UK's Pru wants to pay less to save AIA deal
Prudential has entered talks to cut its $35.5 billion offer for AIG's Asian life insurance arm, in a last-ditch bid to salvage a deal criticized by shareholders as too expensive.
Text messages save pregnant Rwandan women
(Reuters) - At midnight Valentine Uwingabire's back began to hurt. Her husband ran to tell Germaine Uwera, a community health worker in their village in the fertile foothills of Rwanda's Volcanoes National Park.
Top 20 Best Summer Jobs
Ideally the best thing you can do is try to find an internship which is related to your degree or passion.
Prescription heroin helps addicts off street drugs
(Reuters Health) - Prescribing heroin to addicts who can't kick their habit helps them stay off street drugs, British researchers said Friday.
Tanning beds raise melanoma risk
(Reuters) - Indoor tanning beds sharply increase the risk of melanoma, the deadliest kind of skin cancer, and the risk increases over time, U.S. researchers said on Thursday, and others experts called for tighter regulation.
Instant View: Consumer spending flat, incomes up in April
U.S. consumer spending was unexpectedly flat in April, but real disposable incomes recorded their biggest increase in nearly a year as the labor market improved and inflation remained muted, a government report showed on Friday.
G20 ministers face more wrangling over bank tax
The world's top countries face more wrangling over a global bank tax next week and crunch time over beefing up capital and cutting risks at big banks.
Fed boards without bankers a travesty, say directors
Federal Reserve Bank directors say a Senate plan to kick bankers off the boards of regional Fed banks is an overreaction to one headline-grabbing incident and could harm the U.S. central bank.
Lake Erie Wind Farm to be First Freshwater Offshore Project in U.S.
The first step in an ambitious project to generate 1,000 megawatts of electricity from offshore wind turbines in Lake Erie was taken this week with an order to General Electric for five massive turbines. The Lake Erie Energy Development Corp., a Cleveland-based nonprofit, said the direct-drive turbines will provide 4 MW each of electricity and would be operational by the end of 2012, generating enough electricity to power 6,000 homes.
Stock futures flat as data offsets Apple
Stocks were set for a flat open on Friday as upbeat news from Apple, a technology and retail bellwether, was offset by unexpectedly flat April consumer spending data.
Consumer spending unexpectedly flat in April
Consumer spending was unexpectedly flat in April, but real disposable incomes recorded their biggest increase in nearly a year as the labor market improved and inflation remained muted, a government report showed on Friday.
ECB's Bini Smaghi-Greece a warning sign to others worldwide
European Central Bank policymaker Lorenzo Bini Smaghi said on Friday the euro zone's problems were an early warning to the rest of the world and took a swipe at Germany for fanning the flames of the crisis.
Mortgage rates edge closer to record low
U.S. mortgage rates moved still lower in the past week, nearing a record low set in early December, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
Stock futures rise ahead of sentiment, income data
Stock index futures rose on Friday ahead of data on business conditions and consumer sentiment as investors steered toward a three-day holiday weekend.
Philippines to ban iron ore exports for 5 yrs
The Philippines is considering a five year moratorium on exports of iron ore till the completion of its two integrated steel processing plants. According to country's Department of Environment and Natural Resources (DENR), the proposed ban comes from the need to conserve the resource for the possible establishment of iron or steel plants as well as the rights of the companies producing iron.
Brunei to import fuel on growing demands
Growing demand for petroleum products in the tiny south-eastern nation of Brunei forced it to import some of its required fuel products for the first time to avoid shortage. Country's only oil refinery, which was built in 1983, can no longer keep up with the increase in domestic demand for petroleum products, making it necessary for the Sultanate to import some of its required fuel products to avoid shortage.
China opens Asia's largest solar power plant
China on Thursday inaugurated Asia's largest solar power plant with a designed installed capacity totalling 166 megawatts. The power plant located at Kunming, capital of Yunnan province went into operation in the first stage with installed capacity of 20 MW.
Stock futures tick up tracking global stocks
Stock index futures edged higher on Friday, tracking global stocks, as beaten-down shares continued to entice investors and fears about euro-zone debt receded.
BP's spill costs hit $930 million
BP Plc still does not know whether its top kill operation designed to plug the biggest oil spill in United States history will be successful and puts the cost of tackling the disaster so far at $930 million.
Opera browser user growth boosted by iPhone access
Opera Software said its Internet browser for Apple's iPhone was downloaded more than 2.6 million times in April after the Norwegian company got access to iPhone as the first rival browser.
Pru confirms talks to renegotiate AIA deal
Prudential said it was trying to negotiate a cut in the $35.5 billion it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
Nokia top model N900 sales below 100,000: Gartner
Nokia sold less than 100,000 top-of-the-range N900 smartphones in its first five months on the market, researcher Gartner said, indicating it has yet to mount a serious challenge to the iPhone and Blackberry.
FOREX - Euro slips before month-end; debt fears cap gains
The euro dipped versus the dollar on Friday, paring hefty gains made the previous day, as investors squared positions ahead of the month-end while worries over the impact of the euro zone debt crisis capped rallies.
Shell buys East Resources for $4.7 billion
Royal Dutch Shell said it would pay $4.7 billion cash to buy privately held East Resources Inc, giving it substantially more exposure to natural gas plays in North America.
Opera says 2.6 million browser downloads on iPhone
Opera Software said its Internet browser for Apple's iPhone was downloaded more than 2.6 million times last month after the Norwegian firm got access to iPhone as the first rival browser firm.
Gold, platinum to get soccer boost
Global platinum production is set to face some crisis in the coming month as the world watches one of the biggest sports festivals in the world, the FIFA World Cup Soccer. It is strange that a sports event will help lift the prices of precious metals in the global markets. But this is not the first time sports events helped lift the prices of commodities. During the Beijing Olympics, several commodities witnessed a surge due to the increased demand from China for construction and other purposes....
Beijing to pump $877m into SA's platinum sector
After raiding iron ore mines across the world to make investments, China is now scouting for platinum producers in South Africa. Recently, China has decided to pump in $877 million into South Africa's platinum sector. In a deal backed by the China-Africa Development Bank, Chinese state-owned mining firm Jinchuan will acquire a 51 per cent stake in the small platinum developer and develop its Frischgewaagd-Ledig mine.
Oil edges up above $75 in Asia
Global oil prices advanced past $75 a barrel mark in Asian trade Friday mainly after China denied reports of its Eurozone disinvestments. Light sweet crude for July delivery was seen trading at $75.01 a barrel at 11.30 a.m Singapore time while in London, the Brent crude July contact was up 8 cents to $74.74 on the ICE futures exchange.
India food inflation dips to 16.23 percent
India's wholesale price based food inflation eased to 16.23 per cent for the week ended May 15. According to official figure, Inflation declined by 0.26 percentage point from 16.49 per cent in the previous week mainly on price drops of masur, fruits and vegetables.
Gold eases below $1210 on stocks rally
Gold prices eased in Asian trade Friday despite a recovery by the euro after China assured investors it was not losing confidence in euro zone assets. Gold for immediate delivery was seen trading at $1208.95 an ounce at 11.30 a.m Singapore time while U.S. gold futures for June delivery was at $1208.01 an ounce at the Comex division of the New York Mercantile Exchange.