China’s yuan gains, though Beijing says more currency flexibility won’t rebalance world growth

Yuan gains but China warns it won’t fix economy

SHANGHAI – China followed through Monday on its pledge to allow greater flexibility in exchange rates, but said an appreciation in its currency alone could not rebalance world growth as it urged world leaders to carry out more fundamental reforms.
By late Monday, the yuan was trading at …. Read the original article  : China’s yuan gains, though Beijing says more currency flexibility won’t rebalance world growth.

JetBlue Airways adopts Kerala IT company’s solution

THIRUVANANTHAPURAM – City-based IBS Software Services has inked a deal with JetBlue Airways under which it will provide web-based solution to the American low cost airline to manage its cargo operations.

Built on new generation technology, IBS’s iCargo solution is designed to handle the cargo movement of freighters, passenger and cargo carriers, ground handling agents …. Source  : JetBlue Airways adopts Kerala IT company’s solution.

Oil jumps above $78 in Asia as traders expect stronger yuan to boost demand

Oil jumps above $78 as China lifts currency peg

SINGAPORE – Oil prices jumped above $78 a barrel Monday in Asia as China’s move to end its two-year peg to the dollar boosted investor confidence.
Benchmark crude for July delivery was up $1.25 to $78.43 a barrel at late afternoon Singapore time in electronic trading on the …. Original article on Gaea Times at  : Oil jumps above $78 in Asia as traders expect stronger yuan to boost demand.

Delhi clears hike in auto, taxi fares

NEW DELHI – People in the national capital will have to shell out more for auto and taxi fares, with the Delhi government Monday clearing the proposal in this regard. The revised fares will be announced in a day or two.

Delhi Chief Minister Sheila Dikshit announced the fare hike after the cabinet meeting [..] Read the original article: here.

Russia cuts off gas to Belarus

Moscow, June 21 (IANS/RIA Novosti) Russia has begun cutting gas supplies to Belarus after a dispute over unpaid bills, a senior official said Monday.

State-controlled Gazprom has begun cutting gas flow to Belarus on President Dmitry Medvedev’s orders, gas monopoly chief executive officer Alexei Miller said.
“Belarus acknowledges the gas debt, but has offered to [..] Read the original article: here.

Sensex 339 points up in afternoon trade

MUMBAI – A benchmark index for Indian equities Monday built on early gains and was trading 339 points higher in afternoon trade on positive cues from other Asian markets which rose after China announced that it will move towards a flexible currency.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened … Read more »».

India, Bangladesh to set up ‘border haats’ for trade

AGARTALA – India and Bangladesh will soon set up ‘haats’ (markets) along their international border in the northeast to boost local business and trade between the two neighbours, officials said here Monday.

Two ‘border haats’ would be set up along the Indo-Bangla border in Meghalaya while eight such ‘haats’ would be established along Tripura’s border with … Read this article on Gaea Times at : India, Bangladesh to set up ‘border haats’ for trade.

CBS and Anil Ambani’s Reliance Broadcast Network in talks to launch Indian TV joint venture

CBS and Reliance plan to launch Indian TV channels

MUMBAI, India – A unit of CBS Corp. and Reliance Broadcast Network, a subsidiary of India’s powerful Reliance-ADA Group, plan to launch television channels in India together, Reliance said.
The joint venture is a first for both CBS Studios International and Reliance Broadcast Network, known until last week …. Source article on Gaea Times at  : CBS and Anil Ambani’s Reliance Broadcast Network in talks to launch Indian TV joint venture.

Maytas Infra touches 52-week high on stake sale news

MUMBAI – The Maytas Infra scrip Monday touched a 52-week high on news that the infrastructure company is selling 20 percent stake to the Saudi Binladin Group (SBG) via a preferrential allotment of shares.

“The company proposes to issue and allot to SBG Projects Investments Ltd. (a member of the Saudi Binladin Group) 15,459,133 equity …. Source  : Maytas Infra touches 52-week high on stake sale news.

Russia’s president orders cuts in gas supplies to Belarus over debt

Russia cuts gas supplies to Belarus over debt

MOSCOW – Russia on Monday cut natural gas supplies to ex-Soviet neighbor Belarus over what it claims is a debt of nearly $200 million for gas already provided.
President Dmitry Medvedev met early Monday with Alexei Miller, the chief of state-controlled gas monopoly Gazprom, and in televised remarks ordered … Read the original article on Gaea Times at : Russia’s president orders cuts in gas supplies to Belarus over debt.

Jerusalem moving ahead with plan to raze 22 Palestinian homes in contested eastern sector

Jerusalem plan would raze 22 Palestinian homes

JERUSALEM – Jerusalem’s mayor is moving ahead with a construction plan that would involve razing 22 Palestinian homes in the city’s contested eastern sector.
Mayor Nir Barkat says the plan will provide a much-needed facelift for Jerusalem’s decaying al-Bustan neighborhood, which Israel calls King’s Garden. He says the 22 homes, …. Original article  : Jerusalem moving ahead with plan to raze 22 Palestinian homes in contested eastern sector.

Agra heat fails to deter tourists

AGRA – Despite the heat wave that has sent day temperatures soaring to 40-45 degrees Celsius, there is no marked drop in the tourist inflow into the Taj city.

“This time of the year, it’s the Indian tourists — students, pilgrims from Char Dham Yatra and Ajmer Urs, and the budget traveller — who take advantage …. Original article on Gaea Times at  : Agra heat fails to deter tourists.

