FDA Alerts Recall of certain Pistachios.

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Mercy James thought she had lost her rental property here to foreclosure. A date for a sheriff’s sale had been set, and notices about the foreclosure process were piling up in her mailbox. (more…)

As the G20 summit in London draws closer, developing countries like India want to play a bigger role. Our India correspondent, Damian Grammaticus, has been to the booming city of Gurgaon near Delhi to gauge the scale of India’s economic progress. (more…)

“In 2005 I sold a few acres of land to the north of Chennai for about Rs 10 lakh an acre, since then it changed hands thrice, each time appreciating in value, and was last sold at Rs 65 lakh an acre. And within four years it is back for sale again for Rs 40 lakh an acre and there are no takers,” says Mr K. V. Thirupathiaiah, Chairman, KVT Group of companies.

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When he bought the four-bedroom apartment in Unitech Grande on the outskirts of New Delhi 22 months ago, the hefty price tag of Rs2.75 crore didn’t deter him. The economy was humming, the markets surging and nothing, it seemed, could go wrong. (more…)

Folks you have been warned. Take protection in your portfolio against the dollar tanking at short notice just like the US stock market tanking. Do not say that you were not warned. Convert to your Indian Rupees as much money as possible. Also for open USD position buy take a look at Currency ETF from Powershares such as UUP, Proshares EUO.

China is assuring the US it will do nothing to weaken the position of the dollar as the main international currency. But it is also using the financial crisis to urge foreign countries to settle payments in yuan instead of the US dollar. (more…)

For a resale flat one has to consider value of land, estimated life of building, age of building and facilties available. (more…)

A reserve currency system based on an IMF unit instead of the U.S. dollar, a proposal floated by China, could be phased in within a year, Nobel Prize-winning economist Joseph Stiglitz said on Thursday. (more…)

Proposals for creating a new global reserve currency to replace the U.S. dollar are gathering momentum but need further examination, Germany’s development minister said on Friday. (more…)

Uncertainty in the job market has led to the introduction of a product that covers the risk of being laid off. Besides assuaging employees, the product could provide reassurance to wary lenders. (more…)