Weekly news


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Weekly news

  1. 1. WEEKLY NEWS<br />
  2. 2. Center for "First Wave" Management & Economics News Study <br />India has called for an early conclusion of the India-Asean agreement on services and investment which would encourage movement of professionals and flow of investments between the two.<br />In a meeting with Singaporean trade minister Lim Hng Kiang, commerce and industry minister Anand Sharma stressed on the need for concluding the agreement soon.<br />The Singaporean minister, too, underscored the need for having the agreement on services and investment between Indian and the Asean countries in place soon, an official release said. The India-Asean free trade agreement on agricultural and industrial goods has already been implemented since the beginning of the current year.<br />
  3. 3. <ul><li>Ford aimed to get back the investment grade rating that it lost in 2005 in 2012, or by the end of 2011, the Wall Street Journal said in August, citing people familiar with the situation. Ford cut its automotive debt by $7 billion in the second quarter and ended the quarter with $27.3 billion of automotive debt. Mulally reiterated Ford's plans to be solidly profitable this year with a positive cash flow from and said the group would do even better in 2011. Mulally expected the U.S. car market to grow at a pace of 3-5 percent in the future, while the global market would expand at 5-10 percent.</li></ul>Ford CEO sees zero net debt by 2011- report<br />
  4. 4. Ford, the only large U.S. automaker to avoid bankruptcy last year, borrowed more than $23 billion in late 2006, putting up nearly all of its remaining assets, including the familiar blue oval logo to maintain a cash cushion for its turnaround. <br />CONTD…….<br />
  5. 5. Going by past records, when hosted the first in 1951, followed by the 9th Asian Games in 1982, the Commonwealth Games CWG) 2010 are speculated to have far-reaching consequences not just for the sports in the country, but also in the fields of economy, tourism, transport and culture. The 2010 is expected to give Indian sports the muchneeded shot in the arm, similar to the impetus it has received after hosting the Asian Games in 1982 when it finished with an impressive 57-medal tally. When women’s hockey debuted in the 1982 Asian Games, India had the distinction of winning the first gold medal. P.T. Usha’s success saga also has its origins in the 1982 Asiad in which she won two gold medals in the 100 meters and 200 meters, respectively. <br />Commonwealth Games: It’s our sporting glory<br />