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The Tata Nano vehicle is displayed for the first time in the U.S. by Tata Technologies at the Science Center in Detroit, Michigan January 14, 2010. Credit: Reuters/Rebecca Cook/FilesReuters Market Eye – Shares of auto companies were hit on Tuesday by worries about lower sales following a string of price hike announcements intended to factor [...] [...]
A broker monitors share prices at a brokerage firm in Mumbai August 9, 2011. Credit: Reuters/Danish Siddiqui/FilesSINGAPORE | Tue Mar 20, 2012 2:37pm IST SINGAPORE (Reuters) – Franklin Templeton is looking to raise $300 million for a fourth private equity fund that will provide growth capital to companies in emerging markets, the head of private [...] [...]
Gold jewellery is on display at a jewellery showroom in Kolkata March 6, 2008. Credit: Reuters/Parth Sanyal/FilesMUMBAI | Tue Mar 20, 2012 3:17pm IST MUMBAI (Reuters) – Gold traders in India stayed away from new deals on Tuesday as fourth day of jewellers’ strike hit retail demand in the world’s biggest consumer of bullion.* “Buying [...] [...]
Customers shop at a Best Price Modern Wholesale store, a joint venture of Wal-Mart Stores Inc and Bharti Enterprises, at Zirakpur in Punjab November 24, 2011. Credit: Reuters/Ajay Verma/FilesBy Nandita BoseMUMBAI | Tue Mar 20, 2012 1:26pm IST MUMBAI (Reuters) – Bharti Walmart is in talks with several banks such as Citigroup Inc (C.N), JP [...] [...]
Templeton Asset Management’s Mark Mobius is reflected in a mirror on a door as he speaks to a journalist after delivering a conference in Beirut, May 28, 2010. Credit: Reuters/Cynthia Karam/FilesBy Kevin Lim and Charmian KokSINGAPORE | Tue Mar 20, 2012 2:06pm IST SINGAPORE (Reuters) – Franklin Templeton funds that focus on developing economies are [...] [...]
Deutsche Bank co-head of investment banking Anshu Jain attends the annual shareholders meeting in Frankfurt May 26, 2011. Credit: Reuters/Alex Domanski/FilesBy Arno Schuetze and Edward TaylorFRANKFURT | Tue Mar 20, 2012 4:08pm IST FRANKFURT (Reuters) – German lender Deutsche Bank(DBKGn.DE) said co-chief executive designate Anshu Jain earned 5.8 million euros in 2011, down a quarter [...] [...]
MUMBAI | Mon Mar 12, 2012 12:28pm IST MUMBAI (Reuters) – Malaysia’s state investment arm, Khazanah Nasional, has sold its about 4.2 percent holding in private sector lender Yes Bank (YESB.NS) for about $105 million in market block deals, two sources with direct knowledge of the deal said on Monday.The share sale comes after investors [...] [...]
A trader watches screens at his desk at the Frankfurt stock exchange January 16, 2012. Credit: Reuters/Alex Domanski/FilesBy Richard HubbardLONDON | Mon Mar 12, 2012 2:35pm IST LONDON (Reuters) – Shares and the euro began trading within narrow ranges on Monday, retracing some of last week’s gains, as investors paused to assess the effect of [...] [...]
People visit the Nokia area at the Mobile World Congress in Barcelona February 28, 2012. Credit: Reuters/Albert Gea/FilesREUTERS – Nokia will close down Nokia Money, a financial service it runs in India, as it continues to narrow its focus on its phone business and location-based services.“The mobile financial services business is not core to Nokia [...] [...]
A trader looks at a screen at a stock brokerage firm in Mumbai March 7, 2008. Credit: Reuters/Arko Datta/Files Social BookmarkingCheck more:DOE Selects Projects Totaling $12.4 Million Aimed at Increasing Domestic Energy Production While Enhancing Environmental ProtectionNew Technologies that Enhance Environmental Protection, Increase Domestic Production, Result from DOE-Supported ConsortiumCO2 Injection in Kansas Oilfield Could Greatly [...] [...]
A Kingfisher Airlines aeroplane sits on the tarmac at Chhatrapathi Shivaji International Airport in Mumbai, March 9, 2012. Credit: Reuters/Vivek Prakash Social BookmarkingCheck more:Kingfisher Air Q3 loss widens, fuel costs mountKingfisher Airlines working to cut interest costs [...]
1 of 2. A man rolls electrical power lines onto a wooden wheel at a factory on the outskirts of Jammu September 12, 2011. Credit: Reuters/Mukesh Gupta/FilesBy Rajesh Kumar SinghNEW DELHI | Mon Mar 12, 2012 12:26pm IST NEW DELHI (Reuters) – India’s industrial output in January grew at its fastest pace in 7 months, [...] [...]
A shopkeeper shows gold bangles to a prospective buyer at a jewellery shop in Mumbai October 8, 2009. Credit: Reuters/Arko Datta/FilesMUMBAI | Mon Mar 12, 2012 2:48pm IST MUMBAI (Reuters) – Indian gold futures rose to their highest level in a week on Monday due to a weaker rupee, prompting traders in the spot markets [...] [...]
Indian President Pratibha Devisingh Patil puts on an earphone during a news conference with Syria’s President Bashar al-Assad, in Damascus November 27, 2010. Credit: Reuters/Khaled al-Hariri/FilesBy Manoj KumarNEW DELHI | Mon Mar 12, 2012 12:32pm IST NEW DELHI (Reuters) – India is confident of steering the economy back to a high growth path of 8-9 [...] [...]
