Orissa takes steps to normalise movement of minerals

BHUBANESWAR – The Orissa government has initiated steps to normalise the movement of minerals from mines in the state’s Keonjhar district, officials said Monday.

“There was a meeting between railway and state government officials recently and certain measures are mutually agreed upon,” Guru Ray, special secretary in the state government, told IANS.
“I am hopeful things …. Source  : Gaea News Network.

Hasina plans to buy electricity from India

DHAKA – Purchasing 500 MW power from India and setting up ten new power plants to generate another 1,000 MW tops Prime Minister Sheikh Hasina’s agenda, a media report said Monday.

The government is reportedly poised to sign up to 10 contracts by May 31 to deliver up to 1,000 MW power. It will … Original source on Gaea Times at : Hasina plans to buy electricity from India.

Billions in loans likely for Greece, will help Athens make large bond repayment due in May

Emergency loans likely for Greece, official says

WASHINGTON – A top Greek economic official sought to shore up confidence among investors that Greece would avert a crippling debt default by securing billions of dollars in emergency loans from European countries and the International Monetary Fund.
Greek Finance Minister George Papaconstantinou also warned market speculators “they will lose …. Source article on Gaea Times at  : Billions in loans likely for Greece, will help Athens make large bond repayment due in May.

Eid Parry Acquires GMR Industries

CHENNAI, INDIA (GaeaTimes.com)- EID Parry, the famous South India based sugar manufacturer reportedly made an offer to acquire 65 percent stake in the company GMR Industries on Monday. After the offer, GMR industries will become a minority stock holder in the entity. EID parry is a part of Murugappa Group based in Chennai and …. Original source  : Eid Parry Acquires GMR Industries.

Showdown vote on regulations looms; Democrats ready to test GOP resolve to block bill

Democrats willing to test GOP in Wall St. showdown

WASHINGTON – With a showdown vote looming, Democrats are resisting Republican appeals for a broad compromise on financial overhaul legislation and are eager to test whether GOP unity will crack in an anti-Wall Street political climate.
The top negotiators on the regulatory bill – Democratic Sen. Christopher Dodd … Read more : Showdown vote on regulations looms; Democrats ready to test GOP resolve to block bill.

Euro down slightly at $1.3371 after Greek call for activation of aid package

Euro down after Greek call for aid package

BERLIN – The euro is trading slightly lower against the dollar following Greece’s call for activation of a financial rescue package worth more than $50 billion.
In early European trading Monday, the euro was quoted at $1.3371 compared with $1.3390 in New York late Friday.
Before Greece on Friday requested …. Original source  : Euro down slightly at $1.3371 after Greek call for activation of aid package.

Nuclear plant made tourist site in China

BEIJING – An abandoned nuclear plant in China, built inside an artificial cave that can withstand earthquakes, has been opened as a tourist attraction, a media report said Monday.

Construction of the 816 Nuclear Military Plant, once a secret site in the mountainous town of Baitao in Chongqing province, began in 1966, but China’s military commission …. Source article  : Nuclear plant made tourist site in China.

TomTom posts $4 million profit in Q1, reversing year-ago loss

TomTom ekes out tiny profit in Q1
AMSTERDAM – TomTom NV reported a small profit for the first quarter as more drivers bought its personal navigation devices, but selling prices continued to fall.

Net profit was ???3 million ($4 million) or ???0.01 per share in what is usually its weakest quarter, from a loss of ???37 million … Original article on : TomTom posts $4 million profit in Q1, reversing year-ago loss.

Certificate of Registration of Shogun Finlease Private Limited ??? Cancelled

The Reserve Bank of India has on March 8, 2010 cancelled the certificate of registration granted to Shogun Finlease Private Limited having its registered office at 504, Samartha Vaibhav, Lokhandwala Complex, Off Link Road, Andheri (West), Mumbai 400053 for carrying on the business of a non-banking financial institution as …. Source  : Gaea News Network.

I am bored, says Australian millionaire

MELBOURNE – An Australian, who became a millionaire at the age of 25 by setting up an internet firm, says he has “never been so bored” in his life.

Leon Hill, a Brisbane resident who founded uSocial.net, angered social networking sites when he developed a service that sells Twitter followers and Facebook fans.
Courier Mail [..] Read the original article: here.

