World Business News

Facebook has set the share price for its upcoming initial public offering (IPO) at between $28 and $35 per share, valuing the company at between $85bn-$95bn (£52bn-£59bn).

Secretary of State Hillary Clinton urged China on Thursday to help defuse tension over Iran, North Korea and other global flashpoints, seeking to salvage talks that have been overwhelmed by negotiations over a dissident.

To encourage the production of oilseeds and pulses, rather than foodgrains, the Commission for Agriculture Costs and Prices (CACP) has recommended a steep increase in the minimum support price (MSP) of major oilseeds grown during the kharif season, like soybean and groundnuts, along with those for pulses like moong, urad and tur.

The markets are likely to trend higher in trade today tracking global cues. The Dow closed at its highest level in more than four years on Tuesday after US manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery. The Standard & Poor's 500 Index rose 0.6 per cent to 1,406 levels.