An employee works inside a cotton factory at Mauayama town, about 40 km (25 miles) from Allahabad March 20, 2010. Credit: Reuters/Jitendra Prakash/FilesBy Ratnajyoti DuttaNEW DELHI | Mon Mar 12, 2012 1:46pm IST NEW DELHI (Reuters) – India will now prohibit fresh cotton exports and permit only quantities already registered but not shipped, the trade [...] [...]
A trader works at a stock brokerage in Ahmedabad November 26, 2010. Credit: Reuters/Amit Dave/FilesReuters Market Eye – The 50-share Nifty is facing important resistance at 5,420-5,425, a range that would provide the equilibrium level at which calls and puts payoffs for the index options would be roughly aligned, two dealers said.Breaching that level could [...] [...]
A customer pays for her vegetables at a market in Beijing January 12, 2012. Credit: Reuters/Soo Hoo Zheyang/FilesBy Nick EdwardsBEIJING | Sun Mar 11, 2012 12:24pm IST BEIJING (Reuters) – If inflation is a dragon that must be slain, China’s Premier Wen Jiabao has shown he is willing to sacrifice a part of the country’s [...] [...]
An employee works inside a cotton processing unit at Kadi town, about 56 km (35 miles) north of Ahmedabad March 9, 2012. Credit: Reuters/Amit DaveBy Manoj KumarNEW DELHI | Sun Mar 11, 2012 3:54pm IST NEW DELHI (Reuters) – India will lift a controversial ban on cotton exports just a week after imposing it, allowing [...] [...]
British Business Secretary Vince Cable answers a question during an interview in Bucharest September 29, 2011. Credit: Reuters/Radu Sigheti/FilesBy Tim CastleNEWCASTLE | Sun Mar 11, 2012 8:26am IST NEWCASTLE (Reuters) – Multi-million pound pay deals for the chief of Barclays and other executives of the British bank are excessive and unjustified, Business Secretary Vince Cable [...] [...]
Ground staff guide a Jet Airways aircraft towards a gate on the tarmac at Bengaluru International Airport in Bangalore March 5, 2012. Credit: Reuters/Vivek PrakashMUMBAI | Sun Mar 11, 2012 3:31pm IST MUMBAI (Reuters) – Tax authorities have warned top Indian carrier Jet Airways its bank accounts will be frozen if it does not clear [...] [...]
1 of 2. Greece’s Finance Minister Evangelos Venizelos listens to a question during a news conference in Athens March 9, 2012. Credit: Reuters/Yiorgos KarahalisBy Harry PapachristouATHENS | Sun Mar 11, 2012 8:30am IST ATHENS (Reuters) – Greek Finance Minister Evangelos Venizelos formally submitted his candidacy to lead the Socialist PASOK party on Saturday, as the [...] [...]
A worker checks aluminium utensils outside a factory on the outskirts of Agartala, capital of India’s northeastern state of Tripura November 11, 2011. Credit: Reuters/Jayanta Dey/FilesBANGALORE | Sat Mar 10, 2012 11:36am IST BANGALORE (Reuters) – India’s industrial output probably edged higher in January but remained subdued as an increase in production of consumer goods [...] [...]
By Kathy FinnVENICE, Louisiana | Sun Mar 11, 2012 6:50pm IST VENICE, Louisiana (Reuters) – The phone at Joan Strohmeyer’s fishing lodge has been ringing steadily since 2010, but not many of the calls are from customers who want to go fishing. Mainly, they are from lawyers who want her to sue British oil company [...] [...]
Swiss commodities trader Glencore’s logo is seen in front of its headquarters in Baar, near Zurich, February 6, 2012. Credit: Reuters/Romina Amato/FilesREUTERS – Commodities and mining giant Glencore has made a 3.5 billion pound (US$5.5 billion) approach for Canada’s biggest grain handler Viterra, Britain’s Sunday Telegraph newspaper said on its website on Saturday.The London-based paper [...] [...]
A man walks in a shipping container area at the Port of Shanghai February 10, 2011. Credit: Reuters/Aly SongBy Nick Edwards and Koh Gui QingBEIJING | Sat Mar 10, 2012 11:14am IST BEIJING (Reuters) – China’s trade balance plunged $31.5 billion into the red in February as imports swamped exports to leave the largest deficit [...] [...]
German Finance Minister Wolfgang Schaeuble speaks about the latest Euro Group meeting during a news conference in Berlin March 9, 2012. Credit: Reuters/Thomas PeterMILAN | Sun Mar 11, 2012 3:52pm IST MILAN (Reuters) – German Finance Minister Wolfgang Schaeuble said on Sunday he was confident Greece was on the right path for recovery after tough [...] [...]
HSBC’s logo is displayed inside an office tower in Hong Kong February 27, 2012. Credit: Reuters/Bobby YipBy Clare BaldwinHONG KONG | Wed Mar 7, 2012 4:43pm IST HONG KONG (Reuters) – HSBC (HSBA.L) has agreed to sell its general insurance businesses to French insurer AXA Group (AXAF.PA) and Australia’s QBE Insurance Group (QBE.AX) for $914 [...] [...]
Local and mainland Chinese university students, in the role of Foxconn workers, lie on the floor as they act out being chemically poisoned during a street drama in Hong Kong May 7, 2011. Credit: Reuters/Bobby YipBy Ben BlanchardBEIJING | Wed Mar 7, 2012 3:11pm IST BEIJING (Reuters) – Some foreign companies in China exploit their [...] [...]
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