Indian ban pushes Bangladeshi spinners to Australian cotton

DHAKA – Spinners in Bangladesh are switching to expensive cotton from Australia due to “uncertainties” caused by India’s export restrictions, the New Age newspaper said Tuesday.

Although India last month eased the restrictions partially, the newspaper said the spinners, awaiting arrival of 150,000 tonnes of Indian cotton contracted before a April 21 ban, found the … Read more >>.

EU finance ministers thrash out economy reforms in an effort to curb debt crisis

EU thrashes out economy reforms
LUXEMBOURG – European Union countries on Tuesday thrashed out ways to toughen oversight of their finances to prevent a repeat of the debt crisis that is forcing many nations to make huge and painful budget cuts.

EU Economy Commissioner Olli Rehn told reporters he expected the 27-nation bloc would move “fast forward … Read this article on Gaea Times at : EU finance ministers thrash out economy reforms in an effort to curb debt crisis.

Cameron readies Britain for savage spending cuts

LONDON – British Prime Minister David Cameron has warned of severe spending cuts to check the rising national debt that now stands at 770 billion pounds.

In a keynote address on the economy Monday, Cameron has said if nothing was done about it, the debt would rise to 1.4 trillion pounds in five years, meaning a …. Source  : Cameron readies Britain for savage spending cuts.

World shares rise after Fed chief reassures markets of global recovery

World shares higher after Fed chief remarks

BANGKOK – World stock markets were mostly higher Tuesday after Federal Reserve Chairman Ben Bernanke indicated the U.S. economy was still on the mend and the European common currency stabilized after hitting a new four-year low against the dollar.
Oil was slightly up, to nearly $72 dollars a barrel. Wall …. Source article  : World shares rise after Fed chief reassures markets of global recovery.

Sensex slips as Europe market opens weak

MUMBAI – A benchmark index for Indian equities slipped 55 points down from a intra-day high of 16,895.73 points in afternoon trade Tuesday after European markets opened on a weak note.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,760.6 points, was ruling at 16,840.19 points, 59.12 points or 0.35 …. Source  : Sensex slips as Europe market opens weak.

Egencia releases 2010 corporate travel global benchmarking study

GURGAON – Egencia, an Expedia, Inc. company, today unveiled its 2010 Corporate Travel Global Benchmarking Study, evaluating the current business travel landscape and corresponding supply environment for air, hotel and car inventory.

Focusing on top domestic and international business destinations in North America, Europe and Asia-Pacific, Egencia analyzed industry trends, supplier research and capacity implications …. Source  : Egencia releases 2010 corporate travel global benchmarking study.

Iranian president says fuel-swap deal is an opportunity for US, its allies

Iran: fuel swap deal is one-time opportunity
ISTANBUL – Iranian President Mahmoud Ahmadinejad said Tuesday a nuclear swap deal brokered by Turkey and Brazil is a one-time opportunity that should not be missed.
Ahmadinejad, speaking to reporters on the sidelines of a security summit, also said new sanctions against his country would be a mistake … Read more »».

Calif. GOP voters consider wealthy businesswomen to challenge Democratic icons Brown, Boxer

Wealthy businesswomen energize Calif. GOP voters

LOS ANGELES – A Republican primary season marked by a blistering campaign spending spree and less-is-more approach to government comes to an end Tuesday with two wealthy businesswomen poised to make history for the GOP.
Former eBay chief executive Meg Whitman and former Hewlett-Packard CEO Carly Fiorina have become the front-runners …. Original source  : Calif. GOP voters consider wealthy businesswomen to challenge Democratic icons Brown, Boxer.

Lawmakers crack down on prepaid cell phones that abet criminal and terror suspects

Lawmakers crack down on prepaid cells, cite terror

NEW YORK – Two lawmakers say it’s time for prepaid cell phone users to identify themselves.
New York Democratic Sen. Chuck Schumer (SHOO’-mur) and Texas Republican Sen. John Cornyn (KOHR’-nihn) have introduced legislation requiring consumers to produce identification before buying such phones.
That’s rattled some civil liberties groups, who say … Read the original article on Gaea Times at : Lawmakers crack down on prepaid cell phones that abet criminal and terror suspects.

Macao mulls ban on smoking in casinos

MACAO – The government of Macao Special Administrative Region (SAR) has proposed a comprehensive tobacco ban in all local casinos in three years, as it was drafting an anti-tobacco bill, the Macao Post Daily reported Tuesday.

Under the new version of the bill, there would be no areas in the casinos where patrons were permitted [..] Read the original article: here.

