Reuters: Money News

LyondellBasell says receives offer from Reliance

Sun, 22 Nov 2009 08:34:52 +0530

CHICAGO (Reuters) - Indian energy giant Reliance Industries has made a non-binding cash offer to buy a controlling interest in bankrupt petrochemicals company LyondellBasell Industries, LyondellBasell said on Saturday.

Engineer in Ford theft case may face more charges

Sun, 22 Nov 2009 08:47:33 +0530

WASHINGTON (Reuters) - A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on his computer, U.S. prosecutors said this week.

Australian government to present final carbon trading plans

Sun, 22 Nov 2009 08:09:09 +0530

SYDNEY (Reuters) - After months of political haggling the Australian government will unveil its revised carbon trading laws this week, with a vote expected by year's final day of parliament on Thursday.

Healthcare bill passes first U.S. Senate test

Sun, 22 Nov 2009 08:13:54 +0530

WASHINGTON (Reuters) - A sweeping healthcare overhaul narrowly cleared its first hurdle in the U.S. Senate on Saturday, with Democrats casting 60 party-line votes to open debate on the biggest healthcare changes in decades.

Govt plans rice reserve sale in local markets

Sat, 21 Nov 2009 16:07:33 +0530

NEW DELHI (Reuters) -India, the world's second biggest rice grower, plans to sell the grain in local markets from reserves to douse fears of shortage caused by the worst monsoon in three decades, Farm Minister Sharad Pawar said on Saturday.

Obama asks Americans for patience on economy

Sat, 21 Nov 2009 16:33:24 +0530

WASHINGTON (Reuters) - President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.

India on recovery trail, but challenges loom

Sat, 21 Nov 2009 16:43:45 +0530

MUMBAI (Reuters) - India evaded the eye of the storm that sucked the global economy into the worst downturn since the Great Depression, and has emerged, along with China, as a leader of the nascent worldwide recovery.

PM's visit to U.S. comes with rapid trade growth

Fri, 20 Nov 2009 11:38:52 +0530

Reuters - Prime Minister Manmohan Singh arrives in Washington on Monday for a state visit set to boost the burgeoning economic relationship between two countries, which had relatively marginal commercial dealings a decade ago.

India to have mobile number portability from Dec 31

Fri, 20 Nov 2009 19:52:08 +0530

NEW DELHI (Reuters) - 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.

Time Warner, News Corp reported interested in MGM

Sat, 21 Nov 2009 09:32:18 +0530

NEW YORK (Reuters) - News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood's Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday.