The Stans - Investment Opportunities and Political Pitfalls
The former Soviet Central Asian republics are at a precarious crossroad today between accomplishing monumental progress, like Kazakhstan, and flirting with disaster and the prospects of civil war, like Kyrgyzstan.
Britain's regulator to probe net neutrality
Britain could force internet service providers such as BT, Virgin Media and TalkTalk to reveal whether they restrict access to some websites at peak times while favoring others, regulator Ofcom said.
Hasbro says not in buyout talks
Hasbro Inc said it is not involved in any talks regarding a potential sale of the company, despite a news report that said it had been in negotiations for a possible leveraged buyout.
Some progress in final hours for Wall Street bill
Lawmakers on Thursday agreed to boost banks' capital requirements and neared agreement on a derivatives crackdown as they closed in on a historic overhaul of financial regulations.
Supreme Court sets aside convictions of Skilling, Black
The Supreme Court on Thursday set aside some convictions of former Enron Corp Chief Executive Jeffrey Skilling and former media baron Conrad Black, a setback for the U.S. Justice Department in some of its biggest corporate fraud prosecutions of the last decade.
BA to hire lower-paid cabin crew amid dispute
British Airways said it planned to recruit over one thousand new cabin crew on lower wages than current staff as it faces possible further strikes by existing flight attendants in August.
Morgan Stanley to settle Mass. probe: source
Morgan Stanley has agreed to pay $102 million to settle an investigation in Massachusetts into the investment bank's subprime lending practices, a source familiar with the matter said on Thursday.
Dell says focus is on profits despite challenges
Dell Inc said on Thursday the company is squarely focused on improving profitability, even as it grapples with rising component costs and volatility in international markets.
How far and fast will the yuan appreciate?
The excitement surrounding the new Chinese yuan currency regime has been not been reflected in the non-deliverable forward (NDF) market.
The 1-year CNY NDF is only pricing in a 2 percent move in the next 12 months. This is conservative compared to the pricing of the 1-year NDFs in July 2005 when China altered their currency policy from a de-facto peg of 8.2765 yuan per dollar to a managed float.
Broadband spurs new businesses and ideas in Kenya
When Kenyan graduate Roy Wachira, 25, set out to start his first business, he turned to the Internet, whose growth in the east African nation is spawning opportunities unthinkable even a year ago.
U.S. pushes G20 growth, but Europe cautious
The top White House economic advisor said on Thursday world leaders must keep the tentative global recovery on track as Europe headed into this weekend's G20 summit defending plans for heavy cost-cutting.
Lennar posts profit but orders down 10 percent
Lennar Corp , the third-largest U.S. homebuilder, reported higher-than-expected quarterly earnings and affirmed its goal of profitability for the full year.
U.S. pushes G20 growth but Europe cautious
The top White House economic advisor said on Thursday world leaders must keep the tentative global recovery on track as Europe headed into this weekend's G20 summit defending plans for heavy cost-cutting.
Corrected: Feinberg to quit pay czar post, focus on BP fund
Corrects spelling of 'czar' in first paragraph
Yen gains on Fed and Greek debt concerns
The yen rose against the dollar and euro on Thursday as a less optimistic outlook on growth from the U.S. Federal Reserve dented risk appetite, with the single currency further hampered by Greek debt markets.
Swype hits Droid, eyes iPhones for future
With its technology already in smartphones like Motorola Inc's Droid X, startup Swype is setting its sights on helping consumers type more easily on billions of phones, including iPhones.
Nokia to use Linux for flagship N-series phones
Nokia Oyj will use Linux MeeGo software in its flagship N-series smartphones, hoping the new platform will give it a better chance to battle rivals such as Apple Inc and Google Inc.
Ex-media baron Black's fraud conviction set aside
The U.S. Supreme Court set aside on Thursday the convictions of former media baron Conrad Black and two ex-colleagues for defrauding shareholders of one-time newspaper publishing giant Hollinger International Inc.
Google and YouTube defeat Viacom in copyright lawsuit
Google Inc won a landmark victory over media companies as a Manhattan federal judge threw out Viacom Inc's $1 billion lawsuit accusing the Internet company of allowing copyrighted videos on its YouTube service without permission.
U.S. court sets aside ruling in Enron Skilling case
The U.S. Supreme Court on Thursday set aside a ruling that upheld the conspiracy conviction of former Enron Corp executive Jeffrey Skilling, and sent the case back for more proceedings.
Jobless claims drop 19,000 last week
The number of workers filing new applications for unemployment insurance fell slightly more than expected last week, offering hope the fragile economic recovery remained intact.
Wall Street dragged by economic jitters
Stocks fell on Thursday, with bank shares pressured as negotiations over a financial reform bill approached the final hours, while investors remained skittish about the pace of the economic recovery.
Now scientists read your mind better than you can
Brain scans may be able to predict what you will do better than you can yourself, and might offer a powerful tool for advertisers or health officials seeking to motivate consumers, researchers said on Tuesday.
Wall Street reform bill goes into final hours
With the historic overhaul of financial rules nearly complete, lawmakers have waited until the final, frantic hours to sort out the most controversial provisions in the bill.
Ten years on, genomic revolution only just starting
The 10-year-old Human Genome Project has only just begun to bring to fruition its promise to transform medicine, its founders said on Thursday.
Dollar up vs euro; Greek debt concern back in focus
The dollar and yen rose against the euro on Thursday as a less optimistic outlook on growth from the U.S. Federal Reserve dented investors' appetite for risk, with the euro further hampered by Greek debt markets.
Concerns over Greece were hanging over the euro zone, as the cost of protecting its government debt against default hit a record high.
Lawmakers renew focus on China after yuan stalls
Senators said on Wednesday they were unmoved by China's steps to partly free the yuan and vowed to push forward legislation to punish a Chinese currency misalignment they say distorts trade and steals jobs.
Wall Street set to open lower on economic jitters
Wall Street was set to open lower on Thursday as investors fretted about the pace of the economic recovery, though a better-than-expected drop in initial jobless claims provided comfort.
Jobless claims fall, durable orders ex-transport up
New claims for jobless benefits fell last week, while orders for long-lasting manufactured goods excluding transportation rose in May, offering hope the fragile economic recovery remained intact.
Prices shine but no takers for gold
Gold prices are soaring to new heights but who is buying. It seems nobody is interested in gold at least in India.
If you take note of India's import data for April and May months, the quantity of gold imported to the country has come down heavily.