POLITICS

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World Bank Bird-Flu Grant

The World Bank said on Friday it has approved a $13 million grant to reduce avian influenza threats on poultry in the West Bank and Gaza.

JetBlue Shares Fall on Lower Outlook

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Shares in JetBlue Airways Corp. fell on Friday after the discount carrier lowered its earnings forecast amid weaker demand.JetBlue was the latest U.S. airline to highlight softening demand because of security concerns and a seasonal drop-off in traffic.
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Straits Resources 'plans $400m IPO'

Australia's Straits Resources Ltd plans to sell some of its Asian energy and trading assets in an initial public offering of around $US400 million ($A529 million) in Singapore in the fourth quarter, sources close to the deal said.
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BluGlass starts strongly on ASX debut

BluGlass Ltd will focus on proving that its technology to cut the cost of manufacturing gallium nitride is commercially viable after making a strong debut on the Australian Stock Exchange.
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Japan, 6 Gulf nations hold FTA talks

Japan and six Gulf nations comprising the Gulf Cooperation Council began to discuss their bilateral free trade agreement during the first round of talks in Tokyo, Japanese Foreign Ministry said on Friday.
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Reliance to set up integrated port in Gujarat

Mukesh Ambani-led Reliance Industries Limited (RIL) is all set to make a mega investment, running in thousands of crores, in developing an integrated port on India's western coast of Gujarat.
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New Company law to be simpler, to provide stiff penalties for defaulters

Stiffer penalties, including enhanced fines and imprisonment, as a deterrent against violations by corporates and provisions ensuring greater transparency and accountability will form part of the comprehensive Companies Law Amendment Bill that is proposed to be tabled in Parliament in the winter session.
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Uttaranchal to export Basmati rice to Europe

Basmati rice grown in Uttaranchal will now be exported to European countries and also to south Indian states, state Agriculture Minister, Mahendra Singh Mahra, has announced.
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UWB merger may affect IDBI’s financial profile: S&P

Industrial and Development Bank of India (IDBI) which has won the race for acquisition of ailing United Western Bank (UWB), held a board meeting on September 21 to discuss the Reserve Bank of India's (RBI) draft scheme for amalgamation, even as global rating agency Standard & Poor's has warned that UWB's huge bad loans may affect the acquirer's financial profile negatively.
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Indonesia's Monorail Struggles to Get on Track

Gridlocked cars. Noxious traffic fumes. Indonesia's capital is crying out for a new transport network, but stop-start plans for a monorail illustrate the country's chequered efforts to build badly needed infrastructure.
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Branson commits $ 3 billion to fight global warming

Billionaire Virgin Group Chairman Richard Branson on Thursday committed an estimated $ 3 billion over the next 10 years, or all of the profits from his airline and rail businesses, to combating global warming.
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What if the U.S. sneezed and nobody noticed?

The old cliche that when America sneezes the rest of the world catches cold is about to be tested and this time it may be just the U.S. economy that ends up with the major aches and pains.
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Indian shares rise to 4-month highs

Indian shares rose more than 1 percent on Thursday to their highest close in over four months on sustained buying in blue-chips such as ICICI Bank Ltd., ITC Ltd. and Hindustan Lever Ltd.
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FTSE 100 falls on U.S. growth worries

The FTSE 100 fell on Friday, with Wall Street seen extending losses after a Philadelphia Federal Reserve survey sparked concerns over U.S. growth and corporate profitability
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New Chairman for Elementis

Elementis Group Plc, the Chemicals firm today announced Bob Beeston as its new Chairman effective immediately.
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Nike profit beats Street, shares up 6 pct

Nike Inc., the world's No. 1 sport shoe and apparel maker, on Thursday posted quarterly earnings above Wall Street targets, boosting its shares nearly 6 percent and easing some fears that pricey styles bearing its signature swoosh were losing their luster.

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