Friday, October 08, 2010

Business News – Newsletter for October 8, 2010

Friday, October 8, 2010


Hero Honda launches special CWG limited edition bike

NEW DELHI – Two-wheeler major Hero Honda Friday launched Passion Pro Commonwealth Games limited edition motorcycle costing Rs.46,300 (ex-showroom Delhi).

We are confident that the bike will be a craze amongst the sports-loving youth owing to its design, looks and irresistible features, Hero Honda Motors senior vice president (marketing and sales) Anil Dua said.
… Read more : Hero Honda launches special CWG limited edition bike.

JSW crude steel production rises 8 percent in H1 FY11

NEW DELHI – India’s third largest steel maker JSW Steel Friday reported a 8 percent growth in crude steel production in the first half of fiscal 2010-11 compared to the corresponding period last fiscal.

The company produced 3.14 million tonnes of crude steel in the first six months of the current fiscal.
Production of flat …. Source  : JSW crude steel production rises 8 percent in H1 FY11.

Chinese premier Wen says Beijing won’t block rare earth exports but wants ’sustainable’ use

Premier: China won’t block rare earth exports

SHANGHAI – China is not using its control over supplies of rare earth – exotic metals crucial in advanced manufacturing – as a diplomatic “bargaining chip,” state media quoted Premier Wen Jiabao as saying during a visit to Europe.
Recent reports that Beijing had temporarily suspended shipments to Japan of … Original source on Gaea Times at : Chinese premier Wen says Beijing won’t block rare earth exports but wants ’sustainable’ use.

World stock markets mostly lower ahead of US jobs report, strong yen drags Japan down

World stocks mostly down ahead of US jobs report

SINGAPORE – World stock markets were mostly lower Friday as investors pared bets ahead of a key U.S. jobs report later in the day and the yen traded at a 15-year high against the dollar.
The U.S., a major market for Asia’s exporters, likely added a net 75,000 … Read : World stock markets mostly lower ahead of US jobs report, strong yen drags Japan down.

SNAP 2010 launches student friendly platforms in new media

Pune, Oct.8 (ANI-Business Wire India): Education giant Symbiosis has taken the most accessible route to reach out to its students preparing for the exam. Known for taking up innovative methods to help students, Symbiosis has a page catering to SNAP aspirants on Facebook and Twitter. Apart from this they are also present with … Read : SNAP 2010 launches student friendly platforms in new media.

Food prices may soar due to global warming

LONDON – Large-scale crop failures are likely to become more common in the wake of climate change and lead to spiralling prices.

Rising temperatures could trigger events such as the wheat crisis in Russia this summer which pushed up food prices, researchers from the Universities of Leeds, Exter and the Met Office said.
Scientists warned … Read the original article on Gaea Times at : Food prices may soar due to global warming.

Encore, Inc. chooses Robosoft for secure distribution of Mac Games,Apps

New Udupi (Karnataka), Oct.8 (ANI-Business Wire India): Robosoft Technologies, a renowned developer of Mac, iPhone and iPad games and a leader in secure digital distribution of Mac video games, is proud to announce its strategic relationship with Encore, Inc. – the leading retail publisher for a complete range of personal productivity, utility, education and game …. Read the original article  : here.

Pacemakers for pooches: Implanted heart devices helping man’s best friend live a longer life

Pacemaker implants help pooches live longer lives

WEST LAFAYETTE, Ind. – The 8-year-old yellow Labrador lies obediently on the stainless steel exam table, tail wagging, as Dr. Henry Green monitors the dog’s heart rhythm – every beat of which is guided by a pacemaker implanted beneath the scruff of his neck.
Grommit, the beloved pet of a …. Read the original article  : Pacemakers for pooches: Implanted heart devices helping man’s best friend live a longer life.

NJ governor scraps decades-in-the-making NJ-NY railroad tunnel, citing escalating costs

NJ gov. scraps long-planned NJ-NY railroad tunnel

TRENTON, N.J. – Gov. Chris Christie justified his decision to scrap the state’s most ambitious public works project as a move to protect the long-range financial interests of New Jersey taxpayers.
Supporters of the New Jersey-to-Manhattan rail tunnel said the decision will have the exact opposite result.
U.S. Sen. Frank Lautenberg, … Read more >>.

German exports dip .4 percent on the month; up 26.8 pct on the year

German exports dip on the month
BERLIN – Official data show that German exports dipped .4 percent on the month in August, compared with the previous month, but were up 26.8 percent over the same month last year.

