Diplomats: Iran sets up new equipment to improve efficiency of enrichment facility

Diplomats: Iran expands enrichment facility

VIENNA – Diplomats say that Iran has set up new equipment aimed at improving its ability to enrich uranium to higher levels.
They say that the equipment – an extra set of uranium enriching centrifuges – is not yet on line. But the diplomats add that if the centrifuges become operational they …. Source  : Diplomats: Iran sets up new equipment to improve efficiency of enrichment facility.

IIP Data Saves Buyers

MUMBAI, INDIA (GaeaTimes.com)- The Wednesday market is turning out to be fruitful for the Indian companies with the trading reports banking high on IIP Data. The leaders in the market are IT stocks and healthcare. Quite unexpectedly, all stocks for Telecom have witnessed a heavy downfall and all are reported to be treading really low …. Source  : Gaea News Network.

Oil prices may rise to $100 a barrel: Mukesh Ambani

MUMBAI – Crude oil prices may soon rise to $100 a barrel due to increasing costs of exploration and production, and businesses should be prepared for higher energy prices than what they were used to in the last 20 years, Reliance Industries chairman Mukesh Ambani said Friday.

In Asia, crude oil prices have fallen below $74 … Read more >>>.

world stocks fall as US jobless figures, Europe austerity measures prick growth hopes

World stocks down as US, Europe prick growth hopes

SINGAPORE – World stock markets mostly fell Friday as Europe’s fiscal austerity measures and stubbornly high unemployment in the U.S. undermined faith in the global economic recovery.
Investors initially cheered Monday’s announcement of a $1 trillion debt bailout package from the European Union and International Monetary Fund as … Original article on : world stocks fall as US jobless figures, Europe austerity measures prick growth hopes.

Wineries worry bill distributors pushing in Congress will limit direct shipments to consumers

Bill in Congress could limit direct wine shipments

LOWDEN, Wash. – Try to be a wine connoisseur in Dickinson, N.D.
Gordon and Sandee Schnell had a hard time until the state changed its rules in 2001 and allowed wineries to buy permits to ship directly to residents – one case of wine per person, per month.
But now … Original article on : Wineries worry bill distributors pushing in Congress will limit direct shipments to consumers.

Lockheed Martin F-35 programme awarded for ‘cutting-edge design’

NEW DELHI – The Lockheed Martin F-35 Lightning II combat jet programme has been recognised for its “cutting-edge design and technology” with an award from the American Institute of Aeronautics and Astronautics (AIAA).

The AIAA Foundation board of trustees presented the award Thursday during the 2010 AIAA Aerospace Spotlight Awards Gala in Washington. AIAA is the …. Original source  : Lockheed Martin F-35 programme awarded for ‘cutting-edge design’.

Restriction of foreign IT professionals can hurt US businesses: Study

WASHINGTON – A study has shown that if skilled foreign IT professionals were restricted from working in the United States, it would actually affect American workers, as it would lead firms into hiring IT pros to work outside the US.

According to the Management … Read more : Restriction of foreign IT professionals can hurt US businesses: Study.

ECB’s Trichet dismisses suggestion that government bond purchases will stoke inflation

ECB’s Trichet dismisses inflation fears
BERLIN – The president of the European Central Bank has dismissed suggestions that its decision to buy government bonds might stoke inflation and urged nations to implement programs that will put them in a “sound fiscal situation.”

Jean-Claude Trichet said in an interview with the German daily Handelsblatt, published Friday, that risks … Original article on : ECB’s Trichet dismisses suggestion that government bond purchases will stoke inflation.

Annual inflation dips to 9.59 percent in April

NEW DELHI – India’s annual rate of inflation, based on the wholesale price index, eased to 9.59 percent in April from 9.9 percent a month ago, official data showed Friday.

The annual inflation rate was 1.31 percent in April 2009.
Data released by the commerce ministry showed prices of food articles jumped 16.87 percent last … Original source on Gaea Times at : Annual inflation dips to 9.59 percent in April.

Annual inflation dips to 9.59 percent in April

NEW DELHI – India’s annual rate of inflation, based on the wholesale price index, eased to 9.59 percent in April from 9.9 percent a month ago, official data showed Friday.

The annual inflation rate was 1.31 percent in April 2009.
Data released by the commerce ministry showed prices of food articles jumped 16.87 percent last …. Source article  : Annual inflation dips to 9.59 percent in April.

