Moneycontrol World News

Vatican has long history of intrigue and controversy

Fri, 01 Jun 2012 21:52:01 +0530

Pope Benedict is fighting the worst crisis of his papacy, but his problems are only the latest in a long history of controversies and intrigue in the headquarters of the Roman Catholic Church.

Wal-Mart chairman: Integrity 'is our business'

Fri, 01 Jun 2012 21:26:02 +0530

Wal-Mart Stores Inc stressed its strong financial performance this year, and Chairman Rob Walton promised at its annual shareholder meeting to make sure the company acted with integrity.

Squat-down toilets will boost Nomura, says shareholder

Fri, 01 Jun 2012 20:12:02 +0530

With investment banks facing an uncertain future, one Nomura shareholder has come up with a novel suggestion to help to boost its share price: replace all office toilets with Japanese-style squat facilities.

Stiglitz: ECB can do 'a lot more' on crisis

Fri, 01 Jun 2012 16:00:57 +0530

The European Central Bank has the ability to do more to tackle to the euro zone’s debt crisis than it has been doing, Nobel Laureate and Professor at Columbia University Joseph Stiglitz told CNBC’s “Worldwide Exchange” Friday.

Turmoil reigns, investors pay to hold German debt

Fri, 01 Jun 2012 15:12:02 +0530

World stocks dipped anew on Friday after suffering their largest monthly fall for eight months in May and safe-haven government debt yields dropped to record lows on worries about the Chinese economy and Spain's parlous finances.

Romney gives 'F' grade to Obama's foreign policy

Fri, 01 Jun 2012 14:32:28 +0530

Republican presidential candidate Mitt Romney has given "F" grade to the Obama administration's foreign policy, inviting criticism from the US President's campaign which said he was misguided and misinformed.

No further appeal against Bhagvad Gita translation

Fri, 01 Jun 2012 14:00:04 +0530

Russian prosecutors have decided against taking forward their case seeking a ban on a translated version of Bhagvad Gita, bringing down the curtains on the sensitive issue that had enraged Hindus globally and even threatened to strain Russia's ties with India.

Facebook's website goes down temporarily

Fri, 01 Jun 2012 13:00:03 +0530

Facebook's website suffered sporadic outages on Thursday, anywhere from half an hour to two hours according to various blogs, tweets and affected users, but the company said the problem has been fixed.

Can love affair with UK royals outlast Elizabeth II?

Fri, 01 Jun 2012 12:56:02 +0530

When Britons sing "God Save the Queen" over four days of celebrations to mark Elizabeth II's 60 years on the throne, monarchists may have cause to roar the line "long to reign over us" more heartily than ever.

Europe debt crisis offers bargains for Asian cos: Macquarie

Fri, 01 Jun 2012 11:32:02 +0530

The European debt crisis is presenting bargains for cash-rich Asian firms such as Hong Kong-listed conglomerate Hutchison Whampoa Ltd and Malaysian gaming company Genting Bhd, Macquarie Securities said.

This summer an 'Eerie Echo' of pre-Lehman: Zoellick

Fri, 01 Jun 2012 10:10:02 +0530

The summer of 2012 is looking like an 'eerie' echo of 2008 but euro zone sovereign debt has replaced mortgages as the risky asset class that markets are anxious about, said Robert Zoellick, President of the World Bank.

Nasdaq plays tough with clients angry over Facebook

Fri, 01 Jun 2012 09:42:04 +0530

FACEBOOK-NASDAQ-PR-IPO:Nasdaq plays tough with clients angry over Facebook

RIM's new woes seen speeding loss of BlackBerry users

Fri, 01 Jun 2012 09:42:02 +0530

Research In Motion's appointment of bankers to advise on drastic options, including an outright sale of the BlackBerry maker, may only hasten moves by major customers to offer their employees smartphones produced by rivals.

Formula One to delay Singapore IPO, says WSJ

Fri, 01 Jun 2012 08:26:02 +0530

Motor racing business Formula One Group has decided to delay its initial public offer on the Singapore stock exchange because of global market weakness, the Wall Street Journal said on Friday, quoting unnamed sources. It was worth up to USD 3 billion.

Global IPOs face freeze after diamond float scratched

Fri, 01 Jun 2012 08:16:04 +0530

London luxury jeweller Graff Diamonds ditched its USD 1 billion initial public offering on Thursday, with volatile stock markets threatening to freeze an already moribund market for new listings from Hong Kong to New York.