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  • Ex-Im Bank loan guarantee to Air India upheld by US appeals court Ex-Im Bank loan guarantee to Air India upheld by US appeals court

    WASHINGTON - A U.S. appeals court has upheld a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Indian state-owned carrier Air India in a legal challenge brought by Delta Air Lines to the loan guarantee. The court has however directed the government-run bank to better explain its rationale for providing loan guarantee, which Delta claimed as a ...

  • Google spending $7mn to fight child pornography Google spending $7mn to fight child pornography

    LONDON - Internet giant Google said it is spending $5 million to wipe images of child abuse off the Internet and another $2 million to create tools to find the images and eradicate them. "We're in the business of making information widely available, but there's certain 'information' that should never be created or found," wrote Jacqueline Fuller, director of Google Giving, in a blog post. ...

  • Aspen seeks to acquire GSK thrombosis drug and plant Aspen seeks to acquire GSK thrombosis drug and plant

    DURBAN / LONDON - South Africa's biggest generic drug maker Aspen Pharmacare and its subsidiary Aspen Global Incorporated have made an offer to acquire thrombosis drugs and their associated manufacturing site at Notre Dame de Bondeville, France, from GlaxoSmithKline (GSK). "AGI will acquire from GSK the Arixtra and Fraxiparine/Fraxodi brands and business worldwide, except in China, Pakistan ...

  • Shenzen to be first Chinese city to begin carbon trading Shenzen to be first Chinese city to begin carbon trading

    BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...

  • UK inflation rises to 2.7pc in May pushed by higher transport cost UK inflation rises to 2.7pc in May pushed by higher transport cost

    LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...

Movie Review

Wall Street: Money Never Sleeps

Wall Street: Money Never Sleeps

A decade ago, Oliver Stone was the premiere cinematic chronicler of the recent American past. No filmmaker better nailed the anxieties and failed dreams of the 1960s and, more importantly, the remorse that followed, than Stone did in Platoon (1986), Born on the Fourth of Ju ... ...

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  • Yahoo follows Facebook and Microsoft in publishing US govt sought snoop data

    Internet corporation Yahoo has followed the league of technological companies in publishing reports about 'snoop data' requests made by the US government. According to the Guardian, Yahoo has revealed that it had received 12,000-13,000 requests, inclusive of criminal, Foreign Intelligence Surveillance Act (FISA), and other requests by the government between 1 December 2012 and 31 May ...

  • Asian Stocks Fall On Uncertainty Over Fed Policy

    Asian stocks fell broadly on Wednesday as investors adopted a cautious stance ahead of the outcome of the two-day policy meeting of the U.S. Federal Reserve. With Fed Chairman Ben Bernanke scheduled to hold a press conference shortly after the meeting, investors wait to hear what he has to say about possible tapering of bond purchases and the future course of Fed policy. Japanese shares bucked ...

  • Stocks to Watch FedEx Micron are Wednesday’s stocks to watch

    SAN FRANCISCO (MarketWatch) -- Among the shares expected to see active trade in Wednesday's session are those of FedEx Corp., Micron Technology Inc. and Red Hat ...

  • ITV buys US production company Thinkfactory Media

    ITV has made its third foray into the US TV production sector, paying $30m (19m) for a controlling stake in the company behind Kevin Costner drama Hatfields & McCoys.The UK broadcaster is buying 65% of Los ...

  • Bankers banged up They need to return to planet Earth first | Polly Toynbee

    Bang up the bankers! That has a nice ring to it, like the rioter's line in Henry VI (part two) that always gets a roar of approval, "let's kill all the lawyers". But does anyone really think any of them will land in the clink? The degree of personal recklessness would have to be extreme.The parliamentary commission on banking standards ...

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