German chancellor Merkel to unveil Berlin air show

BERLIN – German Chancellor Angela Merkal will unveil the Berlin air show (ILA 2010) in this historic unified capital Tuesday in the presence of Swiss President Doris Leuthard at Berlin-Schonefeld airport’s security zone.

Organised by the German Aerospace Industries Association (GAIA) and Messe Berlin GmbH, the largest biennial international aerospace event is being held in the … Read this article on Gaea Times at : German chancellor Merkel to unveil Berlin air show.

Volkswagen to sells two million cars a year in China

BEIJING – Volkswagen AG, Europe’s largest carmaker, said Tuesday it expected to be selling two million cars per year in China within the next two years, moving up an earlier prediction of 2018 to reach that goal.

Winfried Vahland, head of Volkswagen’s China operations, said in Beijing that the goal would now be reached “in one … Read this article on Gaea Times at : Volkswagen to sells two million cars a year in China.

Lineup of Japanese Prime Minister-elect Kan’s Cabinet

Lineup of Japan’s new Cabinet
The Cabinet lineup announced Tuesday by Japanese Prime Minister-elect Naoto Kan:

Chief Cabinet Secretary: Yoshito Sengoku
Foreign Minister: Katsuya Okada (retained)
Defense Minister: Toshimi Kitazawa (retained)
Finance Minister: Yoshihiko Noda
Economy, Trade and Industry Minister: Masayuki Naoshima (retained)
Agriculture, Forestry and Fisheries Minister: Masahiko Yamada
Justice Minister: Keiko Chiba (retained)
Education, Culture, Sports, Science and Technology Minister: Tatsuo Kawabata …. Source article on Gaea Times at  : Lineup of Japanese Prime Minister-elect Kan’s Cabinet.

Strike halts production at Hyundai’s India plants, labor unrest driving carmaker to Turkey

Strike halts Hyundai’s India production
MUMBAI, India – Striking workers forced Hyundai Motor to stop all production in India on Monday, the latest in a series of union battles that have pushed the nation’s No. 2 carmaker to move some production to a factory in Turkey.

This is the fourth strike since 2008 at Hyundai’s two adjacent …. Source article  : Strike halts production at Hyundai’s India plants, labor unrest driving carmaker to Turkey.

Toronto rated world’s most improved airport

TORONTO – Toronto’s Pearson International Airport has been rated the ‘Most Improved Airport’ in the world by the international aviation industry.

The International Air Transport Association (IATA) gave the ‘2010 IATA Eagle Award for Most Improved Airport’ to the Toronto airport at a ceremony in Berlin Monday.
The award is given each year to an airport … Read : Toronto rated world’s most improved airport.

Hong Kong protesters picket Apple supplier Foxconn’s annual meeting after spate of suicides

Hong Kong protesters picket Apple supplier meeting

HONG KONG – Protesters picketed Foxconn’s annual general meeting in Hong Kong on Tuesday, accusing both the Apple Inc. supplier and computer giant of poor corporate ethics after a recent spate of suicides at Foxconn factories in mainland China.
The 30 demonstrators held signs saying, “Workers are not machines. They …. Source article on Gaea Times at  : Hong Kong protesters picket Apple supplier Foxconn’s annual meeting after spate of suicides.

Sensex rises after weak start, up 89 points

MUMBAI – A benchmark index for Indian equities moved up into the green after a weak start Tuesday and was ruling 89 points higher than its previous close, about an hour into trade.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,760.6 points, was ruling at 16,870.5 points, 89.43 points … Read more : Sensex rises after weak start, up 89 points.

Seabuckthorn to green cold deserts in Himalayan states

PALAMPUR – The cold deserts of the Indian Himalayas where the survival of many flora species is minimal may soon see massive plantations of seabuckthorn – a medicinally rich plant – in a move that is expected to help check soil erosion and benefit farmers economically.

A long-term national policy aims to start seabuckthorn plantation …. Source  : Seabuckthorn to green cold deserts in Himalayan states.

Money Market Operations as on June 7, 2010

…. Read the original article  : Money Market Operations as on June 7, 2010.

Asian shares rise after Fed chief reassures markets of global recovery

Asian shares higher after Fed chief remarks

BANGKOK – Asian stock markets managed modest gains Tuesday after Federal Reserve Chairman Ben Bernanke indicated the U.S. economy was still on the mend and the European common currency stabilized after hitting a new four-year low against the dollar.
Oil was slightly up, to nearly $72 dollars a barrel. Japan’s …. Read the original article  : here.