McCourt has troubles remembering details surrounding Dodgers purchase, postnuptial agreement

McCourt’s memory fuzzy at divorce trial
LOS ANGELES – Frank McCourt had trouble recalling some details involving his purchase of a professional baseball team, but he was certain of one thing: he’s the sole owner.

On Wednesday, the 57-year-old Los Angeles Dodgers executive couldn’t recall at his divorce trial if he had reviewed a business plan submitted … Read the original article on Gaea Times at : McCourt has troubles remembering details surrounding Dodgers purchase, postnuptial agreement.

Boxer, Fiorina attack record in Congress, HP in first California US Senate debate

Economy tops 1st Boxer, Fiorina Senate debate

MORAGA, Calif. – After a summer of firing campaign shots from afar, Democratic Sen. Barbara Boxer and Republican challenger Carly Fiorina met on the same stage for the first time Wednesday over who best represents California’s economic interests for the next six years.
During the hourlong debate in which both … Read : Boxer, Fiorina attack record in Congress, HP in first California US Senate debate.

Asian stock markets cheer Wall Street gains, encouraging US manufacturing data; Europe falls

Asia stocks gain on brighter US data, Europe falls

SEOUL, South Korea – Asian stock markets rose Thursday as investors hungry for good news seized on stronger U.S. manufacturing as a sign the world economy isn’t slowing as much as feared. European shares opened lower.
The second day of gains in Asia follows a month of heavy [..] Read the original article: here.

Alaska loses long-held Senate seniority that brought billions of dollars to state

Senate upset erases Alaska seniority
ANCHORAGE, Alaska – The defeat of Republican U.S. Sen. Lisa Murkowski by an upstart fiscal conservative in Alaska’s GOP primary could mark a significant shift for a state that has so long relied on federal pork to survive. The outcome was also an unexpected blow to the seniority Alaska …. Source article  : Alaska loses long-held Senate seniority that brought billions of dollars to state.

LIC Pension Plus Plan Unveiled

DELHI, INDIA (GaeaTimes.com)- The biggest state owned insurance company of India LIC has unveiled its plan to come up with a new unit-linked pension scheme that includes a lowest guaranteed return equaling 4.5 percent. The company has named the new plan Pension Plus. T S Ramakrishnan the Senior Divisional Manager of the Delhi zone …. Source article on Gaea Times at  : LIC Pension Plus Plan Unveiled.

Famous Hyderabadi Haleem set to get GI tag

HYDERABAD – Hyderabad is famous for the Charminar, Salarjung Museum, Biryani and IT companies — and the Hyderabadi Haleem is now all set to join the vaunted list.

The famous and nutritious dish available here during the Muslim holy month of Ramadan will soon get the Hyderabadi tag akin to Darjeeling Tea, Banarasi Silk and Tirupati … Read this article on Gaea Times at : Famous Hyderabadi Haleem set to get GI tag.

Thai Indian entrepreneur’s wealth soars by 252 percent

SINGAPORE – The ongoing political turmoil in Thailand has apparently not prevented the kingdom’s richest people from getting richer.The biggest gainer in percentage terms is longtime Thai Indian resident Aloke Lohia. His wealth soared by 252 percent when he …. Read the original article  : Thai Indian entrepreneur’s wealth soars by 252 percent.

India in second place in Forbes Asia’s “Best Under A Billion” list

SINGAPORE – Indian animated movie maker Compact Disc India and software company Micro Technologies continue to members of Forbes Asia’s “Best Under A Billion” list, even as 151 new companies have made their maiden appearance on the list this year.

This year, China and Hong … Read the original article on Gaea Times at : India in second place in Forbes Asia’s “Best Under A Billion” list.

IndiaFirst Life to expand distribution reach

CHENNAI – IndiaFirst Life Insurance, a three-way joint venture of Andhra Bank, Bank of Baroda and British financial institution Legal and General, will open 12 new branches to sell its insurance plans.

“We have been selling policies only through the branches of our promoter banks – Bank of Baroda and Andhra Bank. We will be …. Source article  : IndiaFirst Life to expand distribution reach.

Oil hovers below $74 in Asia as stocks rally amid encouraging global economic data

Oil hovers below $74 as Asian stocks gain
SINGAPORE – Oil prices hovered below $74 a barrel Thursday in Asia, consolidating a big gain the day before as an Asian and U.S. stock market rally buoyed investor confidence.

Benchmark crude for October delivery was down 4 cents to $73.87 a barrel at late afternoon Singapore time in …. Original source  : Oil hovers below $74 in Asia as stocks rally amid encouraging global economic data.