SKorean says economy can withstand NKorea tensions in G-20 year

SKorea: Economy can withstand NKorea tensions

GWACHEON, South Korea – South Korea’s economy is strong enough to withstand ongoing tensions with rival North Korea and a recent ratings upgrade proves the point, a top Seoul finance mandarin says, as his country prepares to host high-profile meetings on the global financial system.
The country has made a robust … Read this article on Gaea Times at : SKorean says economy can withstand NKorea tensions in G-20 year.

EADS 1Q net profit falls 39 percent as Airbus struggles with ‘challenges’ of A380

EADS 1Q net profit down 39 percent
PARIS – Airbus parent company EADS NV on Friday reported that first quarter net profit fell 39 percent as its planemaker unit struggled with the “challenges” of its A380 superjumbo program.

Paris-based European Aeronautic Defence & Space Co. said that net profit in the January to March period fell to … Read more : EADS 1Q net profit falls 39 percent as Airbus struggles with ‘challenges’ of A380.

Return of Gekko: Greed is still good as Cannes festival premieres new ‘Wall Street’

Greed still good as Cannes shows new ‘Wall Street’

CANNES, France – Gordon Gekko is out of prison and out of money. He’s not quite through with Wall Street, though.
Reuniting with director Oliver Stone, Michael Douglas reprises his Academy Award-winning role as financial viper Gekko in “Wall Street: Money Never Sleeps,” whose premiere Friday at the … Read more >>>.

Return of Gekko: Greed is still good as Cannes festival premieres new ‘Wall Street’

Greed still good as Cannes shows new ‘Wall Street’

CANNES, France – Gordon Gekko is out of prison and out of money. He’s not quite through with Wall Street, though.
Reuniting with director Oliver Stone, Michael Douglas reprises his Academy Award-winning role as financial viper Gekko in “Wall Street: Money Never Sleeps,” whose premiere Friday at the … Original article on : Return of Gekko: Greed is still good as Cannes festival premieres new ‘Wall Street’.

Toyota to halt output at 1 of its Thai plants as part of previously flagged restructuring

Toyota to halt output at 1 of its Thai plants

TOKYO – Toyota said Friday it will halt production at one of its four auto plants in Thailand and transfer the workers to the other factories in a move the carmaker says is unrelated to political unrest in the Southeast Asian country.
Toyota Motor Corp. spokesman Takanori … Read : Toyota to halt output at 1 of its Thai plants as part of previously flagged restructuring.

Asian stocks fall as US jobless figures, Europe austerity measures prick growth hopes

Asian stocks down as US, Europe prick growth hopes

SINGAPORE – Asian stock markets mostly fell Friday as Europe’s fiscal austerity measures and stubbornly high unemployment in the U.S. undermined faith in the global economic recovery.
Investors initially cheered Monday’s announcement of a $1 trillion debt bailout package from the European Union and International Monetary Fund as …. Read the original article  : here.

EADS first quarter net profit falls 39 percent as Airbus struggles with ‘challenges’ of A380

EADS Q1 net down 39 percent
PARIS – Airbus parent company EADS NV on Friday reported that first quarter net profit fell 39 percent as its planemaker unit struggled with the “challenges” of producing its A380 superjumbo.

Paris-based European Aeronautic Defence & Space Co. said that net profit in the January to March period fell to euro103 …. Original article  : EADS first quarter net profit falls 39 percent as Airbus struggles with ‘challenges’ of A380.

Mendocino County expects about 6,000 acres of vineyards to be quarantined after moth found

Mendocino County expects quarantine over moth

UKIAH, Calif. – A Mendocino County agriculture official says nearly 6,000 acres of vineyards are likely to be placed under quarantine after the European grapevine moth was discovered near Ukiah.
Officials say 30 moths were found near a vineyard north of Ukiah, while a single moth was found south of Ukiah.
The …. Source  : Mendocino County expects about 6,000 acres of vineyards to be quarantined after moth found.

Mendocino County expects about 6,000 acres of vineyards to be quarantined after moth found

Mendocino County expects quarantine over moth

UKIAH, Calif. – A Mendocino County agriculture official says nearly 6,000 acres of vineyards are likely to be placed under quarantine after the European grapevine moth was discovered near Ukiah.
Officials say 30 moths were found near a vineyard north of Ukiah, while a single moth was found south of Ukiah.
The …. Source  : Gaea News Network.

Australia creating 1,100 jobs every day

MELBOURNE – Registering a record growth in its employment rate, Australia is creating 1,100 full-time jobs each day in various sectors, according to latest data.

The country piled on an extra 37,500 full-time jobs in April, following on from 37,400 in March which was revised up from an earlier estimate of 30,100, said the employment figures … Original source on Gaea Times at : Australia creating 1,100 jobs every day.