Archive for August, 2009

Reform policies bolster equities

Monday, August 31st, 2009

Indian stocks rose more in the first 100 days of Prime Minister Manmohan Singh’s leadership than under any new government since 1991. Investors predict more gains as he opens up the world’s second-fastest growing economy.

Conservative yet chic garb gaining ground

Monday, August 31st, 2009

Farashati aims to provide “conservative chic” clothing options for women who want to be stylish without compromising their values.

Metro opening to change mall shopping experience

Monday, August 31st, 2009

The opening of the Dubai Metro will not only change the way many people commute, it will also transform the retail scene in the emirate, as a huge segment of Dubai’s riding public is expected to migrate to shopping areas that are within striking distance of train stations.

Southwest suspends uncertified parts supplier

Monday, August 31st, 2009

Southwest Airlines Co, the largest low-fare carrier, has suspended a maintenance vendor linked to the use of unauthorized parts in 82 Boeing 737 aircraft.

All smiles at L’Oreal and Boots as cosmetics buck recession

Monday, August 31st, 2009

Foreign holidays, fancy nights out and new cars are among the many things that Britons have sacrificed in the face of the worst recession for decades. But there is one thing that it seems much of the population cannot go without – make-up.

US stimulus US can live without more bailout deals

Monday, August 31st, 2009

The US economy does not need a second fiscal stimulus package, instead the government should cut spending over the next two years, according to a survey of business economists released Monday.

Baker Hughes acquires BJ Services

Monday, August 31st, 2009

Baker Hughes Inc, the world’s third-largest oil field services provider, agreed to buy BJ Services Co for $5.5 billion to add to its unconventional natural gas and deepwater businesses.

Citigroup to expand commodity team in Asia

Monday, August 31st, 2009

Citigroup plans to expand its commodity team in Asia at a ‘double-digit’ pace in a bid to capitalise on rising demand for raw materials as the global economic recovery boosts metals and energy prices.

Kuwait’s largest telecommunications company removes ownership restrictions

Monday, August 31st, 2009

Zain, Kuwait’s largest telecommunications company, has removed restrictions to ownership, opening the door to more significant foreign investments.

Apple could sell 3m iPhones in China

Monday, August 31st, 2009

Apple Inc may sell more than three million iPhones in China during the next year as it enters the world’s largest wireless market.

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