Report: Iran bans 2 IAEA inspectors from entering Iran

Iran bans 2 IAEA inspectors from entering Iran

TEHRAN, Iran – A state media report says Iran has banned two U.N. nuclear inspectors from entering the country.
The report posted Monday on the Web site of the state broadcasting company quotes Ali Akbar Salehi, head of Iran’s nuclear department, as saying the Vienna-based International Agency for Atomic … Read more >>>.

Trade, investment top India-US CEOs Forum agenda

WASHINGTON – Trade, investment, and an easier visa regime are expected to be the key focus as Indian and US policymakers and corporate leaders meet here Tuesday to discuss how to enhance their business ties.

India’s Finance Minister Pranab Mukherjee leads the high-powered team of policymakers including Commerce Minister Anand Sharma and Planning Commission Deputy Chairman … Read : Trade, investment top India-US CEOs Forum agenda.

Human Rights Watch calls for Zimbabwe to be removed from diamond oversight body for its abuses

Rights group calls to halt Zimbabwe diamond trade

JERUSALEM – A leading international human rights group called on the global diamond industry’s oversight body on Monday to remove Zimbabwe from its ranks because of alleged illicit trading and abuses in its diamond fields.
The New York-based Human Rights Watch said its researchers have found evidence of forced …. Original article  : Human Rights Watch calls for Zimbabwe to be removed from diamond oversight body for its abuses.

China says its new flexibility on the yuan won’t rebalance world economic growth

China: Flexible yuan won’t rebalance world economy

SHANGHAI – China says plans to allow greater flexibility in its currency are in line with its own interests but will do little to rebalance world growth without a fundamental overhaul of global financial systems.
The announcement Saturday by China’s central bank that it is giving up a two-year-old peg … Read more >>.

Money Market Operations as on June 18, 2010

…. Original source  : Money Market Operations as on June 18, 2010.

Metro train connecting Delhi, Gurgaon starts

GURGAON – The metro rail service on the New Delhi-Gurgaon route started Monday morning, ending the long wait of commuters for an effective transport system connecting the national capital and its satellite town.

The first metro trains began from Qutub Minar in south Delhi and the HUDA City Centre in Gurgaon simultaneously at 8 a.m.
Staff … Read the original article on Gaea Times at : Metro train connecting Delhi, Gurgaon starts.

China exchange rate unchanged after central bank applies greater flexibility for the yuan

China exchange rate unchanged after yuan news

SHANGHAI – The official exchange rate for China’s currency stood unchanged Monday morning in line with the central bank’s warning the value of the yuan would not dramatically rise after its two-year peg to the dollar ended.
The central bank left the yuan’s parity rate against the U.S. dollar unchanged … Original article on : China exchange rate unchanged after central bank applies greater flexibility for the yuan.

Asian stocks rise after China announced the end of its 2-year-old peg to the dollar

Asian stocks up after China currency announcement

SHANGHAI – Asian stock markets surged Monday as investors took heart from China ending its currency’s two-year peg to the dollar, and the yuan surged in spot trading.
By midafternoon, the yuan was quoted at 6.8095 to the U.S. dollar, up from Friday’s close of 6.8272. But a 0.5 percent …. Source article  : Asian stocks rise after China announced the end of its 2-year-old peg to the dollar.

Lights go out at ‘Jimmy Kimmel Live’ taping, Kimmel tapes show on laptop with computer webcam

Lights go out at ‘Jimmy Kimmel Live’ taping

LOS ANGELES – Jimmy Kimmel wasn’t going to let a little power outage stop the taping of his show.
Show publicist Chelsea Hettrick says the lights went out Monday night about an hour before ABC’s “Jimmy Kimmel Live” was set to begin taping at its Hollywood studio. She says …. Source article on Gaea Times at  : Lights go out at ‘Jimmy Kimmel Live’ taping, Kimmel tapes show on laptop with computer webcam.

German business confidence posts surprise rise in June despite debt crisis

German business confidence rises unexpectedly

BERLIN – A report shows Germany’s business confidence rose unexpectedly in June as the country continues to emerge from its economic downturn.
The closely-watched Ifo business climate index released Tuesday rose to 101.8 points from 101.5 points in May.
Analysts had been expecting a slight decline.
Hans Werner Sinn, president of the Munich-based group, …. Source  : Gaea News Network.

Italians declare 97 bn euros stashed off-shore

Rome, June 22 (IANS/AKI) Italians who stashed money in off-shore bank accounts declared 97 billion euros in the last eight months since the government announced amnesty for tax evaders.

Under a tax-evasion amnesty between September 2009 and April this year, Italians have disclosed their hidden off-shore funds worth 97 billion euros, the Bank of Italy said …. Source  : Gaea News Network.

World stock markets mostly down as Europe woes overshadow China’s yuan move

World stocks down as Europe woes overshadow yuan

SINGAPORE – World stock markets mostly fell Tuesday as renewed concern about Europe’s debt crisis overshadowed the initial enthusiasm over China’s decision to let its currency rise.
Investor sentiment was undermined after Fitch downgraded its debt rating on BNP Paribas SA – the largest bank in the eurozone by …. Original source  : World stock markets mostly down as Europe woes overshadow China’s yuan move.

Auto, taxi fares hiked in Delhi

NEW DELHI – The Delhi government Tuesday announced a steep hike in auto and taxi fares. For autos, commuters will now have to pay Rs.19 for the first two kilometres and Rs.6.50 for each subsequent kilometre.

