INVESTMENT

EU blocks proposed merger of Greek airlines

The European Commission said it has blocked a proposed merger between Greece’s two major airlines, Olympic Air and Aegean Airlines SA, because it would have created a quasi-monopoly and lead to to higher fares for four of the six million Greek and European passengers flying to and from Athens each year.
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Road transport minister Kamal Nath speaks in New York, May 8, 2008

Cabinet reshuffle boosts focus on urban growth

A ministerial reshuffle has signalled India may give sorely-needed focus to the development of its burgeoning cities, whose erratic expansion is seen as a major brake on economic growth.

Analysis: China prism focuses Pentagon budget on new weapons

China's test flight of a prototype stealth fighter will help insulate U.S. weapons spending against deeper cuts sought by deficit hawks and add momentum to efforts by Defense Secretary Robert Gates to redirect precious budget dollars to future threats.

Parties go opposite ways on Ryan's roadmap

Speculation is simmering as to what, precisely, President Obama will say in tonight’s State of the Union address. The White House has been speaking in general terms about the speech, resulting in opinions flying about what, if anything, he may actually propose.
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State Bank of Mauritius H1 profit rises

State Bank of Mauritius, the Indian Ocean island's second-largest bank, said on Tuesday first-half pretax profit rose 8.5 percent, boosted by dividend income, disposals, fees and commissions.
Military

Niger says vote to go ahead as planned on January 31

A presidential election in Niger aimed at returning the West African uranium exporter to civilian rule will go ahead as planned on January 31 after logistical problems were solved, the ruling junta said late on Monday.

Weak labour market holding back recovery - ILO

A faltering and uneven increase in jobs is holding back the overall economic recovery and unemployment is likely to continue at near record levels this year, the International Labour Organisation said on Tuesday.
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Gold drops on technicals; euro zone worries support

Gold turned weaker on technical selling on Monday, after the metal initially rose as a lower dollar and lingering worries about an European debt crisis helped recoup some lost ground from a two-month low last week.
cocoa beans

Why is the price of chocolate rising?

Lovers of chocolate probably have no clear idea where the Ivory Coast is located, but political turmoil in that West African nation will likely drive up the price of their favorite sweet treat.
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Gold edges up as price drop attracts buyers

Gold rose on Monday as lower prices after the metal's third consecutive weekly loss attracted some buyers back to the market, but a more optimistic view of global growth still limited fresh investment.
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Gold and silver technicals: Good entry points at 150, 100 SMAs?

The yellow and white precious metals have pared most of Monday's Asian gains in North American trading but the metals see strong supports at current levels as the sharp correction in recent days have already brought them to technically justified points of entry.

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