Business News

Australian regulator approves bank merger Posted: 13 Aug 2008 02:32 AM CDT SYDNEY, Australia (AP) _ Australia's competition watchdog said Wednesday it will not oppose a merger between Australia's St.

India oil min rules out fuel price cut, diesel demand soars Posted: 13 Aug 2008 02:30 AM CDT NEW DELHI (Reuters) - India's diesel demand is growing at an unexpectedly high rate of 23-24 percent, the oil minister said on Wednesday, causing shortages in some regions.

China Haier says no plan to buy GE appliance unit Posted: 13 Aug 2008 02:26 AM CDT SHANGHAI, China (AP) _ China's Qingdao Haier Group Corp. on Wednesday issued a statement denying reports it might ally with private equity firm Blackstone Group LP to buy General Electric's appliance unit.

India inflation could climb higher - official Posted: 13 Aug 2008 02:25 AM CDT NEW DELHI (Reuters) - India's headline inflation rate, which is hovering at a 13-year high, could rise further, the outgoing chief of Prime Minister Manmohan Singh's Economic Advisory Council said on Wednesday.

NMDC says to sign iron ore pact with Rio Tinto Posted: 13 Aug 2008 02:24 AM CDT By Biman Mukherji

India to grow 7.7 pct in 08/09, fiscal stress growing Posted: 13 Aug 2008 02:19 AM CDT By Surojit Gupta and Rajkumar Ray

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