Business News

U.S. Senate sets hearing on Bernanke's renomination

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Reuters
Reuters - 04:23 AM

The Senate Banking Committee said on Friday it will hold a hearing on Federal Reserve Chairman Ben Bernanke's renomination to a second term on Dec. 3, putting the central bank chief under scrutiny at a time when the Fed is facing intense criticism in Congress.

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NXR and NXG, two stunners from Reva

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Tips on how to handle recession job stress

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Best pay packages

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Out of recession?

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Best states for biz

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Ford unveils Figo

Ford Motors to step into small cars with the Figo

General

  • The Cadbury logo is seen behind barbed wire at the company's factory in Bournville, central England, November 9, 2009. Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all. REUTERS/Darren Staples
    Rothschild star and Buffett banker circle CadburyReuters - 01:57 AM

    Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all.

  • CBDT trailing money launderingPTI - Fri, Nov 20

    New Delhi, Nov 20 (PTI) The CBDT has alerted its investigation units to pursue any information regarding the money illegally parked in overseas banks on priority basis, the Lok Sabha was informed today.

  • Gold buy to contain Re volatilityPTI - Fri, Nov 20

    New Delhi, Nov 20 (PTI) The recent mega gold purchase by the Reserve Bank was to smoothen the exchange rate volatility arising from the changes in the valuation of US dollar, the Lok Sabha was informed today.

  • UP hikes fares of urban bus servicePTI - Fri, Nov 20

    Lucknow, Nov 20 (PTI) The Uttar Pradesh government today approved a proposal for increasing bus fares by 21 per cent in the urban areas.

  • Around 13.46 cr farmers insuredPTI - Fri, Nov 20

    New Delhi, Nov 20 (PTI) The government today said as many as 13.46 crore farmers have been covered under National Agriculture Insurance Scheme.

India

  • Hindustan Aeronautics to fly light combat chopper soonIANS - Fri, Nov 20

    Bangalore, Nov 20 (IANS) A prototype of the light combat helicopter (LCH), designed and developed by the state-run Hindustan Aeronautics Ltd (HAL), is set for its maiden flight soon, a top company official said Friday.

  • India to have guidelines for probiotic food by 2010IANS - Fri, Nov 20

    New Delhi, Nov 20 (IANS) Scientists Friday said that the government was in the process of formulating guidelines for regulation of probiotic foods, which have flooded the Indian markets, and the guidelines would be in place by January 2010.

  • A worker fixes new power lines on a pole in Kochi October 20, 2009. REUTERS/Sivaram V/Files
    India may miss 2009/10 power addition target - minReuters - Fri, Nov 20

    India is likely to add only 78 percent of its targetted 14.5 gigawatts power capacity in the 2009/10 financial year ending March, Power Minister Sushilkumar Shinde told lawmakers on Friday.

  • Honeywell bets on India for growth opportunitiesIANS - Fri, Nov 20

    Bangalore, Nov 20 (IANS) Global technology and manufacturing major Honeywell International is upbeat on growing its business in India in the light of opportunities emerging in aerospace, homeland security, environment and infrastructure.

  • Girls talk on their mobile phones in New Delhi in this February 2005 file photo. India will introduce mobile number portability on Dec 31, a move that could further intensify the stiff competition in the world's fastest-growing wireless market and push call charges lower. REUTERS/B Mathur
    India to have mobile number portability from Dec 31Reuters - Fri, Nov 20

    India will introduce mobile number portability on Dec 31, a move that could further intensify the stiff competition in the world's fastest-growing wireless market and push call charges lower.

International

  • Manmohan confident US will overcome economic crisisIANS - Fri, Nov 20

    Washington, Nov 20 (IANS) Prime Minister Manmohan Singh is pretty confident that the US will recover from the global economic crisis, thanks to the skills of the US business class and the US educational system.

  • Oprah Winfrey brings curtain down on her talk showIANS - Fri, Nov 20

    London, Nov 20 (IANS) The Oprah Winfrey Talk Show will come to an end in 2011 after more than two decades on air, BBC reported Friday.

