The Reserve Bank of India has cut interest rates by 25 basis points in a surprise announcement, days after the new right-wing government's first full-year budget

India makes surprise interest rate cut to 7.5%

AFP News - India's central bank cut interest rates by 25 basis points on Wednesday in a surprise announcement, days after the new right-wing government's first full-year budget. The Reserve Bank of India (RBI…

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  • Asia stocks down after US fall as China growth goal eyed

    Asia stocks down after US fall as China growth goal eyed

    BEIJING (AP) — Asian stock markets were mostly lower Wednesday after Wall Street declined and investors looked ahead to U.S. economic data and China's announcement of its annual growth target. More »

    Associated Press - 26 minutes ago
  • Houseplants That Purify Air: Part 3

    Houseplants That Purify Air: Part 3

    Air pollution is a concern in the home as much as at a busy, trafficked intersection. Indoors, our air is exposed to an array of chemicals, fumes, and some "volatile organic compounds" (VOCs) commonly released by solvents, paints, adhesives, and other innocuous household items that we use without knowing of their risks. Formaldehyde, used in paint, is a common culprit. These houseplants, according to NASA, can purify the air of VCOs and other pollutants and odors. More »

    Property24 Philippines - 34 minutes ago
  • Asia markets mostly lower after Wall St losses

    Asia markets mostly lower after Wall St losses

    Asia markets mostly fell Wednesday following a retreat on Wall Street fuelled by profit-taking, with Tokyo hit by a stronger yen and Sydney dipping after data showed Australia's economy grew slower than expected last year. With few trading cues investors are keeping a watch on the start of China's annual parliament meeting Thursday as well as European Central Bank details on its new bond-purchase scheme. Tokyo slid 1.01 percent, Sydney shed 0.56 percent, Hong Kong lost 0.24 percent and Seoul eased 0.13 percent. "The lack of fresh sparks has prompted investors to take profits and wait for new signals," Matthew Sherwood, Sydney-based head of investment markets research at Perpetual Ltd., told Bloomberg News. More »

    AFP News - 1 hour 5 minutes ago
  • Democrats scramble to defend Hillary Clinton over email flap

    Democrats scramble to defend Hillary Clinton over email flap

    By Steve Holland and Amanda Becker WASHINGTON (Reuters) - Democrats scrambled on Tuesday to contain the fallout for Hillary Clinton, their favored 2016 presidential candidate, after allegations she inappropriately used her personal email for work while secretary of state. The Clinton camp quickly sought to discredit a New York Times report published late Monday that said her exclusive use of a personal email account from 2009 through 2013 and a lack of email preservation may have run afoul of the Federal Records Act. The report got wide play, largely because it fuels a political narrative from Republicans that Clinton and her husband, former President Bill Clinton, are obsessed with secrecy and seek to play by a different set of rules. Clinton spokesman Nick Merrill, however, said Clinton had followed both the "letter and spirit of the rules" while she was secretary of state. More »

    Reuters - 1 hour 28 minutes ago
  • How To Buy Your First Car

    How To Buy Your First Car

    So you’ve had enough of your jeep/bus/MRT commute and you think you’re ready to buy your first car. Congratulations! A … The post How To Buy Your First Car appeared first on iMoney.ph. More »

    iMoney Philippines - 2 hours 37 minutes ago
  • Australia's economy grows 0.5% in December quarter, 2.5% on-year

    Australia's economy grows 0.5% in December quarter, 2.5% on-year

    Australia's economy remained soft in the fourth quarter of 2014 as growth continued to be driven by exports, data showed Wednesday, fuelling expectations of further interest rate cuts. "Overall growth was still subdued at the end of last year, but some of the detail was encouraging," Barclays' chief economist for Australia Kieran Davies said. "We had the strongest increase in consumer spending in a few years and non-mining business investment looks to be doing a bit better." Net exports continued to support growth, expanding 0.7 percentage points for the quarter while consumption spending lifted by 0.6 percentage points. Business inventories weakened, falling 0.6 percentage points. More »

    AFP News - 2 hours 46 minutes ago
  • Congress sends Homeland bill to Obama without conditions

    Congress sends Homeland bill to Obama without conditions

    WASHINGTON (AP) — Bitterly admitting defeat, the Republican-controlled Congress sent legislation to President Barack Obama on Tuesday that funds the Department of Homeland Security without any of the immigration-related concessions they demanded for months. More »

