Business News – Newsletter for February 18, 2010
Banks say UK mortgage lending hit 10-year low in January after surge in December LONDON – Mortgage lending in the United Kingdom hit a 10-year low in January, following an unusual surge in December as buyers sought to beat a new-year tax increase, the Council of Mortgage Lenders said Thursday. Delhi, Dhaka to discuss electricity sharing Indian Power Secretary H.S. Brahma will lead the Indian delegation while Secretary to the Power Division M. Abul Kalam Azad will lead the Bangladesh team during the official talks that begin here …. Source article on Gaea Times at : Delhi, Dhaka to discuss electricity sharing. BPCL partner finds gas in Mozambique Bharat PetroResources Ltd., a wholly owned subsidiary of BPCL, holds a 10 percent participating interest in the Rovuma Basin, Area I, shore Mozambique. Sensex still sluggish, breadth weak The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,421.2 points, was trading at 16,299.7 points, down 129.21 points or … Read more >>. Moody’s Investors Service downgrades Los Angeles financial outlook LOS ANGELES – A major credit-rating agency has issued a gloomy outlook for the financial situation in Los Angeles. NYC judge set for chorus of discontent over Google online library before deciding its fairness NEW YORK – A highly anticipated hearing to decide if Google can legally build the world’s biggest digital library is set for federal court in New York City. German car and truck maker Daimler reports 4th quarter net loss of $482 million STUTTGART, Germany – German car and truck maker Daimler AG says it lost euro352 million ($482 million) in the fourth quarter of 2009 amid the global economic slump. Government to look at stimulus for weak export sectors in April “We will provide internal stimulus to those exports which are making losses only after the budget,” commerce secretary Rahul Khullar told reporters here while releasing a study …. Read the original article : here. ‘3 Idiots’ UAV attracts eyeballs at DefExpo Visitors were mesmerized by a small bird like object hovering 50 metres above the ground and beaming down video footage of the surroundings. With …. Original article on Gaea Times at : ‘3 Idiots’ UAV attracts eyeballs at DefExpo. Loss-ridden Air India to get Rs.800 cr fresh equity A meeting of the Cabinet Committee on Economic Affairs, presided over by Prime Minister Manmohan Singh here Thursday, approved the fresh equity induction …. Original article : Loss-ridden Air India to get Rs.800 cr fresh equity. World markets slightly lower as investors look for new catalyst after big rally SINGAPORE – World stocks were mostly lower Thursday after rallying the previous day amid indications the U.S. economy is improving. Indian company makes chopper airframes for US Staffing company Randstad reports profit in Q4, says companies are taking on temporary workers AMSTERDAM – Dutch staffing company Randstad Holding NV on Thursday said it made a profit in the fourth quarter, with its U.S. operations reporting growth for the first time in three years. Swiss-Swedish engineering group ABB reports 4th quarter net profit of $540 million Despite restructuring charges of $350 million, the company more than doubled its net profit from the $213 million earned in the same …. Read the original article : Swiss-Swedish engineering group ABB reports 4th quarter net profit of $540 million. Societe Generale 4th quarter profit up to $303M as international retail ops return to profit PARIS – French bank Societe Generale SA said Thursday its net earnings more than doubled in the fourth quarter as its international retail and private banking operations returned to profit. Himalya International launches ‘Himalaya Fresh’ Chairman Himalya International Limited Manmohan Malik said, so far only plain and flavored yogurts are produced in India by major companies and … Original article on : Himalya International launches ‘Himalaya Fresh’. Paint maker Akzo Nobel reports $81.5 million loss in 4th quarter Net loss was ???60 million ($81.5 million), versus a loss of …. Original article : Paint maker Akzo Nobel reports $81.5 million loss in 4th quarter. Air India to get fresh equity worth Rs.800 crore A meeting of the Cabinet Committee on Economic Affairs, presided over by Prime Minister Manmohan Singn here Thursday, approved the fresh equity for National Aviation Co …. Original article on Gaea Times at : Air India to get fresh equity worth Rs.800 crore. Glamorous ski resort that’s home to Alpine events may be for sale _ during the Olympics WHISTLER, British Columbia – At the height of its Olympic glory, Whistler – the ski resort hosting glamorous Alpine events at the Winter Games – may be headed for the auction block. Employee-employee incivility in front of customers is bad for business In the study, researchers Christine Porath, Debbie MacInnis, and Valerie Folkes from all University of Southern California found that consumers frequently witnessed incidents of employees behaving badly toward each …. Original article : Employee-employee incivility in front of customers is bad for business.
