World's largest maker of coffee, bottled water and pet food, Nestle SA reported a decline in the earnings during the quarter to 10.4 billion Swiss francs against the 18 billion Swiss francs over the previous financial year. The company expects the acceleration in the sales growth volume after increasing advertising spending for the year 2010.
The company completed its current 25 billion-franc share buyback during the fiscal year 2009, and plans to start a new 10 billion-franc buyback program which is expected to have completed half of the new program current fiscal year.
Wheat yesterday traded with the negative node and settled -0.8% down at 1365.4 triggered by strong prospects of current year's rabi crop. Export demand for U.S. wheat is likely to remain firm as production woes have led to tighter supplies of higher-protein wheat. The total wheat production of Punjab may go up from 151.69 lakh tonnes last year to 154 lakh tonnes in 2011 in Punjab and Haryana might witness 114.6 lakh tonnes in 2011 from 114.6 lakh tonnes in the last year. In Delhi wheat prices gained 3.45 rupee to end at 1340.95 rupees per 10 kg. In yesterday's trading session Wheat has touched the low of 1360.6 after opening at 1372, and finally settled at 1365.4.
Waka Flocka Photos
Washington - US stocks posted sharp losses on Thursday as oil prices continued to fall and weekly jobless numbers sparked wider concerns about the state of employment in a sluggish US economy.
The job fears came ahead of monthly unemployment figures due out on Friday, and dragged down shares in Caterpillar Inc and United Technologies Corp among others. Analysts surveyed by Bloomberg News predicted a further 75,000 jobs were lost in August.
Nickel settled 0.94% up at 942.10 despite of traders remained fixated on concerns over Greece's debt woes and the fiscal outlook in the US On the macroeconomic front, the US financial cliff released positive signals. The US President and House Speaker both expected optimism over negotiation over the debt deal. t the tail of the European trading hours, the US beige book report revealed cautious optimistic expiation over the US economy, which failed to ease market concern. With regard to macroeconomic data, the US new home sales for October fell on a monthly basis from 389K to 368K.
Prithvi, the city’s theatrical nerve centre, is once again decked up in anticipation of its annual theatre festival — this year is its 31st edition.
Starting November 7, three veteran theatre troupes from across India will infuse Prithvi Theatre’s stage with diverse styles, folk flavours and languages.
“Our attempt is to showcase plurality in theatre. Each of the chosen troupes has a diverse way of rehearsing, performing and they have different and very compelling stories to tell,” said Prithvi’s face and anchor, Sanjana Kapoor of the festivals theme, Theatres of India.
Ankara - The last surviving Turkish soldier from the Turkish War of Independence died in Istanbul on Tuesday aged 105, the Anadolu news agency reported.
Gaza - Hamas has asked for three days in which to consider signing an Egyptian-mediated reconciliation agreement with the Fatah movement, Salah al-Bardawil, a spokesman for the Islamist organization, said Friday.
Fatah, the party of President Mahmoud Abbas, signed the agreement Wednesday. It seeks to end a more than two-year-old split among the Palestinians.
The 25-page reconciliation pact calls for Palestinian presidential and parliamentary elections to be held on June 28.
New Delhi, Nov 3 : The Central Bureau of Investigation (CBI) has filed FIRs in connection with Rs 35,000 crore food grain scam in Uttar Pradesh which took place between March 2004 and October 2005.
UP Chief Minister Mayawati had recommended for the CBI probe into the food grain scam on December 1, 2007.
The CBI has filed nine FIRs related to the scam - eight in Ballia and one in Lakhimpur Kheri where the scam amount was more than Rs one crore. Over 35 government officials were found to be involved in it as per the preliminary CBI probe.
Silver continued to recover on short covering from last week's correction, and technical charts suggested the metal could stabilize after bouncing off a key support level. Silver is closing the week lower at 53716. This week we saw an early bounce to the 38.2% retracement level of 59950 before setting fresh lows to 49751. We have an 8 month support line at 49500 drawn off the August and January lows. A break of this opens up a return to 40000. The Gold Silver ratio is closing higher for the third week in a row at 42.69. The key topside resistance is seen at 45.68 which is the 38.2% Fibo of the 68.34 to 31.68 down move.
London, Mar 23: Portuguese footballer Cristiano Ronaldo has found a new hobby in collecting luxury watches of every kind, and he is said to already own several of them.
Ronaldo, 24, is reportedly the proud owner of a 70,000 pounds Franck Muller timepiece, and he is now looking at investing in Rolex and Cartier watches, and timepieces from Breitling and club-sponsor Hublot.
“Ronnie is becoming more mature with his money and, although he loves cars, he now wants items which hold value,” the Sun quoted an Old Trafford source as saying.
Amsterdam - Despite an economic slowdown and a credit crisis, Dutch sex shops and businesses offering erotic services appear to be doing just fine.
A phone inquiry by Deutsche Presse-Agentur dpa among several leading sex shops and erotic business owners in Amsterdam indicates the erotic sector is relatively stable.
"Sales are going well," says Madeleine Vreekamp of Mail&Female, located in Amsterdam.
Hyderabad, Dec 8 - The health of Telangana Rashtra Samiti (TRS) chief K. Chandrasekhara Rao, who is on fast-unto-death demanding a separate Telangana state, has begun deteriorating and doctors have warned that continuing the hunger strike could endanger his life.
KCR, as Rao is popularly known, continued the hunger strike for the 10th day Tuesday at the state-run Nizam Institute of Medical Sciences (NIMS).
Mumbai, Oct 27 : Private carrier Jet Airways has posted a net loss of Rs. 406.7 crore ($90.38 million) for the quarter ended Sep 30 as compared to a loss of Rs. 384.5 crore reported during the like period last year.
The airline's total income during the quarter under review was Rs. 2,381 crore, down from Rs. 3,258.4 crore a year earlier, Jet said in a regulatory statement Tuesday.
Flying Air India towards the end of this month? You might want to consider changing your plans.
After several threats to go on strike, the Indian Commercial Pilots’ Association (ICPA), a union formed by 800 former Indian Airline pilots, has sent a 14-day strike notice to the Air India management on Monday.
As per the notice, pilots who nearly fly 23,000 passengers daily would stop operations from November 24 evening if the airline fails to clear their outstanding salaries by November 10.
Brody Jenner Photos
Iran has now produced a stockpile of nuclear fuel that experts say would be enough, with further enrichment, to make two nuclear weapons, a United Nations Security Council (UNSC) report revealed on Monday.
Iran has now produced over 5,300 pounds of low-enriched uranium, all of which would have to undergo further enrichment before it could be converted to bomb fuel, the inspectors reported on Monday.
Dhaka - Tropical squalls sank a fishing trawler off the Bangladesh coast, drowning at least five fishermen in the turbulent waves of the Bay of Bengal, local officials said on Wednesday.
Rescuers picked up bodies of five fishermen from the water after gale winds and heavy showers battered the nearby beach resort city of Cox Bazar, 340 kilometres south of capital Dhaka, late Tuesday.