India Gazette
IndiaGazette.com Thursday 2nd September 2010 Issue 0245/2010
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Asian Stocks Advance on U.S. Home Sales, Falling Jobless Claims
Sept. 3 (Bloomberg) -- Asian stocks rose for a third day after U.S. reports showed an unexpected increase in pending home sales, a decline in initial jobless claims and improved retail...


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Bankers, retailers seek fee cut in debit card processing
MUMBAI: Debit card acceptance could see explosive growth if RBI accepts a recommendation that banks cut fees for debit card payments in the same manner that fees are withdrawn for bank customers...
NHB, Cibil to set up central registry of mortgaged houses
MUMBAI: Home loan frauds are expected to drop sharply with the National Housing Bank and the Credit Information Bureau of India joining hands to set up a central registry of mortgaged houses. The ...
Nikkei likely to edge higher, eyes on jobs data
TOKYO, Sept 3 (Reuters) - Japan's Nikkei average is likely to edge higher on Friday, extending two previous days of gains, after U.S. data showed improvement in housing and the job market, further...
White House: No second stimulus being considered
WASHINGTON (Reuters) - The White House stressed on Thursday that no second economic stimulus package is being considered as part of new measures under review by President Barack Obama's...
Positive Start Expected For Japan Stocks
(RTTNews) - A modestly positive open is expected for the Tokyo stock market on Friday. Traders get another positive lead from Wall Street, which saw its 2nd straight session of gains ahead of...
EPA to issue more rules in climate fight
WASHINGTON (Reuters) - The Environmental Protection Agency will roll out more regulations on greenhouse gases and other pollution to help fight climate change, but they will not be as strong as...
U.S. to start NATO talks on Afghan transition: Petraeus
Sergeant Tyrone Jordan (R) and Sergeant Jay Kenney give first aid to a wounded Afghan army soldier onboard a medevac UH-60A Black Hawk helicopter from the 101st Airborne division, Task Force Destiny...
Elizabeth Warren schedule shift fuels talk on U.S. consumer job
Congressional Oversight Panel Chair Elizabeth Warren questions Assistant Treasury Secretary for Financial Stability Herbert Allison on the government's assistance to Citigroup during a hearing in...
U.S. sues Arizona sheriff in immigration probe
WASHINGTON (Reuters) - The U.S. Justice Department on Thursday sued an Arizona sheriff for refusing to cooperate with its investigation into allegations the sheriff discriminates against Hispanics in...
U.S. dollar falls lower on profit taking in Asian markets
The U.S. dollar fell from earlier gains against the in Asia yesterday on profit taking, as dealers awaited the release of key U.S. jobs data to gauge the pace of recovery in the world's top...
U.S. manufacturing data sends Asian markets higher
Forecast-busting manufacturing data in the United States boosted Asian stocks yesterday, with the figures easing concerns over the state of the world's biggest economy.The news came a day after two...
US output eases concerns, sends Asia markets higher
HONG KONG -- Forecast-busting manufacturing data in the United States boosted Asian stocks Thursday, with the figures easing concerns over the state of the world's biggest...
Bajaj Finserv enters infra finance
MUMBAI: Bajaj FinServ, the financial services arm of the Bajaj Group, on Thursday announced its entry into the infrastructure finance sector and appointed Anand K Gore as its chief executive. ...
Mariner Energy facility on fire in Gulf
HOUSTON (Reuters) - An oil and gas facility owned by Mariner Energy Inc off the coast of Louisiana was on fire Thursday, and the U.S. Coast Guard said it was working to rescue 13...
Burger King agrees to be sold for $3.26 billion
LOS ANGELES/NEW YORK (Reuters) - Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would...
Putin says no grain exports before 2011 harvest
MOSCOW/SARATOV, Russia (Reuters) - Russia abruptly signaled Thursday it would extend a grain export ban until late 2011 and ordered authorities to prevent speculators driving up food prices after the...
Positive U.S., China data perks up market
Korean stocks finished 0.63 percent higher yesterday as firmer-than-expected production data in the U.S. and China eased global recovery concerns, analysts said. The local currency rose against the...
Nikkei advances 1.52% on strong U.S. manufacturing data
Tokyo stocks extended gains for a second straight day, with the key Nikkei stock index gaining 1.52 percent as better-than-expected U.S. manufacturing data eased fears about the pace of the global...
Flood-hit Pakistanis and Afghans may cross to Iran: UNHCR
ISLAMABAD (Reuters) - Dismal conditions in flood-hit areas in southwest Pakistan could force thousands of Pakistanis and Afghan refugees to cross the border into Iran, the U.N. refugee agency warned...
Afghan leader condemns air strike as Gates arrives
KABUL (Reuters) - Afghan President Hamid Karzai strongly condemned an air strike by NATO-led forces which he said killed 10 campaign workers for this month's election, a sour note as U.S. Defense...
UK foreign secretary's aide quits over gay rumors
Britain's Foreign Secretary William Hague listens to a question during a news conference with his German counterpart Guido Westerwelle at the Foreign and Commonwealth Office in London September 2,...
Asian Markets Extend Gains On Wall Street Cues
(RTTNews) - Asian markets ended Thursday's trading session in positive territory lifted by smart rally in the US after manufacturing survey came in better than expected, soothing the nerves of...
