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Breaking News Fri, 18 May 2012
Oil - Gasoline - Fuel
(photo: WN / Yolanda Leyba)
Oil falls to near $92 after sharp 2-week selloff
Houston Chronicle
Posted on May 18, 2012 at 6:30 am by Associated Press in Crude Oil Prices, Oil A gas station attendant pumps gas, in Portland, Ore. The price of oil plunged below $100 per barrel for the first time in more than two months, and a drop in gasoline prices can't be far behind. Oil fell by more than four...
Rupees and dollars Currencies
(photo: WN / Rubielyn Bunag)
Weak rupee may not hurt consumer prices: Credit Suisse
The Times Of India
Tweet MUMBAI: Weak rupee may have a limited impact on consumer prices though it could slow growth, notes a report by Credit Suisse. This would be the case for all major Asian currencies which have weakened against the dollar. | All major currencies in Asia have depreciated sharply against a strong U...
BTT Bank Headquarters POS (acquired by RBC in 2008).Port of Spain became a "city" in 1914; the ordinance was passed on May 29 and was proclaimed by the Governor on June 25, 1914. The first city councilors were elected on November 2.
(photo: Creative Commons / Christianwelsh)
Spain stocks fall sharply after Moody's downgrade
US News
| MADRID (AP) — Spanish stocks dropped sharply early Friday morning after ratings agency Moody's downgraded its credit score of 16 Spanish banks in the latest blow to the troubled financial sector. | The Ibex 35 index was off more than 2 points shortly after trading began Friday. Banks were am...
Spain stretched in trying to reach for the sun
Gulf News
| Alburquerque, Spain: When officials in Madrid slashed support for alternative-energy programmes this year as part of the campaign of government austerity sweeping Europe, ripples quickly hit this rural town with the cancellation of plans for a...
Ancient Silk Road revived with soaring trade volumes
Gulf News
| Dubai: The so-called New Silk Road continues to fascinate policymakers and analysts as rising Asian economic power seals its imprint on this century. | This "east-east" corridor, named after ancient trade routes linking Asia with the Midd...
UAE seeks to increase energy exports to India
Gulf News
| New Delhi:  The UAE has expressed its keenness to increase its energy exports as well as downstream investments in India, Foreign Minister Shaikh Abdullah Bin Zayed Al Nahyan said. | "We would like to see more UAE energy exports to India ...
India in the European mirror
The Hindu
As Europe descends into an ever-deepening crisis, the much-touted Indian growth story also seems to be nearing its end. Though the two trends are not unrelated, attributing India's predicament solely or principally to what is happening in Europe woul...
Returning to school can be life-changing experience
Gulf News
| Rajeev Chopra was always too busy to go back to school. Since he finished his MBA at Tulane University's Freeman School of Business in New Orleans nearly 25 years ago, a fast-lane corporate career has taken him through several multinationals. | So ...
Export surplus wheat, says panel
The Times Of India
SHARE | AND | DISCUSSTweet NEW DELHI: A panel headed by the PM's chief economic advisor C Rangarajan has recommended exporting 2 million tonnes (mt) of wheat at a subsidy of Rs 1,500 crore through government channels and another 1 mt through private ...
Retail inflation hits double digits in April
The Times Of India
Retail inflation hits double digits in April | Print this articleShare on RedittGoogle BookmarksNewsvineLive BookmarksTechnoratiYahoo BookmarksBlogmarksDel.icio.usApnaCircleTweetThe author has posted comments on this articleTNN | May 18, 2012, 11.56P...
Emerging Economies
The marble statue of ancient Greek philosopher Socrates stands in front of the headquarters of Bank of Greece, in central Athens, on Friday, July 23, 2010.
(photo: AP / Petros Giannakouris)
Fitch downgrades Greece on euro exit fears
Al Jazeera
| Fitch, a leading credit ratings agency, has downgraded Greece a notch to CCC "vulnerable to default" rating, citing the heightened risk that the country might have to leave the Eurozone. | The failure by Greek politicians to form a government underscores a lack of public and political support for an austerity programme, Fitch said in a statement ...
World Business
Twitter - Social network
(photo: WN / Yolanda Leyba)
Twitter agrees to adopt Do-Not-Track privacy option
Canada Dot Com
| SAN FRANCISCO (Reuters) - Twitter will honor requests from users who do not want their online behavior tracked, the company said on Thursday, in contrast with Web companies such Google Inc and Facebook Inc whose business models rely heavily on collecting user data. | Twitter said it will officially support "Do Not Track," a standardized privacy i...
World Politics
President Barack Obama waves upon his arrival in Seattle, Thursday, May 10, 2012. Obama was in town for fund-raising events
(photo: AP / Ted S. Warren)
Obama hosts the G8 and NATO summits, plus more to watch for this weekend in politics
ABC News
| Diplomacy is the word for the weekend. | President Barack Obama hosts the G8 Summit at Camp David on Friday and Saturday and then the NATO Summit in Chicago on Sunday and Monday. He kicks off the four-day stretch Friday morning with a meeting at the White House with new France President Francois Hollande. Top topics for the weekend: Reviving the ...



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