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Goldman now faces large fine in UK published on Wed, 08 Sep 2010 20:20:50 GMT

Blow to Goldman’s efforts to put the high-profile fraud case behind it following the bank’s settlement with the US Securities and Exchange Commission probe in July for $550m

Backlash greets BP’s internal report published on Wed, 08 Sep 2010 23:28:27 GMT

BP’s internal inquiry into the causes of the disastrous oil spill in the Gulf of Mexico provoked an immediate backlash from its contractors on the rig and US politicians who dismissed it as “not BP’s mea culpa”

Vedanta lining up debt finance for energy deal published on Tue, 7 Sep 2010 17:52:14 +0100

Mining group has begun tapping banks to raise debt funding for its planned $9.6bn acquisition of a majority stake in Cairn India

Reliance $9bn tower assets deal collapses published on Mon, 6 Sep 2010 18:32:40 +0100

A landmark deal designed to help India's second-largest mobile operator reduce debt and make it more attractive to suitors has folded up amid speculation about a dispute over price

Sinochem in push to foil BHP's Potash plan published on Wed, 8 Sep 2010 19:28:30 +0100

The Chinese state-owned chemicals group is trying to recruit at least one sovereign wealth fund and a Canadian pension fund for a consortium to block the $39bn hostile takeover

Regional scramble for coal reaches Indonesia published on Wed, 8 Sep 2010 16:52:26 +0100

The battle for resources between India and China has arrived in Indonesia, where Asia's emerging giants are scrambling to secure the vast supplies of thermal coal needed to fire their electricity plants and power economic expansion

IMPORTANT NOTICE: The URL for this RSS feed has changed. Click here to get the updated URL. (Note: This RSS feed is available to EIN News subscribers only.) published on 03 Jun 2009 08:54:25 GMT

40 Chinese protest near Japanese embassy over detention of fishing boat published on 2010-09-08 22:30:17

More than 40 Chinese Wednesday staged a protest near the Japanese embassy in Beijing over the detention of a Chinese fishing boat. The unofficial China Federation for Defending the Diaoyu Islands organized the half-hour protest on Wednesday noon. Witnesses said the protesters chanted the Chinese national anthem while holding up national flags and banners, two of which read "Japan out of Diaoyu Islands" "Diaoyu Islands are China's and so is the East China Sea." Li Wen, a federation official ...

DPRK cherishes memory of Chinese volunteers in Korean War: state media published on 2010-09-08 21:56:22

The people of the Democratic People's Republic of Korea still lay to their hearts the great services of Chinese volunteers in the Korean War, the country's official news agency KCNA said Wednesday. The Chinese People's Volunteers fought shoulder to shoulder with Korean soldiers in the same trenches in what the DPRK calls the Fatherland Liberation War, "fully displaying a self-sacrificing spirit and collective heroism," the agency said in a report. The article also named several well-known ...

New medical policy to ensure docs don't over-drug patients published on Wed, 08 Sep 2010 21:03:00 GMT

The policy will reduce the cost of treatment since doctors will not be allowed to use unnecessary combinations of drugs for treatment.

J&K police try to regain people's trust published on Wed, 08 Sep 2010 20:47:00 GMT

Police action on stone-pelters and protesters in the past three months has triggered a wave of anger against law enforcement agencies, particularly local police.

CBSE asks schools to cut homework published on Wed, 08 Sep 2010 21:44:32 GMT

Central Board of Secondary Education has asked affiliated schools to reduce homework and the number of tests being given to children as part of formative assessment.

Back in market, PSU vaccines cost same as those of pvt cos published on Wed, 08 Sep 2010 21:41:50 GMT

Two of the three public sector vaccine manufacturing units that were shut down in 2008 have started manufacturing and supplying vaccines for the Universal Immunization Programme, but their prices are now more than double.

RIL, ONGC, ENI get 3-year drilling breather published on Thu, 08 Jul 2010 19:04:02 GMT

The Cabinet Committee on Economic Affairs on Thursday approved a three-year moratorium, or break, on drilling in deep waters by explorers.

India to grow 9.5% in 2010: IMF published on Thu, 08 Jul 2010 18:51:24 GMT

The International Monetary Fund on Thursday raised India's growth forecast for 2010 to 9.5%, stating that favourable financing conditions and robust corporate profits will accelerate economic expansion.

Pakistan expels senior Indian diplomat published on Sat, 05 Aug 2006 13:19:07 GMT

Kaul, visa counsellor at the Indian High Commission in Islamabad, was expelled after being detained and was ordered to leave the country within 48 hours.

