James Jones biography
NAME _ James Logan Jones. AGE-BIRTH DATE-LOCATION _ 64; Dec. 19, 1943; Kansas City, Mo. EXPERIENCE _ President and chief executive officer of U.S. Chamber of Commerce's Institute for 21st Century Energy, 2007-present;...
2008-12-01 05:19:37Businessman jailed for downloading 'horrific' child porn
A businessman and former chamber of commerce member was jailed today for downloading some of the worst images of child...
2008-10-24 13:12:2610 dredgers to be deployed for Haldia port channels
BUS31 Business/Business 10 dredgers to be deployed for Haldia port channels Kolkata, Oct 24 IANS The Kolkata Port Trust KoPT will deploy at least 10 dredgers by December this year to clear the silt at the channels of Haldia port, an official said here Friday. "There will be 10 dredgers altogether by December 2008 to clear the channels at Haldia port. Presently four dredgers are operating at the channels where siltation has caused a severe problem for the movement of cargo handling," said KoPT chairman A.K. Chanda during an interactive session organised by the Merchants' Chamber of Commerce MCC. He said: "By end of this October, three more dredgers will join the desiltation work at the Haldia port. In November, at least eight dredgers will function to clear the silted channels at Haldia. We're primarily focusing on the Jellingham navigation channel of the Haldia Dock Complex HDC." Chanda said two dredgers would be chartered from abroad and would be pressed into service in December. Talking about the Diamond Harbour terminal jetty, he said KoPT was in talks with the district administration to acquire about 40 acres of private land in the area for constructing the jetty. "We require about 125 acres of total land to develop the terminal jetty at Diamond Harbour," Chanda said, adding the company is now focusing on an efficient cargo handling in the near future with the help of advanced technological support. KoPT is the third largest handler of cargo in India. It carried 57.3 million tonnes of traffic in 2007-08. --Indo-Asian News Service sb/rd/jg 269 Words 24102017
2008-10-24 11:00:08India Inc disappointed as central bank leaves key rates untouched Lead
BUS11 Business/Business/Economy India Inc disappointed as central bank leaves key rates untouched Lead Mumbai, Oct 24 IANS Asserting that India's financial system was stable despite challenges from overseas, the Reserve Bank of India RBI Friday left interest rates unchanged and projected a lower economic growth of 7.5-8 percent for the current fiscal in its mid-term review of the monetary policy. The cash reserve ratio, or the minimum balance commercial banks have to retain against deposits, was also left untouched at 6.5 percent in the review by RBI Governor D. Subbarao before chief executives of commercial banks. "This mid-term review is set in the context of several complex and compelling policy challenges. The global financial system is in a crisis of unprecedented dimensions," he said during the review. "India's financial sector is stable and healthy," he, however, said adding that all financial ratios for commercial banks were sound, even as they were affected only peripherally by the US sub-prime assets crisis. "Nevertheless, the global developments have had some indirect, knock-on effects on domestic financial markets." He said aggregate supply conditions in the Indian economy had also shown notable resilience in the second quarter of this fiscal due to the deteriorating global macroeconomic and financial environment. "There are, however, growing indications that the underlying economic cycle is turning in tune with global economic developments and that domestic economic activity is straddling a point of inflexion," he added. The central bank governor said India's inflation projection was being maintained at 7 percent keeping in view the supply management steps of the government and the lagged response to the monetary policy measures of the central bank. "The monetary policy statement is not the last word," Finance Minister P. Chidambaram said, reflecting on market reactions following the central bank's review, where a key index of the Bombay Stock Exchange BSE crashed close to 900 points. "I am confident that RBI will act swiftly as and when the situation demands," the finance minister told reporters outside parliament, soon after the mid-year review was conducted in Mumbai. The benchmark 30-share sensitive index Sensex of the BSE had opened more than 200 points down Friday and then hit a low of 8,940.48 immediately after the RBI announced its mid-term review leaving all key rates unchanged. By around 2 p.m., the index fell further to 8,872.40 points, with a loss of nearly 900 points, or 9.20 percent. "By announcing a slew of measures a few days before the scheduled mid-term review, the RBI had created expectations of some more measures," said portfolio strategist Manoj Krishnan. "But when they were not met, the markets crashed," said Krishnan, who is with the New Delhi-based financial services firm Price Investment Management and Research Services. Reacting to review, the Associated Chambers of Commerce and Industry Assocham said the repo rate, or the interest changed for borrowings by banks, should have been lowered by 100 basis points and CRR cut by 50 basis points. "The suggested measures would have infused required liquidity into the system as the chamber has been constantly receiving reports from all segments of Indian industry that banks are still scared to lend," Assocham president Sajjan Jindal said. "We continue to think that growth and financial stability concerns should decisively outweigh inflation concerns," said Tushar Poddar, vice president of Asia Economics Research at Goldman Sachs. "The large fall in commodity prices, slowdown in demand, and the extraordinary fall in asset prices suggest to us that inflation will slow sharply going forward, and fall under 6.5 percent by March 2009," he said. "Lending will increasingly become a problem for banks. We also expect the pressures for depreciation on the rupee INR to continue in the short term." --Indo-Asian News Service ap/dg 656 Words * 24101441
2008-10-24 05:03:11Nigeria: LCCI Urges Action Against Substandard GSM Handsets
The Lagos Chamber of Commerce and IndustryLCCI has called on the Nigerian Communication...