The fare for black and yellow cabs has been hiked to Rs.20 for the first kilometre and Rs.11 for …. Original article  : Auto, taxi fares hiked in Delhi.

Spanish Parliament to vote on labor market reforms; Obama rings Zapatero to express support

Spanish Parliament votes on labor reforms
MADRID – Spanish parliamentarians are to vote on labor market reforms the government says are crucial to bringing down the country’s soaring 20 percent unemployment rate.
The reforms, which ease hiring and firing regulations, are to be approved or rejected in an afternoon session Tuesday.
The package follows an austerity …. Source article  : Spanish Parliament to vote on labor market reforms; Obama rings Zapatero to express support.

L&T bags orders worth Rs.827 crore

MUMBAI – Engineering and construction major Larsen and Turbro (L&T) Tuesday said its thermal power plant business unit has bagged two orders worth Rs.827 crore from GVK Power and the Chinese firm SEPCO for their power plant projects.

The order from GVK Power valued at Rs.602 crore is for construction, including certain electrical and …. Source  : Gaea News Network.

Industrial workers protest closures in Dhaka

DHAKA – More than 30 people were injured in continuing clashes in Ashulia Industrial Area in suburban Dhaka Tuesday morning as workers protested the closure of factories by employers.

The workers are protesting against the decision of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to close all apparel units in Ashulia for an indefinite period.
In … Read : Industrial workers protest closures in Dhaka.

Orissa to renew MoU with POSCO

BHUBANESWAR – The Orissa government is likely to renew its pact with South Korean Pohang Steel company (POSCO) to set up a $12 billion project in the state, which expired Tuesday, with some modifications.

POSCO had signed a memorandum of understanding June 22, 2005 for a 12 million tonne steel plant near the port town of …. Source article  : Orissa to renew MoU with POSCO.

Air India to fly direct daily between Melbourne and Delhi

MELBOURNE – Air India will fly daily direct services between Melbourne and Delhi in a significant move that will strengthen trade and cultural ties between Australia’s Victoria state and India.

Premier John Brumby and Industry and Trade Minister Jacinta Allan Tuesday signed a deal with Air India to fly daily direct services between Melbourne and …. Read the original article  : Air India to fly direct daily between Melbourne and Delhi.

Jerry Brown’s campaign tale of frugality overlooks his $1.8 million home, with view of SF Bay

Brown’s tale of frugality omits $1.8 million home

SACRAMENTO, Calif. – When he takes to the campaign trail, Jerry Brown is fond of reminding voters that he shunned the governor’s mansion in Sacramento in favor of a rented apartment during his first tour in the executive office and lived in a downtown loft in Oakland while …. Source article  : Jerry Brown’s campaign tale of frugality overlooks his $1.8 million home, with view of SF Bay.

US-Japan security alliance strained by base decision, other pressures on its 50th anniversary

US-Japan security pact turns 50, faces new strains
TOKYO – Uncertainty over a Marine base and plans to move thousands of U.S. troops to Guam are straining a post-World War II security alliance Japan and the United States set 50 years ago, but Tokyo’s new leader said Tuesday he stands behind the pact.
Prime … Read more »».

Chinese yuan edges lower against dollar, showing flexible exchange rates move both ways

China’s more flexible yuan edges down vs. dollar

SHANGHAI – Proving that flexibility is a two-way street, the Chinese yuan edged lower against the U.S. dollar in spot trading Tuesday, a day after surging to a new high following the central bank’s decision to let the currency trade in a wider range.
By early afternoon, the yuan …. Source article on Gaea Times at  : Chinese yuan edges lower against dollar, showing flexible exchange rates move both ways.

AP sources: Obama announcing new details of how health overhaul law will be enforced

AP sources: Obama revealing health law details
WASHINGTON – President Barack Obama is revealing details of how the government will enforce the health overhaul law, an announcement expected to focus on how insurance companies must treat consumers.
Administration officials were meeting privately Tuesday at the White House with insurance company CEOs and state …. Source  : Gaea News Network.

Sensex in red after Chinese currency euphoria dampens

MUMBAI – A benchmark index for Indian equities was trading in the red Tuesday as traders booked profits after a 300-point rise the day before and the global euphoria over China’s move towards a flexible currency died down.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,868.12 points, was ruling … Read more >>.

Delhi’s new Terminal 3 will have 78 aerobridges, 35 escalators

NEW DELHI – The humongous new Terminal 3 of the Indira Gandhi International Airport that opens July 3 will have all the amenities for passenger travel comfort, including the highest number of aerobridges in the world at a single site – 78. It is almost eight times more than what the present international terminal has. … Read more >>>.

Asian stock markets mostly down as Europe woes overshadow China’s yuan move

Asia stocks down as Europe woes overshadow yuan

SINGAPORE – Asian stock markets mostly fell Tuesday as renewed concern about Europe’s debt crisis overshadowed the initial enthusiasm over China’s decision to let its currency rise.
Investor sentiment was undermined after Fitch downgraded its debt rating on BNP Paribas SA – the largest bank in the eurozone by …. Source article  : Asian stock markets mostly down as Europe woes overshadow China’s yuan move.

Minnesota nurses authorize open-ended strike on 14 Minneapolis-area hospitals

Minn. nurses approve second strike at 14 hospitals

MINNEAPOLIS – Minnesota nurses who walked out for one day earlier this month voted overwhelmingly Monday to authorize an open-ended strike on 14 hospitals in the Minneapolis-St. Paul area.
The Minnesota Nurses Association said 84 percent of nurses voted yes to authorize the longer strike. The union needed at …. Source  : Gaea News Network.

