India's duty hike to hit China's steel mills
China's steel mills, which depend on iron ore imports from India and Australia, will face major problems in the coming days as India and Australia have hiked export duty on the commodity. Last week, India raised the export tax on iron ore lump variety to 10 percent from 5 percent, and levied a 5 percent tax on iron ore fines. Currently, the average price of Indian ore with 63.5 percent iron content quoted at around $80 per tonne. China's mills depends heavily on iron ore imports from India.
Euro market meltdown resumes despite Greek deal
A renewed selling frenzy gripped euro zone financial markets on Tuesday as concern mounted that a record EU/IMF bailout for Greece would not stop a debt crisis spreading in the single currency area.
MasterCard profit up 24 percent
MasterCard Inc , the world's second-largest credit card network, said first-quarter profit increased 24 percent, beating analyst expectations and confirming that consumers are spending once again.
Private equity to buy Pearson's IDC for $3.4 billion
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.
CVS Caremark profit rises, year view brightened
CVS Caremark Corp posted a bigger-than-expected rise in quarterly profit, helped by dispensing more profitable generic drugs, and the company raised the low end of its 2010 earnings forecast.
Silver Lake, Warburg Pincus to buy IDC for $3.4 billion
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.
Avocet Q1 gold production jumps on Inata output
Avocet Mining Plc said its first-quarter gold production jumped 64 percent from the year earlier as the first contribution from its Inata mine in Burkina Faso outweighed lower output from South East Asia.
Toyota to keep U.S. sales incentives through June 1
Toyota Motor Corp is extending heavy discounts to boost U.S. auto sales for a third month, U.S. Toyota executives said on Monday, as the automaker tries to recover from a series of damaging safety recalls.
Pfizer and Merck post profit, revenue above targets
U.S. drugmakers Pfizer Inc and Merck & Co posted better-than-expected first-quarter profit and revenue on Tuesday, but Merck gave a 2010 earnings forecast that could fall short of Wall Street's target.
Pending home sales touch 5-month high in March
Pending sales of previously owned U.S. homes rose more than expected to a five-month high in March as buyers rushed to sign contracts before a popular tax credit expired, a survey showed on Tuesday.
Skull fracture patient lost faith in public health system
Skull patient suffered 3 years in waiting to get an operation.
U.S. pending home sales touch 5-month high in March
Pending sales of previously owned U.S. homes rose more than expected to a five-month high in March as buyers rushed to sign contracts before a popular tax credit expired, a survey showed on Tuesday.
Thomson Reuters first-quarter profit beats
News and data provider Thomson Reuters Corp reported a lower quarterly profit on Tuesday, reflecting the lingering effects of the financial crisis on sales to its business and legal clients.
Mammograms catch few cancers in young women: study
(Reuters) - Mammograms detect few cancers in women under the age of 40 but cause expense and anxiety because women frequently get false positives that require follow-up to rule out cancer, researchers reported on Monday.
Nissan recalls Infiniti G35 sedans, coupes
Nissan Motor Co recalled Infiniti G35 sedans and coupes affecting as many as 134,000 cars due to a connector that could cause airbags not deploy during a crash, U.S. regulators said on Tuesday.
Growth hormones develop breasts in men
Human growth hormone enhances sprint ability of athletes and not their strength or fitness.
Regulators mull antitrust look at Apple: source
Regulators are considering an inquiry into whether Apple Inc violates antitrust law by requiring that its programing tools be used to write applications for the iPad and iPhone, a source familiar with the matter said on Monday.
Magnetic brain stimulation fights depression
NEW YORK (Reuters Health) - A daily dose of electricity delivered to a specific part of the brain can lift depression, new research confirms, even for people who've already tried multiple antidepressants to no avail.
Update: April auto sales up 20 percent in gradual recovery
Auto sales rose about 20 percent in April from recession-stunted results a year earlier, reflecting a still-gradual recovery in the economy.
Mississippi has most obese kids; Oregon the least
NEW YORK (Reuters Health) - The childhood obesity epidemic is hitting some states much harder than others, threatening to further worsen geographic disparities in health, new research shows.
Wall Street set for lower open as Greece worries linger
U.S. stocks were set for a sharply lower open on Tuesday as Greece's debt problems continued to rattle investors and after a broad rally in the previous session that took the S&P 500 to its biggest day in two months.
BP struggles to stop Gulf of Mexico oil leak
BP Plc struggled to stop oil gushing unchecked from a ruptured undersea well in the Gulf of Mexico on Tuesday and calmer weather raised hopes of reducing the massive oil slick and limiting its impact on the U.S. shoreline.
Graduating Soon...
Don't despair! The doom and gloom in the world does not mean businesses are not hiring. It does however mean that competition for the job you are searching for is even more competitive than ever. So how do you get a step ahead of your competition?
Futures down after rally as Greece worries linger
U.S. stock index futures sank on Tuesday on continued worries over Greece's financial state and after a broad rally in the previous session that took the S&P 500 to its biggest day in two months.
Greek strikers challenge bailout-for-austerity deal
Striking public workers challenged the Greek government's bailout-for-austerity deal with the EU and IMF on Tuesday as investors fretted about Athens' ability to push through ambitious budget cuts.
Global cotton output to rise by 13% : ICAC
International Cotton Advisory Committee said global cotton production in the coming season will leap 13% in reaction to surging prices triggered by rebounding demand and dwindling supplies. In a statement, ICAC said world cotton crop in the year from August 2010 through July 2011 is expected to climb to 114 million bales from 112 million the previous season. Cotton prices were high compared to alternative crops during the timeframe when cotton farmers make decisions on which crops to plant.
India owns Russian oil firm, Venezuela oil field stakes
India's public oil utilities have owned a Russian oil company apart from acquiring strategic equity stakes in an oil field project in Venezuela through consortium route, Minister of State for Petroleum and Natural Gas Jitin Prasada.
Russia's oil, gas output rise this year
Russia's Energy ministry said country's oil and gas production saw a favorable increase year-on-year in the first four months this year. In a report, the ministry said, From January to April, the country's oil output reached 165.3 million tons, which was a 3.1-percent growth over the same period of last year; while the gas production soared 20.4 percent year-on-year to 237.9 billion cubic meters.
China to tap energy in Russia's Arctic region
Russia's northern Siberian province of Yamalo-Nenets Autonomous Area is in talks with China to form joint energy projects. The Autonomous region, rich for its gas and oil reserves, accounts for more than 90% of Russia's natural gas output and 12% of oil production.
India's wheat procurement dip slightly
The wheat procurement by the state run Food Corporation of India (FCI) registered a slight dip due to the lower supplies in the major growing states of the country. FCI, the nodal agency for the purchase and supply of wheat and rice on the behalf of the government, wheat purchase fell marginally to 19.94 million metric tons during April 1 to May 2 period as against the 20.06 million tons a year earlier, said an official, who declined to be named.
