Posts Tagged ‘world’

Sachin named Wisden Cricketer of 2010

Wisden, regarded as the Bible of cricket, has named Indian batting maestro Sachin Tendulkar as the leading cricketer in the world for the year 2010.

British lawmakers oppose BBC World Service cuts

LONDON (Reuters) – Britain should abandon plans to cut funding for the BBC World Service or at least ring-fence some parts of it, including BBC Arabic, in the light of the upheaval in the region, parliamentarians said on Wednesday.

Exxon’s CEO compensation up 6.6 percent

HOUSTON (Reuters) – The chief executive officer of Exxon Mobil Corp, the world’s largest publicly traded oil company, received $29 million in total compensation in 2010, a 6.6 percent increase from the previous year, a regulatory filing showed on Wednesday.

RIL starts projects to expand polyester capacity

Reliance Industries said on Wednesday it had started work on polyester projects in the country as it aims to consolidate its position as the world’s largest integrated polyester producer.

Care assigns `AA` rating to Tata Steel

Credit rating agency, CARE has assigned “CARE AA“ rating to the perpetual bond issue of Tata Steel (TSL) aggregating Rs 15 billion. TSL, the world`s seventh largest steelmaker has, through the perpetual bond issue, completed a fund raising initiative of Rs 15 billion (USD 332 million), thus becoming the first-ever company to issue such hybrid corporate bonds in India. The unsecured, subordinated and perpetual hybrid securities rated “CARE AA“, were issued by TSL on a private placement basis, and are senior to share capital of TSL

Oil price tumbles to USD 106.25 per barrel

Oil dropped to the lowest level this month on Tuesday as energy forecasters said the world`s supply of oil will remain ample, and a prominent investment bank said prices are too high. Forecasters also said they`re seeing signs that high oil prices are hurting demand for fuel in the U.S. and elsewhere

Monsanto shares rise on BASF buyout rumors

NEW YORK (Reuters) – Monsanto Co shares were up 1.8 percent on Tuesday on rumors Germany’s BASF , the world’s largest chemical maker, would bid for the global biotech seed company.

India monsoon and impact on economy

India’s JuneSeptember monsoon rains are a key factor for global commodities markets as they influence output of various crops in India, which is among the world’s leading producers and consumers of wheat, rice, sugar and edible oils.

Bharti Airtel, Apple to bring iPhone 4 to India

Bharti Airtel will launch iPhone 4 in India in the coming months. iPhone 4 is the most innovative phone in the world, featuring Apple`s stunning Retina display, the highest resolution display ever built into a phone and FaceTime, which makes video calling a reality

As worry list grows, G20 gets wonky

WASHINGTON (Reuters) – While the world watches revolutions in the Arab world and a nuclear crisis in Japan, the Group of 20 is engrossed in an esoteric debate over something called indicative guidelines.

Accounting chief wants higher bank capital ratios

AMSTERDAM (Reuters) – New bank capital rules should be about 30 percent higher than agreed, to prevent a repeat of the last financial crisis, the incoming head of the world’s biggest accounting standard setter said on Sunday.

Analysis: Brent gains ground in oil benchmark battle

SINGAPORE (Reuters) – From Kuala Lumpur to Atlanta, Brent crude is gaining momentum as the global oil pricing reference of choice for producers and consumers, bolstering the Intercontinental Exchange in a battle of benchmarks for the world’s most widely traded commodity.

Car sales seen slowing in 2011, costs to weigh

Higher input costs and interest rates are seen crimping demand for cars in India, the secondfastest growing auto market in the world after China, with sales growth expected to more than halve in this fiscal year to 12% to 15% from the peaks scaled a year earlier.

Shanghai begins building long-sought Disney park

Dipping golden shovels into a trench of sand, Walt Disney Co.