Two Indians among Forbes billionaire heiresses to watch

WASHINGTON – Two Indian women – Roshni Nadar and Nisha Godrej – have been listed among Forbes magazine’s list of “a breed of heiresses who choose to live a lower-key life … and working to make a difference behind the scenes.”

In its latest annual list of notable heiresses, the US business magazine said it …. Read the original article  : Two Indians among Forbes billionaire heiresses to watch.

Disgruntled worker drives over people at Mazda plant in Japan, killing 1 and injuring 10

Worker runs over people at Japanese plant, 1 dead

TOKYO – A disgruntled worker slammed his car into employees at a Mazda factory Tuesday, killing one and injuring 10, stunning Japan just two years after an autoworker went on a deadly rampage in central Tokyo.
Toshiaki Hikiji, 42, was arrested about an hour later on attempted murder … Original article on : Disgruntled worker drives over people at Mazda plant in Japan, killing 1 and injuring 10.

Sensex slips in afternoon trade

MUMBAI – A key index for Indian equities Thursday slipped into the red in afternoon trade, tracking negative European and mixed Asian markets after US Federal Reserve painted a mixed economic outlook.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,750.51 points, was ruling at 17,678.66 points, 77.28 points … Read more : Sensex slips in afternoon trade.

Bangladesh losing US garment market to India, China

DHAKA – Bangladesh is losing the US market for garments to India, China, Vietnam and Indonesia, among others, causing concern among exporters.

Citing a recent report of US Commerce Department, exporters say Bangladesh, recording a marginal fall during January-April this year, has witnessed overall negative growth in shipments compared to other Asian competitors.
The … Read the original article on Gaea Times at : Bangladesh losing US garment market to India, China.

World stock markets lose ground after cautious Fed statement on economy

World stocks lose ground after Fed statement

BANGKOK – World stock markets retreated Thursday after the U.S. Federal Reserve struck a note of caution in its latest assessment of the world’s No. 1 economy.
The central bank’s statement, which accompanied a decision to leave interest rates at a record low, added to unease after weak housing figures … Original source on Gaea Times at : World stock markets lose ground after cautious Fed statement on economy.

Reliance Industries buys US shale assets for $1.3 bn

MUMBAI – Reliance Industries (RIL) Thursday said it will pay $1.3 billion for a 45 percent stake in US-based Pioneer Natural Resources’ shale gas assets.

“Reliance will acquire a 45 percent interest in Pioneer’s core Eagle Ford Shale acreage position in two separate transactions. Reliance will pay $1.315 billion for its implied share of 118,000 net …. Original article  : Reliance Industries buys US shale assets for $1.3 bn.

Manmohan Singh leaves for Canada Friday

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

On the way to Canada, the prime minister’s special aircraft, … Read the original article on Gaea Times at : Manmohan Singh leaves for Canada Friday.

Obama ally John Podesta among president’s picks for national service agency board

Podesta among Obama’s picks for service board
WASHINGTON – President Barack Obama is nominating John Podesta, a key political ally, to serve on the board that helps set policies and direction for the government’s national service agency.
Podesta, who guided Obama through the presidential transition process, is among seven people Obama …. Source article on Gaea Times at  : Obama ally John Podesta among president’s picks for national service agency board.

Speeding train runs over revelers in Spain, killing 12

12 killed as train hits pedestrians in Spain

CASTELLDEFELS, Spain – A train speeding through a seaside rail station in northeast Spain plowed into a group of youths crossing the tracks to get to a beach party marking the start of summer, killing at least 12 and injuring 14, officials said Thursday.
The youths had just got …. Original source  : Speeding train runs over revelers in Spain, killing 12.

India asks US to remove ISRO, DRDO from banned list

WASHINGTON – India has “very firmly” asked the US to ease export controls and remove top Indian agencies like the Department of Atomic Energy (DAE) and the Indian Space Research Organisation (ISRO) from the banned list.

“We have taken up export controls very firmly” Commerce and Industry Minister, Anand Sharma. told reporters Wednesday at the end … Read : India asks US to remove ISRO, DRDO from banned list.

Oil falls to near $76 in Asia on signs US crude demand, economy sluggish

Oil falls to near $76 amid signs US economy weak

SINGAPORE – Oil prices fell to near $76 a barrel Thursday in Asia amid signs the U.S. economic recovery and demand for crude remain uneven.
Benchmark crude for August delivery was down 26 cents to $76.09 a barrel at late afternoon Singapore time in electronic trading on … Read more >>>.

Exhibit imagines sustainable transportation in New York, Johannesburg, 8 other cities in 2030

NY exhibit imagines utopian, green cities in 2030

NEW YORK – Imagine no cars – or fewer, anyway.
In New York, a two-mile stretch of the FDR Drive parkway is torn down to open lower Manhattan for parks and plazas, and bicyclists are given their own lane on the Brooklyn Bridge.
An elevated highway in Guangzhou, China, is … Read more >>>.

Andrew Phillips replaces Davidar

NEW DELHI – Andrew Phillips of Dorling Kindersley has taken over as head of Penguin International succeeding David Davidar, who quit following allegations of sexual harassment by a former colleague.

Penguin International handles the publishing giant’s businesses in India, Africa and the Middle East. Phillips will take charge in September. …. Source  : Andrew Phillips replaces Davidar.

