Oil hovers above $81 in Asia as traders look for new catalyst to extend rally

Oil hovers above $81 amid mixed stock markets

SINGAPORE – Oil prices hovered above $81 a barrel Tuesday in Asia as traders looked for a new catalyst to extend last week’s rally amid mixed regional stock markets.
Benchmark oil for November delivery was up 14 cents to $81.59 a barrel at late afternoon Singapore time in electronic … Read more : Oil hovers above $81 in Asia as traders look for new catalyst to extend rally.

Eurozone leaders urge China to let currency strengthen to help boost global growth

Europe calls on China to let currency appreciate

BRUSSELS – The 16 nations that use the euro are urging China to let the value of its currency rise to help stimulate global economic growth.
Jean-Claude Juncker of Luxembourg, the head of the 16 EU nations that use the euro, wants to see a “broad-based appreciation” of the … Original article on : Eurozone leaders urge China to let currency strengthen to help boost global growth.

Juicy Kinnaur apples hit market

SHIMLA – Famous for its natural sweetness, colour and succulence, apples from Himachal Pradesh’s Kinnaur district are selling well in markets in north India.

Gian Singh Chandel, chairman of the apple market committee at Dhalli near here, said the apples from Kinnaur are in good demand in Delhi, Chandigarh, Punjab and Haryana, and are fetching …. Source article  : Juicy Kinnaur apples hit market.

Supreme Court set to hear privacy case on NASA’s background checks

Supreme Court set to hear NASA privacy case

WASHINGTON – How much information is too much when it comes to security at a government installation in a post-9/11 world?
The Supreme Court will tackle that question Tuesday when it hears arguments over whether the government went too far in investigating workers at the NASA Jet Propulsion Laboratory …. Source  : Supreme Court set to hear privacy case on NASA’s background checks.

Moody’s warns it may cut Ireland’s debt rating amid worries over financial health, growth

Moody’s warns it may downgrade Ireland’s debt

LONDON – A leading credit rating agency warned Tuesday that it may cut Ireland’s government debt rating amid mounting worries over the country’s economic outlook following another bailout of the banking sector last week.
Moody’s Investor Services said it has put the country’s Aa2 rating on review for possible downgrade … Read : Moody’s warns it may cut Ireland’s debt rating amid worries over financial health, growth.

Egyptian newspaper says its mogul publisher has sacked daily’s editor critical of government

Paper: Egyptian publisher sacks dissident editor

CAIRO – Egypt’s leading independent newspaper says its mogul publisher has fired the daily’s chief editor, known as an outspoken government critic.
The development comes amid growing uncertainty over Egypt’s political future, reports of an intensifying media crackdown and constant speculation about 82-year-old President Hosni Mubarak’s health.
Al-Dostor reported on its website …. Source article on Gaea Times at  : Egyptian newspaper says its mogul publisher has sacked daily’s editor critical of government.

Jamaica media seek libel law reform, saying big damages, cost of litigation hurt press freedom

Jamaica media push for libel law reform
KINGSTON, Jamaica – Media organizations are pushing parliament to overhaul Jamaica’s libel law, complaining that the difficulty and cost of fighting off lawsuits, coupled with the risk of huge judgments, are stifling the press and harming freedom of expression.

In editorials, phone calls to lawmakers and even speeches before Parliament, …. Source  : Jamaica media seek libel law reform, saying big damages, cost of litigation hurt press freedom.

Sensex choppy, broader markets gain

MUMBAI – A benchmark index of Indian equities Tuesday was trading volatile, although broader markets showed buying interest. Asian markets too were choppy.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,461.98 points, was ruling flat at 20,468.91 points, down 6.82 points or 0.03 percent from its previous close …. Source  : Sensex choppy, broader markets gain.

Supreme Court to hear privacy case on NASA’s background checks

Supreme Court to hear NASA privacy case on Tuesday

WASHINGTON – How much information is too much when it comes to security at a government installation in a post-9/11 world?
The Supreme Court will tackle that question Tuesday when it hears arguments over whether the government went too far in investigating workers at the NASA Jet Propulsion …. Source  : Supreme Court to hear privacy case on NASA’s background checks.

Google TV announces content partners for rollout

WASHINGTON – Google is teaming up big-name brands like HBO, Netflix, Pandora and the NBA for the expected rollout of Google TV, the web giant’s “multimillion-channel TV” system some time soon.

