480-year-old store forced to close doors in Britain

LONDON – A 480-year-old shop in Britain, which survived two world wars, two depressions and three recessions, is finally closing down its shutters.

King Henry VIII was on the throne when Gill & Co became the country’s first ironmongers in Oxford in 1530, the Daily Mail reported Friday.
The country’s oldest hardware store has been in …. Original article  : 480-year-old store forced to close doors in Britain.

Real Estate Bid By Gitanjali Group

MUMBAI, INDIA (GaeaTimes.com)- Noted diamond jewelry retailer and manufacturer Gitanjali Gems Ltd is going to make foray into lucrative real estate business. Its maiden real estate project is all set to come up at Mumbai’s western suburb, Borivali. It is going to be a residential project as per the available news. The residential project …. Source  : Gaea News Network.

Sensex up 192 points, Bharti soars

MUMBAI – A benchmark index for Indian equities Friday rose considerably for the second consecutive session and was ruling 192 points higher than its previous close with telecom major Bharti Airtel leading the pack.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,667.85 points, was ruling at 17,843.78 points, 192.05 … Original source on Gaea Times at : Sensex up 192 points, Bharti soars.

Shares in Japan’s top energy explorer plunge nearly 13 percent after $6.6 billion fund raising

Shares in Japan’s top energy explorer plunge

TOKYO – Shares in Inpex Corp., Japan’s largest energy explorer, plunged nearly 13 percent to a record low Friday after announcing it would raise 587.2 billion yen ($6.6 billion) via new shares to fund an Australian gas development.
The sheer size of Inpex’s fund raising spooked investors, dragging down the …. Read the original article  : here.

ICICIdirect Down: Customers Cry Foul

NEW DELHI, INDIA (GaeaTimes.com)- The online investment services and retailing portal of ICICI Securities, ICICIdirect gave the customers a harrowing time yesterday when it went down unexpectedly. The breakdown took thousands of users totally by surprise and they were at a loss to understand what had hit the online portal. It got back to …. Original source  : ICICIdirect Down: Customers Cry Foul.

Three Chinese firms in top 10 of Fortune 500

BEIJING – Fifty-four Chinese firms are on the Fortune Global 500 companies list by revenue, with three in the top 10, a media report said Friday.

Three Chinese companies — Sinopec, State Grid and China National Petroleum — ranked seventh, eighth and tenth respectively, the China Daily reported, citing the latest ranking issued Thursday.
China’s private …. Original article  : Three Chinese firms in top 10 of Fortune 500.

India signs MoU with Canada’s Ontario province

TORONTO – Just over a week after the prime ministers of India and Canada signed nuclear and mining agreements, India Thursday signed a memorandum of understanding (MoU) with this country’s Ontario province.

Known as the economic powerhouse of Canada, Ontario – with Toronto as its capital – is considered the country’s mining capital, boasting the world’s …. Source  : India signs MoU with Canada’s Ontario province.

Train services resume on Ambala-Delhi route

AMBALA – Train services resumed on the Ambala-New Delhi section of the railways Friday morning after the track, which had sunk at a few places due to floods, was strengthened with sand bags.

Train traffic was stopped Thursday by railway authorities after the track started sinking near Shahbad town in Haryana, 65 km from Chandigarh.
Trains …. Read the original article  : Train services resume on Ambala-Delhi route.

Oil rises to near $76 in Asia as optimism on global economy boosts equities, commodities

Oil rises to $76 amid optimism on global economy

SINGAPORE – Oil prices rose to near $76 a barrel Friday in Asia, following stock markets higher as confidence rose the global economic recovery remains intact.
Benchmark crude for August delivery was up 25 cents to $75.69 a barrel at late afternoon Singapore time in electronic trading on … Read more : Oil rises to near $76 in Asia as optimism on global economy boosts equities, commodities.

LeGone: LeBron James leaves Cleveland to chase NBA titles with superstar trio in Miami

LeBron James walks away from Cleveland for Miami

LeBron James walked away from the comforts of home to chase an NBA championship.
Perhaps the most hysterically-hyped free agent in sports history, James announced Thursday night on national TV that he plans to leave Cleveland to join the Miami Heat for a chance to play with Olympic teammates … Read more : LeGone: LeBron James leaves Cleveland to chase NBA titles with superstar trio in Miami.