Democrats confident that bill regulating political activity will pass House vote

Campaign disclosure bill headed for House floor

WASHINGTON – Four months before midterm elections, Democrats are intent on pushing through the House legislation that requires stricter disclosure requirements on political activity by interest groups.
Republicans oppose the bill, arguing the measure is unconstitutional and crafted to place corporations at a disadvantage. Even some Democrats balked in recent … Read more >>>.

G-20 countries face split on issue of stimulus spending versus tackling soaring deficits

G-20 leaders facing worries about rising deficits
WASHINGTON – World leaders who addressed a severe economic crisis with an unprecedented show of strength last year are finding it harder to maintain their solidarity in the face of new challenges.
Despite U.S. appeals to refrain from removing stimulus measures too quickly, country after country is rushing … Original source on Gaea Times at : G-20 countries face split on issue of stimulus spending versus tackling soaring deficits.

World leaders, their standing and their issues heading into summit meetings in Canada

World leaders and their issues before G-20 summit
Leaders of the world’s major industrial countries, representing 85 percent of the global economy, will meet in Canada starting Friday for economic summits of the Group of Eight and G-20 nations. A look at selected countries and their leaders:
UNITED STATES
President Barack Obama has endured a rough … Read more >>>.

South Korean central bank says North Korea’s economy shrank in 2009

Bank of Korea: NKorean economy shrank in 2009

SEOUL, South Korea – North Korea’s impoverished economy shrank last year amid poor harvests, a slump in manufacturing and the weight of strengthened international sanctions targeting its nuclear program.
South Korea’s central bank in a report released Thursday estimated that North Korea’s economy contracted 0.9 percent – the third … Read more : South Korean central bank says North Korea’s economy shrank in 2009.

Sweden’s Hennes & Mauritz profit jumps in Q2 on higher sales and greater efficiency

Sweden’s Hennes & Mauritz Q2 profit jumps 25 pct

STOCKHOLM – Swedish fashion retailer Hennes & Mauritz AB on Thursday reported a near 25 percent jump in second-quarter net profit, boosted mainly by a weaker dollar, lower raw material costs and increased efficiencies.
Profit rose to 5.2 billion kronor ($670 million) from 4.2 billion kronor while sales, … Original source on Gaea Times at : Sweden’s Hennes & Mauritz profit jumps in Q2 on higher sales and greater efficiency.

World Bank lends 9.3 billion to India in FY 10

NEW DELHI – The World Bank is committed to supporting India’s development agenda as is evident from the record annual lending of 9.3 billion dollars for the current financial year.

According to the World Bank website, the total expected lending this year includes 2.6 billion dollars as interest-free credits from the International Development Association (IDA) … Original source on Gaea Times at : World Bank lends 9.3 billion to India in FY 10.

CEOs of Disney, Boeing, Hewlett-Packard join NYC mayor to advocate for immigration reform

NYC mayor, major CEOs lobby for immigration reform

NEW YORK – Chief executives of several major corporations, including Hewlett-Packard, Boeing, Disney and News Corp., are joining Mayor Michael Bloomberg to form a coalition advocating for immigration reform – including a path to legal status for all undocumented immigrants now in the United States.
The group includes several … Read : CEOs of Disney, Boeing, Hewlett-Packard join NYC mayor to advocate for immigration reform.

World Cup: Tourist spending boosts South African economy

PRETORIA – South African economy has received a boost from international tourists flocking the country to watch the 2010 soccer World Cup.

During the period between the kick-off of the World Cup and the first week of the event, spending by visitors exceeded $128 million (R974 million), up 54 percent from $83 million during the same … Original article on : World Cup: Tourist spending boosts South African economy.

Champion Blackhawks to send playoff hero Byfuglien to Thrashers for picks and players

Blackhawks send Byfuglien to Thrashers
ATLANTA – Rick Dudley called upon his five years as an assistant coach in Chicago to bring one of the Stanley Cup champion Blackhawks’ top young players to Atlanta.

Dudley, who in April was promoted to general manager in Atlanta, completed two deals late Wednesday that he said made the Thrashers “significantly … Read this article on Gaea Times at : Champion Blackhawks to send playoff hero Byfuglien to Thrashers for picks and players.

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.

Strike in Tripura over fuel prices Monday

AGARTALA – The Communist Party of India-Marxist (CPI-M)-led ruling Left Front in Tripura Saturday called for a 12-hour shutdown in the state Monday to protest against the hike in fuel prices.

Left Front spokesperson Gautam Das told reporters here that by increasing prices of petrol, diesel, kerosene and cooking gas, the central government “has made the …. Read the original article  : Strike in Tripura over fuel prices Monday.

Kerala shuts down against fuel price hike

THIRUVANANTHAPURAM – A shutdown called by the ruling Left Democratic Front (LDF) against the hike in fuel prices saw most shops and offices closed and public transport off the roads in Kerala Saturday.

Commuters had a tough time getting transport from railway stations and bus stops and many complained about the frequent shutdowns in the state. …. Read the original article  : Kerala shuts down against fuel price hike.

Benchmarks flat, broader markets gain amid mega announcements (Weekly market review)

MUMBAI – Benchmark indices for Indian equities ended flat for the week amid announcements from both Ambani brothers’ firms that they had signed a new gas supply agreement and the government freeing auto fuel prices.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended almost unchanged from its previous weekly close. It closed … Read this article on Gaea Times at : Benchmarks flat, broader markets gain amid mega announcements (Weekly market review).

