Daikin to buy world’s second largest AC maker Goodman Global for $3.8 b

Published : 1:46 am  August 30, 2012  |  Category: International  |  Leave a Comment  |  783 views  |  
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OSAKA (Reuters) : Daikin Industries Ltd will buy Goodman Global Inc for $3.8 billion, gaining greater access to the North American market and making the Japanese company the world’s largest maker of heating, ventilation and air-conditioning (HVAC) systems.  Read More →


Growth worries depress world stocks, c.banks eyed

Published : 1:26 am  August 29, 2012  |  Category: International  |  Leave a Comment  |  361 views  |  
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Reuters: The euro edged down and European stocks opened lower on Tuesday as the weak economic outlook and uncertainty over the European Central Bank’s plans to contain the region’s debt crisis combined to put investors in a cautious mood. Markets were also waiting for the outcome of a gathering of central bankers and economists in Wyoming on Friday, which could shed light on the Federal Reserve’s future plans, and a review of Greece’s progress in meeting the terms of its bailout deal.  Read More →


The giant leap: How we broke the news

Published : 1:25 am  August 29, 2012  |  Category: International  |  Leave a Comment  |  392 views  |  
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By D.C. Ranatunga The news of the death of Neil Armstrong took my mind back to the late evening of Sunday 20 July 1969. I was then with the Observer functioning as the Features Editor. That evening we were busy with the Magazine Edition of the paper, as the Poya Day edition was named after the introduction of the Poya holiday in place of Sunday. (Then the Observer was an evening daily) There was tremendous excitement in office about the news of a man landing on the moon.  Read More →


India, China press each other for market access

Published : 1:24 am  August 29, 2012  |  Category: International  |  2 Comments  |  375 views  |  
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Reuters: India and China pressed each other for greater market access for their products from medicines to Bollywood films at a meeting of trade ministers on Monday, seeking to expand commercial ties between the Asian giants as they battle a global downturn. Despite twitchy relations and occasional heated rhetoric, business relations between India and China have boomed for more than a decade. The two sides have targeted trade flows of $100 billion by 2015 from $75.5 billion now.  Read More →


Gold hits 4-1/2 month high on Fed stimulus hopes

Published : 1:06 am  August 28, 2012  |  Category: International  |  Leave a Comment  |  563 views  |  

Reuters: Gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant.  Read More →


Asian shares inch down, mark time before Jackson Hole

Published : 1:06 am  August 28, 2012  |  Category: International  |  1 Comment  |  507 views  |  

Reuters: Asian shares edged down in choppy trade, while gold and oil rose on Monday, encouraged by a fresh report of a potential framework for the European Central Bank’s new bond buying scheme, as well as hopes of a strong easing from the Federal Reserve.  Read More →


India building bridges with ex-Maldives president Gayoom

Published : 1:05 am  August 28, 2012  |  Category: International  |  Leave a Comment  |  629 views  |  

NEW DELHI: Former President and Maldives’ dictator of 30 years Maumoon Abdul Gayoom has sought an audience with Indian leaders, including PM Manmohan Singh, amid the growing anxiety in both Male and New Delhi over the Commission of National Inquiry (CNI) report likely to be tabled in next week. CNI was set up to probe the events leading to the alleged coup that overthrew Mohamed Nasheed’s government in February.  Read More →


Norway jails “sane” Breivik for 21 years for killing 77

Published : 12:01 am  August 27, 2012  |  Category: International  |  Leave a Comment  |  522 views  |  
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Reuters: Norwegian mass killer Anders Behring Breivik was jailed for a maximum term on Friday when judges declared him sane enough to answer for the murder of 77 people last year, drawing a smirk of triumph from the self-styled warrior against Islam.  Read More →


Global oil supply tightens in last two months

Published : 12:01 am  August 27, 2012  |  Category: International  |  Leave a Comment  |  542 views  |  

Global spare oil inventories tightened over the last two months, a US government report said, which could lend the Obama administration some support if it decides to tap emergency oil reserves as the West applies sanctions on Iran.  Read More →


Obama campaign to start accepting text message donations

Published : 12:01 am  August 27, 2012  |  Category: International  |  Leave a Comment  |  594 views  |  
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Reuters: In a U.S. election dominated by multimillion-dollar donations, Democratic President Barack Obama’s campaign is about to give small donors a new weapon by starting to accept text message donations for the first time in history.  Read More →


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