Lenders approve Ispat's takeover by JSW Steel
Lenders have approved Ispat's takeover by JSW Steel. Lenders will convert their Rs 191.4 crore loans into equity at Rs 14.70 per share. The recompense issue, it is said would only be taken up later.
EU exec eyes 50 bn bank tax for crisis fund
A one-off 50 bn euro tax on banks could help pay for a new stability scheme to protect euro zone countries in financial trouble, according to an internal report from the EU's executive for ministers.
Tata Steel's up to $800 mn share sale starts Jan 19
India's Tata Steel, the world's seventh largest steel maker, will launch its up to USD 800 mn public share sale on January 19, two sources with direct knowledge of the matter said on Wednesday.
Lloyds bonus, govt rhetoric stoke bank bonus row
Britain's bank bonuses row flared into new life on Wednesday as a report the boss of bailed-out British bank Lloyds will take a 2 mn pound (USD 3.12 mn) bonus collided with a government pledge to curb payouts.
'Hedonistic' Hedda Gabler banned at Tehran theatre
Iranian authorities have ordered a theatre to suspend its production of the classic European play Hedda Gabler, which a semi-official news agency described as "vulgar" and "hedonistic".
Gold retreats after Portuguese debt auction
Gold surrendered early gains on Wednesday to edge lower as better risk appetite after a well-received Portuguese bond auction removed some safe-haven support, though a softer dollar underpinned prices.
AIG in $2.2 bln Taiwan sale, but concerns remain
American International Group Inc accepted a USD 2.16 bn cash offer for its Taiwan Nan Shan Life unit from a group led by conglomerate Ruentex, though long-running regulatory concerns mean the sale is not assured.
Credit Protection: Bouncer's cards stop knife blows
A wallet stuffed with 20 plastic cards and a stroke of luck saved a pub doorman in western Germany from serious injury during a knife attack.
Tour of Spain to return to Basque Country after long gap
The Tour of Spain will visit the Basque Country for the first time since 1978, 2011 race organisers said at the course presentation on Wednesday.
Flying drunk proves fatal for Romanian bird flock
There was nothing mysterious about the death of a flock of birds in Romania last week -- they were simply drunk, veterinarians said.
Bangladesh probes allegations against Grameen bank
Bangladesh began on Wednesday investigating allegations that Nobel Prize winning microlender Grameen bank had illegally diverted aid funds after a Norwegian television documentary cast doubts about its tax records.
UK to review N. Sea drilling rules after US spill
Britain said on Wednesday it would review its regulations covering offshore oil and gas drilling in the North Sea following the publication of a US investigation into BP's Gulf of Mexico oil spill.
US survey shows 'pervasive' bedbug problem
One in five Americans has either had an experience with bedbugs themselves or knows someone who has and a majority say the tiny blood-suckers are a source of worry for them, according to a new survey.
Management tip of the day: Three reasons not to delegate
Delegating tasks is often a great idea, but there are times when a manager should simply not pass on a project or task, according to Harvard Business Review.
Etisalat says chairman meets India telecoms min
Etisalat's chairman and the UAE's envoy to India met the Indian Telecoms Minister Kapil Sibal and discussed the company's investment in the Indian telecoms sector, Etisalat said in a statement on Wednesday.
Sovereign default remains top 2011 risk for WEF
The risk that parlous government finances will trigger sovereign debt defaults remains one of the biggest threats facing the world in 2011, according to the World Economic Forum.
Britain offers its subjects a royal knees-up
Her Majesty's government has granted its subjects extra time in the pub to toast the marriage of Prince William to his fiancee Kate.
Labour MP Miliband set for Sunderland role
British Labour MP David Miliband, who lost the party's leadership election to his brother Ed last year, is in line to become vice-chairman of Sunderland, the Premier League club said on Wednesday.
Ferrari's Domenicali sees tyres as key in 2011
Ferrari team boss Stefano Domenicali believes the switch to Pirelli tyres for 2011 could have a fundamental impact on the Formula One season.
Govt extends tenure of judge in 2G probe
The telecoms ministry said on Wednesday it had extended up to Jan. 31 the tenure of a former judge probing procedures followed in the allocation of telecoms licences and spectrum between 2001 and 2009.
ONGC sees funding hurdle for Iran Pars gas
Difficulties in securing funding will delay the ONGC's deal to invest in Iran's South Pars Phase 12 gas project, as global pressure on Tehran grows over its nuclear programme.
RBI says credit up 24.42% on year to December 31
Indian banks' credit growth till December 31 was at 24.42% on year to Rs 37.63 lakh crore and that of deposits was 16.46% to Rs 49.71 lakh crore, the Reserve Bank of India (RBI) said on Wednesday.
Austria's 'Bruno' picks man as TV dance partner
A gay Austrian television celebrity thought to have inspired the Bruno film character has chosen a man as his partner for the country's next TV dance contest.
Confidence in online shopping rattled by snow: Poll
One in six Britons failed to receive at least one product ordered online in the run-up to Christmas, dampening some enthusiasm for internet shopping, according to a survey published on Wednesday.
Govt confident of settling payment row with Iran
The government expects a dispute with Iran over payment for crude oil to be settled as early as next week, ending a deadlock that has threatened to stall supplies from the Middle Eastern nation.
