World shares lower amid China manufacturing slowdown, Europe debt jitters

World markets fall amid China, Europe jitters
BANGKOK – World stocks fell Tuesday amid news China’s manufacturing slowed in May and as investors fretted Europe’s shaky government finances could undermine the global economic recovery.
Wall Street appeared to be in store for further losses as investors returned to a theme that has troubled markets for … Read this article on Gaea Times at : World shares lower amid China manufacturing slowdown, Europe debt jitters.

Mail order service that offers human, animal body parts

LONDON – What do you want – a sliver of human head, a piece of smokers’ lungs or a slice of human hand? All that and much more are now available through a mail order service set up in Germany.

The service has been started by controversial German anatomist Gunther von Hagens, who is the inventor …. Source article  : Mail order service that offers human, animal body parts.

Oil falls to near $72 in Asia as stock markets, euro drop

Oil falls to near $72 as stocks, euro fall

SINGAPORE – Oil prices tumbled to near $72 a barrel Tuesday in Asia as weakness in global stocks and the euro dragged on appetite for crude.
Benchmark crude for July delivery was down $1.51 at $72.46 a barrel at late afternoon Singapore time in electronic trading on the …. Source article  : Oil falls to near $72 in Asia as stock markets, euro drop.

Zuma visit: India, South Africa to re-launch CEOs forum

NEW DELHI – India and South Africa will give a fresh impetus to their growing business ties, re-launching the CEOs forum Thursday in the presence of South African president Jacob Zuma.

The CEOs forum will be re-launched with the signing of the terms of reference by the two chairs of the forum, the commerce ministry … Original article on : Zuma visit: India, South Africa to re-launch CEOs forum.

Ryanair back in profit for full year; 14 pct traffic growth yields 2 pct hike in revenue

Ryanair back in profit for full year
DUBLIN – Budget airline Ryanair said Tuesday that it earned a full-year profit of euro305.3 million ($375.7 million), reversing a loss a year earlier when it took a massive write-off from its failed attempt to take over rival carrier Aer Lingus.

Europe’s biggest budget airline said Tuesday that passenger numbers …. Source article on Gaea Times at  : Ryanair back in profit for full year; 14 pct traffic growth yields 2 pct hike in revenue.

EU says it sees antitrust worries with Unilever’s bid for Sara Lee personal care unit

EU probes Unilever takeover of Sara Lee unit

BRUSSELS – European Union regulators said Tuesday they will closely investigate Unilever’s euro1.28 billion bid for Sara Lee Corp’s personal care business because they think the deal could give the new company too much power in some markets.
This delays the deadline for EU regulatory approval of the deal …. Source article  : EU says it sees antitrust worries with Unilever’s bid for Sara Lee personal care unit.

Sensex plummets 169 points

MUMBAI – A benchmark index for Indian equities Tuesday extended its losses in afternoon trade and was ruling 169 points lower than its previous close.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,942.82 points, was ruling at 16,774.65 points, 169.98 points or 1 percent down from its previous close …. Original article on Gaea Times at  : Sensex plummets 169 points.

India’s exports up 36.2 percent in April

NEW DELHI – India’s exports rose 36.2 percent to $16.9 billion in April for the sixth straight month after 13 consecutive months of decline, official data released here Tuesday showed.

The exports were $12.4 billion in April a year ago.
The exports were higher due to increased demand for gems and jewellery, textiles, petroleum … Original source on Gaea Times at : India’s exports up 36.2 percent in April.

Toss it or fix it? Americans may just give health care overhaul law a chance to work

On health care law, Americans may give it a chance
WASHINGTON – Toss it or fix it? Anxious backers of President Barack Obama’s health care overhaul law are starting to see a flicker of hope.
While polls show Americans remain sharply divided over the Democrats’ landmark legislation, they aren’t clamoring for its repeal.
Instead, the … Original article on : Toss it or fix it? Americans may just give health care overhaul law a chance to work.

AIG says won’t accept lower Prudential offer for Asian insurance business AIA

AIG won’t accept lower Prudential offer for AIA

LONDON – U.S. insurer AIG said Tuesday it won’t accept lower offer for its Asian insurance business from Prudential, which proposed a $5 billion cut to calm its rebellious shareholders.
London Stock Exchange-listed Prudential PLC initially agreed to pay $35.5 billion for AIA, the Asian insurance business of American … Read more »»».