    Associated Press - 3 hours ago
  • Alibaba opens first U.S. cloud center, enters hotly contested market

    Alibaba opens first U.S. cloud center, enters hotly contested market

    By John Ruwitch and Paul Carsten HANGZHOU, China (Reuters) - Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition. The new California data center marks the Chinese company's latest measured expansion onto American soil, and into a hotly contested U.S. market now dominated by Amazon.com Inc , Microsoft Corp and Google Inc. Alibaba's Aliyun cloud division intends the new data center to cater initially to Chinese companies with operations in the United States, including retail, Internet and gaming firms. More »

    Reuters - 3 hours ago
  • U.S. military's Mosul briefing inaccurate, misguided, Carter says

    U.S. military's Mosul briefing inaccurate, misguided, Carter says

    A U.S. military official who briefed news media about Iraq's upcoming offensive to retake Mosul provided inaccurate information but should never have publicly discussed war plans anyway, Defence Secretary Ash Carter said on Tuesday. Carter's criticism of the February news briefing by an official from the U.S. military's Central Command was accompanied by an assurance from the top U.S. military officer to Congress that the matter was subject to an internal inquiry. Two influential Republican senators on the committee, John McCain and Lindsey Graham, sent a letter to the White House on Feb. 20, complaining about the briefing, which predicted a Mosul offensive likely to start in April or May, involving 20,000 to 25,000 Iraqi and Kurdish forces. Mosul, which had a population of more than 1 million people, was captured by Islamic State fighters in June and is the largest city in the group's self-declared caliphate, a stretch of territory that straddles the border between northern Iraq and eastern Syria. More »

    Reuters - 3 hours ago
  • Agents target industry helping Chinese women have US babies

    Agents target industry helping Chinese women have US babies

    IRVINE, Calif. (AP) — Federal agents searched three dozen homes Tuesday in California during a crackdown on so-called maternity tourism operators who arrange for pregnant Chinese women to give birth in the U.S., where their babies automatically become American citizens. More »

    Associated Press - 3 hours ago
  • Airlines stop accepting rechargeable battery shipments

    Airlines stop accepting rechargeable battery shipments

    WASHINGTON (AP) — Two major U.S airlines say they will no longer accept rechargeable battery shipments as new government tests confirm that explosions and violent fires are likely to occur when large numbers of batteries enclosed in cargo containers overheat. More »

    Associated Press - 4 hours ago
  • Western leaders hint at more Russian sanctions over Ukraine

    Western leaders hint at more Russian sanctions over Ukraine

    U.S. President Barack Obama and European leaders on Tuesday warned Russia that they were ready to step up sanctions if there were further violations of a ceasefire agreement in Ukraine, officials said. The virtual meeting took place amid continuing violence in Ukraine despite the two-week-old ceasefire accord reached in Minsk. White House spokesman Josh Earnest said Obama used the call to condemn Russia for not following through on its agreements. "It was an opportunity ... for the president to condemn the continuing failure of Russia and the separatists it backs to abide by the commitments to which they agreed," Earnest said. More »

    Reuters - 4 hours ago
  • Target to cut $2B in costs, including several thousand jobs

    Target to cut $2B in costs, including several thousand jobs

    NEW YORK (AP) — Target Corp. is cutting several thousand jobs as part of a plan to eliminate $2 billion in costs over the next two years. More »

    Associated Press - 4 hours ago
  • Uber buys mapping startup deCarta: Mashable

    Uber buys mapping startup deCarta: Mashable

    (Reuters) - Ride service Uber is buying mapping and search startup deCarta for an unspecified amount, technology website Mashable said on Tuesday, citing an Uber representative. Uber would buy deCarta's technology and talent through the deal, which closes later this week, Mashable reported. DeCarta provides a software platform that focuses on location-based service technology, including mapping, routing and turn-by-turn navigation. Thirty out of 40 deCarta employees will remain with the company, including Kim Fennell, chief executive officer and president, the website said. ... More »

    Reuters - 4 hours ago
  • AP Exclusive: Airlines reject rechargeable battery shipments

