Business News – Newsletter for March 14, 2010
Sunday, March 14, 2010
Google almost cent percent sure to exit from China
LONDON – Seemingly torn between Chinese censorship and Chinese opportunity, international search engine Google is now “99.9 percent” certain that it will shut down its Chinese search engine, Google.cn.
According to the Financial Times, the search engine giant, having reached an apparent … Read more : Google almost cent percent sure to exit from China.
Israeli leader urges calm after new rebuke from US over east Jerusalem construction plans
Israeli leader urges calm over row with Washington
JERUSALEM – Israel’s prime minister is urging calm following another stern rebuke from Washington over plans to build 1,600 apartments in contested east Jerusalem.
Benjamin Netanyahu told his Cabinet on Sunday “not to get carried away and to calm down” over the crisis with the U.S.
News of the construction …. Original article on Gaea Times at : Israeli leader urges calm after new rebuke from US over east Jerusalem construction plans.
ADB loan for hydropower in Himachal Pradesh
SHIMLA – Himachal Pradesh will soon get another tranche of a multimillion-dollar loan from the Asian Development Bank (ADB) for the construction of four hydropower generating plants in the northern Indian state, a senior official said here Sunday.
ADB would soon release the second instalment of $59.1 million under the Himachal Pradesh Clean Energy Development Investment …. Source article : ADB loan for hydropower in Himachal Pradesh.
China’s premier promises to boost imports, calls on other nations to oppose protectionism
China promises steps to boost imports
BEIJING – China’s premier promised Sunday to increase imports to promote trade and appealed to other nations to oppose what he said was rising global protectionism.
“We will continue to take measures to increase our imports,” Premier Wen Jiabao said at a news conference. He gave no details of what Beijing … Read the original article on Gaea Times at : China’s premier promises to boost imports, calls on other nations to oppose protectionism.
May take 9 years to settle boundary row with India: Dhaka
DHAKA – Bangladesh’s foreign affairs ministry has projected a nine-year period to settle maritime boundary dispute with India and Myanmar and has sought funds till 2017-18, a media report said Sunday.
Seeking funds from the finance ministry, the foreign office projected nine years for the settlement of the disputed issues in the International Tribunal for the …. Original source : May take 9 years to settle boundary row with India: Dhaka.
Oil exploration, trade on Hasina’s Beijing agenda
DHAKA – Getting China to join the race for hydrocarbons in the Bay of Bengal and bridging the bilateral trade gap are high on Bangladesh Prime Minister Sheikh Hasina’s agenda as she leaves for Beijing Wednesday.
Eighty-seven delegates, including businessmen, will be part of her entourage during the five-day visit.
Highly placed …. Original article : Oil exploration, trade on Hasina’s Beijing agenda.
Dhaka wants interim accord with Delhi on Teesta waters
DHAKA – Bangladesh is seeking an interim arrangement with India on sharing of Teesta river waters until the two neighbours can strike a long-term agreement.
The next round of talks by the Joint Rivers Commission (JRC) will be headed by ministers and is due to be held Wednesday in New Delhi.
Bangladesh Water Resources Minister Ramesh … Read this article on Gaea Times at : Dhaka wants interim accord with Delhi on Teesta waters.
China must be cautious in exiting economic stimulus: Wen
BEIJING – China’s exit strategy on the economic stimulus should be “very cautious and flexible” in order to shore up the hard-earned economic recovery, Premier Wen Jiabao said Sunday.
“We must maintain the continuity and stability of macro economic policy, which means we will continue implementing proactive fiscal policy and moderately loose monetary policy to consolidate …. Source article on Gaea Times at : China must be cautious in exiting economic stimulus: Wen.
Chavez says Internet should be regulated, urges legal crackdown on Venezuelan Web site
Venezuela’s Chavez: Internet should be regulated
CARACAS, Venezuela – Venezuelan President Hugo Chavez called for regulation of the Internet on Saturday while demanding authorities crack down on a critical news Web site that he accused of spreading false information.
In a televised speech, Chavez said: “The Internet can’t be something free where anything can be done and …. Source article on Gaea Times at : Chavez says Internet should be regulated, urges legal crackdown on Venezuelan Web site.
China’s premier rejects pressure on currency, says yuan will be kept ‘basically stable’
Premier: China’s yuan to remain ‘basically stable’
BEIJING – China’s premier rejected foreign pressure over its exchange rate controls and said Sunday the Chinese currency will be kept “basically stable.”
Premier Wen Jiabao promised to reform currency controls, but gave no indication when that might happen. Washington and other trading partners are pressing Beijing to ease controls … Read this article on Gaea Times at : China’s premier rejects pressure on currency, says yuan will be kept ‘basically stable’.
