Reuters
Super rich hold $32 trillion in offshore havens
Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research p
Nokia looks to revamp marketing strategy: Report
Nokia is considering ripping up its traditional mass marketing strategy ahead of the unveiling of its new Windows 8 smartphone in the autumn, the Financial Times reported on Monday.
The mobile phone
Reliance Communications shares drop after shelving unit's Singapore IPO
Shares in Reliance Communications dropped more than 3 per cent on Monday after shelving a planned Singapore initial public offering for its undersea cable unit, citing unfavourable market conditions.
Weather-driven food inflation another headache for India
Faced with slowing economic growth and a dangerously high balance of payments deficit, about the last thing India needs is food prices pushing inflation higher, but that is just what the weather gods are brewing.
Retailers fall after renewed opposition to FDI reform
Shares of retailers fell sharply on Monday after a key ally of the ruling Congress party voiced fresh opposition to government efforts to open India's $450 billion retail sector to foreign supermarkets like Wal-Mart stores.
After 18 years, Putin signs Russia into WTO
President Vladimir Putin has signed Russia’s accession to the World Trade Organisation into law, completing an 18-year campaign to join the trade rules club, the Kremlin press office said on Saturday.
Egyptians throng former spy chief Suleiman’s funeral
Thousands of well-wishers and Egypt's military brass gathered on Saturday for the funeral of the country's former intelligence chief Omar Suleiman, a key figure in the fallen Mubarak regime who died this week in hospital in the United States.
Clandestine loans were used to fortify Greek bank
The chairman of one of Greece's largest banks and his family took out loans totaling more than 100 million euros to finance an undisclosed stake in the bank, according to audit documents seen by Reute
Monsoon revives, drought risks ease for now
The monsoon rains have revived and are expected to remain active at least until the end of this month, weather officials said on Friday, easing risks of a drought for now and helping planting to pick
Scientists try to crack monsoon source code
Scientists aided by supercomputers are trying to unravel one of Mother Nature’s biggest mysteries — the vagaries of the summer monsoon rains that bring life, and sometimes death, to India every year.