2008-10-24 03:21:39No job cuts in India's IT industry: Infosys co-chair
INT32 International/Diplomacy/Business/Economy No job cuts in India's IT industry: Infosys co-chair By Murali Krishnan Tokyo, Oct 22 IANS There will be no pink slips in the Indian information technology industry as it has countered the impact of the current global financial tsunami well, according to Nandan Nilekani, co-chairman of Infosys Technologies. "The fundamentals in the information technology sector are strong. I do not see any job cuts," Nilekani, who is a member of a business delegation accompanying Prime Minister Manmohan Singh here, said on the margins of a meeting here. "At Infosys, we have lowered our growth and graduated from 13-15 percent. There are also other factors like cross-currency," said the co-founder of India's second-largest software exporter. Industry experts have said that losses on account of a depreciation of one currency had been made up by appreciation in another due to market diversification, where Indian IT industry's heavy reliance on the US market was slowly coming down. Nilekani said the global financial crisis was complicated and maintained that the Indian government had done a great job in handling the situation, even as Manmohan Singh said India had the resilience to sustain a high growth momentum despite the crisis. The 20-member Indian business delegation led by Reliance Industries chairman Mukesh Ambani also met with corporate honchos of the Japan Chamber of Commerce and Industry during the business luncheon. Others in the business delegation included K.V. Kamath, chief executive of ICICI Bank and president of the Confederation of Indian Industry CII, and Malvinder Mohan Singh who a day earlier sold his family's entire stake in Ranbaxy Laboratoiries, Indias's largest drugs maker to Daiichi Sankyo of Japan. Even Kamath pointed out that the fundamentals of the fast-growing Indian economy have been and continue to be strong and that there was enough liquidity in the system, accompanied by high corporate confidence. "The situation in India is different," said Kamath whose heads India's largest commercial bank in the private sector. The challenges before our banks are not like the ones being faced by the West," he said. "Indian banks are lending to corporates and are not cutting back on commerce." During his presentation before corporate captains from India and Japan, Manmohan Singh said the Indian banking system was well capitalized and that additional liquidity had been quickly pumped in after industry complained about a credit crunch. "The short-term outlook is somewhat cloudy but I am confident that the Indian economy has the resilience to sustain its growth momentum in the medium run." --Indo-Asian News Service mk/ap/jg 443 Words * 22101257
2008-10-22 04:00:00Businesswomen pull out of MCCI board elections
MAKKAH: Three businesswomen contesting elections to the board of directors of Makkah Chamber of Commerce and Industry MCCI have withdrawn their candidacies accusing chamber officials of not cooperating...
2008-10-18 22:43:15Industry under pressure and surviving
He took over as president of the Associated Chambers of Commerce and Industry Assochamat a time when Indias economy was booming and all parameters appeared set to push the country to near the top
2008-10-18 16:14:18Ghana: Chamber of Commerce Courts Media Support
THE Sekondi-Takoradi branch of the Ghana Chamber of Commerce GCC is courting the support of the media, to help facilitate the mission and vision of the Chamber, to the outside world.
2008-10-18 11:05:24Use open standard technology to counter cyber crime: Minister
NAT22National/Security/Technology/Business/CrimeUse open standard technology to counter cyber crime: MinisterKolkata, Oct 18 IANS To combat increasing cyber crime, a West Bengal minister has asked organisations and individuals to use open standard technology here Saturday."There should be more use of open standards. Everybody should use the software in their own computers that will help them track the hacking source," the state's Information Technology Minister Debesh Das said. He was speaking at a seminar on cyber security organised by the Bengal Chamber of Commerce and Industry. Kolkata Commissioner of Police Gautam Mohan Chakrabarti said: "The nature of crime happening in the society has changed. It has shifted from physical crime to cyber crime and it is much more difficult to handle. The next decade is going to see more cyber crimes." He said to counter cyber crimes it is necessary that departments and individuals are well equipped. Chakrabarti requested the government to form an advisory group with best IT talent for interaction with the Kolkata police. Besides he also requested for some training programmes by the industry players for members of cyber crime offices to fight the crime better.--Indo-Asian News Serviceag/pb/jg201 Words18101517
2008-10-18 06:05:10
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