IBT Staff Reporter

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Apple criticized for lax green standards in China

Chinese green groups on Thursday accused iPhone maker Apple of failing to properly oversee its Chinese suppliers, leading to poor environmental and safety standards, and dozens of poisoned factory workers.

Biocon Q3 net rises 25 pct, shares gain

India's top listed biotechnology firm Biocon said quarterly profit rose by a fourth, aided by strong sales of its biopharmaceutical drugs and profit in research services, lifting its shares over 3 percent.

SKS Microfinance up 13 pct following RBI guidelines

SKS Microfinance shares rose 13 percent on Thursday, a day after a panel appointed by the Reserve Bank submitted guidelines for the microfinance sector, providing clarity for the country's embattled industry.

Food inflation eases, but RBI action seen

Food inflation eased for the second straight week in January, tracking lower fruit and vegetable prices, but accelerating headline inflation in December is likely to put pressure on the Reserve Bank to raise rates at policy review on Jan. 25

Asian shares set for worst losses in five months

Cracks deepened in Asian equities on Thursday, with markets set to post their worst daily performance in more than five months, while the euro took a breather from its recent rally as it neared key resistance levels.

U.S. and China tout $45 billion in export deals

The United States and China on Wednesday agreed on $45 billion in U.S. export deals and to give U.S. companies greater access to China's $88 billion-plus government contracts market at the start of Chinese President Hu Jintao's four-day state visit.

Asian stocks off 2-month highs on U.S. earnings

Asian stocks retreated from two-month peaks on Thursday due to disappointing earnings from Wall Street majors, while the euro gave in to some profit taking after extending its rally overnight to a eight-week high.

Leatherback Sea Turtles travel over 10,000 miles a year

Among the group of 25 female leatherback turtles tracked by scientists, Darwinia was the best diving sea turtle out of all. Scientists placed a simple transmitter on the back of the turtle and tracked them for over 5 years.

Samsung acquires e-paper technology firm Liquavista

Samsung Electronics Co said on Thursday it had acquired Dutch display firm Liquavista, which specializes in electronic paper technology, as the world's biggest LCD screen maker seeks to expand in the booming mobile display market.

US, China tout $45 billion in export deals

The United States and China on Wednesday agreed on $45 billion in U.S. export deals and to give U.S. companies greater access to China's $88 billion-plus government contracts market at the start of Chinese President Hu Jintao's four-day state visit.

Seagate sales, profit fall; shares decline

Seagate Technology Plc reported sharply lower profit on Wednesday as sales of its computer hard drives and storage devices fell and it recorded restructuring costs as it gears up for a massive share buyback after the failure of a private equity takeover deal.

Euro gains as debt fears wane, S&P 500 tumbles

The euro rose to an eight-week high on Wednesday on increasing optimism that Europe can defuse its debt crisis, but equities fell on poor U.S. housing data and bank earnings, while a rally in commodities faded.

Goldman Sachs commodities risk near 7-year low

Goldman Sachs' commodities trading risk has hit a near seven-year low, quarterly results on Wednesday showed, suggesting the Wall Street giant had become less aggressive lately in taking advantage of surging oil, metals and grains prices.

EBay outlook beats Street as turnaround bears fruit

Online marketplace eBay Inc provided investors with a bullish 2011 profit outlook after the holiday quarter showed signs it is delivering a promised turnaround, as improvements in its buyer experience helped boost sales at its marketplaces unit.

In China, Obama sees growing U.S. market

President Barack Obama on Wednesday highlighted ways in which China is changing its policies that are likely to boost sales to the third largest U.S. trading partner.

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