World stock markets jump after Intel, Singapore beat expectations

World stock markets jump after Intel result

BANGKOK – World stock markets advanced Wednesday, powered by better-than-expected earnings from chipmaking giant Intel that eased fears of a stalled global recovery.
Technology stocks in Asia got a big boost from Intel’s after-hours report of quarterly earnings and revenue that beat expectations. Markets also advanced after export-reliant Singapore raised [..] Read the original article: here.

Sensex rises after a lull, strong Asian cues help

MUMBAI – A benchmark index for Indian equities Wednesday
crawled up about 80 points in afternoon trade on strong cues from other Asian markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE),
had risen to 18,167.22 points in morning trade but slipped a tad in subsequent sessions, with heavyweight Infosys dragging …. Source  : Gaea News Network.

Bus services on Manali-Leh route resume

MANALI – The bus services between Himachal Pradesh’s Manali town and Leh in Jammu and Kashmir have resumed, six months after they were halted due to heavy snowfall, an official said Wednesday.

The Himachal Pradesh Tourism Development Corporation (HPTDC) started running special buses on the 475-km route Tuesday to promote tourism in the state. The strategic … Original source on Gaea Times at : Bus services on Manali-Leh route resume.

517-seater Emirates super jumbo to land in Delhi

DUBAI – Twenty-five years after it first flew to Delhi, Emirates will make history when its 517-seater Airbus A-380 super jumbo lands at the Indira Gandhi International Airport Thursday to become the first international airline to dock at the brand new Terminal 3.

The Terminal 3, inaugurated earlier this month by Indian Prime Minister Manmohan …. Read the original article  : 517-seater Emirates super jumbo to land in Delhi.

Oil hovers above $77 in Asia after report shows unexpected US crude inventory increase

Oil hovers above $77 as US crude supplies rise

SINGAPORE – Oil prices hovered above $77 a barrel Wednesday in Asia after a report showed U.S. crude supplies rose unexpectedly last week, suggesting demand remains lackluster.
Benchmark crude for August delivery was up 9 cents to $77.24 a barrel at late afternoon Singapore time in electronic trading … Read the original article on Gaea Times at : Oil hovers above $77 in Asia after report shows unexpected US crude inventory increase.

NATO: 3 American troops die in attack on police headquarters in Afghanistan’s Kandahar

3 US troops die in attack on Kandahar police HQ

KANDAHAR, Afghanistan – A car bomb and gunfight at the entrance of a police headquarters killed three U.S. troops and five civilians in the southern Afghan city of Kandahar, officials said Wednesday.
An Afghan police officer also died in the attack on the compound of the elite …. Source  : NATO: 3 American troops die in attack on police headquarters in Afghanistan’s Kandahar.

George Steinbrenner leaves legacy as the owner who changed how baseball does business

Steinbrenner’s legacy more than feuds and bluster

Owning the New York Yankees, George Steinbrenner liked to say, was a lot like owning the Mona Lisa.
Not that he always treated his team like a piece of fine art. Some of the things “The Boss” did would have wiped the smile right off the famous model’s face.
This was …. Source  : George Steinbrenner leaves legacy as the owner who changed how baseball does business.

For New York Yankees, little figures to change following George Steinbrenner’s death

Little figures to change following Steinbrenner

NEW YORK – The owners’ box behind home plate will be empty most nights. Then again, it has been vacant most games for several years.
Little figures to change in the operation of the New York Yankees following George Steinbrenner’s death Tuesday at age 80. His role for several years had …. Source article on Gaea Times at  : For New York Yankees, little figures to change following George Steinbrenner’s death.

Western ranchers in some remote areas replace iconic windmills with solar-powered water pumps

Solar wells displacing windmills on Western range

ALCOVA, Wyo. – The pump installer toppled the old windmill in about an hour, first climbing up the wobbly 27-foot tower to stop the broken mill’s whirling blade and then pulling the underground pipe to make way for a new solar-powered electric pump.
Iconic mechanical windmills of metal and wood …. Original source  : Western ranchers in some remote areas replace iconic windmills with solar-powered water pumps.