  • Over 30,000 Indians visited New Zealand during 2008-09IANS - Fri, Nov 20

    Hamilton, Nov 20 (IANS) As many as 32,573 Indian nationals obtained visitor visas during 2008-09 for New Zealand which has topped a survey of tourism organisations from around the world to rank the best destination brands, says official data released Friday.

  • India, Nepal press ahead with Pancheswor project talksIANS - Fri, Nov 20

    Kathmandu, Nov 20 (IANS) India and Nepal Friday kicked off water-sharing talks in the Himalayan republic that will finally give a push to the massive 6,000 MW Pancheswor Multipurpose Project more than 10 years after the two governments signed a treaty to develop the hydro-power project.

  • CEO of Deutsche Bank Josef Ackermann holds his speech during the Euro Finance Week in Frankfurt November 20, 2009. REUTERS/Ralph Orlowski
    Deutsche Bank CEO urges study of financial bubblesReuters - Fri, Nov 20

    Deutsche Bank Chief Executive Josef Ackermann said the worst parts of the financial crisis are behind us, and cautioned that more time needs to be spent studying how financial bubbles occur.

Personal-Finance

  • Late rally pushes Sensex above 17,000-point markIANS - Fri, Nov 20

    Mumbai, Nov 20 (IANS) A late rally by banking and energy stocks Friday helped a benchmark index close above the 17,000-point mark, up 1.41 percent, after languishing in the negative terrain for most of the day.

  • Sensex ends above 17,000-markIANS - Fri, Nov 20

    Mumbai, Nov 20 (IANS) A late rally by banking and energy stocks Friday helped a benchmark index close above the 17,000-mark, up 1.47 percent, after languishing in the negative terrain for most part of the day.

  • Sensex ends 226 points downIANS - Thu, Nov 19

    Mumbai, Nov 19 (IANS) Indian equities closed lower Thursday on intense selling, with a key index shutting shop 226 points lower than its previous close.

  • India's annual food inflation rises to 14.55 percentIANS - Thu, Nov 19

    New Delhi, Nov 19 (IANS) India's annual food inflation, based on wholesale prices, moved up to 14.55 percent for the week ended Nov 7 from 13.68 percent the week before, official data released Thursday showed.

  • Sensex continues to fall, down by 269 pointsIANS - Thu, Nov 19

    Mumbai, Nov 19 (IANS) A key Indian equities index extended its losses Thursday afternoon and was ruling 269 points lower than its previous close.

Markets

  • U.S. Treasury nominees to press China on yuan policyReuters - 03:13 AM

    Nominees for key U.S. Treasury international posts pledged on Friday to work to persuade China to change its currency practices to allow critical adjustments in global trade and economic balances.

  • A man fills up his truck with gas at a gas station in Santa Monica, California, in this May 28, 2008 file photo. Oil slipped nearly 1 percent to below $77 on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand. REUTERS/Lucy Nicholson/Files
    Oil slips below $77 on dollar rise, equities slideReuters - 02:11 AM

    Oil prices slipped nearly 1 percent to below $77 a barrel on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand.

  • A man plugs a charging device in a Tesla Roadster Sport car at the Frankfurt International Auto Show IAA in Frankfurt September 16, 2009. U.S. electric sports car maker Tesla Motors plans to go public soon. REUTERS/Johannes Eisele/Files
    U.S. electric carmaker Tesla preparing IPO - sourcesReuters - 02:06 AM

    U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

  • U.S. Federal Reserve Bank Chairman Ben Bernanke at the Federal Reserve in Washington, December 4, 2008. The Senate Banking Committee will hold a confirmation hearing on Federal Reserve Chairman Ben Bernanke's nomination to a second term as chief of the U.S. central bank Dec. 3, the panel said. REUTERS/Jonathan Ernst/Files
    U.S. Senate announces Bernanke confirmation hearingReuters - 01:32 AM

    The Senate Banking Committee will hold a confirmation hearing on Federal Reserve Chairman Ben Bernanke's nomination to a second term as chief of the U.S. central bank Dec. 3, the panel said on Friday.

  • France expected to head EU financial services - envoysReuters - 12:54 AM

    A former French foreign minister is expected to take charge of financial services in the European Union, diplomats said, a move that would unsettle bankers worried he may take a hard line with the industry.


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