Oil hovers below $81 in Asia after US crude inventories increase

Oil hovers below $81 after US crude stocks rise

SINGAPORE – Oil prices hovered below $81 a barrel Thursday in Asia after an increase in U.S. crude inventories suggested consumer demand remains weak.
Benchmark crude for May delivery was down 8 cents to $80.53 a barrel at late afternoon Singapore time in electronic trading on the New … Read : Oil hovers below $81 in Asia after US crude inventories increase.

China to lend $1 bn to Belarus

Minsk, March 25 (IANS/RIA Novosti) China will lend Belarus more than $1 billion for financing cooperation projects, according to Chinese Vice President Xi Jinping.

An additional amount of $7.5 million will be given in non-repayable financial aid, Xi said Wednesday during his visit to Minsk.
“The Chinese side will provide Belarus with $1 billion in … Read more »».

Abhishek seeks 15 percent copier paper market share

GANDHINAGAR – Abhishek Industries, the flagship company of the Trident group, is targeting a 15 percent share in the Rs.1,800-crore copier paper market, a company official said Thursday.

Abhishek is the world’s largest producer of wheat straw based paper.
Rajinder Gupta, chief executive officer, said the company would increase its revenue by 116 percent over … Read the original article on Gaea Times at : Abhishek seeks 15 percent copier paper market share.

German airline Air Berlin narrows 2009 net loss to $13 million on cost savings

Air Berlin narrows 2009 loss to $13 million

FRANKFURT – German airline Air Berlin Plc says its net loss for 2009 narrowed to euro9.5 million ($13 million) as it embarked on widespread cost savings and route reductions during the year.
The Berlin-based company lost nearly euro84 million in 2008.
The company, Germany’s second largest airline after Deutsche Lufthansa … Original article on : German airline Air Berlin narrows 2009 net loss to $13 million on cost savings.

Euro lower at $1.3325 in European morning trade as EU meets to help Greekce in debt crisis

Euro keeps falling as EU wrangles over Greek aid

FRANKFURT – The euro is lower against the dollar ahead of a crucial EU meeting where a rescue package for Greece, likely with the help of the International Monetary Fund, is expected to be agreed.
The 16-nation euro buys $1.3325 in European morning trade Thursday, down from $1.3338 …. Read the original article  : Euro lower at $1.3325 in European morning trade as EU meets to help Greekce in debt crisis.

Scheduled Banks’ Statement of Position in India as on Friday, March 12, 2010

(Amount in  Rupees crore)

Scheduled Commercial Banks (SCBs)
(including RRBs)

All Scheduled Banks

13.03.2009

26.02.2010

12.03.2010

13.03.2009

26.02.2010

12.03.2010

 I

Liabilities to the Banking System (A)

*

*

*

*

a) Demand & time deposits from banks

45542.76

56186.20

58364.29

49706.77

58479.20

60692.46

**

b) Borrowings from banks

31141.35

20840.30

20764.45

31166.66

20851.85

20777.03

c) Other demand & time liabilities

27981.51

5853.57

5899.76

27988.52

5855.89

5901.65

II

Liabilities to Others              (A)

a) Deposits … Read more : Scheduled Banks’ Statement of Position in India as on Friday, March 12, 2010.

Lengthy talks fail to resolve US-Israeli dispute over housing after Netanyahu’s two-day visit

Lengthy talks fail to resolve US-Israeli tensions
WASHINGTON – A last-ditch effort to heal the deep dispute between two longtime allies failed when Israeli Prime Minister Benjamin Netanyahu and the United States’ main Mideast envoy were unable to resolve a rift over new Israeli housing in east Jerusalem.
Before departing the …. Original article on Gaea Times at  : Lengthy talks fail to resolve US-Israeli dispute over housing after Netanyahu’s two-day visit.

IMF could demand stricter path out of Greece’s economic crisis than EU

IMF could offer strict path out of Greece’s woes

WASHINGTON – If Greece believes the easiest way out of its financial crisis would be with the help of the International Monetary Fund instead of its European neighbors, it could be in for an unpleasant surprise.
Analysts say the IMF would probably demand tough conditions on Greece – …. Source article  : IMF could demand stricter path out of Greece’s economic crisis than EU.

India’s food inflation falls even as index moves up a tad

NEW DELHI – India’s annual food inflation fell marginally once again to 16.22 percent for the week ended March 13 from 16.3 percent for the week before even as prices of lentils, fruits and vegetables moved up over the past week.

According to data on wholesale price index released by the commerce and industry ministry Thursday, …. Read the original article  : India’s food inflation falls even as index moves up a tad.

