FE Report | 2011-03-13 00:00:00
FE ReportThe Ministry of Finance (MoF) has formed a five-member committee to formulate a uniform guideline for the purpose of revaluation of the assets of the state-owned enterprises (SoEs) concerned prior to the offloading a part of their stakes onto...
FRANKFURT, Mar 12 (AFP): Global insurers girded for new hits on their balance sheets as they began assessing the massive Japanese earthquake, less than three weeks after a deadly and costly quake in New Zealand. Stocks in European re-insurance companies...
ROME, Mar 12 (Xinhua): The Italian economy grew 1.5 per cent the last quarter of 2010 year-on-year, helped by increased consumer spending and exports, national statistics agency Istat said Friday. The agency reported a 1.3-per cent growth for the said...
PUNE, Mar 12 (Economic Times): Bharat Forge, the world's second largest forgings maker, has chalked out plans to expand its core manufacturing business and tap the growing potential of the infrastructure sector. "For us, opportunity in the infrastructure sector is...
SAN FRANCISCO, Mar 12 (AFP): The new iPad went on sale in the United States, with Apple fans queuing at the company's stores across the country to be among the first to snap up the coveted tablet computers. Apple began...
NEW YORK, Mar 12 (Reuters): Lawson Software said late Friday it had received an unsolicited bid from privately held software company Infor and Golden Gate Capital to acquire all its outstanding common stock at $11.25 per share in cash. Shares...
WASHINGTON, Mar 12 (AP): Regulators Friday shut down small banks in Oklahoma and Wisconsin, lifting to 25 the number of US bank failures this year after economic distress and soaring loan defaults brought down 157 banks in 2010. The Federal...
NEW YORK, Mar 12 (Agencies): US consumers' confidence about their financial prospects and the course of the economy is at the lowest level in five months, according to a report released Friday. The preliminary index of consumer sentiment for March...
MUMBAI, Mar 12 (Business Standard): Nearly two years after Tata Motors launched the Nano in India, representatives of countries from Asia, South America and Europe have expressed interest in launching the car in their countries. Malaysia, Taiwan, Thailand, Turkey, Brazil...
BEIJING, Mar 12 (Bloomberg): China Petroleum & Chemical Corp, the nation's biggest fuel supplier, plans to shut its 160,000- barrel-a-day refinery in Luoyang city in central China in September for maintenance, said the head of the plant. The refinery in...
LAHORE, Mar 12 (APP): Speakers at a seminar declared the trade as the best option to build confidence and improve relations between Pakistan and India, besides creating new opportunities for poverty alleviation from both countries. The seminar was organised by...
BRASILIA, Mar 12 (Commodity Online): South America's leading economy and one of the world's top agricultural powers, Brazil is preparing rules that will block foreign governments, state-owned companies and speculators from buying agricultural land while allowing in "genuine" private sector...
TOKYO, Mar 12 (Commodity Online): The massive tsunami following a powerful earthquake in Japan also had its impact on global commodity markets as all major commodities, including gold and oil, took initial impacts. Oil prices dropped in late Asian trade...
HANOI, Mar 12 (Commodity Online): In an attempt to 'tighten things up' Vietnam on Thursday stopped issuing licenses for gold bullion trading and production. Announcing the decision through its website, country's central bank, State Bank of Vietnam said it will...
LAHORE, Mar 12 (Commodity Online): In a bid to tap the highly priced domestic and international cotton market, farmers in Lahore, Gujranwala, Sargodha and Rawalpindi of Pakistan's Punjab province will be motivated to produce modern varieties of cotton. The move...
LONDON, Mar 12 (Reuters): Toshiba's main facility producing flash memory used in tablets and smartphones has resumed production after the Japanese earthquake and chip prices could rise due to the setback and logistic problems. Shares of memory maker Micron rose...
NEW DELHI, Mar 12 (Commodity Online): Global rubber markets also took its impact on Japans' tsunami devastations though major tocom prices remained unaffected so far as the Exchange had closed before the news broke out. However, traders said Tocom prices...
TOKYO, Mar 12 (livemint): Nippon Life Insurance Co plans to buy a 26 per cent stake in India's Reliance Life for about ¥60 billion ($724 million), a source with knowledge of the matter said, in the latest move by a...
Sao Paulo, Mar 12 (Reuters): Oil major BP has agreed to buy a Brazilian sugar and ethanol group for $680 million, expanding its presence in the country's biofuels industry in what it said was the largest deal to date for...
BEIJING, Mar 12 (Bloomberg): China Petroleum & Chemical Corp, the nation's biggest fuel supplier, plans to shut its 160,000- barrel-a-day refinery in Luoyang city in central China in September for maintenance, said the head of the plant. The refinery in...
LAHORE, Mar 12 (APP): Speakers at a seminar declared the trade as the best option to build confidence and improve relations between Pakistan and India, besides creating new opportunities for poverty alleviation from both countries. The seminar was organised by...
TOKYO, Mar 12 (Bloomberg): The earthquake that struck northeastern Japan Friday wrought damage and shut down operations of some of the nation's largest manufacturers, including Nissan Motor Co and Toshiba Corp. Nissan, the second-largest Japanese carmaker, said 2,300 new vehicles...
LONDON, Mar 12 (AFP): Oil endured a roller-coaster ride this week, spiking to 2008 peaks as unrest hit crude exporter Libya, before slumping after a deadly massive earthquake rocked the world's third largest economy Japan. World oil prices began the...
Tokyo, Mar 12 (Bloomberg): Japan's central bank pledged to ensure financial stability after the nation's strongest earthquake on record forced Toyota Motor Corp to shut some plants, shut down oil refineries and sparked a plunge in stocks. Yesterday's magnitude 8.9...
GUAYAQUIL, March 12 (AFP): - Ecuador's state oil company said Friday it has suspended crude oil exports due to risks posed by a Pacific-wide tsunami unleashed by a massive earthquake in Japan. "Petroecuador has suspended its oil exports and fuel...
WASHINGTON, March 12 (AFP): The International Monetary Fund Friday urged Pakistan to take further steps to curb inflation and buffer the economic shocks of higher oil prices. After a mission to Pakistan that ended Friday the IMF reported "constructive" talks...
New Delhi, Mar 12 (PTI): Silver fell by Rs 1,100 to Rs 53,500 per kg in the bullion market yesterday, due to profit selling by stockists, amid a weak global trend. Gold also fell by Rs 200 to Rs 21,120...
Brussels, Mar 12 (BBC): Eurozone leaders have reached an agreement in principle on a pact to co-ordinate economic policies, EU President Herman Van Rompuy has said. Other elements of the package were still under discussion, he added. Eurozone leaders are...
But all children are not of same aptitude and disposition. Parents should be sensitive to their likes and dislikes. It is at home where child learns the rudiments of values. One would be foolish to think that our education system...
LONDON, Mar 12 (AFP): Oil endured a roller-coaster ride this week, spiking to 2008 peaks as unrest hit crude exporter Libya, before slumping after a deadly massive earthquake rocked the world's third largest economy Japan. World oil prices began the...
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