INDIA

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Data boosts recovery hopes, stocks end May on a high

Japanese factories raised output by the most in nearly 60 years last month and India grew faster than expected in the March quarter, Friday data showed, further evidence the global economy may have turned a corner.

P&G forecast below estimates as it spends on growth

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Procter & Gamble forecast fiscal 2010 earnings way below Wall Street estimates, as it invests in international markets and new products, but its shares fell only slightly as analysts said the investments were needed for future growth.
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Ten of the World's Most Religious Cities

Religion plays a large important role in the lives of many people in the world. It can unite and bring peace and harmony to large groups, but it can also cause anger, strife, and long-lasting, deadly wars.
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Top world economies commit to energy efficiency

Major world economies including member nations of the the Group of 8 officially launched a partnership yesterday to accelerate the implementation of energy efficient measures in their economies.
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Japan raises outlook amid North Korea concerns

Japan raised its economic outlook for the first time in three years on Monday, and an important measure of German business sentiment rose in May in further signs the worst of the global recession may be over.
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India says Pakistan given enough Mumbai evidence

India's home minister said on Monday Pakistan had been given enough evidence to prosecute those behind last November's attack in Mumbai that killed 166 people and led to renewed tensions between the nuclear-armed rivals.
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WTO urges India, U.S. talks on protectionism

The World Trade Organization (WTO) chief urged the United States and India to start talks as soon as possible to tackle protectionism and called on Gulf Arabs to open up to international business.
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Top greenhouse emitters meet, U.S. defends cuts

Top emitters of greenhouse gases tried on Monday to break a deadlock about sharing the burden of cuts in a U.N. climate pact, and Washington rejected charges that it was lagging Europe in fighting global warming.
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Satyam's revenue in downward slope: chairman

Revenues of India's Satyam Computer Services are in a downward slope, but the fraud-hit outsourcer was not looking at layoffs to tide over the slowdown, its chairman said on Friday. The company discussed cost control measures, including wage cuts, at its board meeting, Kiran Karnik told reporters after the meeting.
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Indian PM Singh sworn in amid reform hopes

Indian Prime Minister Manmohan Singh was sworn in on Friday for a second five-year term with expectations his strengthened left-of-center coalition could both reform a slowing economy and help millions of poor.
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U.S. manufacturers, retailers see more China risk

U.S. manufacturers and retailers that get products or components from China are increasingly concerned about quality, intellectual property and rising costs in China, and more are looking at alternate sites, according to a study published on Thursday.
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Pakistan says nuclear reports are malicious

News reports about Pakistan's nuclear arsenal, including questions about its safety, are part of a malicious campaign that is counter-productive to efforts to defeat terrorism, a Pakistani spokesman said on Thursday.
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India PM meets president to form new government

Indian prime minister-elect Manmohan Singh said Wednesday his coalition had support for a clear majority in parliament after he formally sought approval from the president to form the next government.
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India gives Pakistan new information on Mumbai attack

India said on Wednesday it has given Pakistan new information relating to the November attack on Mumbai, seeking to push investigation into an assault that New Delhi says was carried out by Pakistan-based militants.
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India's Singh vows inclusive growth, reforms

Indian Prime Minister-elect Manmohan Singh vowed on Tuesday to revive growth and spread the benefits of economic expansion that swept his coalition back to power with a decisive mandate in a general election.
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ASEAN prods Myanmar junta over Suu Kyi trial

Myanmar's Southeast Asian neighbors expressed grave concern on Tuesday over the trial of opposition leader Aung San Suu Kyi but China said it would not interfere in the regime's affairs.
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With new gov. India eyes growth and inclusion

Indian Prime Minister-elect Manmohan Singh vowed on Tuesday to revive growth and spread the benefits of economic expansion that swept his coalition back to power with a decisive mandate in a general election.
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Carbon windfall profits seen for EU industry

European Union moves to exempt industries such as steel, refining and cement from the cost of buying carbon permits risk handing them windfall profits and could blunt EU green investment, analysts say.
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Asian shares hit seven-month highs, oil at $59

Asian shares climbed to their highest level in seven months on Tuesday on fresh hopes the global recession is easing, and oil hovered at six-month peaks as supply concerns helped buoy up prices.
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The Housing Surplus Question

The market did some strange things today. Those who follow it (and maybe trade it), will tell you it went up. The catalyst: communists lose some Indian political leverage, which will usher American style... socialism... in India, and homebuilders apparently are building homes again. The first item is open to discussion (mostly by political pundits), however to assume that the Indian market can sho...

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