Jan 18: No coal price rise
Jan 18: No coal price rise
Reliance Industries KG-D6's facility located in Andhra Pradesh is pictured in this undated handout photo
Cash-rich Reliance Industries, whose stock price has been battered over the past year, will consider a share buyback, the company said on Wednesday, sending its shares up as much as 4.4%.
Reliance, an energy focused conglomerate controlled by Mukesh Ambani, India's richest man, saw its share price tumble 35% in 2011, helping drag the benchmark Sensex down 25% for the year, making India one of the worst-performing markets anywhere.
People walk past a pizza shop with a euro sign which was crossed out in central Madrid
The World Bank warned on Tuesday that developing countries should brace for a growth slowdown stemming partly from Europe's debt woes, as it sharply scaled back its estimates for expansion.
It predicted the global economy will expand by 2.5% in 2012 and by 3.1% in 2013, well behind the 3.6% growth for each year that the bank had projected in June.
The trading floor is pictured at the Frankfurt stock exchange
Fears over the outcome of crucial Greek debt restructuring talks pulled the euro off its recent highs and put share markets on the retreat on Wednesday, overshadowing signals this week that the global economy may not slow as much as feared.
International creditors are set to meet the Greek government later on Wednesday to resume talks that broke down last week over the interest rate Greece will offer on new bonds and a plan to enforce private investor losses.
Visitors take pictures as they depart following their tour of the holiday decorations inside the White House
The White House was locked down for more than an hour on Tuesday night as authorities investigated what appeared to be a smoke bomb tossed over the fence of the executive compound, a Secret Service spokesman said.
The device was thrown over the fence at one point when about 1,000 to 1,500 "Occupy DC" protesters were demonstrating outside the White House, Secret Service spokesman George Ogilvie said.
He gave the "all clear" later in the evening.
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