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Business News from Daily India


U.S. markets mixed on Thursday morning
U.S. stock indexes were mixed in midmorning trading Thursday after the U.S. government said jobless claims had increased on the week.

Egypt's status grows, but struggles remain
Economic growth in Egypt has spurred foreign investment but done little for the country's working class, economic analysts said Thursday.

Initial unemployment claims rises in week
First-time claims for U.S. unemployment insurance increased during the week ending May 10, the U.S. Department of Labor reported Thursday.

United Way sets lofty 10-year goals
The United Way of America announced 10-year goals and said that the United States was at "a crossroads" regarding social initiatives.

Poll: Economic views bleak but steady
Attitudes about the U.S. economy are holding steady at fairly pessimistic levels Gallup Poll researchers said Thursday.

Crude oil prices climb Thursday morning
Crude oil prices climbed to nearly $125 a barrel Thursday on the New York Mercantile Exchange after dipping on a report that U.S. oil inventories had increased.

Citi commits US$1.5 million to ISB to promote financial inclusion for small investors and enterprise
Citi India today announced a three-year programme with the Hyderabad-based Indian School of Business (ISB) to study, develop and recommend measures that will promote financial inclusion and improve capital markets access for small investors and enterprises.

Citi commits US$1.5 million to ISB to promote financial inclusion for small investors and enterprise
Citi India today announced a three-year programme with the Hyderabad-based Indian School of Business (ISB) to study, develop and recommend measures that will promote financial inclusion and improve capital markets access for small investors and enterprises.

Microfinance Insights Magazine releases survey report on human resource challenges
Microfinance Insights (www.microfinanceinsights.com), the quarterly print publication that covers the sector, conducted an online survey on Human Resources Challenges and Solutions to find out more about the challenges in the microfinance sector.

Cholamandalam DBS launches online share trading
Cholamandalam DBS Finance Limited, a joint venture between the Rs. 9582 crore Murugappa Group and DBS Bank of Singapore, today announced the launch of CholaDBS Direct, an online investment portal aimed at retail investors and traders.

Broadcom execs charged with options fraud
The Securities and Exchange Commission Wednesday filed fraud charges against the co-founders of California chip maker Broadcom, court papers show.

Weather breaks hit grain prices
Corn, wheat and rice traded lower Wednesday on the Chicago Board of Trade as forecasts for drier spring weather could allow corn planting to hit its stride.

UPI NewsTrack Business
U.S. stock indexes held onto gains Wednesday as crude oil prices eased slightly and the government reported inflation rose marginally in April.

Fraudster ordered to repay $10 million
A federal court ordered a Montebello, Calif., man to repay $10 million for his part in an $80 million fraud case, the U.S. Justice Department said Wednesday.

U.S. market gains hold Wednesday
U.S. stock indexes held onto gains Wednesday as crude oil prices eased slightly and the government reported inflation rose marginally in April.

Heating oil prices ease slightly Wednesday
Crude oil prices dropped to an even $124.00 per barrel Wednesday on the New York Mercantile Exchange on a report U.S. inventories had increased.

Mexican truckers in political cross hairs
An agreement to allow U.S. trucks deep into Mexico and gives Mexican trucks freer access to U.S. roads has hit political potholes, observers say.

Mexican truckers in political cross hairs
An agreement to allow U.S. trucks deep into Mexico and give Mexican trucks freer access to U.S. roads has hit political potholes, observers say.


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