Run by Google’s Android operating system, it will let users view all kinds of Web content on their televisions, Google said Monday announcing the …. Read the original article  : Google TV announces content partners for rollout.

Bank of Japan to adopt zero-interest policy

TOKYO – The Bank of Japan decided Tuesday to lower its key interest rate to between zero and 0.1 percent to address the yen’s rise and the country’s slowing economy, the bank announced after a two-day policy meeting.

The central bank, which described the decision as “comprehensive monetary easing”, also said it would establish a … Read more : Bank of Japan to adopt zero-interest policy.

Indian miracle will help outpace Chinese economy: Economist

WASHINGTON – India may have a long way to go before becoming as rich as China but its economy will soon start growing faster, thanks to a young workforce and a brand of capitalism that outweighs its much derided democracy, says The Economist.

“Despite the headlines, India is doing rather well. Its economy is expected …. Source  : Indian miracle will help outpace Chinese economy: Economist.

Asian shares were mostly lower, but Nikkei up after Japan cuts interest rate

Asian shares mostly lower; Japan up after rate cut

BANGKOK – Weak U.S. economic indicators sent most Asian stock markets lower Tuesday but Japanese shares climbed after the central bank cut its key interest rate to effectively zero.
Oil prices held above $81 a barrel as traders looked for a new catalyst to extend last week’s rally … Read this article on Gaea Times at : Asian shares were mostly lower, but Nikkei up after Japan cuts interest rate.

Microsoft to launch Windows Phone 7 next week

WASHINGTON – Microsoft is set to launch its first line of Windows Phone 7 products next week and announce which carriers and manufacturers will be making and selling handsets based on its next mobile operating system.

It’s evident that AT&T is on board as one of the carriers as Microsoft CEO Steve Ballmer and AT&T … Read more : Microsoft to launch Windows Phone 7 next week.

Now, non-stick chewing gum to keep streets clean

LONDON – A non-stick chewing gum that dissolves within 24 hours has been formulated by British scientists, a media report said Tuesday.

Rev7, which went on sale Monday, has the same taste and texture as normal gum, but is water soluble, Daily Mail reported on its website.
It can be removed easily from clothes using … Original article on : Now, non-stick chewing gum to keep streets clean.

Oil drops slightly to near $81 in Asia as traders look for new catalyst to extend rally

Oil drops slightly to near $81 as rally cools

SINGAPORE – Oil prices dropped slightly to near $81 a barrel Tuesday in Asia as traders looked for a new catalyst to extend last week’s rally amid mixed lower regional stock markets.
Benchmark oil for November delivery was down 18 cents to $81.29 a barrel at midday Singapore …. Read the original article  : here.

India will soon start to outpace China: Economist

WASHINGTON – India will soon start to outpace China, thanks to a young and growing workforce and its “much-derided democracy” says The Economist.

The cover story on “How India’s growth will outpace China’s” in its latest issue attributes “India’s surprising economic miracle” largely to its private sector saying, “the country’s state may be weak, but …. Original article  : India will soon start to outpace China: Economist.

Japan’s central bank cuts key interest rate to range of zero to 0.1 percent

Japan’s central bank cuts key rate to around zero

TOKYO – Japan’s central bank cut its key interest rate to virtually zero Tuesday and said it may set up a $60 billion fund to buy government bonds and other assets in a surprise move to inject life into a faltering economy.
In a unanimous vote, the Bank …. Source  : Gaea News Network.

Tweet this: Twitter gets new chief executive

SAN FRANCISCO – An unexpected executive appointment got the internet all atwitter Monday.

Evan Williams, co-founder of hit microblogging site Twitter, said he was stepping aside to concentrate on product strategy, while chief operating officer Dick Costollo, 47, would take the reigns of the company as it tries to monetize its huge internet following.
Williams … Read more >>>.

CAPITAL CULTURE: Conspiracy theories abound as to what’s behind noisy drilling at White House

CAPITAL CULTURE: Why all the White House drilling?

WASHINGTON – Forget about the midterm elections and speculation about West Wing personnel shake-ups. The big question being asked around the White House is, what’s that noisy construction really all about?
The drilling, clanging and banging are tearing up parts of the front lawn of the White House, obstructing …. Read the original article  : CAPITAL CULTURE: Conspiracy theories abound as to what’s behind noisy drilling at White House.