HDFC, Emirates NBD sign online money transfer deal

Dubai, May 3 (IANS/WAM) The United Arab Emirates (UAE) based Emirates NBD has joined hands with HDFC Bank to help Indian clients remit money to India online — and fast.

Indian nationals residing overseas can avail this facility to remit funds directly into their accounts in HDFC Bank, the second largest private sector bank in India, …. Source article  : HDFC, Emirates NBD sign online money transfer deal.

Greek official says rescue plan includes ???10 billion for bank ’stabilization fund’

Greece: rescue plan includes ???10 billion for banks

ATHENS, Greece – Greece’s deputy finance minister says a massive rescue plan announced Sunday will include ???10 billion ($13.3 billion) in support for Greek banks that could be affected by the country’s expected three-year recession.
Philippos Sachinidis told state television Monday that the money would be reserved for a … Read this article on Gaea Times at : Greek official says rescue plan includes ???10 billion for bank ’stabilization fund’.

Greek official says rescue plan includes euro10 billion for bank ’stabilization fund’

Greece: rescue plan includes euro10 billion for banks

ATHENS, Greece – Greece’s deputy finance minister says a massive rescue plan announced Sunday will include euro10 billion ($13.3 billion) in support for Greek banks that could be affected by the country’s expected three-year recession.
Philippos Sachinidis told state television Monday that the money would be reserved for a …. Read the original article  : Greek official says rescue plan includes euro10 billion for bank ’stabilization fund’.

Majority of companies not filing statutory returns: Khurshid

NEW DELHI – Indian companies have been found wanting when it comes to filing their statutory statements, with 54 percent of them not furnishing their balance sheets and annual returns with the authorities, according to official statistics.

As many as 370,196 companies did not file their balance sheets with the Registrar of Companies (ROC) in 2008-09 … Read : Majority of companies not filing statutory returns: Khurshid.

German Cabinet takes up Greek bailout package

German Cabinet takes up bailout
BERLIN – German Chancellor Angela Merkel’s Cabinet is taking up legislation to provide Greece with billions of euros in aid as part of a European Union bailout plan.

Merkel says she is fast-tracking the legislation with the goal of having it passed by Germany’s parliament by Friday.
Germany, the euro zone’s largest economy, … Read the original article on Gaea Times at : German Cabinet takes up Greek bailout package.

Emerging Democratic voices: Bill to rein in banks is not tough enough

From the left, a push to get tougher on Wall St.
WASHINGTON – Liberal Senate Democrats who until now were on the sidelines are complaining that a pending financial overhaul bill backed by President Barack Obama does not go far enough to rein in Wall Street’s giants.
Some want the legislation changed to break up … Original article on : Emerging Democratic voices: Bill to rein in banks is not tough enough.

Feds investigate major meatpackers as Obama administration looks for tougher antitrust action

Feds doing 1st investigation of major meatpackers

LINCOLN, Neb. – The federal government is conducting its first investigation into whether the handful of large meatpackers that slaughter most of the nation’s cattle are illegally or unfairly driving down cattle prices, according to an official representing independent beef producers nationwide.
The investigation is under way as the Justice … Read more : Feds investigate major meatpackers as Obama administration looks for tougher antitrust action.

Michael McAteer: Quinn Up For Sale

DERRYLIN, NORTHERN IRELAND (GaeaTimes.com)- It has been announced by Michael McAteer, one of the liquidators for Quinn Insurance, one of the biggest insurance companies in Ireland, and in fact the entire United Kingdom, that about 900 workers would be losing their jobs in the next one to one and a half years. The company, …. Original source  : Michael McAteer: Quinn Up For Sale.

China’s new housing rules may lead to divorce surge

BEIJING – Buyers of new house in China may resort to divorce or postponing marriage in order to save money as per the new housing rules, a report in the Economic Information Daily found.

The central government has announced a new housing regulations April 15, under which the down payment requirement for a family purchasing a …. Source  : China’s new housing rules may lead to divorce surge.

Mexicans hold their noses and shop in Arizona despite anger over immigration law

Arizona law sparks anger, resignation in Mexico

NOGALES, Mexico – The line of Mexicans waiting to go shopping in Arizona snakes twice around the sun-drenched plaza, even as politicians nearby slap stickers on cars calling for a boycott of the U.S. state.
And the illegal migrants targeted by a tough new Arizona law dismiss it as just [..] Read the original article: here.

