World Economy News, World Business News, World News, US economy, Financial News in World
Business Today

The auto major posted a profit of about $314 million for the January-March quarter in the wake of the earthquake and tsunami. It had a net of $1.38 billion in the same period last year.

The Zain Group records consolidated revenues of USD 1.163 billion (KWD 324.4 million), reflecting a positive 1 per cent increase vis-a-vis the same period in Q1-2010.
Benchmark crude for June delivery was down $1.56 at $112.37 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.
The rating agency cut it's outlook to "negative", which normally means there is a one-third chance of a downgrade of the ratings in the next two years.
The World Bank said China's economic growth has remained resilient as the macro stance moved toward normalisation and the economic outlook remains broadly favourable.
New York's main contract, light sweet crude for delivery in June, rose $1.18 to $98.36 a barrel. Brent North Sea crude for June delivery gained 52 cents to $109.65.
Since April 25, 12 jury members have been deliberating on the 14 counts of securities fraud and conspiracy charges levied against the main accused Raj Rajaratnam.
The jury is presently in deliberation over the charges of 14 counts of securities fraud and conspiracy against Galleon Group founder Raj Rajaratnam.