Briefly Business: EGoM on drought to meet today

Apple-Samsung trial packs US court

San Jose: Observers and lawyers packed a California courtroom Monday as the blockbuster patent trial got underway involving Apple and Samsung.

Food price volatility a matter of concern: WB

washington: The World Bank President,Jim Yong Kim has expressed concern over food price volatility globally as a result of drought-like situation in US,India.

US should ease rules for LNG exports: GAIL

new delhi: Close on the heels of sewing nations first gas import deal from the US,GAIL India has said Washington should relax rules so that it can buy more gas.

Air India to launch gift coupons on Rakhi

Chandigarh: Air India is set to launch e-gift coupons which can be redeem for tickets to domestic destinations.

Ravneet Gill new CEO Deutsche India

mumbai: Deutsche Bank has elevated Ravneet Gill as the country CEO of its operations after his predecessor Gunit Chadha moved to a larger management role in June.

Swiss co pips AB Groups Northern Iron bid

sydney: Australias Northern Iron has received a bid of AUD 525 million from a Prominvest AG,countering Aditya Birlas AUD 518 million offer.

Euro crisis: Germany,US stress cooperation

Berlin: US Treasury Secretary Timothy Geithner and his German counterpart Wolfgang Schaeuble stressed the need for coordinated action in the face of the euro zone debt crisis and faltering global growth.

UK seeks urgent Libor reform

London: Britain is seeking urgent reform of the key interest rate rigged by a number of banks,including Barclays,in a scandal that is threatening to seriously damage Londons reputation as a financial centre.

The UK government on Monday set terms for a review of Libor,to be carried out by regulator Martin Wheatley in time for recommendations to be included in a draft law making its way through parliament.