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Spain auction sees lower borrowing costs for benchmark bond


September 21st, 2012 - 12:05 pm ICT by IANS
Madrid, Sep 21 (IANS/EFE) Spain's Treasury sold 4.8 billion euros ($6.2 billion) worth of debt Thursday in an auction that attracted strong demand, paying a sharply lower interest rate on ... Read more...

Posted in Business |

Google acquires Nik Software


September 18th, 2012 - 10:30 am ICT by IANS
San Francisco, Sep 18 (IANS) Google has announced that it has acquired Nik Software, a German software company behind the popular photo application Snapseed on Apple's iOS platform."We want to ... Read more...

Posted in Sci-Tech |

August exports decline by 9.7 percent


September 13th, 2012 - 9:54 pm ICT by IANS
New Delhi, Sep 13 (IANS) The government Thursday said India's exports during August 2012 declined by 9.7 percent and stood at $22.3 billion from $24.7 billion in the corresponding month ... Read more...

Posted in Business |

Facebook CEO commits to lock his stock for 12 months


September 5th, 2012 - 4:12 pm ICT by IANS
San Francisco, Sep 5 (IANS) Facebook CEO Mark Zuckerberg has no intention to sell his stock for at least 12 months, said the social network company in a regular ... Read more...

Posted in Sci-Tech |

US factory orders rise


September 1st, 2012 - 1:10 pm ICT by IANS
Washington, Sep 1 (IANS) New orders for US manufactured goods rose 2.8 percent in July, indicating that the US manufacturing sector was gaining momentum, the US Department of Commerce reported. ... Read more...

Posted in Business |

South Korea’s current account surplus hits new high


August 29th, 2012 - 1:11 pm ICT by IANS
Seoul, Aug 29 (IANS) South Korea's current account surplus hit a new high last month as imports contracted at a faster pace than exports, data by the central bank showed ... Read more...

Posted in Uncategorized |

Apple awarded $1 bn in patent fight with Samsung


August 25th, 2012 - 10:56 am ICT by IANS
Washington, Aug 25 (IANS) Apple scored a huge victory as a federal jury in California found rival Samsung guilty of "wilful" violations of a number of Apple's patents and awarded ... Read more...

Posted in World |

A Rs.1 billion medicine scam unearthed in Sindh


August 20th, 2012 - 11:01 pm ICT by IANS
Islamabad, Aug 20 (IANS) A huge scam involving purchase of drugs worth Rs.1 billion has been unearthed in Pakistan's Sindh province, Geo News reported.An audit report for the 2012 financial ... Read more...

Posted in World |

Reliance Cap concludes stake sale to Nippon Life for $290 mn


August 17th, 2012 - 1:41 pm ICT by IANS
Mumbai, Aug 17 (IANS) Reliance Capital, a part of the Anil Ambani Group, Friday said it has concluded its 26-percent stake sale to Japan's Nippon Life for $290 million, pushing ... Read more...

Posted in Business |

India’s July exports dip 14 percent


August 14th, 2012 - 5:43 pm ICT by IANS
New Delhi, August 14 (IANS) India's July exports declined 14.8 percent, according to data released here Tuesday.Exports stood at $22.4 billion compared to July 2011 when they were $26.3 billion. ... Read more...

Posted in Business |

China’s July exports slow sharply (Lead)


August 10th, 2012 - 2:47 pm ICT by IANS
Beijing, Aug 10 (IANS) China's export growth slowed sharply in July to a six-month low following dwindling demand from Europe and Japan, official data showed Friday.Exports rose 1 percent year ... Read more...

Posted in Business |

Toyota to invest $500 mn in Brazil


August 9th, 2012 - 1:37 pm ICT by IANS
Rio de Janeiro, Aug 9 (IANS) Japan's automobile manufacturer Toyota has announced an investment of 1 billion reais ($500 million) to set up an engine factory in Brazil.The announcement Wednesday ... Read more...

Posted in Business |

Murdoch buys Dutch league rights


August 8th, 2012 - 5:07 pm ICT by IANS
The Hague, Aug 8 (IANS) Media magnate Rupert Murdoch has bought the live broadcasting rights of the Dutch football league for around 1 billion euros.Murdoch's US television network Fox will ... Read more...

Posted in Uncategorized |

Myanmar’s foreign trade hits nearly $5 bn


July 24th, 2012 - 2:22 pm ICT by IANS
Yangon, July 24 (IANS) Myanmar's foreign trade hit nearly $5 billion in the first three months (April-June) of the fiscal year 2012-13, a media report said Tuesday. Of the foreign ... Read more...

Posted in South Asia |

US House passes Pentagon budget


July 20th, 2012 - 8:17 am ICT by IANS
Washington, July 20 (IANS) The US House of Representatives Thursday passed next year's massive $607-billion defence bill.The Republican-controlled House approved the measure in a 326-90 vote, after two days ... Read more...

Posted in World |

China launches solar-powered buses


July 18th, 2012 - 7:49 pm ICT by IANS
Beijing, July 18 (IANS) Buses that run on electricity generated by solar photovoltaic cells have been launched for the first time in a city in northeast China, a media report ... Read more...

Posted in Environment |

EU-India trade exchanges fall


July 17th, 2012 - 8:29 pm ICT by IANS
Brussels, July 17 (IANS) Exports from the European Union (EU) to India have fallen by one percent from 13.1 billion euro for January to April, 2011 to 13 billion euro ... Read more...

Posted in Business |

China’s FDI drops (Lead)


July 17th, 2012 - 3:14 pm ICT by IANS
Beijing, July 17 (IANS) China attracted $12 billion in foreign direct investment (FDI) in June, 6.9 percent lass than a year earlier, it was announced Tuesday. The figure took the ... Read more...

