world markets News

Shrinking US deficit reduces pressure for budget deal
Reuters: Washington, May 20, 2013 at 1235 hrs ISTThe deficit would start widening again in 2016 and continue on an upward path, says a report.
Daimler unveils make-or-break Mercedes-Benz S-Class
Reuters: Hamburg, May 18, 2013 at 1802 hrs ISTNew Mercedes-Benz S-Class luxury saloon comes with hot-stone massages and 6D technology.
Barack Obama seeks to cut Afghan war spending by 10%
Reuters: Washington, May 18, 2013 at 1419 hrs ISTPresident Barack Obama on Friday trimmed his funding request for the war in Afghanistan.
EU cites Chinese telecoms Huawei and ZTE for trade violations
Reuters: New York, May 18, 2013 at 1138 hrs ISTHuawei and ZTE, respectively the world's No. 2 and No. 5 telecom equipment makers.
Out of her mourning, Steve Jobs's widow takes strides on philanthropic stage
New York Times: New York, May 18, 2013 at 1130 hrs ISTStill wearing her wedding ring, Laurene Powell Jobs works to transform individual lives.
'Harry Potter' first edition annotated by author up for auction
Reuters: May 18, 2013 at 0952 hrsIt contains Rowling's handwritten thoughts and commentary about the book and the film adaptation.

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India's investments in Sri Lanka topped $1 bn since 2003
PTI: Colombo, May 17, 2013 at 1259 hrs ISTIndia's imports from Sri Lanka went up by almost 45 per cent to cross $720 million.
China, India to be world's two biggest investors by 2030: World Bank
Reuters: May 17, 2013 at 1029 hrsThese nations and their comparatively younger and bigger populations are also set to become the largest sources of capital.
Oprah Winfrey sells store at $1 million loss
PTI: New York, May 16, 2013 at 1851 hrs ISTTalk show queen Oprah Winfrey has reportedly sold her flagship Oprah Store at a loss of $1 million.
Indians can make a 'Great Britain', says UK politician
PTI: London, May 16, 2013 at 1501 hrs ISTThe country's future economic success lies on the shoulders of Indian-origin entrepreneurs.
Christie's contemporary art sale is biggest auction in history
Reuters: New York, May 16, 2013 at 1254 hrs ISTThe record-breaking sale's top lot was Jackson Pollock's 'Number 19, 1948,' one of his seminal drip paintings.
Najib Razak unveils new cabinet with 5 ethnic Indian faces
PTI: Kuala Lumpur, May 15, 2013 at 2039 hrs ISTIn the 2008 general elections, ethnic a Indians stayed away from the BN largely due to a massive rally organised by the Hindraf.
After Lamborghini, Ferrari, Dubai cops to have Bentley, Mercedes
PTI: Dubai, May 15, 2013 at 1843 hrs ISTAston Martin One-77, Bentley Continental GT and Mercedes SLS have been launched at the Arabian Travel Market.
Man destroys $420,000 Maserati Quattroporte over poor customer service
Press Trust of India: Beijing, May 15, 2013 at 1613 hrs ISTA wealthy Chinese Maserati owner hired four sledgehammer-wielding men to smash up his supercar.