Over 200 exhibitors participate in Airport Show 2010

Dubai, April 26 (IANS/WAM) Over 200 exhibitors from 34 countries are participating in the Airport Show 2010 that opened here Sunday, an official said.

The three-day exhibition showcases latest technologies and advances in the airport industry from around the world, and hosts industry professionals who will share their expertise and insights on enhancing the operational efficiencies …. Source  : Over 200 exhibitors participate in Airport Show 2010.

Former longtime Warriors owner Franklin Mieuli dies at 89; teams included 1975 NBA champs

Former Warriors owner Franklin Mieuli dies at 89

OAKLAND, Calif. – Franklin Mieuli, whose deerstalker cap, substantial beard and casual style made him one of the NBA’s most colorful figures in his 24 years as owner of the Golden State Warriors, died Sunday. He was 89.
Mieuli died of natural causes in a San Francisco Bay Area …. Source  : Gaea News Network.

Etihad launches cargo service to Iraq

Abu Dhabi, April 26 (IANS/WAM) Etihad Crystal Cargo, a division of United Arab Emirates (UAE) based Etihad Airways, has launched a weekly cargo service from its hub at Abu Dhabi International Airport to Erbil in the Kurdistan region of Iraq.

The service would operate an A300-600F freighter to Erbil with a payload of 42 tonnes. …. Original article  : Etihad launches cargo service to Iraq.

Blaming China: Indonesian garment makers say free trade pact leaves them on brink of collapse

As they fold, Indonesia garment makers blame China

JAKARTA, Indonesia – Mufardi Rusli’s neighbors hunch over tables covered in brightly colored fabric, the whirring of their sewing machines echoing across his Jakarta neighborhood. For Rusli, the sound is a bitter reminder of the $2 line of jackets that bankrupted him, costing him a garment business it … Read more : Blaming China: Indonesian garment makers say free trade pact leaves them on brink of collapse.

Asian stock markets push higher after Greece asks for bailout; Japan up 2 pct

Asian stocks rise after Greece asks for bailout

HONG KONG – Asian stock markets pushed higher Monday after Greece requested a bailout to resolve the country’s worsening debt crisis.
Major markets were up by as much as 2 percent. The dollar weakened against the euro and rose against the yen, while oil prices traded above $85 a … Original article on : Asian stock markets push higher after Greece asks for bailout; Japan up 2 pct.

Oil gains above $85 in Asia on growing investor optimism about US economy

Oil above $85 on signs US economy improving

SINGAPORE – Oil prices climbed above $85 a barrel Monday in Asia as growing investor optimism about the U.S. economy boosted equity and commodity prices.
Benchmark crude for May delivery was up 44 cents to $85.56 a barrel at late afternoon Singapore time in electronic trading on the New …. Source article on Gaea Times at  : Oil gains above $85 in Asia on growing investor optimism about US economy.

3-D glimpse of Shanghai World Expo a mouse click away

BEIJING – Now visiting the Shanghai World Expo will be possible through internet as the organiser has decided to launch its new website to display the event with three-dimensional (3-D) vision.

The organising committee is trying to provide a 3-D Shanghai World Expo garden in the virtual world so as to make the 159-year-old traditional exhibition … Read : 3-D glimpse of Shanghai World Expo a mouse click away.

Developing nations get more voice in World Bank

WASHINGTON – World Bank Group members including India have endorsed boosting its capital by more than $86 billion and giving developing countries a little more voice in running the affairs of the 186-member institution.

The changes announced Sunday bring about a 3.13 percentage-point shift in favour of the developing countries giving them just over 47.19 percent …. Source article  : Developing nations get more voice in World Bank.

Forecasters more optimistic about economy as job creation grows, but still see slow recovery

Forecasters optimistic about economy, job creation

NEW YORK – Economists are more optimistic about prospects for growth this year as industries increasingly report better profits and add new jobs, though they still expect the recovery to remain slow, a new survey shows.
Seventy percent of those recently surveyed by The National Association for Business Economics believe real … Read more »».

Sensex up 100 points in opening trade

MUMBAI – A benchmark index for Indian equities Monday opened firmly in the positive and was ruling 100 points higher than its previous close, minutes into trade.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,692.26 points, was ruling at 17,794.52 points, 100.32 points or 0.57 percent higher than its …. Original article  : Sensex up 100 points in opening trade.