INDIA

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Protest widens against creation of new Indian state

Thousands marched in ports and towns of southern Andhra Pradesh to protest plans to carve out a new state, as a backlash grew against demands for statehood in a challenge for the Congress party-led government.
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India's IOC unit to re-open by year end- co source

State-run Indian Oil Corp expects to re-open its 40,000 bpd crude unit by end-December after a maintenance shut down at its Koyali refinery in western Gujarat state, a company source said on Friday.
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Sistema Shyam approves $750 mln share issue

Sistema Shyam Teleservices, the Indian mobile unit of Russian oil-to-telecoms group Sistema (SSAq.L), has approved a new share issue that could raise nearly 35 billion rupees ($750 million), Sistema said on Thursday.
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Soros sees $100 billion for climate talks

Billionaire financier George Soros outlined a way to unlock $100 billion (61.5 billion pounds) to help slow global warming on Thursday as talks on a new U.N. climate deal slowed over tough demands by the Pacific island state of Tuvalu.
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India's Gurinder Chadha tackles migration with humor

Gurinder Chadha, the director behind the hit Bend it Like Beckham, is one of a trio of Indian-origin women directors wowing the world with their unique style. But unlike Deepa Mehta or Mira Nair, Chadha makes films with a distinctly earthy feel.
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Stock futures signal gains before macro data

Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures up 0.2 percent.
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U.S. favors early action on climate-friendly trade

The United States supports taking early action to liberalize trade in products that reduce greenhouse gas emissions and believes that could spur progress in broader world trade talks on environmental goods and services, a U.S. trade official said on Wednesday.
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UK to cash in on closed steel plant carbon permits

Britain's climate efforts were questioned on Wednesday after it said it would auction off rather than cancel millions of carbon permits to come from a closed steel plant, equal to one percent of UK greenhouse gas emissions.
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This Week In Petroleum - Released on December 9, 2009

With the emerging Asian economies rebounding from the global economic downturn faster than the G-7 economies, the Asia-Pacific region is the leading driver of global economic recovery and higher oil demand. Although the emerging Asian economies were generally less exposed to financial risks and credit default arrangements than the U.S. and European economies, many of them have taken strong stimulus measures throughout 2009 that are expected to boost domestic demand, financial credit, and greater...
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A Climate of Skepticism

The United Nation's climate change summit has been billed as the last hope to save the world from itself. Brought on by a rise of man-made greenhouse gases, the earth is slowly inching towards a man-induced climate disaster, urgent for coordinated action...or so the saying went.
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Volkswagen buys $2.5 billion Suzuki stake

Germany's Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as VW seeks to become the No.1 automaker.
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VW buys $2.5 billion Suzuki stake

Germany's Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as VW seeks to become the No.1 automaker.
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Myanmar junta calls detained Suu Kyi dishonest

Myanmar's detained opposition leader, Aung San Suu Kyi, has been insincere and dishonest in her offer to meet the country's military ruler and push for the lifting of Western sanctions, state media said on Wednesday.
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2009 set to be fifth warmest year on record

This year is likely to be the fifth warmest on record and the first decade of this century the hottest since records began, the World Meteorological Organization said on Tuesday.
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India's Bharti sees short-term revenue pressure

Leading Indian telecoms firm Bharti Airtel sees revenue pressured in the short term amid an intense price war in the country's wireless sector, director Akhil Gupta told news channel CNBC-TV 18.
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Russia mourns as club fire victims are buried

Flags flew at half mast and entertainment programs were canceled across Russia on Monday as the country mourned 112 victims of a weekend nightclub inferno and dozens more fought for their lives in hospitals.
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Group to start project to cut indoor fuel burning

An advocacy group on lung health plans to work with health authorities in 12 countries from 2010 to reduce indoor fuel burning, which causes respiratory diseases and lung cancer and kills 2 million people a year.

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