti Bank but tough new rules for bank minority stakes might dampen appetite.

Vivendi seen posting higher operating profit

Vivendi is expected to post higher revenues and operating profit for 2009 than a year earlier, even as its music division struggles and its telecommunications units face more intense competition.

Cynicism in both India and Pakistan after talks

Commentators in both India and Pakistan greeted on Friday the first official talks between their countries since the 2008 Mumbai attacks with a degree of cynicism even though no breakthrough had been expected.

Taliban attacks in central Kabul kill 16

Taliban fighters opened fire, hurled grenades and staged suicide bombings in central Kabul on Friday, killing at least 16 people in defiance of the Western-backed government and a NATO offensive.

Stocks shrug off weak U.S. data, euro edges up

Asian stocks rose on Friday as investors tried to shake off weak economic data in the United States and Europe, but lingering caution about riskier assets supported the safe-haven yen.

India food inflation at 17.58 percent

India's food inflation based on wholesale prices rose to 17.58 percent in the twelve months to February 13. According to official figures by country's commerce ministry, primary articles price index was up 15.84 percent for the same period while fuel price index was up 9.89%.

Africa to utilise India's high end agri-technology

The first ever Africa-India Economic Mission on Agro-Industry to Hyderabad aims to foster partnerships between Africa and India in agricultural research, soil and water conservation and management, biofuels, fresh produce management, knowledge parks, seed value chain and equipment.

Tiger protection in India goes digital

India's first-ever comprehensive database on tiger mortality and poaching-related crime has begun collecting information on tiger deaths, poaching and seizures.

Will India buy IMF gold again?

Will India do it again? That is the question being asked by investors and bullion market analysts now. After India's surprise buying of 200 tonnes of IMF gold in November last year, now several news agency reports said that India is another potential candidate to buy more gold from the International Monetary Fund when it begins selling 191.3 tonnes of the precious metal.

U.S. rate hike likely to be delayed by slow economic recovery

Fed Chairman Ben Bernanke was the center focus for global market participants on Wednesday as he testified before the House Financial Services Committee about the state of the U.S. economy and the Fed's monetary policy.

ITC plans to market food products in UAE, GCC

India's ITC is planning to market their food products in UAE and the Gulf Cooperation Council (GCC) through a partnership with the Al Seer Group, an ITC official was quoted by a new report.

India keen to buy 191 tonnes of IMF gold

Will India go in for buying the 191 tonnes of gold that the International Monetary Fund (IMF) plans to sell soon? Yes, India is a potential buyer for the remaining stock of IMF gold that is to be sold in the open bullion market, analysts said on Wednesday.

Global companies scout for Indian rough diamonds

A four member delegation from Alrosa Co. Ltd, headed by vice president Mr. Yury Okoyomov is on an exploratory trip to India from 21st February to 26th February, 2010. The team has met up with the Gem & Jewellery Export Promotion Council (GJEPC) headed by chairman Mr. Vasant Mehta on 22nd February, 2010.

Mobile phone subscriptions to top 5 bln this year

Mobile phone subscriptions will buck the economic crisis and top five billion this year, but the high speed Internet remains a digital divide between rich and developing countries, a U.N. agency said on Tuesday.

Diabetes to exact huge costs on poor countries

Diabetes is moving from being a disease of developed countries to a disease in developing countries like India and China, and this could put pressure on healthcare systems through rising healthcare costs, said Philip Clarke, associate professor at University of Sydney's School of Public Health.