World stocks advance amid strong Australian GDP, rise in Chinese manufacturing

World stocks rise on China, Australia economy news

\SEOUL, South Korea – World stock markets mostly gained Wednesday after Chinese manufacturing growth picked up and Australia’s economy expanded at its fastest pace in three years.
The two indicators are a break from a stream of weak economic readings from the U.S. to Japan that sent stock markets … Read more : World stocks advance amid strong Australian GDP, rise in Chinese manufacturing.

Trade body deplores campaign against Indian JVs in Nepal

KATHMANDU – With a section of Nepal’s media keeping up a smear campaign against Indian joint ventures in Nepal and distorting the Indian government’s concern, the Nepal-India Chamber of Commerce and Industry (NICCI) Wednesday expressed concern, asking for a halt to the “(vitiating of) the economic environment”.

Issuing a statement, NICCI said the controversy about some … Read the original article on Gaea Times at : Trade body deplores campaign against Indian JVs in Nepal.

Vivendi says Q2 net income fell 3.5 pct but raises full-year outlook on future releases

Vivendi raises outlook despite dip in net profit

PARIS – French media company Vivendi SA said Wednesday that net income fell 3.5 percent in the second quarter due to fewer music releases from artists like Eminem and Lady Gaga, but it raised its full-year outlook as it expects strong results from video games and mobile services …. Source article on Gaea Times at  : Vivendi says Q2 net income fell 3.5 pct but raises full-year outlook on future releases.

TVS Motors logs 34 percent sales growth in August

CHENNAI – City-based TVS Motor Company closed August with a 34 percent sales growth as compared to the previous year’s corresponding period.

Logging growth in all the three segments- motor cycles, scooters and three wheelers, the company sold 170,735 units last month up from 127,875 units sold in August 2009.
TVS Motor sold 167,109 two wheelers … Read this article on Gaea Times at : TVS Motors logs 34 percent sales growth in August.

Stone-throwing protesters march against high prices in Mozambique

Angry over prices, protesters march in Mozambique

MAPUTO, Mozambique – Protesters angry with rising prices in impoverished Mozambique threw stones, burned tires and ransacked shops in the capital Wednesday, and police responded by firing shots into the air.
Police had declared the marches illegal, saying no group had sought permission despite days of rumors there would be … Original source on Gaea Times at : Stone-throwing protesters march against high prices in Mozambique.

Nissan Motor sells 1,249 cars in August

CHENNAI – Nissan Motor India has closed August selling 1,249 cars, up from 22 units sold during the same month last year.

Bulk of the August month’s sales- 1,182 units- is accounted by the company’s new small car Micra, while other models like Teana, X-trail and 370Z accounted for 21, 44 and 2 respectively.
Nissan Motor … Original article on : Nissan Motor sells 1,249 cars in August.

PM lays foundation of NTPC-BHEL power equipment plant

HYDERABAD – Prime Minister Manmohan Singh Wednesday laid the foundation stone for the NTPC-BHEL joint venture power equipment manufacturing plant at Mannavaram village near Srikalahasthi in Chittoor district of Andhra Pradesh.

Addressing a gathering on the occasion, the prime minister said the project with an investment of Rs.6,000 crore would provide direct employment to about 6,000 …. Original source  : PM lays foundation of NTPC-BHEL power equipment plant.

Sensex up 116 points in noon trade

MUMBAI – A benchmark index for Indian equities Wednesday was ruling 121 points higher in noon trade, joining other rebounding Asian bourses. Metals and realty stocks were in the forefront of buying activity.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,027.12 points, was trading in noon trade at 18,087.72 … Original article on : Sensex up 116 points in noon trade.

Tony Blair’s memoir hits stores: Ex-leader says he cried for victims of Iraq war

“Tony Blair: I cried for Iraq war victims”
LONDON – Tony Blair’s long-awaited memoir says the former British prime minister doesn’t regret the Iraq war – although he wept for the victims – and carries revelations about the politician’s alcohol use, his interactions with the queen and his testy relationship with his successor.
Tony Blair’s …. Original article on Gaea Times at  : Tony Blair’s memoir hits stores: Ex-leader says he cried for victims of Iraq war.

Orissa irrigation project gets initial forest clearance

NEW DELHI – The environment ministry has accorded initial forest clearance to the Brutanga irrigation project in Orissa, clearing the way for diversion of over 1,527 hectares of forest land across a tributary of Mahanadi river.

The project in Nayagarh district was given Stage I forest clearance by the forest advisory committee (FAC) at its meeting … Read : Orissa irrigation project gets initial forest clearance.

