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India to clinch big oil and gas deal in Iran

Commodity OnlineNEW DELHI: India's Oil and Natural Gas Corp (ONGC) and its partner Britain based Hinduja Group are planning to sign a multi billion dollar deal next month for developing oil and gas fields in Iran.
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FTSE plunges following Bear Stearns sale

The FTSE 100 dropped a staggering 217.3 points down to 5,414.4 points (minus 3.9 per cent) on Monday following the shock sale of US bank Bear Stearns to rival JPMorgan Chase. The index finished at its lowest point since late 2005.
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FTSE up after five day fall

The FTSE 100 share index rose on Wednesday by 85.8 points to 5,853.5 after dropping for five consecutive days.
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FTSE Falls on Banks and Oil

The FTSE 100 share index dropped 1.1 per cent on Monday after poor performances by banks and oil companies and worries of a possible U.S. recession. Overall the FTSE 100 dropped 65.7 points down to 5,818.6.
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HSBC profits up 10 percent, bad debts hit $17 bln

HSBC's profits rose 10 percent last year as buoyant growth in Hong Kong and elsewhere in Asia helped Europe's biggest bank absorb $17.2 billion in bad debts as the U.S. housing crisis deepened. Hong Kong profits rose 42 percent while Asia earnings grew by 70 percent. North America was managed a small gain.
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Storm saved Mick Jagger from assassination

Rolling Stones frontman Mick Jagger only survived an assassination attempt by Hells Angels members nearly 40 years ago because a boat carrying his would-be killers was swamped in a storm, according to a new BBC documentary.
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Facebook lets its users translate site into German

Facebook, the social network site that has enjoyed spectacular international growth in the past year, despite being published only in English until recently, said on Monday it was offering a German version.
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U.N. council set to approve new Iran sanctions

The U.N. Security Council is expected to adopt a third round of sanctions against Iran for its nuclear program on Monday, but diplomats said this might be the first round that is not approved unanimously.
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Oil eases to $102 after record rally

Oil fell more than $1 to stand under $102 a barrel on Friday, stepping back from a record high reached due to supply disruptions and as a weak dollar encouraged investors to buy commodities.
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Foreign directors taking on Hollywood

The trailer for Universal's upcoming movie Wanted features many of the hallmarks of a studio summer movie: Quick cuts, effects-heavy action, Angelina Jolie on the hood of a vintage red Viper.
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U.N. council expected to vote Saturday on Iran

The U.N. Security Council is expected to vote this weekend on a resolution imposing a third round of sanctions on Iran over its nuclear program, Western ambassadors said on Thursday. We thought it was perfectly reasonable to (finalize the resolution) tomorrow and to vote on this important issue on Saturday, said U.S. Ambassador Zalmay Khalilzad.
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Prince Harry Fighting in Afghanistan

Prince Harry, third in line to British throne,has been serving on the front line in Afghanistan with the British Army, the Ministry of Defense confirmed on Thursday.
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Kenya rivals forge coalition to end crisis

Kenya's president and opposition leader signed a deal to create a power-sharing government on Thursday, hoping to end a post-election crisis that plunged the country into its worst turmoil since independence.
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Major powers look at new ways to get Iran to talks

Major powers are looking for new ways to draw Iran into negotiations over its nuclear program while simultaneously pushing for more U.N. sanctions, U.S. officials and diplomats said on Tuesday. Political directors from the permanent five members of the U.N. Security Council -- Russia, China, the United States, Britain and France -- as well as Germany, met in Washington on Monday to discuss how to tweak their Iran strategy.
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FTSE finishes up on banks and insurers

The FTSE 100 index finished 87.9 points up on Tuesday at 6,087.4. The rise is almost a two per cent increase on the previous session and took the index above 6,000.

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