Assistant to be sentenced Monday in slaying of NYC punk-rock pioneer

Sentencing Monday in death of NYC punk-rock figure

NEW YORK – A personal assistant was poised to learn her punishment after being convicted of murdering her boss, a punk-rock manager turned high-powered real estate broker, in a vicious beating at the victim’s New York City Fifth Avenue penthouse.
Twenty-eight-year-old Natavia (nuh-TAY’-vee-uh) Lowery could be sentenced to the … Read more : Assistant to be sentenced Monday in slaying of NYC punk-rock pioneer.

Sensex down 0.71 percent in morning trade

MUMBAI – A benchmark index for Indian equities Monday was ruling 0.71 percent lower than its previous close, a couple of hours into trade after having started off on a weak note.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,536.86 points, was ruling at 17,434.54 points, 124.17 points …. Read the original article  : Sensex down 0.71 percent in morning trade.

More than 45 percent Colombians live in poverty

Bogota, May 3 (IANS/EFE) More than 20 million Colombians – 45.5 percent of the population of the Latin American nation – are living below the poverty line, an official report has said.

Poverty in Colombia last year affected 19.9 million people. Of them, more than 7.1 million were destitute, the study released by the country’s statistics …. Original article  : More than 45 percent Colombians live in poverty.

Ahmadinejad, Clinton take Iran, US nuclear cases to UN stage as treaty conference opens

Iran, US take their nuclear cases to UN stage
UNITED NATIONS – Iranian President Mahmoud Ahmadinejad brings his nuclear case to New York on Monday, turning a U.N. treaty conference into a stage for Tehran’s long-running showdown with the Western powers over its uranium enrichment program.
The only head of state participating, Ahmadinejad …. Original source  : Ahmadinejad, Clinton take Iran, US nuclear cases to UN stage as treaty conference opens.

Joint bank accounts losing their shine

LONDON – Joint bank accounts, which newly weds used to open almost immediately after getting married, are losing their appeal as “most people like to have their ‘own’ money to spend without having to ??justify it to another person”, a new study in Britain has revealed.

The survey by Tesco Bank found that modern couples do … Read : Joint bank accounts losing their shine.

Reports: North Korean leader believed to be making rare trip to China in his private train

Reports: NKorean leader travels to China
SEOUL, South Korea – North Korean leader Kim Jong Il was believed to be making a rare trip to China on Monday amid tensions over the recent sinking of a South Korean warship and stalled nuclear disarmament negotiations, South Korean news reports said.
Kim’s personal train arrived early … Read the original article on Gaea Times at : Reports: North Korean leader believed to be making rare trip to China in his private train.

Asian stocks drop after China raises bank reserve ratio to curb inflation, housing values

Asian stocks drop as China raises bank reserves

SINGAPORE – Asian stocks fell Monday after China ordered banks to raise their reserves, the latest in a series of moves aimed at curbing inflation and surging property prices.
Hong Kong’s Hang Seng index led decliners, falling 256.24 points, or 1.2 percent, to 20,855.21 while South Korea’s benchmark dropped …. Read the original article  : Asian stocks drop after China raises bank reserve ratio to curb inflation, housing values.

India can be agricultural superpower: farm cooperative chief

NEW DELHI – India can become an agricultural superpower and the proposed food security bill is coming at the right time as it has the potential to prevent a backlash from people, says the chief of one of India’s largest farming cooperatives.

“Unless the government can provide food security to its people, there will be a …. Original article on Gaea Times at  : India can be agricultural superpower: farm cooperative chief.

Shares of big miners tumble as Australia proposes 40 percent tax on booming mining profits

Mining shares tumble on Australian tax plan

CANBERRA, Australia – Shares of mining giants BHP Billiton and Rio Tinto tumbled Monday after the Australian government proposed a new 40 percent tax on the booming profits of resource companies.
The big miners’ losses dragged the Australian market down half a percent by close of trading after Prime Minister … Read more : Shares of big miners tumble as Australia proposes 40 percent tax on booming mining profits.

China’s central bank raises reserve requirements for banks in a move to dampen inflation

China’s central bank hikes banks’ reserve minimum

BEIJING – China has ordered banks to raise the amount of money they hold in reserves for a third time this year in a new effort to dampen inflation pressures in the world’s third-largest economy.
The measure, announced Monday, comes as the government tries to cool a credit boom without …. Read the original article  : China’s central bank raises reserve requirements for banks in a move to dampen inflation.