RNRL signs gas pact with RIL

MUMBAI – The Anil Ambani-promoted Reliance Natural Resources (RNRL) said Friday it has signed a revised gas supply agreement with the Mukesh Ambani-led Reliance Industries (RIL).

The agreement follows the Supreme Court ruling asking both sides to renegotiate and finalise a new gas sales deal as per the rules set by the government and subsequent assurance …. Source article  : RNRL signs gas pact with RIL.

Unbeaten yet eliminated New Zealand makes coach Ricki Herbert proud at World Cup

Unbeaten New Zealand makes coach proud
POLOKWANE, South Africa – New Zealand coach Ricki Herbert has every reason to be proud of his team, despite its first-round elimination at the World Cup.

The All Whites remained unbeaten in three games and finished above defending champion Italy, but still saw their second visit to the World Cup come … Original article on : Unbeaten yet eliminated New Zealand makes coach Ricki Herbert proud at World Cup.

Japan court orders protesters away from theater set to show dolphin-hunt movie ‘The Cove’

Japan court blocks ‘The Cove’ protests at theater

TOKYO – A court Friday ordered protesters to keep away from a theater that plans to show the Oscar-winning documentary “The Cove,” about a dolphin hunt in a Japanese village.
The movie shows scenes of the bloody but legal dolphin slaughter filmed using hidden cameras, and portrays local fisherman …. Source article  : Japan court orders protesters away from theater set to show dolphin-hunt movie ‘The Cove’.

Himachal hydropower plant resumes generation

SHIMLA – Power supply in Delhi, Haryana and other northern states normalised Friday as the 1,500 MW Nathpa Jhakri hydel power plant resumed generation in Himachal Pradesh’s Kinnaur district, an official said here.

The plant was temporarily shut down Thursday noon after the level of silt rose in the Sutlej river.
The power generation was resumed … Read more : Himachal hydropower plant resumes generation.

World stock markets mixed as US retail forecasts, economic data hint at weak recovery

World markets mixed on concerns about US recovery

SINGAPORE – Asian stock markets stumbled Friday after downbeat forecasts from U.S. retailers added to concern about the strength of the economic recovery. European shares posted moderate gains.
The broad declines in Asia followed a dour session on Wall Street. The muted forecasts from retailers including Nike and Bed …. Source article on Gaea Times at  : World stock markets mixed as US retail forecasts, economic data hint at weak recovery.

House, Senate negotiators close in on deal on regulatory overhaul

House, Senate deal near on Wall Street bill
WASHINGTON – House and Senate negotiators broke through logjams as they worked in a packed hearing room to wrap up a sweeping overhaul of financial regulations in time to get it to President Barack Obama by July 4.
Lawmakers cut deals in public and behind …. Original article  : House, Senate negotiators close in on deal on regulatory overhaul.

World leaders agree to disagree on best economic strategy to focus on other issues at summit

Leaders differ on how to nurture a global recovery
TORONTO – World leaders, facing serious differences over the best way to nurture a fragile global recovery, are agreeing to disagree in a variety of key areas.
Even before the economic talks were to begin over lunch Friday, the leaders engaged in a series of dueling …. Read the original article  : here.

With jobs agenda stymied, congressional Democrats settle for short term fix for Medicare

Dems settle for Medicare fix as jobs bill falters

WASHINGTON – Congressional Democrats are looking for ways to salvage their election-year jobs agenda after the Senate failed to pass a long-sought extension of unemployment payments.
Senate Democrats cut billions from the bill in an attempt to attract enough Republican votes to overcome a filibuster. But Thursday’s 57-41 …. Original article  : With jobs agenda stymied, congressional Democrats settle for short term fix for Medicare.

787s not flying while Boeing addresses problem with component built by Italian company

Boeing 787s not flying while problem addressed

SEATTLE – Boeing Co. says it has decided to inspect its five flight-test 787 jets before they fly again because of a quality problem found in a portion of the tail built by Italian manufacturer Alenia.
The Seattle Times reported Thursday that the problem in the horizontal stabilizer, the smaller …. Source article on Gaea Times at  : 787s not flying while Boeing addresses problem with component built by Italian company.

Give fair wage to Bangladesh workers: Parliamentary body

DHAKA – A Bangladesh parliament committee has told the government to declare “a time befitting minimum wage structure” by July 29 for the country’s readymade garments industry that is facing recurring industrial violence.

The parliamentary standing committee on labour and employment also recommended taking measures to resolve all the other problems in the garments sector. …. Original article  : Give fair wage to Bangladesh workers: Parliamentary body.