Swiss economy grew 0.9 percent in second quarter; domestic demand made up for export slump

Swiss economy grew 0.9 percent in second quarter

GENEVA – Official figures show that Switzerland’s economy grew by 0.9 percent in the second quarter compared with the first three months of the year, largely on the back of higher domestic demand and corporate investments.
The State Secretariat for Economic Affairs says Switzerland’s gross domestic product was 3.4 … Read more : Swiss economy grew 0.9 percent in second quarter; domestic demand made up for export slump.

Swedish Riksbank hikes key interest rate to 0.75 percent and raises 2010 growth forecast

Swedish Riksbank hikes interest rate to 0.75 pct

STOCKHOLM – The Swedish central bank has raised its key interest rate by a quarter of a percentage point to 0.75 percent, citing the pickup in exports and an improved labor market.
The Riksbank on Thursday said the rapid increase in world trade has boosted Swedish exports and investments, [..] Read the original article: here.

ECB set to leave interest rates on hold, but may raise economic projections

ECB may raise projections, but not rates
BERLIN – The European Central Bank is set to leave interest rates untouched at 1 percent as it meets Thursday amid a still-uncertain global economic outlook, but may raise its 2010 growth projection for the eurozone.

Since the ECB last considered rates, data have shown that the 16-nation euro area’s … Original source on Gaea Times at : ECB set to leave interest rates on hold, but may raise economic projections.

Vedanta taps Gujarat for bauxite for Orissa refinery

BHUBANESWAR – Anil Agarwal-led Vedanta Resources has begun talks with the Gujarat government to ensure long-term supply of bauxite for its refinery in Orissa’s Kalahandi district after its mining project in the Niyamgiri hills was refused permission by the central government on environmental grounds.

Mukesh Kumar, chief operating officer of Vedanta Aluminium Ltd, said the company …. Source  : Vedanta taps Gujarat for bauxite for Orissa refinery.

No government plans to revive vaccine units, says MPs panel

SHIMLA – The central government has no roadmap to revive the three state-run vaccine producing plants in the country, shut in January 2008, a parliamentary panel has concluded.

In its report tabled in the Lok Sabha during its monsoon session last month, the panel said the sequence of events since the licences of the three units …. Source  : No government plans to revive vaccine units, says MPs panel.

India will pay 3.8 percent on all FMS deals with US

WASHINGTON – India would be paying 3.8 percent as an administrative fee for all military hardware and systems acquired from the United States under its Foreign Military Sales (FMS) programme.

This fee is actually the same for every country for all FMS deals, effective from August 2006, and is charged to facilitate discussions with US arms …. Source article  : India will pay 3.8 percent on all FMS deals with US.

Polish PM to woo Indian business during state visit

WARSAW – Polish Prime Minister Donald Tusk will woo Indian business during his three-day state visit to India that starts Sep 6 as the country “is a role model not only for Poland but for the European Union”, a former ambassador said.

This will be the first official visit of a non-Communist Polish prime minister to … Read this article on Gaea Times at : Polish PM to woo Indian business during state visit.

Gazprom’s Q1 profits triple to $10.6 bln on strong winter sales

Gazprom’s Q1 profits triple to $10.6 bln
MOSCOW – Russia’s gas giant Gazprom said Thursday its net profit tripled to 324.9 billion rubles ($10.6 billion) in the first quarter of the year as the company capitalized on a cold winter in Europe.

The company said in a statement its profit rose to 324.9 billion rubles from 103.7 …. Source article on Gaea Times at  : Gazprom’s Q1 profits triple to $10.6 bln on strong winter sales.

Sensex quiet in afternoon trade, Asian cues strong

MUMBAI – A benchmark index for Indian equities Thursday was ruling lacklustre in afternoon trade, though broader markets saw greater buying activity.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,215.28 points, was trading at 18,231.64 points, 25.77 points or 0.14 percent up from its previous close at … Read more >>>.

Pernod Ricard says Chinese demand for Martell cognac helped lift full year net profit

Chinese demand helps lift Pernod Ricard profits

PARIS – Pernod Ricard SA said Thursday that demand for Martell cognac in China and Chivas Regal scotch in Latin America helped lift full year net profit by 1 percent.
The Paris-based company, known for its anise-flavored aperitifs as well as Beefeater gin and recently acquired Absolut vodka, reported net …. Source  : Pernod Ricard says Chinese demand for Martell cognac helped lift full year net profit.