Basic Materials


Greenland in political chaos as three ministers step down

COPENHAGEN, Oct 1 - Three Greenlandic ministers stepped down from the government on Wednesday to press Prime Minister Aleqa Hammond to quit after she was accused of misuse of state money on private flights and hotels for family members.

9:26pm IST

Israel's Adama to buy Chinese companies ahead of planned NYSE listing

JERUSALEM, Oct 1 - Israel-based agricultural group Adama said on Wednesday said it signed a deal to acquire a group of Chinese companies as it seeks to bolster its market position in China ahead of a planned New York share offering.

8:54pm IST

UPDATE 2-Russia's Sberbank files lawsuit against indebted Mechel

* VTB says it will drop lawsuit if payment agreement reached

8:31pm IST

UPDATE 1-Broker ICAP enters race to replace century-old gold fix

* LBMA and gold fix administrators requested proposals last month

7:58pm IST

U.S. construction spending hits highest level in 5-1/2 years

WASHINGTON, Oct 1 - U.S. construction spending rebounded strongly to hit its highest level in more than 5-1/2 years in July as private construction increased and state and local government outlays surged, in a further sign of vigor in the economy.

7:30pm IST
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Exclusive - India set to run out of critical free drug for HIV/AIDS programme

NEW DELHI - India could run out of a critical medicine in its free HIV/AIDS drugs programme in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month.