Sensex down, markets lacklustre

NEW DELHI – A benchmark index for Indian equities Friday was ruling 49 points lower from its previous close in lacklustre trade.

Trading in broader markets was also insipid.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,705.11 points, was ruling at 17,680.89 points, 49.35 points or 0.28 … Read this article on Gaea Times at : Sensex down, markets lacklustre.

Hundreds of wheat bags found with soil

CHANDIGARH – Authorities in Punjab Friday raided the warehouses of a government foodgrain procurement agency and found hundreds of gunny bags with soil instead of wheat stocks.

Government sources said the scam could run into millions of rupees. The stocks allegedly belonged to procurement agency Punsup.
The official said at least 1,000 wheat bags had nothing …. Source article  : Hundreds of wheat bags found with soil.

Talks stretch into Friday as lawmakers move toward deal on Wall Street regulation bill

Lawmakers edge toward agreement on Wall St. bill

WASHINGTON – Working into early Friday, lawmakers drafting an overhaul of bank regulations softened a contentious Wall Street restriction that would force large bank holding companies to spin off their lucrative derivatives business.
The deal, negotiated between the White House and Sen. Blanche Lincoln, D-Ark., eliminated one of the …. Read the original article  : here.

Manmohan Singh leaves for G20 Summit

NEW DELHI – Prime Minister Manmohan Singh left Friday for the June 26-27 G20 Summit in Toronto where he will also hold talks with his Canadian counterpart Stephen Harper and sign a bilateral nuclear pact on the lines India has with the US.

On the way to Canada, the prime minister’s Air India One will make …. Read the original article  : Manmohan Singh leaves for G20 Summit.

Nepal to test-drive Nano next month

KATHMANDU – A year after its launch in India, Tata Motors’ much-awaited “people’s car”, the Tata Nano, is poised to hit the international market, with Nepal beginning the first test-drive of the world’s cheapest car next month.

Sipradi Trading Pvt Ltd, the Kathmandu-based Nepali company that is the sole dealer for Tata vehicles in the Himalayan … Read more »».

Ever-ambitious Dubai targets goal of world’s busiest airport despite financial woes

Dubai’s ambitions soar with new airport
DUBAI, United Arab Emirates – In the desert beyond the skeletons of villas unfinished because of Dubai’s economic slump, the home of the tallest building is preparing to open what could become another record-setter: an airport aiming to become the world’s busiest.

Civic boosters envision Dubai World Central-Al Maktoum International, set … Read the original article on Gaea Times at : Ever-ambitious Dubai targets goal of world’s busiest airport despite financial woes.

Talks stretch into Friday as lawmakers push for deal on Wall Street regulation bill

Lawmakers seek a deal for Wall Street bill

WASHINGTON – Working into early Friday, lawmakers drafting an overhaul of bank regulations sought to soften a contentious Wall Street restriction that would force large bank holding companies to spin off their lucrative derivatives business.
House Democrats, prodded by moderates and members of the New York congressional delegation, offered …. Original article  : Talks stretch into Friday as lawmakers push for deal on Wall Street regulation bill.

First Quarter Review of Monetary Policy 2010-11 on July 27, 2010

Dr. D. Subbarao, Governor, Reserve Bank of India will announce the First Quarter Review of Monetary Policy for 2010-11 on Tuesday, July 27, 2010.  This will be done in a meeting with the chief executives of major scheduled commercial banks at 11.00 a.m. on July 27, 2010 at … Original article on : First Quarter Review of Monetary Policy 2010-11 on July 27, 2010.

Oil drops to near $76 in Asia on renewed concerns over pace of global economic recovery

Oil drops to near $76 amid new economic jitters

KUALA LUMPUR, Malaysia – Oil prices fell to near $76 a barrel Friday in Asia as regional stock markets tumbled amid concerns over the pace of the global economic recovery.
Benchmark crude for August delivery was down 13 cents to $76.38 a barrel at late afternoon Kuala Lumpur …. Source article on Gaea Times at  : Oil drops to near $76 in Asia on renewed concerns over pace of global economic recovery.

Phoenix Suns select Gani Lawal of Georgia Tech with 46th pick in NBA draft

Suns select Georgia Tech’s Lawal with 46th pick

PHOENIX – The Phoenix Suns, working with a general manager who will walk away from his job next week, have selected Gani Lawal of Georgia Tech with the 46th pick overall in the NBA draft.
Lawal left college after his junior season, when he averaged 13.1 points, 8.5 rebounds …. Source article on Gaea Times at  : Phoenix Suns select Gani Lawal of Georgia Tech with 46th pick in NBA draft.