INDIA

Global airlines are likely to lose $9 billion this year, the International Air Transport Association said on Monday, nearly double its estimate of just three months ago, as rising fuel prices and weak demand create an unprecedented crisis for the industry.

Nineteen leading agricultural exporting nations, including Australia, Brazil and South Africa, kicked off talks in Bali on Sunday aimed at pushing forward troubled world trade negotiations.

U.S. Treasuries bonds will not become a less attractive investment even if the U.S. sovereign credit rating is cut, Russian Finance Minister Alexei Kudrin was quoted as saying on Saturday.

Tech Mahindra revises Satyam open offer India’s Tech Mihandra, which has 31 percent stake of fraud-hit Satyam Computer Services Ltd on Friday said its Rs. 1,154 billion or $231 million additional open offer of a 20 percent stake to its shareholders approach will be move on June 9 from the earlier schedule of June 3. However, Dates for all other activities of the schedule remain unchanged, the filing said.

Federal Reserve Chairman Ben Bernanke sounded a cautiously upbeat note on the U.S. economy on Wednesday but warned that corralling government debt was vital to ensuring the nation's long-term health.

Japan should shun a politically inexplicable option of a rise in greenhouse gas emissions when it sets a 2020 target in coming days, the U.N.'s top climate change official said on Wednesday.

Global consumer confidence is stabilizing after falling for 18 months, providing a glimmer of hope for a shattered world economy in which three quarters of households cut spending, a survey showed on Tuesday.

Pakistani soldiers Tuesday rescued scores of students and staff from a military-run college who were abducted by Taliban militants in the northwest of the country, a military spokesman said.

General Motors Corp is about to open the door on the biggest garage sale in U.S. industrial history.

General Motors Corp is about to open the door on the biggest garage sale in U.S. industrial history.

Exxon Mobil Corp, the world’s largest traded oil and natural gas company, is keeping fossil fuels as part of its primary strategy for the near term despite a growing U.S. government push for alternative energy sources with less impact on climate change, the company’s chief executive said recently.

U.S. domestic policy on curbing carbon emissions is crucial for a global climate deal this year, a top Indian negotiator said on Monday, adding rich countries also had to provide a commitment on funding for poorer nations.

A global economic downturn, lower but lately rising oil prices and an aggressive U.S. environmental agenda have made for one of the most bewildering energy investment landscapes in decades.

Oil prices extended their rally to near their highest in seven months on Monday, as dollar weakness, stock market optimism and sustained hope for economic recovery supported the market's best monthly gains in a decade.

If Thais are chili aficionados in the south, gourmands in the center, and food daredevils in the northeast, then those in the north, an area ruled for centuries by warring empires, are culinary mixologists.

U.S. retail giants in home furnishings, food and clothing are expected to push into emerging markets such as Mexico, Brazil and China, once the U.S. economy and cash flows improve, executives said.

Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.

India's EnergTek Inc on Friday said its natural gas production will increase more than 60 percent in 2010, in line with overall expectations for the Indian market last month from the Center for Monitoring Indian Economy (CMIE).

Oil rose to a six-month high above $66 per barrel on Friday, on track for its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.

British drug firm GlaxoSmithKline Plc is in talks to buy a 51 percent stake in India's unlisted Shantha Biotech after prospective bidder Sanofi Aventis dropped out, the Economic Times said on Friday.

Spanish wind turbine maker Gamesa sees a sector recovery in 2011, but net profit will decline in 2009 on weaker-than-expected sales, according to embargoed comments from Chairman Guillermo Ulacia to reporters on Thursday.