More From IBT Staff Reporter
Emerging markets to drive growth in oil storage
Surge in crude oil storage capacity in emerging markets will help lift global average annual growth rate (AAGR) in oil storage capacity by 4.9% during 2009-15. Emerging markets constitute 26% of the global storage capacity, according to an analysis by Research and Markets.
May 31, 2010
Will gold surge to $1,250/oz?
Gold is marginally lower and threading water in most currencies today with markets subdued as the London Stock Exchange and Wall Street are closed for a national holidays.
May 31, 2010
Gold, silver jewellery market thrives in India
Bharatbook has added a new report on Gems and Jewellery Market in India 2010. It is a consumer goods series. It gives export and the import structure of the Gems and Jewellery market in India.
May 31, 2010
Three BP fuel oil traders in U.S. quit
Resignations from BP Plc's fuel oil team have extended globally, with the departure of three traders from its U.S. office, including the team leader, and the head trader in London, three industry sources said on Monday.
May 31, 2010
Union warns British Airways of further strikes
British Airways could face even more strike disruption this summer unless it resolves a dispute with cabin crew over travel perks, the co-leader of Britain's biggest union Unite said on Monday.
May 31, 2010
May retail sales seen up but spending erratic
Retailers are expected to show a sizable increase in sales for the month of May, but erratic trends of consumer spending could grow more pronounced over a seasonally weaker period for shopping.
May 31, 2010
Asustek joins tablet PC race; launches app store
Netbook PC pioneer Asustek Computer Inc has become the latest technology company to jump on the tablet PC bandwagon on Monday, joining cross-town rival Acer Inc in jostling with Apple Inc in the nascent sector.
May 31, 2010
Hitachi outlines $11 billion spend on key businesses
Hitachi Ltd , Japan's largest electronics maker, will focus investments on infrastructure-related businesses such as power plants as it seeks to more than double its profit over the next three years.
May 31, 2010
Pakistan court lifts Facebook ban, restrictions remain
A Pakistani court on Monday lifted a ban on social networking website Facebook which had carried a competition to draw the Prophet Mohammad, but access to any blasphemous material will remain blocked, a lawyer said.
May 31, 2010
Euro inches up while stocks remain flat after warning
The euro steadied from recent falls and world stocks were becalmed on Monday with a Chinese warning about risks to global growth and a downgrade of Spain's credit heightening investor caution in holiday-thinned trade.
May 31, 2010
Hitachi outlines big spending on key businesses
Hitachi Ltd , Japan's largest electronics maker, plans to focus spending on infrastructure-related businesses such as power plants as it seeks to more than double its profit over the next three years.
May 31, 2010
China's Wen: global economy double-dip possible
Chinese Premier Wen Jiabao warned on Monday that global economic growth remained vulnerable to sovereign debt risks and the possibility of a second downturn, but said his own nation's growth remained on track.
May 31, 2010
Euro steadies after worst month since early 2009
The euro steadied on Monday but remained under pressure after Fitch downgraded Spain's credit rating and France said keeping its top credit rating may be a stretch without tough budget cuts.
May 31, 2010
Fed officials see small uncertainty from Europe
Two U.S. Federal Reserve officials said on Monday that the euro zone debt crisis has added some uncertainty to the economic outlook but the impact is not yet big enough to influence the interest rate policy of the United States.
May 31, 2010
France warns on credit rating
France admitted on Sunday that keeping its top-notch credit rating would be a stretch without some tough budget decisions, following German hints that Berlin may resort to raising taxes to help bring down its deficit.
May 31, 2010
Female circumcision under consideration
Australian doctors are considering introducing a controversial form of genital mutilation carried out on baby girls.
May 30, 2010
Pregnant women should be allowed to eat more fish
A group of British nutritionists fear that the current official advice to women, which recommends they eat no more than two portions of fish a week, could risk an increase of brain disorders in children.
May 30, 2010
Bernanke, Trichet see key emerging economies role
The heads of the Federal Reserve and the European Central Bank on Monday both singled out emerging economies as key to global financial stability.
May 30, 2010
Natural births protect babies from diseases
According to researchers, babies born by caesarean section are more vulnerable to asthma, allergies and infection as they miss out on their mothers' good protective bacteria during birth.
May 30, 2010
New injection offers hope for osteoporosis sufferers
The new injection called Prolia, has been shown to significantly cut the risk of fractures in patients with osteoporosis.
May 30, 2010
Study finds iPads cost most in Europe and UK, cheapest in U.S.
Britain and Europe are the world's costliest places to buy Apple Inc's new iPad computer, with prices around a quarter higher than in the United States, a new study has found.
May 30, 2010
Bernanke: Emerging markets play stabilizing role
Federal Reserve Chairman Ben Bernanke said the world economy depends ever more on emerging markets to maintain strong domestic growth and economic and financial stability.
May 30, 2010
Australian Dollar Outlook 30/5/2010
The Australian Dollar has come off from its recent high on Friday night of 0.8550 as investors trimmed their positions ahead of the long weekend in the US (Memorial Day today) and the UK (May Bank today as well).
May 30, 2010
Bidders line up for Shell LPG assets: report
Brazil's Ultrapar is set to submit an offer for Royal Dutch Shell's European liquefied petroleum gas arm alongside a string of private equity bidders, the Financial Times reported.
May 30, 2010
Survey: Dating partners prefer non smokers
A new survey suggests even smokers themselves prefer dating partners who don't smoke.
May 30, 2010
Is milk from grass-fed cows more heart-healthy?
(Reuters Health) - If milk does the heart good, it might do the heart better if it comes from dairy cows grazed on grass instead of on feedlots, according to a new study.
May 30, 2010
Daily forex forecast - 31/5/2010
The Australian Dollar opens sharply higher today at 0.8510. Despite a surprise drop in new capital spending, which fell 0.2 per cent in the first quarter, the Aussie rallied from an intraday low of 0.8220.
May 30, 2010
UK's Pru seeks 10 percent price cut to save AIA deal: report
Prudential investors will back the group's bid for AIG's Asian life insurance arm provided it can negotiate a 10 percent cut in the deal's $35.5 billion price tag, the Sunday Times reported.
May 30, 2010
British Airways could reverse fortunes: Barron's
After a string of setbacks, British Airways shares might be on the verge of a rebound, business weekly Barron's reported.
May 30, 2010
China inflation to peak in summer: economist
Chinese inflation will peak this summer, a respected economist said, as a top planning official pinpointed decreased land supply and the rising cost of agricultural labor as driving strong prices of Chinese agricultural commodities.
May 30, 2010
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