Reserve Bank Cancels the Licence of The Samata Sahakari Bank Ltd., Nagpur, Maharashtra

In view of the fact that The Samata Sahakari Bank Ltd., Nagpur, Maharashtra had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of [..] Read the original article: here.

Issue of Rs.10/- denomination banknotes with ‘A’ Inset letter in both numbering panels in Mahatma Gandhi Series ??? 2005 bearing the signature of Dr. D. Subbarao, Governor

The Reserve Bank of India will shortly issue Rs.10/- denomination banknotes with ‘A’ inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued … Read more »».

Senate bill changing new health law will have to return to House for final approval

Senate will have to return health bill to House
WASHINGTON – Senate Republicans learned early Thursday that they will be able to kill language in a measure altering President Barack Obama’s newly enacted health care overhaul, meaning the bill will have to return to the House for [..] Read the original article: here.

Senate Democrats shoot down GOP efforts to undercut President Obama’s health care overhaul

Senate Democrats kills GOP health amendments
WASHINGTON – Working well past midnight, a weary Senate was mowing down a parade of Republican proposals aimed at undercutting President Barack Obama’s signature health care law as Democrats push toward final passage of the companion piece to his overhaul plan.
In a voting marathon that began the previous …. Source article  : Senate Democrats shoot down GOP efforts to undercut President Obama’s health care overhaul.

In vote marathon, Senate Dems shoot down GOP efforts to undercut Obama health care overhaul

Working late, Senate kills GOP health amendments
WASHINGTON – Working well past midnight, a weary Senate was mowing down a parade of Republican proposals aimed at undercutting President Barack Obama’s signature health care law as Democrats push toward final passage of the companion piece to his overhaul plan.
In a voting marathon that began the …. Read the original article  : In vote marathon, Senate Dems shoot down GOP efforts to undercut Obama health care overhaul.

Spanish prime minister vows to reduce budget deficit

Madrid, March 25 (IANS/EFE) Spanish Prime Minister Jose Luis Rodriguez Zapatero has reiterated his administration’s commitment to reduce the country’s budget deficit by implementing austerity measures.

Zapatero made the statement in the Spanish parliament Wednesday when the leader of the main opposition Popular Party, Mariano Rajoy, challenged the credibility of the austerity plan.
The budget deficit …. Read the original article  : Spanish prime minister vows to reduce budget deficit.

The clock ticks as delays, controversies plague India’s first Commonwealth Games

India’s Commonwealth Games plagued by delay, anger

NEW DELHI – A countdown clock outside the Commonwealth Games offices shows 192 days left until India hosts the 17-sport event. But the city still looks like a messy construction site.
The main stadium is months overdue and remains a tangle of cranes, and residents are furious over new taxes … Original source on Gaea Times at : The clock ticks as delays, controversies plague India’s first Commonwealth Games.

Zain confirms nod to Bharti’s offer for African telecom assets

NEW DELHI – Kuwait’s Zain Telecom Thursday confirmed that its board of directors has approved the offer from India’s top telecom operator Bharti Airtel to acquire its African assets, other than those in Morocco and Sudan.

“The company confirms that the board of directors of Zain met in Kuwait on Wed, March 24 to review the …. Read the original article  : Zain confirms nod to Bharti’s offer for African telecom assets.

Bolivia to invest $40 mn in new gas pipeline to Argentina

La Paz, March 25 (IANS/EFE) The Bolivian government is planning to invest $40 million in a new gas pipeline running from the southern part of the country to the Argentine border, a Bolivian cabinet minister said.

The 20-km pipeline will connect other gas pipelines in southern Bolivia to lines in northern Argentina, where the fuel will …. Source article on Gaea Times at  : Bolivia to invest $40 mn in new gas pipeline to Argentina.

UK Budget: Latest News And Updates

LONDON (GaeaTimes.com)- Alistair Darling, the Treasury Chief of UK presented the UK budget 2010 on Wednesday and as per the latest news, the spending package unveiled in the budget is modest. He tried to convince all that it will try to reduce the burden of debt. He had a tricky task of maintaining a [..] Read the original article: here.

Oil falls to near $80 in Asia, extending losses after US crude inventories increase

Oil falls to near $80 on US crude stocks rise

SINGAPORE – Oil prices fell to near $80 a barrel Thursday in Asia, extending losses from the previous day after an increase in U.S. crude inventories suggested consumer demand remains weak.
Benchmark crude for May delivery was down 25 cents to $80.36 a barrel at midday Singapore … Read the original article on Gaea Times at : Oil falls to near $80 in Asia, extending losses after US crude inventories increase.