India's RBI Relaxes Norms For Foreign Banks To Expand Business Through M&As, Locally Incorporated Subsidiaries; New Rules Bring Them Almost On Par With Local Players
Now, foreign banks can set up subsidiaries and acquire privately-run banks in the country, almost like their local competitors.
Japan Prepares For Dangerous Operation Removing Fuel Rods At Fukushima Nuclear Power Plant; Full Decommissioning Could Take Decades
The power plant, which was heavily damaged by a tsunami in 2011, is bracing for a dangerous yet necessary task.
2 Killed, 7 Wounded After Gunmen Open Fire At A Detroit Barbershop Known For Gambling
The business, located in the eastern part of the city, is also known for illegal gambling, authorities said.
Pakistan's Defense Ministry Admits To Submitting Inaccurate Data To Parliament On Civilian Deaths In US Drone Strikes; Critics Claim Data Was Fabricated
A defense ministry official confirmed to local media that the data submitted to the nation's parliament was inaccurate.
UK Industrial Production Tops Expectations, Euro Zone, EU Retail Sales Disappoint In September
Industrial production data from the UK beat forecasts while the 17-nation euro zone bloc saw a decline in retail sales.
Three Colorado Cities Vote In Favor Of Anti-Fracking Measures, While Initiative Fails In Broomfield By 194 Votes
A referendum on hydraulic fracturing, or fracking, seemed to deliver mixed results on the issue across communities in Colorado and Ohio.
Apple Details Government Requests For User Information For The First Time; US Tops Request List
Apple's report, published for the first time, shows requests made by the U.S. government for user-account information dominate the list.
UK Service Sector Grows At Its Fastest Pace In 16 Years Beating Expectations, BoE Could Raise Growth Forecasts: Markit-CIPS PMI
Sustained growth in the service sector signals a stabilization in the UK's economy and puts it on track to meet growth expectations.
Four Accused In Mumbai Teen Gang-Rape Case Are Minors, Police Arrest Three Suspects
Local police announced the arrest of three of the six accused in the rape of a teenager in Mumbai, India, on Friday.
Kellogg To Cut 7% Of Its Global Workforce To Save Costs As North American Breakfast Cereal Market Shrinks
Kellogg's decision stems from a slowdown in the breakfast cereal segment -- one of its core markets.
Boeing Cuts Production Of 747 Jets For Second Time In A Year
Boeing adjusts production of its 747-8 jumbo jets for second time in a year citing lower demand.
Newly Discovered Asteroid TV135 Not Likely To Hit Earth In 2032: NASA
NASA indicates that the giant asteroid 2013 TV135 will not destroy Earth in 2032.
Indian High Court Reinstates Criminal Proceedings Against Monsanto And Its Partners In India's First Case Of Bio-Piracy
Monsanto and its Indian partners face criminal prosecution for developing genetically-modified eggplant without government approval.
Better-Than-Expected Quarterly Earnings From Google, Positive China Data Cheer Markets; Stock Futures Point To Higher Open
Google's performance lifted market sentiment as attention shifted to quarterly earnings reports from major Wall Street companies.
China’s GDP Grew 7.8% In Third Quarter, Industrial Production Beat Forecasts, While Urban Investment Data, Retail Sales Marginally Fell Short Of Expectations
The latest official statistics show China's economy is well and truly back to its old growing habits.
US Stock Futures Point To Lower Open As Investors Turn Skeptical Of A Short-Term Solution To US Policy Crises
The market's enthusiasm for a short-term solution to the policy crisis seems to be waning quickly.
UK Retail Sales Increased More Than Expected In September, After A Surprise Fall In August
Retail sales in U.K. rebounded, aided by strong consumer spending, underscoring signs of sustained economic recovery in the country.
Kiribati Islander's Family Seeks Asylum In New Zealand As 'Climate Change Refugees'
A court in Auckland is hearing the world's first-ever case of a family seeking asylum as climate change refugees.
Typhoon Wipha Spares Crippled Fukushima Nuclear Power Plant, No New Problems Caused: Tepco
Typhoon Wipha, which killed 17 people in eastern Japan, caused no damage to the crippled Fukushima nuclear facility.
US Stock Futures Point To Higher Open As Investors Expect Policy Crisis Over Debt-Ceiling, Government Shutdown To End Wednesday
Wall Street's jaded attitude toward Washington's latest crisis could turn into a frenzied one if the U.S. defaults.
SoftBank And GungHo To Buy 51% Stake In Finland's Mobile Game Maker, Supercell, For $1.53B
The Finnish game maker, which turned a profit in 2012, could now potentially reach Asian markets.
UK's Vedanta Ups Total Offer Price To $4 Billion To Buy Out Indian Government's Stakes In Hindustan Zinc And Balco
Vedanta Resources sweetens offer price by 36 percent to buy stakes in India’s government-run entities, Hindustan Zinc and Balco.
Euro Zone, EU Industrial Production Beats Expectations In August
Industrial production in 17-bloc euro area and 28-nation European Union topped expectations.
Democrats Brings In Sequester Cuts Issue To Fore In Debate Over Debt-Ceiling, Government Shutdown Impasse, Sending Stock Futures Down
The markets are becoming increasingly concerned that Congress will not raise the debt ceiling in time to avert a catastrophic default.
Russia: Third Countries Are Training Syrian Rebels In Chemical Weapons
According to Russia, al Qaeda-linked Syrian rebel groups are receiving chemical weapon training in Afghanistan.
BRICS May Decide On $100B Reserve Fund By Early 2014
BRICS nations made little progress toward setting up a $100 billion currency-reserve pool, as disagreements cropped up over its details.
Farmer Discovers Oil Spill That Spread Over 7 Acres Of His Property While Harvesting Wheat
One of the largest crude spills in the state spewed more than 20,000 barrels of oil onto a remote wheat farm.
US Stock Futures Point To Slightly Higher Open As Markets Hope Policy Crisis Over Budget, Debt Ceiling Will End Soon
Continuing talks offer investors hope of an end to the impasse over the government shutdown and the debt ceiling before Oct.17.
Infosys Revenue, Earnings In Rupee Terms Up, But Miss Expectations, Net Profit In Dollar Terms Decline; Ups Yearly Revenue Forecast
Infosys raised its revenue forecast for the year but Q2 numbers missed expectations hurt by a one-time visa settlement charge.
Pakistani Activist Malala Yousafzai Wins EU Sakharov Prize For Human Rights; Edward Snowden Was Among The Contenders
Malala Yousafzai, a champion of girls' right to education, edged out Edward Snowden to win a top honor from the European Union.