World leaders moving to discussions of nuclear threats posed by Iran and North Korea

World summit turning attention to nuclear threats
HUNTSVILLE, Ontario – After failing to resolve their differences on economic strategy, world leaders are turning their attention to grappling with some of the globe’s toughest foreign policy problems.
President Barack Obama and other leaders of the Group of Eight major industrial countries were scheduled to open their …. Source article on Gaea Times at  : World leaders moving to discussions of nuclear threats posed by Iran and North Korea.

West Bengal hit by strike against fuel price hike

KOLKATA – Normal life was badly hit in West Bengal as buses, taxis and autorickshaws went off the roads Saturday in response to a public transport strike called by the Centre of Indian Trade Unions (CITU) against the fuel price hike.

Despite being a holiday for government employees, commuters were inconvenienced as a handful of taxis …. Original article on Gaea Times at  : West Bengal hit by strike against fuel price hike.

G20 to change IMF, World Bank headship rules

HUNTSVILLE – The leaders of the world’s 20 top economies are set to end the 60-year domination by Europe and the US of the World Bank and International Monetary Fund (IMF) at a summit here this weekend, draft documents say.

But they are not expected to approve European Union calls for a worldwide levy on bank …. Original article on Gaea Times at  : G20 to change IMF, World Bank headship rules.

The racing wasn’t realistic, but characters in ‘Days of Thunder’ captured NASCAR’s stars

20 years later, ‘Days of Thunder’ still resonates

CHARLOTTE, N.C. – “Rubbin’, son, is racin’,” or so said Harry Hogge to a worldwide audience in the summer of 1990, when NASCAR was a niche, regional sport that had yet to pique much mainstream interest.
Tom Cruise was into it, though, and that was good enough.
Riding high from …. Source  : The racing wasn’t realistic, but characters in ‘Days of Thunder’ captured NASCAR’s stars.

Boeing finds problem in 787 Dreamliners’ tail

WASHINGTON – The delivery of Boeing 787 Dreamliners may be further delayed with the company deciding to inspect the entire fleet after finding assembly problems in the tail area on some of the 23 completed planes.

Air India and Jet Airways have ordered 27 and 10 of the planes, already more than two and a half … Read more »»».

Largest gold coin sold at $4 mn in Austria

VIENNA – The world’s largest gold coin, weighing 100 kg with a diameter of 52 cm, was sold for 3.27 million euros (about $3.99 million) at an auction here.

Spanish dealer Oro Direct offered the price and became the owner, Xinhua reported.
Six bidders were registered for the auction. Oro Direct offered the bid in a … Original article on : Largest gold coin sold at $4 mn in Austria.

Product recalls: children’s tiaras, garlic spread, diet supplement

Recalls: tiaras, garlic spread, diet supplement

The following recalls have been announced:
-About 7,300 children’s tiaras, made in China and imported by Wilton Industries Inc. of Woodridge, Ill., because the item contains high levels of lead, which is dangerous for young children. No incidents or injuries have been reported. This recall involves the Wilton Youth Tiara with …. Original source  : Product recalls: children’s tiaras, garlic spread, diet supplement.

British and Russian leaders pledge to work to mend troubled relationship

UK and Russia to form closer ties
HUNTSVILLE, Ontario – British Prime Minister David Cameron and Russian President Dmitry Medvedev pledged Friday to improve the recently strained relationship between their two countries after meeting for the first time.
“We agreed that our bilateral relations required personal attention of the leaders … both in terms of …. Source  : British and Russian leaders pledge to work to mend troubled relationship.

Associated Press National News Calendar

AP National News Calendar
Eds: Major scheduled events for July 2010. Note that many events are subject to change at the last minute
… Original article on : Associated Press National News Calendar.

Product recalls: children’s tiaras, garlic spread

Recalls: children’s tiaras, garlic spread
The following recalls have been announced:

-About 7,300 children’s tiaras, made in China and imported by Wilton Industries Inc. of Woodridge, Ill., because the item contains high levels of lead, which is dangerous for young children. No incidents or injuries have been reported. This recall involves the Wilton Youth Tiara with a …. Source  : Gaea News Network.

Influential real estate magnate Walter Shorenstein, who advised presidents, dies

Real estate magnate Walter Shorenstein dies
SAN FRANCISCO – Real estate magnate Walter Shorenstein, an adviser to U.S. presidents whose company controlled about 30 million square feet of commercial real estate, has died. He was 95.
He died Thursday of natural causes at his San Francisco home, said Andrew Neilly, a spokesman for The Shorenstein …. Original article on Gaea Times at  : Influential real estate magnate Walter Shorenstein, who advised presidents, dies.

Taylor trumps Tyler: Edmonton Oilers choose F Taylor Hall with No. 1 pick in NHL draft

Edmonton chooses Taylor Hall to begin NHL draft

LOS ANGELES – The Edmonton Oilers have selected forward Taylor Hall with the No. 1 pick in the NHL draft.
The league-worst Oilers chose Hall over fellow OHL forward Tyler Seguin on Friday, making the toughest call at the top of a draft in several years.
The Boston Bruins eagerly …. Read the original article  : Taylor trumps Tyler: Edmonton Oilers choose F Taylor Hall with No. 1 pick in NHL draft.

Regulators shut down banks in Florida, Georgia, New Mexico; marks 86 bank failures this year

Regulators close banks in Fla., Ga., NM
WASHINGTON – Regulators on Friday shut down banks in Florida, Georgia and New Mexico, lifting to 86 the number of U.S. bank failures this year.

