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HuaweiBRUSSELS - Creation of a banking union to help resolve the euro zone debt crisis could lead to a split within the wider European Union, lawmakers in the European Parliament warned during a debate that laid bare the extent of tensions in the bloc.
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ATHENS, Greece — Tens of thousands of Greeks marched through central Athens Wednesday in the first general strike since the country’s coalition government was formed in June, as the prime minister and finance minister hammered out a package of (euro) 11.5 billion ($14.87 billion) in spending cuts.
A high-level 10 member delegation from Gujarat, India’s most industrialised state, will be showcasing investment opportunities to leading industrialists and businessmen in Dubai at a seminar on ‘Investment Opportunities in Gujarat’ today at Hotel Ritz Carlton.
Jebel Ali Free Zone, known as Jafza, on Monday declared a 7.5 per cent increase in its revenues for the first half of the year, compared to same period last year.
HONG KONG — Asian markets were mixed Tuesday, with traders spooked by news that German business confidence had hit a 31-month low, wrangling over Greece’s budget and uncertainty about Spain.
LONDON - Britain’s top stock index steadied in cautious trading on Tuesday, with concerns about global economic growth and the euro zone debt crisis prompting investors to buy defensive stocks, while energy stocks tracked higher oil prices.
BANGKOK — World stock markets fell Tuesday, weighed down by a host of concerns about the global economy.
BRUSSELS - Kingfisher, Europe’s biggest home improvement retailer, is saving millions by cutting energy usage and avoiding waste, and is counting on equally green and cost-conscious customers to help it beat the economic downturn, its chief executive said.
MUMBAI — India’s Oil and Natural Gas Corp. denied on Tuesday reports that the firm had bid $5 billion along with two other state-run companies for Canadian assets of ConcoPhillips.
MUMBAI/SINGAPORE - Indian mills have signed deals to buy up to 450,000 tonnes of Brazilian raw sugar for delivery from October to December as a gap between domestic and overseas prices widens, making room for the first imports in more than two years, five dealers told Reuters.
