Slowdown in India’s foreign trade compounds economic woes
A sharp slowdown in India's foreign trade added to the woes of Asia's third-largest economy and piled more pressure on the weak coalition government to take steps to boost economic growth.
Gaddafi's son extradition postponed pending court ruling
The son of late Libyan ruler Muammar Gaddafi can stay in detention in Libya while the International Criminal Court decides if it has the jurisdiction to try him, the court ruled on Friday.
The ICC is
Citi cuts 2013 Brent crude oil price f'cast to $99/barrel
Citigroup Global Markets lowered its 2013 Brent crude oil price forecast by 17.5 per cent to $99 per barrel, saying accelerating shale oil production in the United States could reduce imports into the
More U.S. warships in Asia-Pacific under new strategy: Panetta
The United States will keep six aircraft carriers in the Asia-Pacific and move a majority of its other warships to the region in the coming years, Defence Secretary Leon Panetta said on Saturday as he
How Morgan Stanley sank to junk pricing
The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank's higher borrowing costs could already be putting it at a disadvantage even before an expected ratings
Templeton opposes Vedanta firms' merger plans: Report
Templeton Asset Management Ltd is trying to block a planned merger between Sesa Goa and Sterlite Industries, both of which are controlled by miner Vedanta Resources, the Economic Times newspaper repor
Ivanovic loses to Errani in French Open third round
Former champion Ana Ivanovic went out of the French Open on Friday, beaten 1-6 7-5 6-3 by Italian clay court specialist Sara Errani in an erratic third-round display.
Monsoon may hit Kerala coast after June 1
India's monsoon may not arrive on Friday due to a cyclonic pressure over the Arabian Sea but the annual rains are still expected to arrive nearly on time, weather officials said on Thursday.
The annu
Facebook makes a comeback, options volume soars
Facebook bounced back from record lows in frenetic trading on Thursday to finish in positive territory for the first time in four days, lifted in late trade by a US market rebound and a brokerage upgr
Government's austerity measures not enough, say analysts
The government announced a series of austerity steps on Thursday, including a 10 per cent cut in non-plan expenditure for fiscal 2013, which analysts said were not enough and would not have much impac