Eurozone industrial production unexpectedly falls 0.1 percent in June

Eurozone industrial output in unexpected June fall

LONDON – Official data shows industrial production in the 16 countries that use the euro unexpectedly fell in June, raising fears that economic growth in the eurozone may not be as strong as anticipated.
Eurostat, the EU’s statistics office, said Thursday that industrial output slid 0.1 percent in June from … Read : Eurozone industrial production unexpectedly falls 0.1 percent in June.

Oil falls below $78 in Asia amid signs global economy slowing, stock market slump

Oil falls below $78 on signs world economy slowing

SINGAPORE – Oil prices fell below $78 a barrel Thursday in Asia, extending losses amid signs the global economy will grow at a slower rate in the second half than previously expected.
Benchmark crude for September delivery was down 28 cents at $77.74 a barrel at late afternoon …. Source  : Oil falls below $78 in Asia amid signs global economy slowing, stock market slump.

SBI net profit jumps 25 percent, scrip at all time high

MUMBAI – The country’s largest lender, State Bank of India, Thursday reported a 25 percent jump in net profit at Rs.2,914.2 crore for the quarter ended June 30, beating street expectations, which propelled its scrip to an all time high at the Bombay Stock Exchange.

In the previous corresponding quarter, the bank had posted a …. Source article  : SBI net profit jumps 25 percent, scrip at all time high.

Sensex slips below 18,000 as world stocks slump

MUMBAI – A benchmark index for Indian equities fell below the 18,000 points mark Thursday as Asian markets remained under pressure on fresh concern over the global economic recovery.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened deep in the red and plunged 155 points within minutes trading started.
The … Read the original article on Gaea Times at : Sensex slips below 18,000 as world stocks slump.

Food inflation back to double digits at 11.4 percent

NEW DELHI – After dipping for two straight weeks, India’s food inflation rose again to double digits at 11.4 percent for the week ended July 31, as prices of cereals, milk and fruits went up, official data released Thursday showed.

Food inflation was 9.53 percent a week earlier.
The fuel prices index, however, declined to … Read more >>.

Brewer AB InBev says football World Cup helped push up Q2 sales, net profit

AB InBev Q2 profit up 7.5 pct on World Cup boost

BRUSSELS – Anheuser-Busch InBev NV, the world’s largest brewer, said Thursday that the World Cup helped push up sales in the second quarter, boosting net profit by 7.5 percent to $1.15 billion.
The producer of Budweiser, Stella Artois and Beck’s said results this year beat its … Original article on : Brewer AB InBev says football World Cup helped push up Q2 sales, net profit.

Dutch insurer Aegon returns to profit in 2nd quarter on investment gains, fewer charges

Aegon Q2 makes profit amid fewer one-time charges

AMSTERDAM – Aegon NV, the Dutch insurer, said Thursday it made a profit in the second quarter as its gains on investments improved and it suffered fewer losses and impairment charges than in any quarter in the past two years.
Net profit was ???413 million ($532 million), from a … Read : Dutch insurer Aegon returns to profit in 2nd quarter on investment gains, fewer charges.

Lawmakers unlikely to block US-Russia civil nuke deal despite mistrust of Moscow

Blockage of US-Russia civil nuclear deal unlikely
WASHINGTON – Despite misgivings about Russia, Congress appears unlikely to block a deal that would allow U.S. companies to export nuclear technology to America’s former Cold War rival.
The probable passage of the civil nuclear agreement stands in contrast to the unexpectedly rocky road facing a separate treaty … Original article on : Lawmakers unlikely to block US-Russia civil nuke deal despite mistrust of Moscow.

AP-Univision poll: Many US Latinos who speak English turn to Spanish TV, radio

Poll: English-speaking Latinos turn to Spanish TV
WASHINGTON – An automobile technician by day, Miguel Ramirez often returns home in a mostly white Dallas suburb to a world of romantic telenovelas, futbol or the latest U.S. news on Spanish-language TV.
“When there is a Mexican soap opera that is really juicy, my wife and her …. Source article  : AP-Univision poll: Many US Latinos who speak English turn to Spanish TV, radio.

Karl Marx died poor; Darwin, Dickens richer

LONDON – No wonder! The enemy of capitalism Karl Marx left just 250 pounds to his name while Charles Darwin, the naturalist who preached the “survival of the fittest” theory in the evolution of species, owned 13 million pounds.

Though the German-born philosopher would be worth 23,000 pounds in today’s money, Marx’s estate pales into insignificance … Original source on Gaea Times at : Karl Marx died poor; Darwin, Dickens richer.