Thursday, February 18, 2010
UK mortgage lending at 10-year low in January
Gross lending was 9.1 billion pounds ($14.2 billion) in January, the lowest monthly …. Original article : Banks say UK mortgage lending hit 10-year low in January after surge in December.
DHAKA – Bangladesh and India are to discuss cross-border power grid connectivity with participation from the state sector and private entrepreneurs, an official said.
MUMBAI – State-run oil marketing company Bharat Petroleum Corporation Ltd (BPCL) Thursday said gas had been discovered at an offshore Mozambique find in which its overseas subsidiary holds a 10 percent stake.
“The …. Original article on Gaea Times at : BPCL partner finds gas in Mozambique.
MUMBAI – A benchmark index for Indian equities continued to trade on a sluggish note Thursday afternoon and was ruling 129 points in the red about 45 minutes before closing bell.
Moody’s issues negative outlook for LA finances
Moody’s Investors Service on Wednesday reduced its opinion of the city’s finances from “stable” to “negative” because the city has delayed addressing its $212 million budget deficit.
The move could ultimately lead … Read the original article on Gaea Times at : Moody’s Investors Service downgrades Los Angeles financial outlook.
Google digital library faces outcry at NYC hearing
Thursday’s hearing provides Manhattan Judge Denny Chin with oral arguments to go with more than 500 written submissions since Google Inc. … Read this article on Gaea Times at : NYC judge set for chorus of discontent over Google online library before deciding its fairness.
Daimler reports Q4 net loss of $482 million
The loss compares with a euro1.53 billion loss in the fourth quarter of 2008.
Revenue for the October-December period was euro21.3 billion, …. Source : Gaea News Network.
NEW DELHI – The government Thursday said it would take a call after the budget on providing a stimulus package for various export commodities which continued to fare poorly.
NEW DELHI – An unmanned aerial vehicle (UAV) that featured in the Aamir Khan starrer “3 Idiots” has been drawing considerable eyeballs at the DefExpo 2010 land and naval systems exhibition here.
NEW DELHI – Beleaguered national carrier Air India will get equity infusion of Rs.800 crore ($160 million) in two instalments to tide over its cash flow problem and to finance fleet acquisition plans.
World markets slightly lower after big rally
Major markets in Asia and Europe posted modest losses as investors looked for a new catalyst to drive prices higher after Wednesday’s gains. Oil prices slid below $77 a barrel …. Source article on Gaea Times at : World markets slightly lower as investors look for new catalyst after big rally.
NEW DELHI – The first India-made airframe of the Sikorsky S-92 medium-lift helicopter will be handed over to the US firm in November and there is the distinct possibility of the entire chopper being manufactured in this country at some stage – the first time that a major aviation actitivity is being done in the …. Original source : Indian company makes chopper airframes for US.
Staffing company Randstad makes Q4 profit of $63M
Net profit for the world’s second-largest supplier of temporary employees was euro46 million ($62.5 million), against a …. Read the original article : Staffing company Randstad reports profit in Q4, says companies are taking on temporary workers.
ABB reports Q4 net profit of $540 million
ZURICH – Swiss-Swedish engineering group ABB Ltd. reported a net profit of $540 million for the fourth quarter Thursday, helped by cost-cutting and a weak U.S. dollar.
Societe Generale Q4 profit more than doubles
The Paris-based bank said its net profit in the three months ending Dec. 31 was euro221 million ($303 million), up …. Source article : Societe Generale 4th quarter profit up to $303M as international retail ops return to profit.
SHIMLA – India’s first Frozen Food Company Himachal Pradesh based Himalya International, which exports its products to USA has launched real fruit blended yogurts in the Metro cities under the brand name ‘Himalaya Fresh’.
Akzo Nobel reports smaller loss in Q4
AMSTERDAM – Akzo Nobel NV, the world’s largest maker of paint, reported a smaller net loss for the fourth quarter on Thursday as a big write-off hit last year’s results and demand began to recover in its key markets.
NEW DELHI – Beleaguered national carrier Air India will get equity infusion of Rs.800 crore ($160 million) to tide over its cash flow problems and finance the fleet expansion plans.
Olympic Alpine site may be for sale during games
It’s owned by a New York hedge fund that is reportedly behind on a $524 million … Original article on : Glamorous ski resort that’s home to Alpine events may be for sale _ during the Olympics.
WASHINGTON – A new study has revealed that when employees are rude to one another, it creates a negative impression that affects consumer judgments of the company.
Thursday, February 18, 2010
Comment Bellow
YOUR VIEW POINT