World stock markets drop as China imports slow, investors await US Fed meeting outcome

World stocks drop before Fed as China imports slow

BANGKOK – World markets slid Tuesday on signs China’s economy continues to slow and ahead of a Federal Reserve meeting that may bring new measures to prop up sputtering U.S. growth.
Shanghai stocks led the retreat after China’s July trade figures showed a big drop in the growth …. Original article on Gaea Times at  : World stock markets drop as China imports slow, investors await US Fed meeting outcome.

Indian Railways Unveils Swanky Coaches

BANGALORE, INDIA (GaeaTimes.com)- Indian Railways seems to have been inspired by the efforts to introduce eco friendly transport system. It has unveiled a new electric locomotive that is going to be used for luxury class trains like Shatabdi and Rajdhani expresses. The USP of the new locomotive is that it is energy efficient and … Read more >>>.

Oil falls to below $81 as traders look to Fed for possible stimulus

Oil falls to below $81 ahead of Fed meeting

SINGAPORE – Oil prices fell below $81 a barrel Tuesday in Asia as investors looked to a Federal Reserve meeting for possible policy changes to boost U.S. economic growth.
Benchmark crude for September delivery was down 56 cents at $80.92 a barrel at late afternoon Singapore time in …. Read the original article  : Oil falls to below $81 as traders look to Fed for possible stimulus.

Sensex slides on profit-taking, negative Asian cues

MUMBAI – A benchmark index for Indian equities was trading in the negative terrain Tuesday as short-term investors booked profit after the rally in the previous session.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened in the red and declined 0.75 percent or 70 points to 18,217 by noon.
At … Read the original article on Gaea Times at : Sensex slides on profit-taking, negative Asian cues.

France’s GDF Suez in deal to control Britain’s International Power as companies report H1

GDF Suez takes control of International Power

PARIS – French electricity and natural gas utility GDF Suez SA said Tuesday it is combining the assets of its global energy unit with Britain’s International Power to create the world’s largest independent power producer.
GDF Suez, which reported a 9.3 percent rise in first half profit, will pay shareholders …. Original article on Gaea Times at  : France’s GDF Suez in deal to control Britain’s International Power as companies report H1.

In emergency session, House takes up $26 billion bill to help teachers, public workers

House moves to help teachers, public workers
WASHINGTON – Hoping to show disenchanted voters that they are the party that cares about jobs, House Democrats are convening an emergency session to pass a bill aimed at saving hundreds of thousands of teachers and other public workers from unemployment.
Lawmakers rushing back … Read more >>.

BlackBerry stock up amid reported deal with Saudi Arabia

TORONTO – Shares of BlackBerry maker Research In Motion (RIM) rebounded heavily Monday, after sinking by more than eight percent last week, amid news of a reported deal between the company and Saudi Arabia on security issues related to the smart phone’s messenger service. However, new security issues came up with Germany that reportedly has …. Read the original article  : BlackBerry stock up amid reported deal with Saudi Arabia.

Forever 21 to Open its New Store in South Coast Plaza

LOS ANGELES (GaeaTimes.com) – The younger generation are crazy to find the latest fashion trends at low prices. Perhaps, this may be one of the reasons that Forever 21 Inc., a clothing retailer joined hands with the largest retail chain, Sears Holdings to open a store of Forever 21 at their property. The store will … Original source on Gaea Times at : Forever 21 to Open its New Store in South Coast Plaza.

JetBlue Flight Attendant Gets Support from Facebook

NEW YORK (GaeaTimes.com) — Facebook users are supporting Steven Slater’s walk off from JetBlue. A lot of pages has been set up and posted on the much famed social networking site on his regard. Steven Slater got arrested at his place in the Belle Harbor section of Queens by Port Authority of New … Read the original article on Gaea Times at : JetBlue Flight Attendant Gets Support from Facebook.

‘Foreign firms want to invest only near Dhaka, Chittagong’

DHAKA – Asian investors want to set up manufacturing units or relocate their existing industries only around the national capital and port town of Chittagong in Bangladesh, says an official.

In the first six months of 2010, the Board of Investment (BoI) had received demands for over 800 acres of industrial land, mainly in the two …. Original article on Gaea Times at  : ‘Foreign firms want to invest only near Dhaka, Chittagong’.

