TopNews

London - Disappointed James Blake Monday issued a plea for a reduction in the ATP schedule after crashing to his worst defeat at Wimbledon.

The American who played the final on grass at Queen's club eight days ago against Andy Murray, was bundled out in straight sets by Italy's Andreas Seppi 7-5, 6-4, 7-6
(7-5) in the first round, duplicating his 2005 showing.

The defeat left the 29-year-old puzzling over what went wrong - and he thinks that a killed calendar is not doing any player any good.

London - Disappointed James Blake Monday issued a plea for a reduction in the ATP schedule after crashing to his worst defeat at Wimbledon.

The American who played the final on grass at Queen's club eight days ago against Andy Murray, was bundled out in straight sets by Italy's Andreas Seppi 7-5, 6-4, 7-6
(7-5) in the first round, duplicating his 2005 showing.

The defeat left the 29-year-old puzzling over what went wrong - and he thinks that a killed calendar is not doing any player any good.

On the international trade, the global financial slowdown weighed and strikes the shipping industry heavily in the last quarter of financial year 2009. Shipping Corporation of India (SCI) registered lower profits multiple due to volatility in prices.

In Shipping PSU major, the government has 80.12% stake. As well, an interest coverage ratio of SCI is above 17 for financial year 2009 and is greater than an interest coverage ratio of the largest private sector player, GE Shipping. As well, present dividend yield of SCI at 5.4% which is greater than dividend yield of GE Shipping.

On July 7, a day after the Union Budget, the Reserve Bank of India (RBI) will meet with the CEOs of large banks to discuss various issues about credit policy and interest rates.

Interest rate and poor loan demands could be discoursed with Mr. D Subbarao, Governor of RBI. The 3 Deputy Governors will also be there in the meeting. In the said meeting, the budget propositions could also be computed.

The CEO of State owned Bank said, "Given the ample liquidity in the system and low credit off take, it's improbable that bankers would ask a cut in key interest rates."

GSS America Infotech Ltd, in a bid to increase its presence in United States, has announced to acquire a U. S.-based IT firm engaged in infrastructure domain since several years. The move, already approved by the Board of Directors of the Company on June 20, 2009, may result to generate significant revenue for the company due to increased cross selling opportunities with the already existing clients.

Taipei - Taiwan lawmakers voiced concern Monday about the island's aircraft company's cooperation with a Chinese plane manufacturer to develop passenger aircraft.

Lawmaker Lin Yu-fang from the ruling KMT party said the Aviation Industry Development Corp (AIDC) built Taiwan's own Indigenous Defence Fighter, and that 80 per cent of AIDC's business is related to national defence.

"So AIDC must be very careful in in its corporation with China. It should place national security above making money," he said.