Three East Asian economies reach out to Bangladesh

DHAKA – Three East Asian countries – Japan, South Korea and China – have expressed their intent to enhance relations with Bangladesh.

Prime Minister Sheikh Hasina, who visited China and South Korea, is due to visit Japan in October to further the ties.
New Japanese Prime Minister Naoto Kan has formally written to invite … Read more »».

After begging LeBron to stay, northeast Ohio fans anguished by decision to go to Miami Heat

Cleveland fans anguished by LeBron’s decision

CLEVELAND – Humiliated and heartbroken, the fans in Cleveland turned their backs on LeBron James as suddenly as he had abandoned them for the Miami Heat on national television.
They tore his once-beloved No. 23 jersey off their backs and set them on fire. They threw rocks at a 10-story-tall billboard …. Original article  : After begging LeBron to stay, northeast Ohio fans anguished by decision to go to Miami Heat.

Internet, live TV on flights a reality soon

HONG KONG – Full broadband internet access, mobile phone service and even live television may soon be a reality on flights after a leading international airline revealed plans to introduce them.

Cathay Pacific, the flag carrier of Hong Kong, has announced plans to fit its entire fleet with internet broadband service, a mobile telephone …. Source article  : Internet, live TV on flights a reality soon.

China seizes more dairy products tainted with chemical that killed 6 babies sickened thousands

China finds more milk tainted with deadly melamine

BEIJING – Chinese authorities have found dairy products in at least two provinces tainted with an industrial chemical that killed six babies and sickened thousands more in 2008, state media said Friday.
The discovery suggests toxic milk remains a lingering danger in China despite a crackdown two years ago …. Source article on Gaea Times at  : China seizes more dairy products tainted with chemical that killed 6 babies sickened thousands.

Cavaliers owner Dan Gilbert blasts LeBron James, accuses MVP of quitting in playoffs

Cavs owner says LeBron James quit in playoffs

CLEVELAND – Angered and betrayed by LeBron James’ decision to leave for Miami, Cavaliers owner Dan Gilbert accused the NBA’s MVP of quitting during the playoffs.
Gilbert, who posted a letter to Cavs fans on the team’s website shortly after James announced his plans to sign with the Heat, …. Source  : Cavaliers owner Dan Gilbert blasts LeBron James, accuses MVP of quitting in playoffs.

Money Market Operations as on July 08 , 2010

…. Original article on Gaea Times at  : Money Market Operations as on July 08 , 2010.

LeGone: LeBron James leaves Cleveland to chase titles with superstar trio in Miami

LeBron James walks away from Cleveland for Miami

LeBron James walked away from the comforts of home to chase an NBA championship.
Perhaps the most hysterically-hyped free agent in sports history, James announced Thursday night on national TV that he plans to leave Cleveland to join the Miami Heat for a chance to play with Olympic teammates …. Original source  : LeGone: LeBron James leaves Cleveland to chase titles with superstar trio in Miami.

Asian stock markets advance after jobs report lifts Wall Street, eases global slowdown worries

Asia stocks gain amid respite from slowdown fears

SINGAPORE – Asian stock markets rose Friday after South Korea’s surprise interest rate hike and a fall in U.S. unemployment benefit claims eased the worries that Europe’s debt crisis will derail the global recovery.
South Korea’s central bank raised its benchmark interest rate from a record low – following … Read more »»».

Asian stock markets climb after US jobs report lifts Wall Street

Asian shares up after US jobs report
TOKYO – Most Asian stock markets rose Friday after an encouraging U.S. jobs report helped Wall Street extend gains.

Japan’s Nikkei 225 stock average inched up 0.01 percent to 9,536.24, and South Korea’s Kospi added 0.4 percent to 1,705.12.
Benchmarks in Taiwan and New Zealand rose, while Australian shares posted mild …. Source article on Gaea Times at  : Asian stock markets climb after US jobs report lifts Wall Street.

Bank of Korea raises key interest rate to 2.25 percent from record low 2 percent

Bank of Korea raises key rate from record low

SEOUL, South Korea – South Korea’s central bank unexpectedly raised its key interest rate from a record low amid prospects for robust growth as Asia leads the global economic recovery.
The Bank of Korea announced Friday that it lifted the benchmark seven-day repurchase rate to 2.25 percent from …. Original source  : Bank of Korea raises key interest rate to 2.25 percent from record low 2 percent.