Turkey sees its influence rising in construction projects as well as diplomatic affairs

Turkey becomes global power in construction

ANKARA, Turkey – An army of Turkish cranes and bulldozers is at work across the Middle East, Central Asia and Africa, building dams, stadiums and highways in a boom that’s driving Turkey to record growth and bolstering its efforts to become a regional power broker.
Frustrated by slow progress toward joining …. Source  : Turkey sees its influence rising in construction projects as well as diplomatic affairs.

India’s June inflation rises to 10.55 percent

NEW DELHI – The recent fuel price hike drove India’s annual food inflation further up to 10.55 percent, from 10.16 percent in May, edging the Reserve bank of India closer to another hike in interest rates.

During June, prices of fuel rose 14.32 percent, reflecting the government’s decision to increase prices of petrol, diesel, kerosene and … Original article on : India’s June inflation rises to 10.55 percent.

Britain’s national debt reaches four trillion pounds

LONDON – Britain’s national debt stands close to a staggering four trillion pounds, nearly four times higher than officially estimated, the Office of National Statistics (ONS) has said.

The total debt means a per capita debt of around 65,000 pounds for each of the 62 million people in the country.
This is in sharp contrast to … Read this article on Gaea Times at : Britain’s national debt reaches four trillion pounds.

BlackBerry bosses mum on new launches

TORONTO – On a day when its rival Apple slipped more than four percent on the market after a poor review of iPhone 4, BlackBerry maker Research In Motion (RIM) made no new bold announcements at its annual shareholders’ meeting Tuesday.

In the meeting which took place in the backdrop of Apple’s woes after Consumer Reports …. Read the original article  : BlackBerry bosses mum on new launches.

Hilly Sikkim, sandy Goa to sell tourism together

PANAJI – The hills of Sikkim can now sunbathe in Goa! To tap tourism synergies and boost business, the Goa Tourism Development Corporation (GTDC) and its Sikkim counterpart have signed an agreement to promote each other’s diverse tourism platters.

GTDC Managing Director Nikhil Desai said the arrangement would mutually benefit both states and that similar …. Source  : Hilly Sikkim, sandy Goa to sell tourism together.

Oil falls below $77 in Asia after unexpected US crude inventory increase

Oil falls below $77 as US crude supplies rise

SINGAPORE – Oil prices fell below $77 a barrel Wednesday in Asia after a report showed U.S. crude supplies rose unexpectedly last week.
Benchmark crude for August delivery was down 26 cents to $76.89 a barrel at midday Singapore time in electronic trading on the New York Mercantile … Read more : Oil falls below $77 in Asia after unexpected US crude inventory increase.

Yamaha offers electric scooters for green but short errands for $2,700

Yamaha offers electric scooters for green errands

TOKYO – Yamaha is targeting fashionable green-minded consumers with a new electric scooter designed for short city commutes.
The 240,000 yen ($2,700) “smart minimal commuter” EC-03, shown to reporters Wednesday, is zero-emission and super-quiet, making it convenient for late-night city driving, according to Japanese motorcycle maker Yamaha Motor Co.
Its maximum … Read more »»».

Search unsuccessful so far for 3 men missing in Arizona while looking for fabled gold mine

No sign of 3 Utah men on Arizona treasure hunt

PHOENIX – Rescue workers unsuccessfully searched a rugged Arizona wilderness area for a third day in triple-digit temperatures for three Utah men who went missing while looking for the legendary Lost Dutchman Gold Mine.
By late Tuesday night, authorities said there still was no sign of the …. Source article  : Search unsuccessful so far for 3 men missing in Arizona while looking for fabled gold mine.

BP begins critical test of ruptured well

WASHINGTON – BP will undertake a critical test in the coming days that could determine whether it can fully seal off the ruptured oil well that has been gushing oil into the Gulf of Mexico for nearly three months.

The “integrity test” is designed to help determine whether the well at the bottom of the gulf …. Source article on Gaea Times at  : BP begins critical test of ruptured well.

Bailouts designed for Wall Street may be hurting small banks, stalling recovery, watchdog says

Watchdog: Small banks struggling despite bailouts

WASHINGTON – To the list of economic woes squeezing small banks, add another one: government bailouts.
The Treasury Department’s bailout program was designed with Wall Street megabanks in mind, according to a new watchdog report. The “one-size-fits-all” program may actually be hurting small banks that are struggling to repay the money … Original article on : Bailouts designed for Wall Street may be hurting small banks, stalling recovery, watchdog says.

Money Market Operations as on July 13, 2010

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