Latest India Headlines
All the headlines from our India Topic Page, ordered by recency.
Buffett to Visit India, Won’t Rule Out Insurance Investment
May 3 2010 // Warren Buffett said Saturday he plans to visit India next March, and would not rule out the country for possible future investments. Speaking at Berkshire’s annual meeting in response to a shareholder question,...
Earnings Pressure Encouraging Corporate Fraud in India: Survey
Apr 6 2010 // The incidence of corporate fraud, particularly financial statement fraud, is rising in India, largely due to pressure to meet earnings targets and weak internal control systems, a survey by consultancy KPMG showed. More...
EU Trade Chief Says U.S. Must Make First Move to Restart Doha Round
Mar 23 2010 // The European Union cannot make more concessions on farm trade to restart stalled world trade talks and the United States must make the first move, the EU’s new trade chief said on Monday. The ball was not in the...
Ratings Recap: GIC India, Top Layer Re, AIA (Australia), PartnerRe (notes)
Mar 15 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of General Insurance Corporation of India (GIC), both with stable outlooks. The ratings...
China and India Endorse Copenhagen Climate Change Agreement
Mar 10 2010 // China and India joined almost all other major greenhouse gas emitters on Tuesday in signing up to the climate accord struck in Copenhagen, boosting a deal strongly favored by the United States. More than 100 nations have...
Trade Ministers at Davos Express Pessimism on Reaching WTO Accord
Feb 1 2010 // Trade ministers expressed gloom on Saturday, January 30, about the prospects of concluding stalled global trade liberalization talks this year, with many blaming the United States for foot-dragging. Ministers from about 20...
Ratings: RSA Canada, Korean Re, New India, Labuan Re, Al-Ahleia, Generali/Volksfuersorge, GCAN
Jan 28 2010 // A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of Royal & Sun...
Cargo Ship and Tanker Hijacked off Somali Coast
Jan 4 2010 // A cargo ship and a chemical tanker have both been hijacked by pirates in the perilous waters off the coast of Somalia, bringing to four the number of ships seized in the past week, officials said Saturday. The multiple...
Special Reuters Report: America’s Route to Recovery
Dec 29 2009 // When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school...
Allianz Forecasts Emerging Asian Markets to Lead Global Growth in 2010
Dec 10 2009 // An anlaysis from Allianz Insurance Management Asia Pacific concludes that regional GDP is expected to grow by 6.7 percent in 2010, with Asia contributing “almost 39 percent to next year’s global economic...
China, Other Big Developing Countries Reject Copenhagen Climate Plan
Dec 3 2009 // China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said Wednesday. China, the...
Climate Talks Now ‘in the Balance,’ But Some Hints of Progress
Oct 20 2009 // Prospects for a new U.N. climate pact in December remained in the balance after talks among big emitters on Monday but with signs of action by Brazil, India and Australia. “It’s more do-able today than...
Doha Round Talks Now an ‘End-Game’ Says Australian Trade Minister
Sep 3 2009 // The World Trade Organization’s Doha round to free up trade is nearly complete and world leaders are voicing the political will to reach a deal next year, Australian Trade Minister Simon Crean said on Wednesday. But...
AIG to Sell Hong Kong Consumer Finance, India IT Units
Aug 12 2009 // American International Group, seeking to raise cash to repay around $180 billion in bail-out loans, has agreed to sell its Hong Kong consumer finance and India-based IT services units. China Construction Bank (CCB) Asia,...
El Nino Weather Pattern Increasing Says Australian Weather Bureau
Jul 8 2009 // The development of an El Nino weather pattern is increasing and at this stage may be a medium-strength event, but it could take months for it to be officially declared, Australia’s weather bureau said. “We are...
Microinsurance Industry Sees Profits from the Poor
Jun 25 2009 // Slum-dweller Krustin bin Juri lost everything when floodwaters swept through his home and shop on the banks of Jakarta’s filthy Ciliwung river two years ago. But when the next flood hits, and it will because Jakarta...
New Aon Terrorism Threat Map Shows Shift in Sphere of Conflict
Jun 3 2009 // Aon has just issued the latest version of its “Terrorism Threat Map.” The most significant change from previous maps shows a “shift in Islamist terrorist activity from the Middle East to South...
UPDATE: Cyclone Aila Death Toll up to 168 in India, Bangladesh
May 28 2009 // The death toll from Cyclone Aila in eastern India and Bangladesh rose to at least 168 on Wednesday, officials said, while heavy rains after the storm caused deadly mudslides and slowed rescue efforts. The toll was expected...
40 Killed as Cyclone Aila Hits India, Bangladesh
May 27 2009 // The death toll from Cyclone Aila reached 40 on Tuesday after it lashed eastern India and Bangladesh and stranded thousands in their flooded villages, officials said. The storm destroyed nearly 3,000 thatched and mud houses...
Credit Insurer Coface Downgrades 28 Countries, 19 on Negative Watch
Apr 10 2009 // Trade credit insurer Coface notes that the current “credit crisis, which entered its second phase in the fourth quarter of 2008, is worsening in all regions. After observing a decline in the average financial...