Asian shares slide after sharp falls in Europe, US on signs of slowing global growth

Asian shares slide on signs of slowing growth

BANGKOK – Asian markets tumbled Thursday as investors dumped riskier assets like stocks amid growing evidence the world economic recovery is stumbling. European shares posted moderate gains after a big drop the day before.
The third day of losses in Asia came after steep falls on Wall Street that … Read more >>>.

Two RBI Officials win Mahalanobis Award

The Reserve Bank of India felicitated two of its officers, Dr. G. P. Samanta, Director and Dr. Abhiman Das, Assistant Adviser in the Department of Statistics and Information Management for winning the prestigious Prof. P. C. Mahalanobis award (medal) for the years 2006 and 2008, respectively, for their outstanding …. Source article on Gaea Times at  : Two RBI Officials win Mahalanobis Award.

Men make better bosses than women: British survey

LONDON – Women bosses are a nightmare to work for as they are too “sharp tongued” and “loose cannons” while male bosses are easier to deal with since they are straight-talking and get to the point, a survey in Britain has revealed.

The 3,000 respondents in the survey included both men and women.
Female bosses … Read more : Men make better bosses than women: British survey.

Indian utility vehicle maker prime bidder for Ssangyong

SEOUL – Indian utility vehicle maker Mahindra & Mahindra Ltd has emerged Thursday as preferred bidder for a majority stake in ailing South Korean carmaker Ssangyong Motor Co.

The smallest of South Korea’s five carmakers and its creditors said that they had chosen the Indian company and planned to sign a memorandum of understanding by the …. Original source  : Indian utility vehicle maker prime bidder for Ssangyong.

Oil falls to near $77 in Asia amid signs global economy slowing, stock market slump

Oil falls near $77 on signs global economy slowing

SINGAPORE – Oil prices fell to near $77 a barrel Thursday in Asia, extending losses amid signs the global economy will grow at a slower rate in the second half than previously expected.
Benchmark crude for September delivery was down 56 cents at $77.46 a barrel at midday … Read the original article on Gaea Times at : Oil falls to near $77 in Asia amid signs global economy slowing, stock market slump.

Fresh Express recalling some salad products because of possible Listeria risk

Fresh Express recalling some salad products

SALINAS, Calif. – Fresh Express is voluntarily recalling some of its salad products because of a possible health risk from Listeria monocytogenes.
The Salinas-base company is recalling 2,825 cases of its Veggie Lovers Salad. The recalled salad mix has a product code of I208 and use-by date of Aug. 10.
The salad …. Source article  : Fresh Express recalling some salad products because of possible Listeria risk.

SingTel’s 2Q profit drops slightly as earnings slump in India, the Philippines, Indonesia

Singapore’s SingTel 2Q profit drops 0.2 percent

SINGAPORE – Singapore Telecommunications Ltd. said its profit dropped slightly last quarter as higher revenue from its local and Australian mobile operations offset lower earnings in India, the Philippines and Indonesia.
The company known as SingTel said in a statement Thursday that net profit for the April-June period fell to …. Original article  : SingTel’s 2Q profit drops slightly as earnings slump in India, the Philippines, Indonesia.

China acknowledges only foreign companies hit by anti-monopoly law but denies discriminating

China admits only foreigners hit by anti-trust law

BEIJING – China acknowledged Thursday that only foreign companies have been forced to scrap or change business deals under its two-year-old anti-monopoly law but rejected complaints the measure is discriminatory.
Regulators have examined 140 cases and rejected outright only one, Coca-Cola Co.’s 2008 bid to buy Chinese fruit juice …. Source  : Gaea News Network.

Qantas posts 4 percent fall in annual profit to $100 million but says market is improving

Qantas posts 4 pct drop in annual profit to $100M

SYDNEY – Qantas Airways Ltd. posted a 4.3 percent fall in annual profit – partly blaming the Icelandic volcano ash that shut down air travel over Europe earlier this year – but said market conditions were improving.
Net profit for the 12 months through June was 112 … Read the original article on Gaea Times at : Qantas posts 4 percent fall in annual profit to $100 million but says market is improving.

Home repossessions surged in July, but pace of new home loan defaults continued to slow

Homes lost to foreclosure up 6 pct from last year

LOS ANGELES – The number of U.S. homes lost to foreclosure surged in July, another sign lenders are moving quicker to take back properties from homeowners behind in payments.
Lenders repossessed 92,858 properties last month, up 9 percent from June and an increase of 6 percent from …. Original article on Gaea Times at  : Home repossessions surged in July, but pace of new home loan defaults continued to slow.