    AP Exclusive: Airlines reject rechargeable battery shipments

    WASHINGTON (AP) — Two major U.S airlines say they will no longer accept rechargeable battery shipments as new government tests confirm that explosions and violent fires are likely to occur when large numbers of batteries enclosed in cargo containers overheat. More »

    Associated Press - 4 hours ago
  • No need for Revilla to visit son – prosecutors
    No need for Revilla to visit son – prosecutors

    Instead of filing an opposition, ombudsman prosecutors filed a manifestation yesterday expressing belief that there is no urgent need for Sen. Ramon “Bong” Revilla Jr. to visit his son at the Asian Hospital and Medical Center. “Based on the clinical abstract issued by the Asian Hospital on patient (Cavite) Vice-governor (Jolo) Revilla, which was submitted by accused Revilla in support of his Urgent Motion, Vice-governor Revilla is in stable condition and has stable vital signs, as of March 1, …

  • Smog film goes viral in China with 155 mn views
    Smog film goes viral in China with 155 mn views

    An online documentary on China's notorious smog has become a viral sensation with more than 155 million views just one day after it was released, state media said Monday. "Under the Dome", a documentary privately produced by Chai Jing, a former anchor with state broadcaster China Central Television, detailed causes of atmospheric pollution in the country. They included slack government supervision and lenient penalties for polluters. Chai, a former anchor with state broadcaster China Central …

  • N. Korea fires missiles in anger at South-US military drills
    N. Korea fires missiles in anger at South-US military drills

    North Korea fired two short-range ballistic missiles into the sea and vowed "merciless" retaliation Monday as the US and South Korea kicked off joint military drills denounced by Pyongyang as recklessly confrontational. The annual exercises always trigger a surge in military tensions and warlike rhetoric on the divided peninsula, and analysts saw the North's missile tests as a prelude to a concerted campaign of sabre-rattling. "If there is a particularly sharp escalation, we could see the …

  • Troops overrun BIFF bomb-making facility in Mamasapano
    Troops overrun BIFF bomb-making facility in Mamasapano

    Government troops captured Sunday a bomb and weapons factory of the Bangsamoro Islamic Freedom Fighters (BIFF) in Mamasapano, Maguindanao, the Armed Forces of the Philippines (AFP) announced yesterday. Col. Restituto Padilla, AFP spokesman, said the captured bomb and weapons factory is located inside an area controlled by radical Muslim cleric Ustadz Mohammad Ali Tambako at Barangay Dasikil in Mamasapano. …

  • How Islamic is Islamic State group? Not very, experts say
    How Islamic is Islamic State group? Not very, experts say

    CAIRO (AP) — Three British schoolgirls believed to have gone to Syria to become "jihadi" brides. Three young men charged in New York with plotting to join the Islamic State group and carry out attacks on American soil. A masked, knife-wielding militant from London who is the face of terror in videos showing Western hostages beheaded. …

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  • Story of Marcos-era mosquito press relevant as ever The Inbox
    Story of Marcos-era mosquito press relevant as ever

    It’s not even past,” wrote the great William Faulkner, a Nobel laureate for literature. The past is clearly never dead in the new documentary Portraits of Mosquito Press by JL Burgos about the assault on press freedom, and human rights during the  rule of Ferdinand Marcos especially during the Martial Law years. Burgos brings together family members, as well as journalists, to pose for the camera for their photos to be taken. Along the way, they share stories about We Forum and Ang …

  • Learning about Down Syndrome from Celina The Inbox
    Learning about Down Syndrome from Celina

    In their class, Sakiwat is among the oldest and the only one with Down Syndrome. In a country where one in 800 children is born with the genetic condition every year, the awareness of the disability remains low. For Sakiwat’s parents, it took years before they knew what their daughter had, and many more years before they could send her to a proper special education school. February is National Down Syndrome Consciousness Month, a time to raise awareness about the condition and promote rights …

  • Grief lingers a month after the Mamasapano tragedy The Inbox
    Grief lingers a month after the Mamasapano tragedy

    The old woman sat gravely in a corner of an unfinished classroom in Mamasapano town as an officer from the regional government explained that her group will be receiving complimentary health insurance. The woman’s son Rasul Kamsa had been one of 18 Moro Islamic Liberation Front (MILF) fighters killed when police commandos launched a raid to arrest Malaysian terrorist Zulkifli bin Hir alias  Marwan last Jan. 25. …

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