IBT Staff Reporter

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RBS fined for breaching UK competition law

Bailed-out lender Royal Bank of Scotland has been fined 28.6 million pounds ($43 million) for illegally sharing loan pricing details with rival Barclays , Britain's Office of Fair Trading said on Tuesday.

CERN scientists closer to understanding Big

Scientists smashed sub-atomic particles into each other with record energy on Tuesday, aiming to recreate conditions just after the Big Bang that gave rise to the universe 13.7 billion years ago.

Toyota safety probe taps rocket scientists

U.S. auto safety regulators said on Tuesday they will tap the expertise of the country's top space and aeronautics experts to analyze Toyota Motor Corp's electronic throttles to see if they are behind the reports of unintended acceleration that have hounded the automaker.

Consumers, house prices bolster recovery hopes

U.S. consumer confidence rebounded in March, while home prices rose in January for the eighth straight month according to a closely watched housing index, bolstering hopes for a sustainable economic recovery.

Coal fuels much of Internet cloud, says Greenpeace

The 'cloud' of data which is becoming the heart of the Internet is creating an all too real cloud of pollution as Facebook, Apple and others build data centers powered by coal, according to a new Greenpeace report.

Manufacturing execs more upbeat on recovery

U.S. manufacturing executives have a brighter outlook on the economic recovery than do their colleagues in the European Union or the service sector, according to a study released on Tuesday.

Verdict on Rio staff may scare foreign cos in China

Following a court's decision to send four of steel giant Rio Tinto's employees to jail for accepting bribe, the world is waiting with bated breath to see how the steel firm reacts to the Chinese government's move. The verdict has cast a cloud over China as a destination for global firms to do business. After the verdict, the Australian government and media had expressed concerns over the trial and the conviction of Rio's four employees, including its China head.

Vietnam signs nuke energy deal with US

Facing enormous energy shortage, Vietnam on Tuesday signed an agreement with the US to boost nuclear energy production in the country. According to Vietnam's energy ministry, the deal will help the country to meet growing energy demand as it allows U.S. firms to help build nuclear plants in the country.

Tanishq launches gold harvest scheme

At a time when everything the world is running on EMIs, why can't people buy gold jewellery by paying in instalments? And if you get some bonus for doing that why would anybody think twice? This is the unique way Tata Group's Tanishq, the renowned jewellery brand, thought before launching its 'Golden Harvest Saving Scheme'. The scheme is highly popular among middle class people who wanted to buy jewellery on some particular occasions like wedding or festivals. The scheme allows you to save Rs 50...

Inflation raises the value of US coins: NIA

Sustained inflation has rised the denomination values of US coins over the years, according to National Inflation Association which has launched 'Coin Melt Values' as a new feature in its website http://inflation.us/coins. It is updated daily with the latest melt values of U.S. coins that are currently in circulation or were previously in circulation. The purpose of NIA's new feature is to demonstrate how over time, inflation makes U.S. coins worth more than their denomination values, a NIA pres...

Will S Africa buy more stake in PGM (Platinum Group Metals) mines?

Will South Africa increase its stake in platinum group metals (PGM) industry following a green signal from an advisory body? A totally black-owned company KIO Advisory Services recently said that the country should raise its involvement in the PGM industry in order to achieve transformation. And, if that happens, there is a chance of big changes in South Africa's mining sector. Even gold, and platinum and other precious metals' prices may also see some changes following this.

Wall Street up on consumer data

U.S. stocks rose on Tuesday as consumer confidence and housing data reaffirmed the view that the economy was stabilizing, and Apple Inc's move to develop a new iPhone boosted telecom and chipmaker shares.

Google: Mobile services partially blocked in China

Google Inc said its mobile services have been partially blocked in China for two days, while searches on its Chinese-language site became erratic, about a week after the company shut its mainland Chinese portal and rerouted Web searches to a Hong Kong site.

Poll charts concerns about healthcare costs

(Reuters) - Nearly two-thirds of Americans say the healthcare overhaul signed into law by President Barack Obama costs too much and expands the government's role too far, according to a poll published on Tuesday.

Consensus for financial regulations fading: IMF

An international drive to impose new regulations in the wake of the financial crisis is fading and global cooperation is diminishing, the managing director of the International Monetary Fund said on Tuesday.

Small, dark Easter eggs may be good for your heart

(Reuters) - Easter eggs may be good for you, but only if you eat small ones made from cocoa-rich dark chocolate, according to the latest in a string of scientific studies to show potential health benefits of chocolate.

January home prices rise: S&P

Prices of single-family homes rose in January for the eighth straight month and the annual rate moved the closest it has been to an increase in three years, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.

Fast machines, genes and the future of medicine

WASHINGTON/CHICAGO/LONDON (Reuters ) - Francis Collins, who helped map the human genome, did not get around to having his own genes analyzed until last summer. And he was surprised by what he learned.

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