The Federal Deposit Insurance Corp. took over Peninsula Bank, based in Englewood, Fla., with $644.3 million in assets and $580.1 million in deposits. The agency … Read : Regulators shut down banks in Florida, Georgia, New Mexico; marks 86 bank failures this year.

Daniels administration releases budget cut document, but speaker says it’s not enough

New document outlines some Ind. budget cuts

INDIANAPOLIS – The administration of Republican Indiana Gov. Mitch Daniels released hundreds of pages of documents late Friday afternoon in response to Democrats who have been asking for details on how state budget cuts were made.
Senate Minority Leader Vi Simpson, D-Bloomington, had requested budget cut information from every state …. Source  : Daniels administration releases budget cut document, but speaker says it’s not enough.

Lessons from turbulent times: TIAA-CREF chief urges more tools, teaching for smarter investing

TIAA-CREF chief: lessons from turbulent times
Americans need to get smarter about how to invest for their future.
That’s the main message from Roger W. Ferguson Jr., president and CEO of TIAA-CREF, in a recent interview.
Ferguson notes that even as people take on more responsibility for their investments, they still aren’t saving enough for retirement. …. Read the original article  : here.

Granholm: Losing federal money could have ‘devastating’ impact on Michigan state budget

Losing federal money could hurt Michigan budget

LANSING, Mich. – Michigan’s budget problems will become significantly worse and state programs will be put at risk if Congress doesn’t revive a federal spending bill, Democratic Gov. Jennifer Granholm said Friday.
The legislation killed by a Republican filibuster on Thursday includes more than $500 million in federal Medicaid money … Original source on Gaea Times at : Granholm: Losing federal money could have ‘devastating’ impact on Michigan state budget.

Texas company developing transmission lines files request to become an Oklahoma public utility

Texas company asks to be an Okla. public utility

OKLAHOMA CITY – A Texas company planning a $3.5 billion transmission line project has applied to become a public utility in Oklahoma.
The application by Plains and Eastern Clean Line Oklahoma, which is an affiliate of Houston-based Clean Line Energy Partners, with the Oklahoma Corporation Commission is only … Read more »»».

A mega tunnel under the ‘pile of dead bodies’

ROHTANG PASS – Its beauty notwithstanding, this 13,300 feet high mountainous pass also, because of its treacherous terrain, ominously means “pile of dead bodies”. For India’s Border Roads Organisation (BRO), that is building the nearly 9 km-long Rohtang tunnel, it will prove a “geological challenge” to cut through the mighty Himalayas to create an all-weather …. Source article  : A mega tunnel under the ‘pile of dead bodies’.

World leaders struggle to find common ground to revive global economy with splits remaining

World leaders struggle for common economic ground

TORONTO – After achieving notable success in dealing with the worst economic crisis in decades, major countries are now struggling to manage the global recovery.
Leaders of the Group of 20 rich industrial and major developing countries were wrapping up their summit by agreeing to pursue separate strategies to sustain …. Original article on Gaea Times at  : World leaders struggle to find common ground to revive global economy with splits remaining.

Tata-owned Corus CEO to quit

LONDON – Chief executive officer of Tata-owned British steel maker Corus, Kirby Adams is to step down this October, media reports said.

Adams, who will remain as an adviser to the Corus board, will be replaced by Karl-Ulrich K??hler, the company’s chief operating officer.
The Sunday Times quoted senior steel industry sources as saying … Read : Tata-owned Corus CEO to quit.

Opposition observes nationwide strike in Bangladesh

DHAKA – The opposition in Bangladesh Sunday observed a nationwide dawn-to-dusk strike to protest against the policies of Prime Minister Sheikh Hasina, chief among them being the five deals signed with India.

Though Hasina has also signed pacts with China, Russia and other countries, her arch rival Begum Khaleda Zia of the Bangladesh Nationalist Party (BNP) … Original article on : Opposition observes nationwide strike in Bangladesh.

Mahindras to make foray in aerospace industry

BANGALORE – India’s auto major Mahindra and Mahindra is all set to make its presence felt in the skies since it is making a foray in the aviation sector.

Addressing media here, Mahindra and Mahindra’s Managing Director Anand Mahindra, said the company is investing 2.5 billion rupees into aerospace … Original article on : Mahindras to make foray in aerospace industry.

New British premier to visit India in July

TORONTO – Indian Prime Minister Manmohan Singh has once again invited his newly-elected British counterpart David Cameron to visit India — an offer that was immediately accepted and decided for July.

Manmohan Singh met Cameron Saturday for the first time after the latter replaced Gordon Brown as the British prime minister. The meeting took place on … Read the original article on Gaea Times at : New British premier to visit India in July.

Online shopping brings about more ‘phishing’ in China

BEIJING – With low prices, discounts and the ease of buying, online shopping has attracted more than 100 million netizens in China in recent times, and with it a lot of “phishing”.

“Phishing” is a fraudulent process in which a fake website attempts to acquire a user’s passwords or credit card information by disguising itself as … Original article on : Online shopping brings about more ‘phishing’ in China.

G20 leaders for talks on global recovery

TORONTO – Leaders of the world’s 20 leading economies arrived Saturday in Canada, aiming to smooth over differences on financial regulation and how to keep the global economic recovery afloat.

Major developing economies including China, India, Brazil and South Africa joined a three-day gathering that began Friday with the Group of Eight (G8) meeting of wealthy … Read : G20 leaders for talks on global recovery.

