Rajat Gupta gets two years in prison for insider trading

Published : 12:01 am  October 26, 2012  |  Category: International  |  Leave a Comment  |  342 views  |  
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Reuters: Disgraced Wall Street titan and philanthropist Rajat Gupta was sentenced to two years in prison on Wednesday, a much lighter sentence than U.S. prosecutors had demanded, by a judge who called his insider trading crimes “disgusting” and “a terrible breach of trust”.  Read More →


Fed sticks to stimulus plan, says economy a bit firmer

Published : 12:01 am  October 26, 2012  |  Category: International  |  Leave a Comment  |  256 views  |  
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Reuters: The Federal Reserve on Wednesday stuck to its plan to keep stimulating U.S. growth until the job market improves even as it acknowledged some parts of the economy were looking a bit better.  Read More →


Olympics help Britain leap out of recession

Published : 12:01 am  October 26, 2012  |  Category: International  |  Leave a Comment  |  387 views  |  
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LONDON,(Reuters): Olympics spending fuelled Britain’s strongest quarterly growth in five years, springboarding the country out of recession in the third quarter, data showed on Thursday  Read More →


Encouraging China PMI halts slide in Asian shares

Published : 12:00 am  October 25, 2012  |  Category: International  |  Leave a Comment  |  273 views  |  

Reuters: Data suggesting a gathering economic recovery in China helped trim declines in Asian shares on Wednesday, though investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.  Read More →


Cairn reduces India’s oil import bill by $ 1.8 b

Published : 12:00 am  October 25, 2012  |  Category: International  |  1 Comment  |  1 views  |  
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The exploration and production activities of crude oil by Cairn India, the parent company of Cairn Lanka which is currently exploring oil and gas in the Mannar basin, has helped increase the Government of India’s earnings by US$ 800 million. The company has been successful in reducing the country’s oil import bill by US$ 1.8 billion.  Read More →


Buffett says global economy slowing, wants more deals

Published : 12:00 am  October 25, 2012  |  Category: International  |  Leave a Comment  |  288 views  |  
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REUTERS – Warren Buffett sees clear signs that the global economy is slowing, although the U.S. economy is “inching ahead” as other regions decline, the Berkshire Hathaway chief executive officer said on Wednesday.  Read More →


Asian shares inch down as earnings caution weighs

Published : 12:03 am  October 24, 2012  |  Category: International  |  Leave a Comment  |  275 views  |  
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Reuters: Asian shares inched down on caution over the region’s new corporate reporting season, after global shares faltered overnight on weak earning reports and outlook. The MSCI index of Asia-Pacific shares outside Japan shed earlier gains on Tuesday to ease 0.1%, dragged down by a 0.4% decline in South Korean shares. But a 0.1% gain in Australian shares helped partially offset the downward pressure.  Read More →


US Defence Chief calls cyberspace battlefront of the future

Published : 12:02 am  October 24, 2012  |  Category: International  |  Leave a Comment  |  295 views  |  
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Reuters: Cyberspace is the battlefield of the future, with attackers already going after banks and other financial institutions and developing the ability to strike U.S. power grids and government systems, Defense Secretary Leon Panetta said on Friday. “We confront a whole new threat of warfare in (cyberspace). … This is an area we’ve got to pay close attention to. This is the battlefront of the future,” he told a business group in Norfolk, Virginia, a city at the center of one of the largest concentrations of military power in the United States.  Read More →


NBC/Wall Street Journal poll has Obama, Romney tied at 47%

Published : 12:02 am  October 24, 2012  |  Category: International  |  Leave a Comment  |  272 views  |  
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Reuters: President Barack Obama and Republican challenger Mitt Romney are tied at 47 percent support each among likely voters with just over two weeks to go before the U.S. presidential election, a NBC/Wall Street Journal poll released on Sunday said. The nationwide poll, which was conducted after last Monday’s presidential debate, reinforced the perception of the race as a cliffhanger. It showed “a little bit of a lead” for Romney among the critical “battleground” states as a group, NBC correspondent Chuck Todd said on the network’s “Meet the Press” program.  Read More →


Castro dismisses rumours that he’s at death’s door

Published : 12:00 am  October 23, 2012  |  Category: International  |  Leave a Comment  |  282 views  |  
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Reuters: Former Cuban leader Fidel Castro dismissed reports that he was dead or near death in an article published on Monday in Cuba’s state-run press.  Read More →


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