Britain’s top shares traded flat on Wednesday, pegged back by supermarket chain Morrisons which was hit by an analyst downgrade, and stocks trading without the attraction of their latest dividend. Morrisons shed 2.3 percent as Deutsche Bank cut its rating on the grocer to Continue Reading
Month: May 2014
France’s national rail company SNCF said on Tuesday it had ordered 2,000 trains for an expanded regional network that are too wide for many station platforms, entailing costly repairs. A spokesman for the RFF national rail operator confirmed the error, first reported by satirical weekly Continue Reading
India’s gold demand is likely to pick up in the second half of the year as curbs on bullion imports are expected to be eased by the country’s new government, top officials at the World Gold Council (WGC) said on Tuesday. Struggling with a ballooning trade deficit, India in 2013 Continue Reading
Sonia Gandhi and her son Rahul on Monday offered to step down as leaders of the Congress party after it suffered its worst ever election defeat, but in a bid to snuff out dissent against the country’s leading political dynasty, party bosses declined. Congress, which has ruled India for Continue Reading
“Selfie,” “tweep” and “turducken” were among more than 150 new words and definitions added to the 2014 updated Merriam-Webster’s Collegiate Dictionary, the publishing company said on Monday.The additions to the U.S. dictionary reflect the growing Continue Reading
Bosnia said on Monday that more than a quarter of its 4 million people had been affected by the worst floods to hit the Balkans in living memory, comparing the “terrifying” destruction to that of the country’s 1992-95 war.The extent of the devastation became apparent in Serbia Continue Reading
Gold jewellery exports from India rose for a third consecutive month in April as raw material supplies improved after the Reserve Bank of India (RBI) allowed more banks to import bullion. Struggling with a ballooning trade deficit, India last year imposed a record duty of 10 percent on overseas Continue Reading
The Supreme Court ordered on Friday the temporary closure of nearly half of the iron ore mines in top producing state Odisha due to non-renewal of years-old leases, in a blow to local steel mills that depend heavily on high-quality ore from the state. Odisha, which allows exports of only half Continue Reading
At least four people were killed on Friday in two explosions in the Kenyan capital Nairobi, the National Disaster Operations Centre (NDOC) said. There was no immediate claim of responsibility. In the past such attacks have been widely blamed on the Somali Islamist militant group al Shabaab, Continue Reading
A hero’s welcome awaited Narendra Modi in New Delhi on Saturday after the Hindu nationalist leader thundered to victory in India’s general election, trouncing the ruling Nehru-Gandhi dynasty in a seismic political shift that gives his party a mandate for sweeping economic reform.A Continue Reading