Fiorina courts Latino voters but key supporter differs with her on immigration policy

Fiorina courts Latinos in California Senate race

SACRAMENTO, Calif. – Republican Senate candidate Carly Fiorina launched a new effort Saturday to reach out to Latino voters, unveiling a Spanish-language website with supporters at a Hispanic-owned catering company.
But her chief endorsement at Saturday’s event, former U.S. Commerce Secretary Carlos Gutierrez, has sharply different views from Fiorina on …. Source article on Gaea Times at  : Fiorina courts Latino voters but key supporter differs with her on immigration policy.

World leaders turn from economic differences in hunt for common ground on security threats

World leaders seek common ground on crises
TORONTO – At odds over how to strengthen the global recovery, top world leaders found common ground on foreign policy Saturday, condemning North Korea for the alleged sinking of a South Korean warship and endorsing a five-year exit timetable for Afghanistan
In a joint statement, … Original source on Gaea Times at : World leaders turn from economic differences in hunt for common ground on security threats.

Interim manager Edwin Rodriguez gets chance to formally interview for Marlins’ permanent job

Rodriguez gets formal interview with Marlins

MIAMI – Florida interim manager Edwin Rodriguez will still be with the Marlins when they open a three-game series in his native Puerto Rico on Monday.
He just doesn’t know what job he’ll have during that trip.
The Marlins gave Rodriguez a formal interview Saturday, the latest part of their ongoing quest … Original source on Gaea Times at : Interim manager Edwin Rodriguez gets chance to formally interview for Marlins’ permanent job.

World leaders set aside economic differences to unite in criticism of Iran and North Korea

Leaders blast North Korea on warship sinking
TORONTO – Briefly putting aside deep economic differences, top world leaders on Saturday condemned North Korea for the alleged sinking of a South Korean warship, set a five-year exit timeline for Afghanistan and said the standoff in Gaza was “not sustainable and must be changed.”
In a joint …. Read the original article  : here.

Obama, South Korean leader say North Korea must face consequences for alleged ship sinking

Obama, Lee criticize North Korea on ship sinking
TORONTO – President Barack Obama said Saturday that North Korea must be “held to account” for its alleged sinking of a South Korean warship, a tough statement of support for an ally, made at its leader’s side.
After talks with South Korean President Lee Myung-Bak on the …. Read the original article  : Obama, South Korean leader say North Korea must face consequences for alleged ship sinking.

Algirdas Brazauskas, 1st president of Lithuanian after independence, dies aged 77

Lithuania’s former president Brazauskas dies at 77

VILNIUS, Lithuania – Lithuania’s first post-independence president, Algirdas Brazauskas, died at his home Saturday, his wife said. He was 77.
Brazauskas had been receiving treatment since the beginning of the year for prostate cancer and lymphoma, Kristina Brazauskiene said.
He became Lithuania’s first freely elected president in 1993, two years after …. Original article  : Algirdas Brazauskas, 1st president of Lithuanian after independence, dies aged 77.

Administration: US will resume talks to resolve issues blocking South Korea free trade deal

Obama will resume talks on South Korea trade
TORONTO – President Barack Obama said Saturday his administration will launch talks with South Korea aimed at resolving remaining issues blocking the completion of a South Korea free trade agreement.
Obama said that his goal would be to clear up the remaining issues before he visits South …. Read the original article  : here.

Geithner says G-20 must focus on keeping global recovery on track

Geithner: Keeping recovery on track is top focus
TORONTO – World leaders must work together to make sure the global recovery stays on track, Treasury Secretary Timothy Geithner said Saturday.
Geithner made his remarks as President Barack Obama has warned his counterparts from the Group of 20 nations to not reel in measures to stimulate … Read more >>>.

Top 8 industrial democracies agree on 5-year Aghanistan exit timeline; slam North Korea, Iran

World leaders unite in slamming North Korea, Iran
TORONTO, Ontario – Briefly putting aside deep economic differences, top world leaders on Saturday condemned North Korea for the alleged sinking of a South Korean warship, set a five-year exit timeline for Afghanistan and said the standoff in Gaza was “not sustainable and must …. Source article  : Top 8 industrial democracies agree on 5-year Aghanistan exit timeline; slam North Korea, Iran.

China vows not to bow to outside pressure on currency reform

China vows not to bow to currency pressure
TORONTO – China vowed Saturday not to bow to outside pressure to make more changes to its currency policy, which some U.S. officials and experts say is crucial to a global economic recovery.
Senior Chinese officials warned at a summit of the Group of 20 leading … Read this article on Gaea Times at : China vows not to bow to outside pressure on currency reform.

Four-time champion Johnson tops Junior in fan-sponsored contest

Johnson tops Junior in popularity
LOUDON, N.H. – Jimmie Johnson has another win this year, this time in a popularity contest.

Johnson beat his Hendrick Motorsports teammates, Jeff Gordon and Dale Earnhardt Jr., to win a $100,000 grant as part of the Pepsi Refresh Project. Johnson’s award will go toward providing financial relief to pediatric bone marrow …. Original article on Gaea Times at  : Four-time champion Johnson tops Junior in fan-sponsored contest.

Blue Dog in red state: Republicans take aim at rare Democratic congresswoman in South Dakota

Republicans take aim at a Democrat in South Dakota

PIERRE, S.D. – As a Blue Dog in a red state, Democrat Stephanie Herseth Sandlin has worked carefully to develop a moderate reputation in an area where Republicans outnumber their rivals.
Building on a stellar political pedigree, the state’s lone congresswoman and first female House member has kept …. Original article  : Blue Dog in red state: Republicans take aim at rare Democratic congresswoman in South Dakota.