Oil rises above $83 as global stock markets extend rally, US dollar falls

Oil rises above $83 as equities gain, dollar drops

SINGAPORE – Oil prices rose above $83 a barrel Wednesday in Asia amid rising global stock markets and a weakening U.S. dollar.
Benchmark oil for November delivery was up 30 cents to $83.12 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile …. Original article  : Oil rises above $83 as global stock markets extend rally, US dollar falls.

World stocks rise with hopes that US Federal Reserve will loosen monetary policy

World stocks rise on hopes for Fed policy easing

BANGKOK – World stock markets rallied Wednesday, buoyed by growing expectations that the Federal Reserve will take steps to bolster the U.S. economy following the Bank of Japan’s surprise interest rate cut.
Oil prices went above $83 a barrel, and the dollar fell against the yen and the …. Original source  : World stocks rise with hopes that US Federal Reserve will loosen monetary policy.

Goa’s tourist security force stuck in a rut

PANAJI – It may be a while before Goa’s much-touted tourist security force (TSF) literally hits top gear as the patrol jeeps assigned to it do not have four-wheel drive, essential for cruising on the uneven and soft beach sand.

Tourism department officials said 15 patrol jeeps donated by a global tourism organisation for the …. Original source  : Goa’s tourist security force stuck in a rut.

Sand mining ban in Maharashtra threatens mega projects

MUMBAI – The building industry has expressed doubts over timely completion of several mega private and government infrastructure projects with billions of rupees investment, in the wake of a recent Bombay High Court order that has banned sand mining across the state.

The high court order of Sep 24 was given by a division bench … Read : Sand mining ban in Maharashtra threatens mega projects.

Qatar Airways declared official airline partner for Indian Business Leaders Summit and Golf Tournament

Mumbai, Oct. 6 (ANI-Business Wire India): Qatar Airways, one of the world’s finest five star airlines, today announced that it has been named the official airline for the premiere Indian Business Leaders Summit and Golf Tournament.

The summit and the tournament are scheduled to be held on November 11 and 12,2010, at the Oxford Golf … Read more »».

English soccer club Liverpool agrees to Red Sox takeover, pending settlement of board dispute

Liverpool board agrees on sale to Red Sox owners

LONDON – Liverpool’s board agreed to sell the English Premier League club to the owners of the Boston Red Sox on Wednesday, and also announced they will have to take legal action against the existing American owners to force the takeover.
Tom Hicks and George Gillett Jr. said … Read more : English soccer club Liverpool agrees to Red Sox takeover, pending settlement of board dispute.

Bhutanese currency in circulation along India-Bhutan border

GUWAHATI – The influx of Bhutanese currency along the Indo-Bhutan border in Assam is posing a serious threat to the local economy, as residents prefer it for their centuries-old cross-border trade.

Due to a lack of exchange offices in the border region, the Bhutanese pay in Ngultrum.

“I accept it because of compulsion. Here it is available … Original article on : Bhutanese currency in circulation along India-Bhutan border.

Shipping Corp, ITI scrips rise on stake sale, quota extension

MUMBAI – The scrips of state-owned companies Shipping Corporation of India (SCI) and ITI rose Wednesday after the government approved a stake sale in the shipping major and assured bulk orders for the telecom equipment manufacturer.

In an announcement late Tuesday, the Cabinet Committee on Economic Affairs (CCEA) approved a proposal for an issue of …. Source article  : Shipping Corp, ITI scrips rise on stake sale, quota extension.

Obama visit to highlight trade ties: US group

WASHINGTON – US President Barack Obama’s decision to start his first State Visit to India with an address to a major business summit in Mumbai highlights his priority to cultivating deeper commercial ties with India, says a leading trade advocacy group.

Arriving in India on Diwali night Nov 5, Obama will attend the Business and … Read more »»».

Etios Arriving In India Soon

DELHI, INDIA (GaeaTimes.com)- Toyota which is one of the leading car makers of the world is all set to unveil its much touted small car named Etios in Thailand and India in near future. The company also has similar plans for the markets in Brazil and China. It is going to be priced competitively …. Read the original article  : here.

