Bangladesh to implement 14 projects with Indian loan

DHAKA – India and Bangladesh have finalised 14 infrastructure projects, including those that will enhance connectivity between the two countries, which will be implemented with an Indian loan of $1 billion.

Indian Prime Minister Manmohan Singh announced a line of credit of $1 billion during the visit of Bangladesh Prime Minister Sheikh Hasina in January for …. Source article  : Bangladesh to implement 14 projects with Indian loan.

Under people’s protest Jharkhand closes Koel-Karo project

RANCHI – Succumbing to people’s power, the Jharkhand government finally closed the ambitious 710 MW Koel-Karo hydro-electric project Tuesday, 37 years after its conception.

The Advisory Council of Governor put a seal of closure on the long-pending projects which could not take off due to protests by tribals facing displacement.
The state government … Read the original article on Gaea Times at : Under people’s protest Jharkhand closes Koel-Karo project.

Chilean airline to buy 50 new Airbus planes

Santiago, Jul 21 (IANS/EFE) Chile’s LAN Airlines has said it will buy 50 Airbus planes as part of a deal worth $4.15 billion between 2012 and 2016.

Under the agreement, the airline will buy A319, A320 and 210-seater A321 aircraft.
The new airplanes are “highly efficient” in fuel consumption, designed with advanced technology to help diminish …. Read the original article  : here.

Orders reach $25 billion so far at Farnborough Airshow as Day 3 gets under way

Farnborough Airshow orders reach $25 bln so far

FARNBOROUGH, England – Aircraft orders at the Farnborough International Airshow this week have reached $25 billion, indicating a rapid recovery in the sector, and more are expected on Wednesday.
Excitement about the strong start for the event has been dampened by a depressed outlook for defense sales, as many …. Original source  : Orders reach $25 billion so far at Farnborough Airshow as Day 3 gets under way.

NKorea’s top diplomat likely on damage control mission at Asian security meeting

North Korea to dominate Asia security meeting

HANOI, Vietnam – North Korea’s top diplomat will be on a damage control mission this week at an Asian security meeting, pleading innocent to the sinking of a South Korean warship that killed 46 sailors and has been widely blamed on Pyongyang, an analyst said Wednesday.
North Korean Foreign Minister … Read : NKorea’s top diplomat likely on damage control mission at Asian security meeting.

Sweeping financial overhaul about to become law; victory for Obama

Obama poised to sign sweeping financial overhaul
WASHINGTON – President Barack Obama aims to usher in a new era of consumer protections and banking restrictions Wednesday, checking off another legislative victory just before election-year politics overtakes the rest of his major agenda.
The president was set to sign a sweeping overhaul of financial regulations, a … Read the original article on Gaea Times at : Sweeping financial overhaul about to become law; victory for Obama.

Now a car that tweets

NEW YORK – Online blogging is a trendy communication tool not just for tech-savvy humans. Now your car can also send messages on Twitter and have more followers than even singer Lady Gaga and US President Barack Obama.

The car that can tweet is AJ, a future model of Ford Fiesta, which is a test bed …. Source article on Gaea Times at  : Now a car that tweets.

Sensex moves up to 18,000 amid positive Asian cues

MUMBAI – A benchmark index for Indian equities Wednesday noon moved further up from its opening trade highs and touched the 18,000 mark amid stable cues from other Asian markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,873.92 points, was ruling at 18,000.78 points, 122.64 points or 0.69 percent … Read the original article on Gaea Times at : Sensex moves up to 18,000 amid positive Asian cues.

Italy’s Fiat returns to Q2 profit, approves separation of auto and industrial businesses

Fiat makes profit, approves split into 2 companies

MILAN – The Italian automaker Fiat, which controls Chrysler, on Wednesday reported a return to second-quarter profits on improved sales of agriculture equipment and trucks, and said it may raise its 2010 forecasts.
Fiat also said its board approved the plan to separate its industrial vehicle and auto businesses … Original article on : Italy’s Fiat returns to Q2 profit, approves separation of auto and industrial businesses.

Oakland City Council approves plan that would permit large-scale marijuana farms

Oakland votes to permit large pot farms
SAN FRANCISCO – The Oakland City Council has approved a plan to license four production plants where marijuana would be grown, packaged and processed, moving Oakland closer to becoming the first city in the nation to authorize wholesale pot cultivation.

The council voted 5-2 with one abstention late Tuesday in …. Read the original article  : Oakland City Council approves plan that would permit large-scale marijuana farms.

