News archive for ‘Business’

Indians grab one-third of US H-1B Visas for the year 2009

Indians grab one-third of US H-1B Visas for the year 2009

Even as there was a slump for US H-1B visas in the past two years, Indian professionals grabbed one-third of the total visas issued in 2009. H-1B program is used by US business to employ foreign workers in speciality occupations requiring theoretical or technical expertise in fields, such as scientists, engineers, or computer programmers. In [...]

AgBank of China makes record breaking Share Sales

AgBank of China makes record breaking Share Sales

AgBank marks the completion of China promise to give ‘big four’ banks to the public as China takes a big leap ahead in developing its rural regions. The Agricultural Bank of China has a share stock worth $23.2 bn in the world market. The bank plans to float its shares in the Hong Kong and [...]

Trade pact signed by Taiwan and China

Trade pact signed by Taiwan and China

Chiang Pinkung the leader of Taiwanese Delegation rightly states, that the signing of the landmark trade agreement between China and Taiwan is not just an important milestone for strengthening the economic ties between the two countries, but it is also a huge step towards integration and globalization. China and Taiwan have been hostile for over [...]

Light of hope for Google users in China

Light of hope for Google users in China

The spat between Google and China has been going on for many months now.  Google had accused the Chinese authorities of subjecting the search engine to cyber attacks and censorship in the country. According to latest reports, Google has made an announcement stating that it will automatically stop redirecting Chinese users to their Hong Kong [...]

Apple iphone 4 hits record sale, over 1.7 million sold in 3 days

Apple iphone 4 hits record sale, over 1.7 million sold in 3 days

The new Apple iPhone has managed to capture the consumers imagination as it  made record breaking sales in the first three days . It sold over 1.7 million units of the iphone model in the first three days since it entered the market. This also signifies that the new Apple iPhoen is the only product [...]

Viacom loses copyright case against Youtube

Viacom loses copyright case against Youtube

YouTube has proved it that Copyright is a potential impediment to free expression and is no less than a engine of free expression. Thus eventually YouTube emerged victorious as the court has passed its judgment in favor of YouTube, when it’s authenticity was challenged by Viacom which is a major entertainment corporation in the US. [...]

Eurogroup President Juncker not worried by Euro and Hungary debt crisis

Eurogroup President Juncker not worried by Euro and Hungary debt crisis

Paris – Mr. Jean-Claude Juncker, the chairman of the Eurogroup of euro zone finance ministers, said the current status of the euro did not worry him much and dismissed the statement by Hungary that it would also face the Greek-style debt crisis. Mr. Juncker who is also the Prime Minister of Luxembourg and who heads [...]

Australia to investigate Google operations

Australia to investigate Google operations

Sydney – On Sunday, Australia has announced a police inquiry into the alleged illegal practice of the Google in seeking private information from the wireless networks. The country is to probe the web giant’s “Street View” mapping service, as more and more people and the regulators are complaining about the lenient attitude of the Google [...]

G-20 finance leaders pledge to curb deficits to strengthen Global economy

G-20 finance leaders pledge to curb deficits to strengthen Global economy

Busan, South Korea – All the financial leaders from across the globe pledged to move ahead on curbing deficits while crafting out the financial reforms in the wake of recovering the plunging global economy, on Saturday. The group of 20 countries welcomed the economic measures taken up by the European Union, the European Central Bank [...]

Oil spill clean up costs to be “severe” :BP

Oil spill clean up costs to be “severe” :BP

London – On Friday, the BP CEO Mr. Tony Hayward tried reassuring the investors and the share holders on the fallout of the oil spill, expressing that the company has enough “firepower” to deal with the “severe” costs for the clean up. This was the first ever penitent note by the CEO of the company [...]