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Emerging Powers Ready To Give Billions To IMF

Emerging Markets
Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.
Lihir Gold Mine

Gold Prices Rise Above $1,645

Gold rose above $1,645 an ounce on Friday as a better-than-expected German business sentiment survey lifted the euro versus the dollar, but trading was light as investors awaited further news on the euro zone crisis and U.S. monetary policy.
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GE profit tops Wall Street forecast

General Electric Co reported first-quarter profit that topped analysts' expectations, helped by strong sales of jet engines and energy equipment, as well as profit growth at its finance arm.
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German Business Morale Up For Sixth Straight Month

German business sentiment unexpectedly rose for the sixth month in a row in April in a sign that Europe's largest economy continues to outpace peers and shrug off persistent worries about the euro zone debt crisis.
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Olympus eyes fresh start, ex-CEO mulls legal threat

Shareholders of Olympus Corp <7733.T> approved a new board on Friday, hoping for a fresh start at the camera and medical device maker that hid $1.7 billion of investment losses in Japan's biggest corporate scandal in decades.
Pakistani soldiers, tied to each other for safety in hostile weather conditions, carry their weapons some time in June 1999 as they cross a snowy field on the Siachen Glacier in Pakistan.

Pakistan's Call For Siachen Resolution: India Cautious About Withdrawing Troops

Pakistani Army Chief General Ashfaq Parvez Kayani's plan for resolution of Siachen issue, which includes bilateral withdrawal of troops from the disputed zone, was met with a cautious welcome from India due to the concern on whether Islamabad would authenticate the ground position line at the world's highest battlefield.
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Emerging powers said ready to give IMF billions

Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.
US Treasury Secretary Tim Geithner

Retrospective Tax Law: US Seeks Reassurance From India

US Treasury Secretary Timothy Geithner pressed India’s Finance Minister Pranab Mukherjee on Thursday for reassurance that New Delhi welcomes foreign capital and remains committed to boosting bilateral trade and investment, following concerns connected to India's newly proposed retrospective tax measures.
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Nestle posts strong Q1 growth from emerging markets

Nestle , the world's biggest food group, reported forecast-beating first-quarter organic sales growth of 7.2 percent on Friday as emerging market demand and price rises helped offset sluggish growth in the developed world.
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Asian Shares Ease As U.S. Data Cast Doubt On Recovery

Asian shares slipped Friday as disappointing U.S. economic data stirred doubts about the strength of recovery, while the yen weakened after the Bank of Japan flagged the prospect of further monetary easing to support the struggling economy.
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BRICS demand bigger IMF role before giving it cash

The International Monetary Fund's bid to win a big boost in funding to handle the euro-zone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash.
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Verizon eyes Microsoft push, Windows phones for holidays

Verizon Wireless plans to put its marketing weight behind Microsoft Corp's next mobile phone software to help develop a strong competitor to Apple Inc and Google Inc, according to the chief financial officer of Verizon Communications.
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Judge narrows Lehman $8.6 billion lawsuit vs. JPMorgan

A federal judge has narrowed Lehman Brothers Holdings Inc's $8.6 billion lawsuit against JPMorgan Chase & Co , potentially reducing how much creditors of what was once the fourth-largest U.S. investment bank may ultimately recover.

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