Posted in Business |

Exports dip by 5.45 percent; trade deficit narrows (Lead)


July 13th, 2012 - 8:20 pm ICT by IANS
New Delhi, July 13 (IANS) India's exports dropped 5.45 percent to $25.07 billion in June, falling sharply for the second consecutive month due to weak demands in North America and ... Read more...

Posted in Business |

DNA screening to help choose life partners


July 13th, 2012 - 7:09 pm ICT by IANS
London, July 13 (IANS) In the future, men and women may rely on their genetic compatibility to choose their life partners rather than through a fickle emotion such as love.... Read more...

Posted in Health Science |

US consumer credit goes up


July 10th, 2012 - 2:11 pm ICT by IANS
Washington, July 10 (IANS) US consumer credit increased at an annual rate of 8 percent in May as consumers stepped up their borrowing, the US Federal Reserve reported. Total consumer ... Read more...

Posted in Business |

China to inject $157 mn in film, media projects


July 10th, 2012 - 12:04 am ICT by IANS
Beijing, July 9 (IANS) China plans to inject more than 1 billion yuan (about $157 million) in film and media enterprises over the next six months, it was reported Monday.The ... Read more...

Posted in Entertainment |

Japan’s current account surplus falls


July 9th, 2012 - 3:01 pm ICT by IANS
Tokyo, July 9 (IANS) Japan's current account surplus fell 62.6 percent in May from a year earlier to 215.1 billion yen, according to a report released by the government Monday.The ... Read more...

Posted in Business |

Government cautious as New Zealand deficit below forecast


July 6th, 2012 - 1:55 pm ICT by IANS
Wellington, July 6 (IANS) The New Zealand government Friday welcomed "encouraging" indications of a shrinking deficit, but sounded a cautious note over the state of the global economy.Figures released by ... Read more...

Posted in Business |

HP launches solutions for SMBs


July 5th, 2012 - 9:42 pm ICT by IANS
New Delhi,July 5 (IANS) IT giant HP Thursday launched new solutions and services to help small and medium businesses (SMBs) build their technology infrastructure to cater to the rising mobile ... Read more...

Posted in Uncategorized |

MTS launches 30 paise plan for calls


July 5th, 2012 - 5:43 am ICT by IANS
New Delhi, July 4 (IANS) Sistema Shyam Teleservices Limited (SSTL), which operates its services under brand name MTS, Wednesday rated all its tariffs, including roaming services and international calls, at ... Read more...

Posted in Business |

Poonawalla group acquires Dutch global vaccine company


July 5th, 2012 - 5:31 am ICT by IANS
Pune, July 4 (IANS) Serum Institute of India, the flagship company of the over $1 billion Poonawalla Group vaccine company, Wednesday announced the acquisition of Bilthoven Biologicals of the Netherlands, ... Read more...

Posted in Health |

Cuban president embarks on China, Vietnam trip


July 3rd, 2012 - 5:22 am ICT by IANS
Havana, July 3 (IANS) Cuban President Raul Castro has embarked on an official tour to China and Vietnam, the Prensa Latina news agency reported Monday.Castro and his delegation, including Foreign ... Read more...

Posted in World |

Lanco Hills launches Lanco Domina


July 2nd, 2012 - 11:19 pm ICT by IANS
Hyderabad, July 2 (IANS) Lanco Hills, one of the world's largest mixed development projects, Monday announced the launch of Lanco Domina, a set of two high-rise residential towers.The Domina project, ... Read more...

Posted in Business |

Profits of China’s major companies slide (Lead)


June 29th, 2012 - 2:35 pm ICT by IANS
Beijing, June 29 (IANS) Profits of major companies in China hit 390.9 billion yuan ($61.8 billion) in May, down 5.3 percent from the same period last year, the nation's top ... Read more...

Posted in Business |

Essar commissions 2nd unit of Salaya power project in Gujarat


June 15th, 2012 - 6:49 pm ICT by IANS
Ahmedabad, June 15 (IANS) Essar Energy Friday said the second unit of the 2X600 MW Salaya-I power plant in Gujarat has begun commercial operations.The Mumbai-based firm had launched commercial operations ... Read more...

Posted in Business |

Nokia to close facilities, cut up to 10,000 jobs worldwide


June 15th, 2012 - 6:15 pm ICT by BNO News
ESPOO, FINLAND (BNO NEWS) -- Nokia, the world's largest manufacturer of mobile phones, on Thursday said it will cut up to 10,000 jobs worldwide over the next year and close a number ... Read more...

Posted in Technology Industry News |

Russian media market to grow to $39 bn by 2016


June 14th, 2012 - 9:37 pm ICT by IANS
Moscow, June 14 (IANS/RIA Novosti) Russia's entertainment and media market will grow to $39 billion by 2016, with consumer spending in the sector to grow at an average annual rate ... Read more...

Posted in Entertainment |

China’s exports up 15 percent


June 11th, 2012 - 6:09 pm ICT by IANS
Beijing, June 11 (IANS) China's exports rose by over 15 percent in May, from the previous year, as shipments to the US increased significantly and trade with the European Union ... Read more...

Posted in Business |

NATO plans new Afghan mission after 2014


June 4th, 2012 - 11:17 pm ICT by IANS
Moscow, June 4 (IANS/RIA Novosti) Afghanistan and NATO have agreed to develop a plan for a new international peacekeeping mission in the country after 2014 when Afghan forces take full ... Read more...

Posted in World |

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