IT firms' Q1 revenue may slide on rupee appreciation: Analysts The Times Of India | Text: NEW DELHI: Revenues of major IT firms are expected to be hit by up to 7 per cent in rupee terms in the April-June period as appreciation in the Indian currency against the dollar during the quarter would impact negatively the margins comp...
GSK takes on generics by paying $23m for new unit Business Report | By Trista Kelley London | GlaxoSmithKline (GSK) had expanded into generic drugs by paying $23.2 million (R180m) for a Bristol-Myers Squibb division in the Middle East and north Africa, the UK-based drug maker said yesterday. | The unit had 13 branded generic remedies with sales worth $11.8m last y...
Movement to shut down shark tours in Hawaii grows The Tribune San Luis Obispo | Three women donned scuba masks and jumped into the waters off Oahu's North Shore, floating inside a submerged cage as about a dozen sharks glided toward bloody fish scraps tossed into the water by a tour company. | Tourist Kim Duniec said the exper...
North Korea Fires 7 Missiles Off East Coast CNBC North Korea fired seven ballistic missiles off its eastern coast Saturday, South Korea said, a violation of U.N. resolutions and an apparent message of defiance to the United States on its Independence Day. | The launches, which came two days after N...
Malaysia makes bold changes in race-based policies The Tribune San Luis Obispo | The economic downturn is allowing Malaysia's leader to chip away at an affirmative action program for Malay Muslims that has been considered virtually untouchable in the past. | Soon after taking office in April, Prime Minister Najib Razak scrapped...
North Korea Fires Short Range Missiles: Reports CNBC North Korea test-fired two Scud-type missiles on Saturday, South Korea's Yonhap news agency said citing a government official, further stoking regional tensions after the North's nuclear tests and threats to boost its nuclear arsenal in response to U...
Major nations should back dollar as key currency: Japan CNBC By Yoko Nishikawa | TOKYO (Reuters) - Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official sa...
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StanChart in Talks on RBS China, India Units CNBC Standard Chartered is in talks to purchase assets in China and India owned by the Royal Bank of Scotland (RBS), a source with direct knowledge of the matter said on Wednesday. Â Â...
GLOBAL MARKETS-Asia shares struggle as data shows going tough The Guardian * Stock markets struggle, Nikkei wavers * Oil steady above $70 a barrel after 2 pct drop * Dollar rises, capitalises on more sober mood By Charlotte Cooper TOKYO, July 1 (Reuters) ...
Hawaii judge halts furloughs for state employees The News & Observer | HONOLULU -- A Hawaii judge has blocked Gov. Linda Lingle from forcing thousands of public employees to take three unpaid days off per month, dealing her a setback in efforts to tame a huge state budget gap. | Lingle wanted her furlough plan to star...
GSK takes on generics by paying $23m for new unit Business Report | By Trista Kelley London | GlaxoSmithKline (GSK) had expanded into generic drugs by paying $23.2 million (R180m) for a Bristol-Myers Squibb division in the Middle East and north Africa, the UK-based drug maker said yesterday. | The unit had 13 brand...
BSP ready to act to counter downturn Inquirer | MANILA, Philippines — Governor Amando Tetangco Jr. said the Bangko Sentral ng Pilipinas was willing to implement other measures, besides slashing its key policy rates, to help spur business activities and counter the economic downturn. | 'The BSP remains open to all possible options that it can use to help address the slowdown in economic activit...
North Korea moves to restrict economy Hartford Courant Reporting from Yanji, China - In the markets of Kilju, a city of 100,000 near North Korea's eastern seacoast, the ruling Korean Workers' Party has ordered the removal of Chinese-made cookies, candies and pharmaceuticals. | Even soybeans, many articles of clothing and shoes are now forbidden. | It is all part of a great leap backward taking place in...
