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Suresh Tendulkar, an economic adviser to Indian Prime Minister Manmohan Singh, said he is urging the government to diversify its $264.6 billion foreign-exchange reserves and hold fewer dollars. “The major part of Indian reserves are in dollars — that is something that’s a problem for us,” Tendulkar, chairman of the Prime Minister’s Economic Advisory Council, said in an interview today in Aix-en-Provence, France, where he was attending an economic conference. Singh is preparing to join leaders from the Group of Eight industrialised nations — the US, Japan, Germany, Britain, France, Italy, Canada and Russia — at a summit in Italy next week which is due to tackle the global economy. China and Brazil will also send representative to the G-8 summit. As the talks have neared, China and Russia have stepped up calls for a rethink of... [read full story]
STMicroelectronics , the leading supplier of MEMS for consumer and portable applications and the third largest MEMS manufacturer overall, has expanded its portfolio with next-generation micro-machined acoustic devices.
Corning Seeks Acquisition Targets Corning is confident revenue in the current fourth quarter will come in at more than $1 billion. It has about $3 billion in cash and is seeking more acquisition targets.
Albert Einstein said several years ago that the hardest thing to understand in the world is the income tax. Ronald Reagan, one time President of the United States of America also underscored the importance of tax when he...
After made quite a buzz and name over in Korea and in the USA, Phiaton high-end headphones are now going to be available in Japan as well with 6 different models and a price ranging from 19800 to 29800 Yen. These Headphones...
