Microsoft Corp. the world's largest software maker announced today that the launch of next version of its much-anticipated Windows Vista operating system is delayed to January 2007. Microsoft had previously targeted Vista's launch in the second half of this year. Microsoft shares fell nearly 3% in evening trading following the news of the delay. However, a version for corporate customers will be available in November this year following which Microsoft will roll out Windows Vista for consumers after the Christmas shopping season.
With the FM P Chidambaram giving the final consent,FDI has brought the country cash inflow of around 997.906 crores.FDI had put forward around 27 proposals earlier to the centre catering to sectors like telecommunications,petroleum and natural gas,shipping and financial services.
Washington(24x7updates) -- Economic activity grea at an annual rate of 3.8 percent in the third quarter, providing vivid evidence of the economyÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s stamina even as it coped with the destructive forces of hurricanes.
Asian stocks rose for a fifth week, led by energy stocks such as Woodside Petroleum Ltd. and Inpex Corp., as Hurricane Rita caused crude oil prices to surge. The Morgan Stanley Capital International Asia-Pacific Index, which tracks more than 1,000 stocks in the region, gained 0.7 percent to 109.96, reaching a five-year high this week. Indexes in Japan rose to four-year highs and touched records in South Korea, India and Australia.
Give Asian nations a bigger role by reviewing quota system IMF employs for allotting more voting powers said Japanese Finance Minister Sadakazu Tanigaki. The current way the IMF distributes voting shares, commonly referred to as quotas, ``represents another form of unsustainable global imbalance,ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ Tanigaki said in speech at the IMF meetings in Washington. ``Many emerging market economies, including those in Asia, are markedly underrepresentedÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ in terms of their economic strength and that causes ``distortions and unfairnessÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢ in determining their access to IMF resources.
Hurricane Katrina seems out of rate rise path, showing shear confidence of Federal Reserves in economyÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s strength to endure the long term affects and high energy cost caused by hurricane Katrina.
Saudi Arabia is all set to join the World Trade Organisation by end of this year. This follows the signing of key trade agreement with US on Friday, which says Saudi Arabia will not enforce a boycott against American firms that have trade relations with Israel.
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