Zooming Indian auto industry needs more road space to grow (Comment)
The Indian automobile industry has come under global focus, ranking second only to China as the fastest growing market in the world. The spate of new launches by the auto majors and rising sales graphs over the past few months indicate that the fiscal stimulus seems to have worked wonders for this industry.
Demand started growing … Read this article on Gaea Times at : Zooming Indian auto industry needs more road space to grow (Comment).
Nearly 28 mn new jobs in manufacturing likely by 2015
NEW DELHI – With industrial output picking up, the manufacturing sector will be a major contributor to new employment and is likely to generate 27.95 million jobs by 2015, but the share of agriculture is expected to decline, according to a study.
In its study ‘Emerging Future Jobs’, the Associated Chambers of Commerce and Industry of … Original source on Gaea Times at : Nearly 28 mn new jobs in manufacturing likely by 2015.
Pelosi: Says she’s confident the House will pass health care legislation
Pelosi: Confident House will pass health care bill
SAN FRANCISCO – House Speaker Nancy Pelosi said Saturday she’s confident the House will pass health care legislation and dismissed Republican criticism that she did not have enough votes for the measure.
“We’re very excited about where we are and will not be deterred by estimates that have no …. Read the original article : Pelosi: Says she’s confident the House will pass health care legislation.
Fiorina introduces herself to GOP faithful with heavy criticism of Boxer, government spending
Fiorina assails Washington, Boxer as out of touch
SANTA CLARA, Calif. – Senate candidate Carly Fiorina on Saturday attempted to win over California Republicans by attacking two of their strongest dislikes – incumbent Democrat Barbara Boxer and a federal government she says is broken.
Fiorina is the former Hewlett-Packard CEO making her first run at public office. …. Read the original article : Fiorina introduces herself to GOP faithful with heavy criticism of Boxer, government spending.
Israel orders probe into fiasco that erupted during Biden visit
Israel to investigate Biden fiasco
JERUSALEM – Israel’s premier has ordered an investigation into how government officials announced plans for a new Jewish housing project in east Jerusalem during a visit by Vice President Joe Biden.
Prime Minister Benjamin Netanyahu’s office said he ordered the probe late Saturday after he met with top Cabinet ministers.
While Biden was … Read : Israel orders probe into fiasco that erupted during Biden visit.
Former astronauts call US decision to cancel moon landing program disappointing
Former astronauts criticize US moon decision
LONDON – Two former astronauts have said they are disappointed with the U.S. government’s decision to cancel NASA’s moon landing program.
Jim Lovell, who led the Apollo 13 mission in 1970, told the BBC the cancellation could be disastrous.
“Personally, I think it will have catastrophic consequences in our ability to explore …. Original source : Former astronauts call US decision to cancel moon landing program disappointing.
Lewis leads Houston into NCAAs for 1st time in 18 years as Cougars upend No. 25 UTEP 81-73
Houston ends No. 25 UTEP’s run to reach NCAAs
TULSA, Okla. – Kelvin Lewis scored 28 points and Houston surged past No. 25 UTEP down the stretch to claim its first NCAA tournament berth in 18 years with an 81-73 victory in the Conference USA tournament title game that snapped the Miners’ 16-game winning streak.
National scoring …. Source article : Lewis leads Houston into NCAAs for 1st time in 18 years as Cougars upend No. 25 UTEP 81-73.
Future managers asked to address planet earth’s problems
LUCKNOW – Graduating students of the Indian Institute of Management-Lucknow (IIM-L) were Sunday asked to use the skills and traits they had learnt not only in the corporate world, but also to “manage the problems of the planet earth”.
“Don’t forget to practice sustainable measures for the environment and the earth. No matter where you work, …. Read the original article : Future managers asked to address planet earth’s problems.
Young Chinese workers less willing to settle for sweatshops than their parents were
China’s new generation picky about factory jobs
GUANGZHOU, China – Factory worker Chen Qinghai frowned as he looked at a tall bulletin board full of help-wanted notices from companies making everything from photocopiers and DVD drives to mobile phones and car parts.
The 19-year-old saw nothing that interested him.
“I wouldn’t want to do any of these jobs,” … Read this article on Gaea Times at : Young Chinese workers less willing to settle for sweatshops than their parents were.
Indian IT companies eye Latin American, African markets for business expansion
JAIPUR – While the companies across the world are taking their time to overcome the impact of recession, Indian Information technology companies are exploring new and non-commercial markets in Latin America, Africa and Middle Eastern countries to expand their business.