IBT Staff Reporter

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Bharti and MTN call off tie-up talks

Talks between Bharti Airtel and MTN Group to create the world's third-largest mobile operator collapsed for the second time in just over a year on Wednesday.

Iconix cuts FY view; shares sink

Iconix Brand Group Inc slashed its 2009 view, hurt by the transition to a new licensee for one of its brands and dilution from its June share offer, sending its shares tumbling 23 percent.

Nigeria may sell oil joint venture stakes to China

China has made a proposal to buy 6 billion barrels of Nigeria's crude oil reserves and the West African country said on Wednesday it could sell stakes in its joint ventures with Western oil firms to help Beijing do so.

Danone sells Wahaha venture stake, builds war chest

French food group Danone settled a legal row with China's top beverage producer Wahaha by selling out of their joint venture, as analysts speculated Danone is looking to the United States for a big acquisition.

Village Green, Microsoft partner on carbon tool

Environmental software company Village Green Global Inc is joining the dash in the market to track carbon footprints, partnering with software giant Microsoft Corp to capture the business of cities and local governments.

Man Group assets rise on lower outflows

Man Group, the world's largest listed hedge fund firm, said slowing outflows helped lift assets to an estimated $43.8 billion at end-September, at the top end of forecasts, boosting its shares.

Bob Dylan album goes for early sales to Citi customers

The times they are a-changin', and Bob Dylan's surprise decision to release his first Christmas album next month now comes with a banking tie-in that would have been unimaginable during the singer's 1960s protest years.

U.S. GDP shrinks at a smaller 0.7 percent rate in Q2

The U.S. economy contracted at slower pace than previously thought in the second quarter as improved consumer and business spending cushioned the impact of a record decline in inventories, according to a government report on Wednesday.

Iran says Geneva talks are test

Iran said on Wednesday it viewed talks with six world powers in Geneva as an opportunity and a test, while the United States weighed sanctions over Tehran's nuclear program if Thursday's meeting fails.

China's National Day parade

China will celebrate 60 years of Communist Party rule on Thursday with a massive military parade passing by Tiananmen Square in central Beijing, where Mao Zedong proclaimed the People's Republic on October 1, 1949.

Ghosts of China past emerge in anniversary snaps

In a black-and-white photo from Tiananmen Square in 1970, the four young faces are serious, the clothes drab and nearly identical, and a copy of chairman Mao Zedong's little red book is clutched in every hand.

Beijing locked down ahead of national day parade

The Chinese capital Beijing is under lockdown on the eve of a massive military parade to mark six decades of Communist Party rule, with gun-toting police manning street corners to ensure nothing spoils the event.

Indonesia quake kills 21, thousands trapped

A powerful earthquake struck off the city of Padang on Indonesia's Sumatra island on Wednesday, killing at least 21 people and trapping thousands under rubble, an official said.

Tsunami smashes Pacific islands, over 100 feared dead

A series of tsunamis smashed into the Pacific island nations of American and Western Samoa killing possibly more than 100 people, some washed out to sea, destroying villages and injuring hundreds, officials said on Wednesday.

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