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  • Indian firms hope to cash in on Japan IT services market

    Debojyoti Ghosh, Ajay Sukumaran:  Bangalore, May 20, 2013 at 0254 hrs ISTJapan's $200 billion IT services market is now offering renewed hope for Indian companies as the country tries to jumpstart its economy and as more Japanese firms look to expand globally.

  • Silicon Valley-area hub becomes factory town

    Associated Press: California, May 20, 2013 at 0256 hrs ISTIn a busy factory, machinists move sheets of aluminum roll in the back door to be moulded, stamped, twisted and notched into high-tech electric cars that sell for over $60,000 each.

  • Bankia compensation qualms signal a loss of faith in Spain’s banks

    Reuters: Madrid, May 20, 2013 at 0304 hrs ISTMany duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favour of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.

  • Bollywood on a mission at Cannes

    Reuters: Cannes, May 20, 2013 at 0312 hrs ISTIndian movie actors and a new wave of directors are on a mission at the Cannes film festival — to show that their industry, which turns 100 this year, is more than just Bollywood.
  • Google gets personal with self-drive cars, Google Glass

    Google gets personal with self-drive cars, Google Glass

    Associated Press: San Francisco, May 17, 2013 at 0354 hrs ISTFor Google CEO Larry Page, happiness is a warm computer.

  • Abe reforms seen short of overhaul

    Reuters: Tokyo, May 17, 2013 at 0356 hrs ISTAnyone expecting a broad overhaul of Japan’s economy that would remove barriers to competition will likely be disappointed when Prime Minister Shinzo Abe launches his “Third Arrow” policy next month, but those with more modest expectations may be pleased.
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  • US retailers baulk as European cos back Bangladesh garment biz plan

    Reuters:  Stockholm/Chicago, May 15, 2013 at 2031 hrs ISTMajor US retailers, including Gap, declined to endorse an accord on Bangladesh building and fire safety backed by Europe’s two biggest fashion chains, a trans-Atlantic divide that may dilute garment industry reform efforts.

  • Clients worry whether Bloomberg reporters violated company policies

    New York Times:  May 15, 2013 at 2033 hrsWith new concerns emerging about practices at its news division, Bloomberg, the sprawling financial services company founded by Michael R Bloomberg, scrambled to shield its lucrative terminal business and appease nervous customers.

  • Global financial leaders avoid public rift with Japan

    New York Times:  May 13, 2013 at 0309 hrsFinance ministers from leading global economies on Saturday avoided a public rift with Japan over policies driving down the value of its currency, while keeping up pressure on Germany to help lift growth in Europe.

  • Branson swaps suit for skirt to honour bet

    Associated Press:  Malaysia, May 13, 2013 at 0312 hrs ISTBritish business magnate Richard Branson has lost his latest job because of orange juice.

  • Bloomberg bars reporters from client activity after Goldman complaint

    Associated Press:  Los Angeles, May 13, 2013 at 0314 hrs ISTFinancial data and news company Bloomberg says it has corrected a “mistake” in its newsgathering policies and cut off its journalists' special access to client log-in activity on the company's ubiquitous trading information terminals after Goldman Sachs complained about the matter last month.

  • facebook's Mark Zuckerberg group’s political effort has liberals up in arms

    New York Times:  May 10, 2013 at 0040 hrsMove fast and break things” has been the motto at Mark Zuckerberg’s Facebook, embodying the Silicon Valley ethos of unapologetically finding new ways to solve old problems.

  • Barack Obama to open middle-class jobs, opportunity tour

    Associated Press:  Washington, May 10, 2013 at 0043 hrs ISTAiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the US to resurrect that quickly became overshadowed by the intense debates over gun control, immigration and automatic spending cuts

  • Dimon’s role in JPM hinges on small, unknown firm

    New York Times:  May 09, 2013 at 0354 hrsFate of Jamie Dimon of JPMorgan Chase could hinge on a small, London-based firm that is virtually unknown, even on Wall Street.