No butter cows in Detroit: Michigan ends summer without state fair for 1st time in 160 years

Tradition ends: No Michigan state fair this year

DETROIT – Rabbit breeder Rob Usakowski typically spends the week before Labor Day helping his daughters show their Jersey Woolies and Holland Lops at the Michigan State Fair.
This year, he and his family are home after Democratic Gov. Jennifer Granholm canceled the fair, saying debt-ridden Michigan could no …. Original article  : No butter cows in Detroit: Michigan ends summer without state fair for 1st time in 160 years.

Calif. lawmakers reject ban on plastic shopping bags, which critics say are major pollutant

Calif. rejects ban on plastic shopping bags

SACRAMENTO, Calif. – California lawmakers have rejected a bill seeking to ban plastic shopping bags after a contentious debate over whether the state was going too far in trying to regulate personal choice.
The Democratic bill, which failed late Tuesday, would have been the first statewide ban, although a few … Read more »»».

Race promoters reveal first details of Austin track to host revived US Grand Prix

Race promoters reveal 1st details of Austin track

AUSTIN, Texas – Promising a fast track with sight lines that will let spectators watch most of the race from wherever they sit, the promoter for the revival of the U.S. Grand Prix said the proposed course is 3.4 miles long with 20 turns and elevations up to … Read more »»».

Calif. lawmakers approve bills to prevent high salaries, pension scandals in state’s cities

Calif. passes bills responding to city pay scandal

SACRAMENTO, Calif. – California lawmakers have approved more bills to rein in excessive salaries and pensions of public employees.
Three bills passed their final legislative hurdle Tuesday in the Assembly and now head to Gov. Arnold Schwarzenegger.
One bill would cap salary figures used to determine pension benefits of city …. Original article on Gaea Times at  : Calif. lawmakers approve bills to prevent high salaries, pension scandals in state’s cities.

Now China launches ’super online banking’

BEIJING – China’s central bank has started a “super online banking system” that would allow customers to access any number of accounts through a single website.

The People’s Bank of China has started an “online payment inter-bank clearing system”, which supports real-time inter-bank transfers and inter-bank balance inquiries, China Daily reported.
The banking system links online … Read more : Now China launches ’super online banking’.

Tourism industry hopes for best as tar invades Goa beaches

PANAJI – The tourism industry in Goa has its fingers crossed for the forthcoming season as wave after wave of messy tar balls have begun invading the state’s beaches, covering the coastline in semi-solid, smudgy layers of dark slime.

Travel and Tourism Association of Goa (TTAG) president Gaurish Dhond has appealed to the media to …. Source  : Gaea News Network.

Asian stocks advance amid strong Australian GDP, rise in Chinese manufacturing

Asia shares rise on China, Australia economic news

SEOUL, South Korea – Asian stock markets gained Wednesday after Australia’s economy expanded at its fastest pace in three years and Chinese manufacturing growth picked up for the first time in four months.
The two indicators are a break from a stream of weak economic readings from the U.S. …. Read the original article  : Asian stocks advance amid strong Australian GDP, rise in Chinese manufacturing.

China imposes 5-year anti-subsidy duties on US chicken amid trade spats with Washington

China imposes anti-subsidy duties on US chicken

BEIJING – China has imposed anti-subsidy duties for five years on imports of U.S. chicken products after concluding producers received improper support, the Commerce Ministry said Wednesday amid a string of trade spats with Washington.
Importers must pay tariff rates ranging from 4 percent to 30.3 percent on U.S. broiler … Original source on Gaea Times at : China imposes 5-year anti-subsidy duties on US chicken amid trade spats with Washington.

Retail data: Americans spent a bit more this August than last, but back-to-school numbers weak

Retail data: Americans still cautious in August

NEW YORK – Not even skinny jeans for $20 are pulling Americans into stores.
Nervous about jobs and an unraveling economy, shoppers spent – at best – only slightly more this August than last, according to data released Wednesday by MasterCard’s SpendingPulse.
The figures confirm a flurry of anecdotal evidence that … Read : Retail data: Americans spent a bit more this August than last, but back-to-school numbers weak.

Oil rises slightly to above $72 in Asia after big drop on signs US crude demand remains weak

Oil creeps above $72 after big fall on weak demand

SINGAPORE – Oil prices rose slightly to above $72 a barrel Wednesday in Asia after a steep drop the previous day amid evidence that U.S. crude supplies remain high and demand weak.
Benchmark crude for October delivery was up 34 cents to $72.26 a barrel at midday … Read the original article on Gaea Times at : Oil rises slightly to above $72 in Asia after big drop on signs US crude demand remains weak.