Maruti sales top 100,000 a month for first time

NEW DELHI – Passenger car major Maruti Suzuki Tuesday reported a 27.9 percent jump in sales for May at 102,175 units compared to 79,872 vehicles it sold in the year-ago period.

This is the first time the car maker has ever sold over 100,000 units in a month, its previous highest monthly sale figure being …. Original source  : Maruti sales top 100,000 a month for first time.

Asian shares lower amid China manufacturing slowdown, Europe debt jitters

Asian markets fall amid China, Europe jitters
BANGKOK – Asian stocks fell Tuesday amid news China’s manufacturing slowed in May and as investors fretted Europe’s shaky government finances could undermine the global economic recovery.
With no fresh cues from Wall Street, which was closed for a holiday Monday, investors in the region returned to a …. Read the original article  : Asian shares lower amid China manufacturing slowdown, Europe debt jitters.

Deadline extended in contract negotiations between Alcoa, United Steelworkers

Deadline extended in Alcoa contract negotiations

NEW YORK – Aluminum giant Alcoa Inc. and its largest union have extended their deadline to negotiate a new contract covering thousands of employees.
The Pittsburgh-based company and the United Steelworkers Union are negotiating over compensation for new workers, health care benefits and work flexibility.
Negotiations began in mid-April. The current contract …. Read the original article  : here.

Record-breaking growth by Canadian economy

TORONTO – Posting the highest growth rate in more than a decade in annualised terms, Canada’s economy grew 6.1 percent in the first quarter of the current fiscal year.

With the highest growth among G8 countries, the Canadian economy has now almost reached levels seen before the global meltdown hit it in 2008.
In … Read more »»».

Oil hovers below $73 in Asia as traders mull impact on Europe crisis on global crude demand

Oil hovers below $73 as traders eye Europe economy

SINGAPORE – Oil prices hovered below $74 a barrel Tuesday in Asia, a calm start to June after the Europe debt crisis fueled wild fluctuations in crude last month.
Benchmark crude for July delivery was down 6 cents at $73.90 a barrel at midday Singapore time in electronic [..] Read the original article: here.

Sensex slips into red in morning trade

MUMBAI – A benchmark index for Indian equities Tuesday fell during morning trade and was ruling 0.5 percent lower than its previous close.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,942.82 points, was ruling at 16,849.41 points, 95.22 points or 0.56 percent down from its previous close at 16,944.63 …. Source article on Gaea Times at  : Sensex slips into red in morning trade.

Asian shares lower amid absence of fresh cues after US holiday

Asian shares lower after US holiday
TOKYO – Asian stocks fell Tuesday in the absence of fresh cues following a market holiday in the U.S.
Japan’s Nikkei 225 stock average fell 82.22 points, or 0.8 percent, to 9,686.48 and Australia’s S&P/ASX 200 dropped 0.7 percent to 4,401.10.
In Seoul, the Kospi lost 0.6 percent to 1,630.41 …. Original article  : Asian shares lower amid absence of fresh cues after US holiday.

India becoming magnet for Canadian companies, says survey

VANCOUVER – Despite China remaining the economic powerhouse of Asia, more and more Canadian companies are now eyeing the mounting investment opportunities in India, says a survey by the Asia Pacific Foundation here.

The Asian Investment Intentions Survey, released by the foundation here Monday, has found upsurge in interest among Canadian companies to invest in India. …. Original article  : India becoming magnet for Canadian companies, says survey.

Money Market Operations as on May 31, 2010

… Original article on : Money Market Operations as on May 31, 2010.

Asian shares lower in early trade after US market holiday

Asian shares lower in early trade
TOKYO – Asian stocks were lower in early trading Tuesday in the absence of fresh cues following a market holiday in the U.S.

Japan’s Nikkei 225 stock average fell 89.24 points, or 0.9 percent, to 9,679.46. Australia’s S&P/ASX 200 fell 0.8 percent to 4,395.5.
In Seoul, Kospi lost 0.6 percent to 1,630.86, …. Source  : Gaea News Network.