INDIA

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Spot gold hits record above $1,050

Spot gold topped $1,050 per ounce to mark a record high for the third session in a row on Thursday as the dollar's continued struggle made the precious metal more attractive to investors.

Trio wins chemistry Nobel for solving ribosome riddle

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Three scientists who produced atom-by-atom maps of the mysterious, life-giving ribosome won the Nobel chemistry prize on Wednesday for a breakthrough that has allowed researchers to develop powerful new antibiotics.
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Inhalers may raise risk of asthma in some children

Common asthma reliever drugs taken by millions of children around the world may increase the risk of asthma attacks in some patients with a particular genetic make-up, British scientists said on Tuesday.
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Obama breaks precedent by not meeting Dalai Lama

President Barack Obama will not meet the Dalai Lama during his five-day trip to the U.S. capital beginning on Monday, the first time in 18 years the exiled Tibetan leader has visited Washington without seeing the president.
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Low health spend blamed for India's child mortality

Nearly 2 million children under five die from lack of care in India every year, more than in any other country, said a new report released on Monday which blames poor public health spending and entrenched inequalities.
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South Korea, India shares pare gains on Aussie rates

South Korean and Indian shares fell on Tuesday after Australia's interest rate hike showed that stronger Asian economies were starting to reverse emergency stimulus policies, hitting markets seen as likely to lift rates.
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G30 advisory group calls for new IMF

The G30, a group of prominent bankers, policymakers and economists, called on Monday for sweeping reforms to the International Monetary Fund, warning that the impetus for change would wane as pain from the financial crisis fades.
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India floods leave 2.5 million homeless, 250 dead

Rescue workers used sandbags to stop a raging river from breaching its embankment near a southern Indian city on Monday as floods triggered by heavy rains over the last week left 2.5 million people homeless.
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Consortium wants controlling stake in Zain - BSNL

Indian telecom Bharat Sanchar Nigam Ltd is part of a consortium that is seeking a controlling stake in Kuwaiti telecom Zain, the chairman of the state-run firm was quoted as saying in a media report.
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BRIC demand bigger share of IMF votes

The leading emerging BRIC nations maintain their demand for a 7 percent shift in voting power to developing countries at the International Monetary Fund, Brazil's Finance Minister Guido Mantega said on Saturday.
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G7 presses for stronger yuan

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
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G7 presses for stronger yuan, breaks no new ground

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
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G7 grapples with exchange rates and own future

Financial officials of the Group of Seven rich nations, which dominated global policymaking for decades, were set Saturday to discuss a diminished future for their group as it grappled with tensions over currency rates.
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G7 set to issue FX statement

The Group of Seven rich nations is expected to issue its customary call for stable exchange rates on Saturday, but do nothing more specific to address concern a weak dollar could hurt European exports.
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Wal-Mart sees slow U.S. business recovery

Wal-Mart Stores Inc, the world's biggest retailer, sees a slow recovery from challenging U.S. business conditions, while its Asia operations are a little better, its Chairman Rob Walton said on Friday.
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World stocks tumble, dollar steady

Equity markets across the globe tumbled and the U.S. dollar broadly held firm on Friday as doubts grew about the pace of economic recovery and the week's major data on U.S. jobs loomed large.
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Asia shares skid, dollar firm before payrolls data

Asian shares fell on Friday as disappointing U.S. manufacturing data raised concern that its economic recovery may not be as fast as thought, while the dollar remained firm as investors booked profits on gains in higher-yielding currencies.
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World stocks tumble, dollar supported

World stocks fell and the U.S. dollar broadly held firm on Friday as doubts grew about the pace of economic recovery and the week's major data on U.S. jobs loomed large.
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Asia shares slump on U.S. data; dollar gains

Asian shares fell on Friday as disappointing U.S. manufacturing data raised concerns that its economic recovery may not be as fast as previously thought, while the dollar remained firm as investors booked profits on higher-yielding currencies.

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