Tokyo, Shanghai pace Asian gains; Nikkei up 1.5%
HONG KONG (MarketWatch) -- Asian stock markets ended higher Thursday, though regional gains were tempered by caution ahead of Friday's non-farm payrolls data. In China, Ping An Insurance Group...
Apple TV a first step for more ambitious plans?
Apple Chief Executive Steve Jobs speaks on stage showing the size difference of the redesigned Apple TV box at Apple's music-themed September media event in San Francisco, California September 1,...
Ranting Roddick ousted early by Tipsarevic at U.S. Open
Andy Roddick of the U.S. reacts to a call in the fourth set of his match against Janko Tipsarevic of Serbia during the U.S. Open tennis tournament in New York September 1,...
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...
Asian stock markets cheer Wall Street gains; 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...
Asian Stocks Rise to Two-Week High on U.S. Manufacturing Report
Sept. 2 (Bloomberg) -- Asian stocks rose, lifting the MSCI Asia-Pacific Index to a two-week high, as faster-than-estimated growth in U.S. manufacturing supported confidence in global economic...
Japanese Stocks Advance for Second Day on U.S. Factory Report
Sept. 2 (Bloomberg) -- Japanese stocks rose for a second day as faster-than-estimated growth in U.S. manufacturing boosted confidence in a global economic...
Asia Markets: Ping An soars on Shenzhen bank acquistion plan
An earlier version of this report had an incorrect currency conversion for the value of Ping An's deal for SDB. The report has been...
NATO checks claim air strike kills 6 Afghan campaigners
TALOOQAN, Afghanistan (Reuters) - An apparent air strike by foreign forces killed six election campaign workers in Afghanistan's north on Thursday, a government spokesman said, and NATO-led forces...
U.S. charges Pakistani Taliban leader in CIA killings
WASHINGTON (Reuters) - U.S. prosecutors have charged the leader of the Pakistani Taliban, Hakimullah Mehsud, in the plot that killed seven CIA employees at an American base in Afghanistan last...
China stocks close higher Friday
/enpproperty--> BEIJING - Chinese stocks kept Thursday's upward move to close higher Friday, buoyed by the strong performance of oil giants and Xinjiang-related...
Asian markets gain, following Wall Street's rally; Euro and Pound bounce up
Forex: EUR/USD bounces at 1.2780 and returns above 1.2800 FXstreet.com (Barcelona) - Asian markets are going through gains on Thursday, on higher risk appetite after upbeat manufacturing data...
Nikkei up 1.5 pct, climbs further above 16-mth low
TOKYO, Sept 2 (Reuters) - Japan's Nikkei average rose 1.5 percent on Thursday, moving further away from a 16-month low touched the previous day, after U.S. and Chinese manufacturing data eased...
Nikkei up 1.22% in morning trading
Tokyo stocks rose sharply Thursday morning with the key Nikkei index up 1.22 percent.At 11 a.m., the benchmark Nikkei 225 Average gained 108.70 points from Wednesday to 9,035.72.The broader Topix...
Japan’s Topix to Rise on More Yen Curbs, Nomura Says
Sept. 2 (Bloomberg) -- Japan’s Topix index may advance 11 percent by the end of 2010 as policy makers step up efforts to restrain a rising yen and the U.S. economy recovers, according to Nomura...
Japanese Stocks Rise for Second Day on U.S. Factory Output
Sept. 2 (Bloomberg) -- Japanese stocks rose for a second day as faster-than-estimated growth in U.S. manufacturing boosted confidence in a global economic...
Asian markets buoyed by positive sentiment
KUALA LUMPUR: Asian markets ended Thursday morning trade in the black, buoyed by positive sentiment on the sustainability of the global economic recovery. At the 12.30pm break, the FBM KLCI was up...
Asian Markets End In Positive Territory
(RTTNews) - Asian markets ended Wednesday's trading session in positive territory following buoyant GDP numbers for the second quarter from Australia and slight improvement in China's manufacturing...
Asian Markets Mostly Up With Notable Gains
(RTTNews) - Tracking cues from Wall Street, where stocks rallied sharply overnight on the back of a pickup in U.S. manufacturing activity, Asian stock markets are mostly trading firm on Thursday....
China digs for ways to stymie BHP's Potash Corp bid
PotashCorp mill general superintendent Trevor Berg holds a handful of chicklet potash at a potash holding centre at the Cory mine facilities near Saskatoon, August 19,...
Blasts kill 20 in Pakistan's Lahore, 170 hurt
A policeman removes his motorcycle from the scene as angry protesters burn a vehicle during reaction over after bomb attack during a Shi'ite Muslim procession in Lahore, September 1,...
Asian markets mirror US, gain in early trades
Asian markets are in the green this morning, mirroring gains in US markets. Positive cues came as US manufacturing data calmed worries about the global economy. The Hang Seng has jumped 1.2% at...
Asian shares rise after big gains on Wall Street
TOKYO – Asian stock markets advanced in early trading Thursday, after Wall Street soared on encouraging manufacturing data. Japan's Nikkei 225 stock average jumped 1.2 percent to 9,027.88 as...
Nikkei up 1.2 pct, climbs further above 16-mth low
TOKYO, Sept 2 (Reuters) - Japan's Nikkei average rose 1.2 percent on Thursday, moving further away from a 16-month low touched the previous day, after U.S. and Chinese manufacturing data eased...