August was the second straight month the Federal Statistical Office reported a drop in exports, after months of growth. …. Source article  : German exports dip .4 percent on the month; up 26.8 pct on the year.

Nigeria calls for Indian assistance in ailing textile industry

ABUJA – Nigeria has sought Indian assistance to boost the country’s ailing textile industry.

“The areas of assistance are pretty obvious. We are proud of your textile industry and are committed to supporting cotton growing, cotton cultivation, and the application of cotton to textile industry and anything that is germane to textile industry,” Nigeria’s … Read the original article on Gaea Times at : Nigeria calls for Indian assistance in ailing textile industry.

Asian stock markets mostly lower ahead of US jobs report, strong yen drags Japan down

Asian stocks mostly down ahead of US jobs report

SINGAPORE – Asian stock markets were mostly lower Friday as investors pared bets ahead of a key U.S. jobs report later in the day and the yen traded at a 15-year high against the dollar.
The U.S., a major market for Asia’s exporters, likely added a net 75,000 …. Original article on Gaea Times at  : Asian stock markets mostly lower ahead of US jobs report, strong yen drags Japan down.

Israel buys 20 stealth bombers from US

NEW YORK/TEL AVIV – Israel has inked a deal with the US to buy 20 fighter jets for $2.75 billion, a media report said Friday.

The F-35 stealth fighters, made by Lockheed Martin Corp, are scheduled for delivery between 2015 and 2017, Ehud Shani, director general of the Israeli Ministry of Defence, was quoted …. Read the original article  : Israel buys 20 stealth bombers from US.

India’s Exim Bank gets $150 mn to push India-Africa trade

WASHINGTON – India’s Export-Import Bank has secured a $150 million international loan to help expand Indian exporters’ access to finance, including for small and medium enterprises, and support their exports to Africa.

IFC, a member of the World Bank Group, and the Bank of Tokyo-Mitsubishi UFJ, Ltd have each provided a medium-term trade-finance loan of …. Original source  : India’s Exim Bank gets $150 mn to push India-Africa trade.

Oil hovers below $82 in Asia as markets await key US employment report

Oil sits below $82 as markets await US jobs report

SINGAPORE – Oil prices hovered below $82 a barrel Friday in Asia as investors looked to a key monthly jobs report for clues about the strength of the U.S. economy.
Benchmark oil for November delivery was down 4 cents to $83.67 a barrel at midday Singapore time …. Source article  : Oil hovers below $82 in Asia as markets await key US employment report.

India has 20-70 million housing shortage

WASHINGTON – India has an estimated housing shortage ranging from 20 million to 70 million, yet as much as half of this excess demand can be profitably serviced by the housing and housing finance markets, says a new World Bank report.

High economic growth coupled with rapid urbanisation and a rising middle class have created …. Read the original article  : India has 20-70 million housing shortage.

Google Voice: The next killer app?

WASHINGTON – Google releases so many products – most of them free – that it’s easy to overlook one that’s really special. Google Voice qualifies.

Thanks to its features and competitive potential, Google’s relatively new service has been quietly sending tremors throughout the telephony industry.
And Google Voice – a service that’s like a supercharged …. Original article  : Google Voice: The next killer app?.

Embraer says it’s still in talks on fate of China aircraft factory

Embraer says still mulling China factory status

SHANGHAI – Brazilian aircraft maker Embraer said Friday it is still discussing plans for its aircraft factory in northern China, denying reports it will close the plant.
Brazil’s Estado news agency, citing Embraer’s vice president of commercial aviation, Paulo Cesar de Souza e Silva, said the company planned to shut …. Read the original article  : Embraer says it’s still in talks on fate of China aircraft factory.

Japanese Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths

Japanese Cabinet OKs $61 billion economic stimulus

TOKYO – Japan’s Cabinet on Friday approved 5.05 trillion yen ($61 billion) in new economic stimulus, the latest in a string of measures to shore up the country’s lethargic economy that has been battered by a surging yen.
The plan also called for funding to secure rare earths needed for … Read this article on Gaea Times at : Japanese Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths.

Shanghai imposes one-home limit on families, moving to further cool property sector

To cool property deals, Shanghai sets 1 home limit

SHANGHAI – Authorities in China’s largest city have ordered that families be allowed to only purchase one home each, part of a series of moves aimed at cooling surging property prices.
“One family in Shanghai, whether local or migrant, can only buy one new home, including a secondhand …. Source  : Gaea News Network.

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