Indian sugar isn’t substandard: Pakistani minister

ISLAMABAD – Sugar imported from India will be tested before its sale in Pakistan, said a minister who rejected the impression that Indian sugar was substandard.

Minister for Labour and Manpower Syed Khurshid Shah told the National Assembly Tuesday that pre-shipment inspection of sugar being imported from India had been conducted and it will be [..] Read the original article: here.

Military official says Taiwan to budget for upgrade of F-16 fighter jet fleet in 2012

Official: Taiwan to budget for 2012 F-16 upgrade

TAIPEI, Taiwan – Taiwan is allocating money for possible U.S. help to ugrade its fleet of F-16 fighter jets, a military spokesman said Wednesday, two days after a senior Taiwanese official warned that China’s threat against the island is growing.
Any American decision to improve Taiwan’s defensive capabilities would …. Original article  : Military official says Taiwan to budget for upgrade of F-16 fighter jet fleet in 2012.

Oil hovers below $83 in Asia after report shows US crude supply jump

Oil hovers below $83 after US crude supply jump

SINGAPORE – Oil prices hovered below $83 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly jumped last week, suggesting demand may be weaker than anticipated.
Benchmark oil for November delivery was down 14 cents to $82.68 a barrel at midday Singapore time in …. Read the original article  : here.

Toy Story 2010: Lower prices, higher tech

LOS ANGELES – That age old question of what to get a kid who has everything has finally been answered – and the good news is that it only costs $30.

That’s the price of the new toy from Mattel called Puppy Tweets, a device that sends Twitter messages from stay-at-home dogs to their owners …. Source  : Toy Story 2010: Lower prices, higher tech.

Biden tells Minn. crowd that he will ’strangle’ Republicans who complain about budget

Biden says he’ll ’strangle’ Republicans
DAYTON, Minn. – Vice President Joe Biden has told Democrats at a Minnesota fundraiser that he’ll “strangle” members of the GOP who complain about the federal budget.

According to a pool report from Tuesday’s event in Dayton, Biden was telling the crowd that Democrats know how to balance the budget. He said, …. Source  : Gaea News Network.

Americans spend slightly more in September, holiday forecasts mildly positive

Retail data: September sales edge up
NEW YORK – Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.

Erratic weather and tepid economic news dampened sales, according to data released Wednesday by MasterCard Advisors’ SpendingPulse, which includes transactions in all forms including cash.
But pockets of growth during the five weeks …. Source article  : Americans spend slightly more in September, holiday forecasts mildly positive.

Jaguar with sensational electric super car at Paris Show

PARIS – Jaguar caused a sensation at the Paris Motor Show by presenting the concept study of a “breathtaking” electrically powered super car with a quartet of electric engines providing an output of 780 horsepower and a top speed of 330 km/h.

Combined with a sleek aluminum body in jetstream silver, aerodynamic efficiency has been … Original article on : Jaguar with sensational electric super car at Paris Show.

Austria gives Bhutan $8 mn for electrification

VIENNA – Austria has provided a $7.92 million (5.8 million euro) credit to Bhutan for electrification of its villages, the Austrian foreign ministry has said.

The loan can help over 1,000 households in 11 Bhutan villages at an elevation of over 3,000 metres to set up an electric circuit.
With support from Austria, by the …. Source article on Gaea Times at  : Austria gives Bhutan $8 mn for electrification.

Money Market Operations as on October 05, 2010

…. Source article  : Money Market Operations as on October 05, 2010.

Asian stocks rise with hopes that US Federal Reserve will loosen monetary policy

Asian stocks rise on hopes for Fed policy easing

BANGKOK – Asian stock markets rallied Wednesday, buoyed by growing expectations that the Federal Reserve will take steps to bolster the U.S. economy following the Bank of Japan’s surprise interest rate cut.
Oil prices hovered below $83 a barrel after a report showed U.S. crude supplies unexpectedly jumped … Read more : Asian stocks rise with hopes that US Federal Reserve will loosen monetary policy.