Asian stock markets drop as China imports slow, investors await US Fed meeting outcome

Asian stock markets drop as China imports slow

BANGKOK – Asian markets slid Tuesday on signs China’s economy continues to slow and ahead of a Federal Reserve meeting that may bring new measures to prop up sputtering U.S. growth.
Shanghai stocks led the retreat in Asia after China’s July trade figures showed a big drop in the …. Original source  : Asian stock markets drop as China imports slow, investors await US Fed meeting outcome.

Government says China’s July exports up 38.1 percent, imports up 22.7 percent

China’s July exports up but import growth weakens

BEIJING – China’s exports grew strongly in July but import growth fell as its rapid economic expansion cooled, possibly hurting global demand.
Exports rose 38.1 percent over a year ago to $145.5 billion while imports gained 22.7 percent to $116.8 billion, the customs agency reported Tuesday. Export growth eased …. Source  : Government says China’s July exports up 38.1 percent, imports up 22.7 percent.

‘South Asia matters more with India’s rise’

WASHINGTON – Given the rise of India and the difficulties of Pakistan, South Asia matters a little more in global affairs with the decline of America relative to Asia, according to a former Bush era official.

“Although we’re still and will remain the strongest power economically, militarily, etc. for well over 20 years into the future. … Read more >>>.

Oil falls slightly to near $81 as traders look to Fed for possible stimulus

Oil falls to near $81 ahead of Fed meeting

SINGAPORE – Oil prices fell to near $81 a barrel Tuesday in Asia as investors looked to a Federal Reserve meeting for possible policy changes to boost U.S. economic growth.
Benchmark crude for September delivery was down 33 cents at $81.15 a barrel at midday Singapore time in … Read more >>.

BlackBerry stock bounces as Germany mulls ban

TORONTO – After sinking by more than eight percent last week over Saudi Arabia’s ban threat, shares of BlackBerry maker Research In Motion (RIM) rebounded heavily Monday even as Germany is reportedly mulling a ban on the smart phone over a “dramatic increase in cyber attacks”.

RIM stock rose 3.4 percent to close at $56.80 amid … Read the original article on Gaea Times at : BlackBerry stock bounces as Germany mulls ban.

Fed ponders new steps to boost recovery; Wall Street closely watches next move

Wall Street closely watching Fed’s next move

WASHINGTON – Federal Reserve policymakers are pondering ways to jump-start the economic recovery. The trick: making sure whatever they do or say doesn’t rattle Wall Street.
U.S. stocks closed higher Monday as investors anticipated reassuring words or action Tuesday by Fed Chairman Ben Bernanke and his colleagues on the Federal … Read more »»».

Money Market Operations as on August 09, 2010

…. Source article  : Money Market Operations as on August 09, 2010.

News Corp. sells controlling stake in China TV businesses to government-backed fund

News Corp. sells stakes in China TV businesses

BEIJING – Rupert Murdoch’s News Corp. is selling a controlling stake in three of its TV businesses in China to a government investment fund as the media conglomerate scales down its ambitions in a market where foreign investors have struggled to succeed.
The fund, China Media Capital, will become … Original article on : News Corp. sells controlling stake in China TV businesses to government-backed fund.

BlackBerry boss to represent private sector on UN panel

TORONTO – Jim Balsillie, co-CEO of BlackBerry maker Research In Motion (RIM) based at Waterloo near here, was Monday appointed to a United Nations panel to study globally sustainable economic growth.

Balsillie joins India’s Environment Minister Jairam Ramesh, Finnish President Tarja Halonen and South African President Jacob Zuma among 21 members appointed to the …. Original article on Gaea Times at  : BlackBerry boss to represent private sector on UN panel.

Asian stocks mixed in early trade after small gains in US on hopes for more stimulus from Fed

Asian shares mixed after tepid US gains
TOKYO – Asian shares were mixed in early trade Tuesday after moderate Wall Street gains on increased expectations that the U.S. Federal Reserve will take action to spur the U.S. economy.

Japan’s Nikkei 225 was up 0.6 percent to 9,632.39, with major indexes in Taiwan, New Zealand and the Phillipines …. Source article  : Asian stocks mixed in early trade after small gains in US on hopes for more stimulus from Fed.