Karur Vysya targets Rs 2k-cr net worth published on Tue, 07 Sep 2010 22:50:55 GMT

The net worth of Karur-based old private sector Karur Vysya Bank is set to cross Rs 2,000 crore, following the board decision on Tuesday to issue bonus and rights shares (at premium), subject to statutory approvals.Karur Vysya targets Rs 2k-cr net worthKarur Vysya targets Rs 2k-cr net worth

Financial inclusion USP may make getting banking licences easier published on Tue, 07 Sep 2010 21:51:35 GMT

Finance minister Pranab Mukherjee will now review the proposals before they are sent to the Reserve Bank of India, or RBI.Financial inclusion USP may make getting banking licences easierFinancial inclusion USP may make getting banking licences easier

Stage set for Sun to hike Taro stake to 48% published on

With the Supreme Court of Israel ruling in favour of Sun Pharma in the Taro case, the Mumbai-based pharma giant can make a move to hike stake in the Israeli company by buying out the promoters' share. This will take Sun's total stake in Taro to 48% from the current 36%.

Non-food credit growth slips below 20% in Aug published on

The growth in non-food credit or the amount of money that banks lend to corporates and individuals, slipped little below 20% for the fortnight ended August 27, 2010.

Bacterial assault on hospitals published on Wed, 08 Sep 2010 13:10:00 PDT

Fifty-three patients at Teikyo University Hospital in Tokyo's Itabashi Ward have been infected with the multidrug-resistant Acinetobacter bacterium since August last year. Thirty-one of them died later of various causes, and nine of those deaths are believed to be directly attributable to the superbug. The nine were 53 to 89 years old.
It is regrettable that the hospital failed to take quick and effective measures to contain the spread of a hospital-acquired, antibiotic-resistant bacterium and failed to immediately report the in-hospital infections to authorities. These cases should sound the alarm bell for the nation's hospitals, while warning the public that hospitals are not necessarily safe places but are full of potential dangers, including hospital-acquired (nosocomial) infection. Hospitals must vigilantly guard against such infections.

The 'perfect storm' brewing in Central Asia published on Wed, 08 Sep 2010 13:11:00 PDT

FLORENCE, Italy — Dean Acheson, U.S. President Harry Truman's secretary of state, liked to quote a friend who said that being in government made him scared, but that being out of it made him worried. To those of us not privy to the hidden complexities of NATO's military intervention in Afghanistan, the situation there — and across Central Asia — is extremely worrisome.
As Afghan President Hamid Karzai is said by his critics to be on the verge of casting his lot with Pakistan and the Taliban, the Pentagon has signaled its fear that the war may spread beyond the Pashtun heartland to the largely Tajik and Uzbek areas in the north of the country. The United States is reportedly constructing a $100 million "Special Operations Complex" near Mazar-e Sharif across the border from Uzbekistan.

Freed Japanese journalist says his kidnappers not Taliban published on

A Japanese freelance journalist who was released Saturday after going missing in late March denied late Sunday that his kidnappers were Taliban insurgents as identified by Afghan security authorities. Reporting his arrival at Dubai airport on his way back to Tokyo, where he says he is slated to arrive Monday night via Kansai airport in western Japan, Kosuke Tsuneoka, 41, said on his Twitter account the abductors are ''a group of corrupt armed factions'' in northeastern Afghanistan.

Nepal's parliament fails to elect prime minister in 6th attempt published on

The Nepalese parliament failed to elect a new prime minister for the sixth time on Sunday, prolonging a leadership vacuum that emerged after Prime Minister Madhav Kumar Nepal resigned on June 30. The two candidates vying to become the politically fragmented nation's new prime minister in the latest runoff failed to secure the constitutionally stipulated simple majority, or 300 votes among the 599 currently serving members of parliament.

Pyongyang amusement park in full swing with 6 new rides published on

While tensions remain high on the Korean Peninsula following the sinking of a South Korean warship in March, a newly renovated amusement park in Pyongyang has been providing North Korean citizens with attractions not normally associated with the communist state. The Kaeson Youth Park, refurbished in the spring, features six new rides including a Viking ship, a vertical drop and a swing carousel, for the entertainment of visitors including children, young adults and military personnel.

N. Korean children chant song believed to hail Kim's 3rd son published on

With a rare conference of North Korea's Workers' Party of Korea just around the corner, schoolchildren have been marching Pyongyang streets chanting a song believed to hail North Korean leader Kim Jong Il's third son and heir apparent Jong Un. At the party conference, which will be held on an as-yet unknown date in early September, Kim Jong Un is expected to receive a key post, paving the way for him to eventually succeed his 68-year-old father as leader of North Korea.

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