More From IBT Staff Reporter
Build it and they will do it? Retailers' India dilemma
Lush green fields greet visitors to the agricultural heartland in India's northwest, some dotted with tall bundles of paddy covered with black tarpaulin, exposed to the sun, the occasional thundershower and rodents.
May 21, 2010
BA sees 2010/11 break even after record full-year loss
British Airways on Friday predicted a return to breakeven next year, helped by recovering business-class traffic, after it posted a record 531 million pounds full-year loss, hit by strikes and winter snow.
May 21, 2010
Google premieres Web television gamble
Web search king Google Inc on Thursday showed off a risky attempt to marry the Web to television and reach the $70 billion TV advertising market, chasing a dream that has eluded even archrival Apple Inc.
May 21, 2010
Asian stocks dive although euro edges up
Asian stock markets slid on Friday as worries about the euro zone and the flare-up in market volatility prompted investors to sell shares and keep cash until calm returns.
May 21, 2010
BA posts record $762 million full-year loss
British Airways posted a record 531 million pounds ($762 million) full-year loss, hit by strikes and winter snow, though said it had managed to cut costs by around 1 billion pounds due to restructuring efforts.
May 21, 2010
Oil falls to near $70 on euro zone woes
U.S. oil prices dropped to near $70 on Friday, after falling the previous day for a seventh time in eight sessions, on unabated fears that Europe's debt crisis could hurt global economic growth and slow energy demand.
May 21, 2010
EU braces for fiscal scrutiny as $1 trillion rescue in works
Germany is poised to approve on Friday the lion's share of a $1 trillion safety net for financially troubled euro zone nations as an EU task force looks to toughen regulations within the bloc blighted by a debt crisis that has cast a pall over global economic health.
May 21, 2010
Dell plagued by supply shortage
Dell Inc's quarterly sales and profit beat expectations but its gross margin fell short of analysts' forecasts and the computer maker warned that components supply will remain tight.
May 20, 2010
Chrysler IPO will probably be in 2011: CEO
Chrysler will probably launch its public offering in 2011 and expects that 2010 will be a better year than it originally had forecast, the company's chief executive said on Thursday.
May 20, 2010
Germany, France pledge unity as markets falter
France and Germany pledged on Thursday to work together to solve a European debt crisis and support the euro, patching up a public rift that had rattled markets around the world.
May 20, 2010
Factbox: Resolving differences on regulatory reform bills
With U.S. Senate passage on Thursday of a landmark bill to crack down on Wall Street, lawmakers must resolve differences between that measure and one approved in December by the House of Representatives.
May 20, 2010
Australian Dollar Outlook 21/5/2010
The Australian Dollar is trading in very wide ranges as we write this report. The low of the day so far is USD 0.8072.
May 20, 2010
Wall Street sinks on euro-zone fears, reform angst
Stocks sank nearly 4 percent on Thursday on growing fears the euro zone's efforts to tackle its sovereign debt crisis will fall short, jeopardizing the global economic recovery.
May 20, 2010
Final vote on Wall Street reform bill seen in Senate
The Senate will pass a sweeping reform of financial regulation on Thursday night, said an aide to Senate Democratic Leader Harry Reid, capping months of wrangling over the biggest overhaul of financial rules since the 1930s.
May 20, 2010
Mozart effect a myth
Listening to Mozart does not make you smarter, researchers from the Austrian composer's homeland say, contradicting a popular 1993 study that first coined the Mozart effect.
May 20, 2010
Senators press for flash crash answers
Frustrated lawmakers pressed regulators to move faster to pinpoint the cause of the mysterious May 6 market crash, with two weeks of investigation producing few answers.
May 20, 2010
Hendra fears spread in Queensland
Biosecurity Queensland has hurried to a Sunshine Coast property amid fears of an outbreak of Hendra virus.
May 20, 2010
Australians warned over food allergies
Assumptions by a sufferer that they'll be okay and won't need their life saving medication, local restaurant staff assuming there are no nuts in a menu item, or doctors assuming that patients with a food allergy understand the full extent of their condition, can all have tragic consequences, said AA President Maria Said.
May 20, 2010
Sweeping Wall Street reform bill advances in Senate
The Senate was expected by the end of the week to approve the biggest overhaul of financial regulations since the 1930s after the measure finally cleared a procedural hurdle on Thursday.
May 20, 2010
Dell profit exceeds forecasts but shares slump
Computer maker Dell Inc reported a stronger-than-expected profit, but warned of volatile global currencies and components shortages, and the company's shares stumbled in after-hours trade.
May 20, 2010
Stocks sink on euro-zone fears, reform angst
Stocks sank nearly 4 percent on Thursday on growing fears the euro zone's efforts to tackle its sovereign debt crisis will fall short, jeopardizing the global economic recovery.
May 20, 2010
Daily forex forecast - 21/5/2010
With the market extra sensitive to any negative news at present yesterdays shock 7% drop in the Westpac Consumer Confidence report for May sent the Aussie plummeting in local trade.
May 20, 2010
House prices to eke out small rise this year
House prices will manage a small gain in 2010 after the worst crash since the Great Depression but gains in coming years are likely to come slowly, a Reuters poll found.
May 20, 2010
Oil slumps on euro zone woes, expiry
U.S. oil prices fell for the seventh time in eight sessions on Thursday on worries that fiscal problems in Europe could stifle global economic growth and energy demand.
May 20, 2010
Fed's Tarullo says Europe crisis threatens U.S. economy
Europe's debt crisis poses a potentially serious risk to the U.S. economic recovery because it threatens global credit markets and large American banks, a top Federal Reserve official said on Thursday.
May 20, 2010
Oil slumps more than 8 percent
U.S. oil prices fell sharply on Thursday on worries that fiscal problems in Europe could stifle global economic growth and energy demand.
May 20, 2010
U.S. fails to describe wireless industry as competitive
The U.S. Federal Communications Commission for the first time since 2002 did not describe the wireless industry as having effective competition, a situation one senior regulator blamed on consolidation.
May 20, 2010
Annoyed by cellphones? Scientists explain why
NEW YORK (Reuters Life!) - Ever wonder why overhearing a cellphone conversation is so annoying? American researchers think they have found the answer.
May 20, 2010
Jobless claims jump, cast a pall over job market
New claims for state jobless benefits unexpectedly rose last week for the first time since early April, suggesting the labor market recovery may have hit a speed bump.
May 20, 2010
Merkel, Sarkozy pledge unity as markets wilt
The leaders of Germany and France pledged on Thursday to work together on financial regulation and the euro zone crisis after European discord over debt and new market rules rattled investors worldwide.
May 20, 2010
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