Asian shares ease as growth worries weigh
TOKYO - Asian shares eased on Tuesday after sentiment was weakened by data showing Germany's business confidence dropped in September, and a weak earnings forecast from Caterpillar Inc , both of which underscored worries about a global growth slowdown.
Gold edges up; ETF holdings hit record high
SINGAPORE - Gold inched up on Tuesday, recovering from a one-week low hit in the previous session when the precious metal dipped together with other commodities as weak German data fanned worries about global growth, giving the dollar a boost.
Govt OKs bailout for power cos; no reforms
The cabinet approved a plan to bail out cash-strapped power distributors saddled with more than $35 billion in debt, but which analysts said offered little to reform a sector whose dysfunction has exacerbated a growth-sapping energy crisis. Full Article
Aishwarya Rai named U.N. HIV/AIDS envoy
The United Nations appointed Bollywood actress Aishwarya Rai Bachchan a goodwill ambassador on Monday, with a mission to help stop new HIV infections in children and promote increased access to anti-retroviral treatment. Full Article
'Iran ready to defend against Israeli attack'
Iran does not take seriously Israeli threats of attack, but is prepared to defend itself, Iranian President Ahmadinejad said. Full Article
Apple sells out of iPhone 5; sales top 5 million
The company sold out of its latest smartphone, with more than 5 million iPhone 5 sales in the three days after it hit stores, Apple said on Monday. Full Article | Inside the iPhone 5
Strong rupee helps improve demand for gold
Gold demand in India rose after prices fell to their lowest level in more than two weeks following a drop in the world market and on a strong rupee, luring jewellers replenishing inventory for festivals. Full Article
Latest Headlines
Floods, landslides displace 1 million
Floods and landslides caused by relentless rain in northeast India have killed at least 33 people and displaced more than a million over the past week, officials said. Full Article
India in depth: Twin deficits joined at the hip
India's yawning trade deficit is not a separate problem from the government's budget shortfall. They are two sides of the same coin. The connection between them becomes evident when one looks at the current account gap not as the excess of imports over exports, but as the difference between the country's investment and savings. Full Article
OPINION
Unfortunate that Pakistan minister announces bounty on maker of anti-Islam film
A federal minister in Pakistan has promised $100,000 for the head of the maker of an obnoxious anti-Islam film, according to media reports. This is an unfortunate development when Pakistan, among many other Islamic states, is failing to moderate the venom that has been unleashed after learning about the film, "Innocence of Muslims". Full Article
India's "revolutionary" anti-graft movement splits
It was seen as a revolutionary anti-graft movement, which last year not only drew tens of thousands of Indians united against corruption onto the streets, but also stopped parliamentary proceedings and dominated the headlines for days on end. But 18 months on, India Against Corruption (IAC) have announced they are splitting. Full Article
Banning quote approval sounds good, but can it work?
While many inside and outside the NYT praised the development of a formal and public policy to repel control-freak sources, in practice it’s hard to imagine it making much difference. Besides, there are a dozen other ways sources can make reporters dance to their tune. Freeze them out. Give them kibble while giving other reporters sirloin. Opinion
T20: Windies through to super eight
West Indies qualified for the Twenty20 World Cup super eight stage without winning a game after their final Group B match against Ireland was abandoned because of rain. Full Article
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