Obama asks Americans for patience on economy
President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for US exports, countering criticism he had returned empty-handed.

India to press for reforms in WTO functioning
In the run-up to the seventh WTO Ministerial Meeting in Geneva beginning November 30, India has proposed urgent reforms in the functioning of the multilateral trade body.

US electric carmaker Tesla prepares IPO
US electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

Indian economist Siddharth Tiwari appointed to key IMF post
With a proven track record in managing complex work programmes, Indian economist Siddharth Tiwari has been named as the Secretary of the IMF by its Managing Director Dominique Strauss-Kahn.

US newspaper ad revenue down nearly 28 percent
US newspaper advertising revenue fell by nearly 28 percent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies.

Honda tops again in efficiency on US roads
Japan`s Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the US government projections for 2009 showed on Friday.

Hershey mulls $17 bn solo bid for Cadbury: Source
Hershey Co is considering launching a bid of at least USD 17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.

ICICI Bank, HUL among world`s best cos for leaders
Indian private sector lender ICICI Bank and global consumer goods giant Unilever`s India-based subsidiary have been named in a list of world`s 10 best companies for leaders.

Oil prices dip as inventories stay high
Oil prices dropped on Friday and were likely to stay under USD 80 because of high energy inventories in the United States, the world`s biggest energy-consuming nation, analysts said.

Nokia to axe 330 jobs in Finland, Denmark
Handset giant Nokia on Friday said it will cut around 330 jobs in Finland and Denmark, as part of streamlining research and development operations.