IBT Staff Reporter

99091-99120 (out of 154954)

Ex-IBM exec latest to plead guilty in Galleon case

Robert Moffat, a former senior executive of International Business Machines Corp whose phone conversations were recorded by the FBI in the Galleon hedge fund insider trading probe, pleaded guilty on Monday to securities fraud and conspiracy charges.

Cost burden of chronic illness in Asia growing

(Reuters) - Chronic illnesses like heart disease, cancer and depression affect Asians as much as those in Western countries and governments must draft plans to cope with long-term costs, health experts said on Monday.

EU deal gives Greece little respite on borrowing

Debt-stricken Greece won little respite from crippling borrowing costs when it returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a last-resort financial safety net.

UAW healthcare trust to sell Ford stock warrants

The United Auto Workers healthcare trust on Tuesday plans to auction Ford Motor Co stock warrants for at least $1.27 billion, capitalizing on the automaker's share price rise to fund its retiree plan.

RIM results focus to be on price, profit margin

Research In Motion is expected to report this week it sold a whopping 11 million BlackBerries in its latest quarter, which may offset the impact of falling prices and narrower profit margins.

Major UK banks face refinancing challenge: report

Major UK banks face a challenge to refinance more than 300 billion pounds ($448.4 billion) of government-backed funding over the next two to three years, Fitch Ratings said in a report published on Monday.

Toyota to supply hybrid technology to Mazda

Toyota Motor and Mazda Motor announced a deal under which Japan's top automaker will supply its hybrid technology under license to Mazda, in the latest link-up within the fast-changing auto industry.

BRIC nations sign global food security pact

In a significant development, BRIC nations, (Brazil, Russia, India, China) agreed to combat hunger and boost efforts to promote food security. Agriculture ministers of BRIC on Friday signed a global food security declaration here and also agreed to pool resources to combat famine that affects more than a billion people globally.

Yuan appraisal may hit textile sector : China body

China National Textile and Apparel Council on Monday said any appreciation in the yuan will deal a heavy blow to China's powerful textile sector. In a report, China's leading textile industry association said there might be massive bankruptcies in the industry if the currency were to strengthen again.

Rio Tinto employees convicted on bribery charges

Four Rio Tinto employees who were based in Shanghai were convicted on charges of receiving bribes and obtaining commercial secrets by Shanghai Number One Intermediate Court, Rio Tinto informed in a press release. Rio Tinto said it is unable to comment on the charge regarding obtaining commercial secrets as it has not had the opportunity to consider the evidence. That part of the trial was held in closed court and no details of the case were made public until the verdicts and sentences were annou...

IEF to discuss price volatility, demand outlook

The International Energy Forum (IEF) will discuss major industry concerns including oil-price volatility and the outlook for supply and demand at is ministerial conference starts here Tuesday. The world's largest forum of energy producers and consumers, accounting for more than 90 percent of global oil and gas supply.

Kerala jewellers bank on post-Easter boom

After the slump in gold prices in Kerala, jewelers are waiting for the demand to pick up after Easter (April 4) when Christian marriages will see a rise. During the 50-day lent period prior to Easter, Christians do not conduct marriages as this is not allowed by the Church. So, many marriages are lined up immediately after the Easter.

'In India, Gold is a way of life...'

After receiving a glittering response for the initial public offering of the company, Shree Ganesh Jewellery House Ltd (SGJHL), is all set to leave landmarks in the Indian jewellery industry with its focus firm on jewellery making business with design innovation. India's jewellery business had been largely fragmented with many jewellery-makers operating on local levels. Only a few organized players are in the fray to tap the growing consumption demand of gold and silver. This has made it imminen...

China emerging as largest gold consumer: WGC

Gold is glittering in China, the largest producer and second biggest consumer of the yellow metal in the world. There is a gold buying frenzy across China that the yellow metal is becoming the best investment bet in the country.

Greece to sell 5 billion euros bond, demand softer

Greece looked set to sell 5 billion euros ($6.7 billion) in the first test of investor appetite since a European-IMF debt support deal last week but demand was less than half that of an issue earlier this month.

Bank of America continues Asia hiring push

Bank of America Corp has hired four new executives in its global banking business, including three hires in Asia, as part of its continued push into international banking.

Wall St rises after Greece launches bond

Socks gained on Monday as debt-stricken Greece launched a sovereign bond issue, easing worries about its problems, while investors were hopeful about key jobs data later this week.

Greece gets little market bounce from EU deal

Debt-stricken Greece returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a financial safety net, but the foggy rescue plan did little to reduce its borrowing costs.

Jupiter financials star puts half his fund in cash

British fund firm Jupiter's high-profile investor in financial stocks, Philip Gibbs, has put more than half his fund into cash as uncertainty around the UK election and western government debt hamper visibility.

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