AgustaWestland unveils new-generation chopper at Farnborough

FARNBOROUGH – AgustaWestland, a Finmeccanica company, has unveiled a new generation multi-purpose twin-engine light transport helicopter that it says be used in India’s homeland security.

“We have been successful in India. I am sure there will be a market in India,” AgustaWestland communications manager Geoff Russell told IANS of the AW169 that was unveiled at the … Original source on Gaea Times at : AgustaWestland unveils new-generation chopper at Farnborough.

Police: 2 killed in attack on Russian hydropower station

Police: 2 killed in Russian power station attack

ROSTOV-ON-DON, Russia – Two carloads of assailants attacked a hydroelectric station in southern Russia on Wednesday, killing two workers and setting off bombs.
The attack took place in Kabardino-Balkariya, one of the republics in Russia’s restive Caucasus region where clashes with insurgents are frequent.
A spokesman for the republic’s police, …. Source  : Gaea News Network.

Some Gaza factories revive with easing of Israel’s blockade, but economic recovery far off

With blockade’s easing, some Gaza factories revive

BEIT HANOUN, Gaza Strip – Some of the hundreds of Gaza factories idled by Israel’s blockade are cranking up rusty machines to can tomatoes, mix concrete and press pills again now that Israel is allowing in raw materials for the first time in three years.
But Israel’s recent easing of …. Original article on Gaea Times at  : Some Gaza factories revive with easing of Israel’s blockade, but economic recovery far off.

Dhaka, Delhi finalise 14 projects worth $1 bn

DHAKA – Dhaka and New Delhi have finalised 14 development projects to be implemented with an Indian loan of $1 billion.

Both the countries will be directly benefited as some of the projects are aimed at enhancing connectivity between Bangladesh and India’s northeastern region.
The South Asian neighbours have been quick to follow up on the … Read more : Dhaka, Delhi finalise 14 projects worth $1 bn.

Vilsack says USDA will reconsider ouster of employee who resigned over race comments

USDA reconsiders employee ouster over race remarks
WASHINGTON – Agriculture Secretary Tom Vilsack said Wednesday he will reconsider the department’s decision to oust a black employee over racially tinged remarks after learning more about what she said.
Vilsack issued a short statement early Wednesday morning after Shirley Sherrod, who until Tuesday was … Original article on : Vilsack says USDA will reconsider ouster of employee who resigned over race comments.

Google shuts two online services in China

BEIJING – Internet search engine giant Google will shut down its two China-based online services and stop providing technical support to a Chinese-language website.

The company announced this decision Tuesday, 10 days after the Chinese government renewed Google’s licence to continue its operation in the country.
Google’s plan encompasses closure of a self-developed website ranking page … Original source on Gaea Times at : Google shuts two online services in China.

Oil hovers below $78 as US crude inventories fall less than expected

Oil hovers below $78 after small crude supply drop

SINGAPORE – Oil prices hovered below $78 a barrel Wednesday in Asia after a report showed U.S. crude supplies fell less than expected last week, suggesting demand for fuel remains tepid.
Benchmark crude for September delivery was down 10 cents to $77.48 a barrel at midday Singapore time … Original source on Gaea Times at : Oil hovers below $78 as US crude inventories fall less than expected.

Bernanke looks to reassure Congress that Fed will do what it takes to keep recovery alive

Fed chief focused on keeping recovery alive

WASHINGTON – Federal Reserve Chairman Ben Bernanke heads to Congress Wednesday with a message of reassurance: The Fed stands ready to take new steps to bolster the recovery if the economy worsens.
The Fed chief kicks off back-to-back appearances on Capitol Hill at a delicate time for the economy. The … Read the original article on Gaea Times at : Bernanke looks to reassure Congress that Fed will do what it takes to keep recovery alive.

Money Market Operations as on July 20, 2010

…. Original source  : Money Market Operations as on July 20, 2010.

Asian stock markets modestly as Apple’s quarterly earnings power gains in technology shares

Asia stocks rise as Apple result lifts tech sector

TOKYO – Asian stock markets posted mild gains Wednesday after better-than-expected earnings from technology bellwether Apple nudged Wall Street higher.
Japan’s Nikkei 225 stock average snapped a three-session losing streak during which the index lost 5 percent. The Nikkei finished the morning session up 0.2 percent at 9,321.65.
Hong …. Original article on Gaea Times at  : Asian stock markets modestly as Apple’s quarterly earnings power gains in technology shares.