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  • Anglo American sees surge in iron ore sales to India Tuesday, 2 Jun 2015 | 7:06 AM ET

    VIENNA, June 2- Global miner Anglo American said its iron ore sales to India have more than tripled over the past year as Asia's third-largest economy embarks on a once-in-a-generation urbanization drive. "India is around 15 percent of our sales portfolio, or about 6 million tonnes," David Trotter, Anglo American's global head of iron ore sales, told Reuters at the...

  • NEW DELHI, June 2- A driver contracted with U.S.-based online taxi company Uber Technologies was arrested near New Delhi on Tuesday, police said, after a woman passenger accused him of sexual harassment when she hailed his cab over the weekend. Uber was banned in New Delhi in December after another woman passenger accused one of its drivers of rape.

  • NEW DELHI, June 2- An Indian woman has accused a driver contracted with online taxi company Uber Technologies of trying to sexually harass her after she hailed his cab, prompting the U.S.-based firm to suspend the driver and launch an internal investigation. Uber was banned in New Delhi in December after a woman passenger accused one of its drivers of rape.

  • NEW DELHI— India's central bank cut a key interest rate by a quarter percentage point Tuesday, the third such reduction this year in support of government efforts to boost growth. That made India the world's fastest growing major economy, overtaking China's 7 percent growth in the same quarter. India's stubbornly high inflation has moderated in recent months...

  • June 1- China's manufacturing sector showed scant signs of picking up in May as demand stayed stubbornly weak, while exports in South Korea suffered their biggest annual drop since the global financial crisis, grim readings which prompted calls for bolder stimulus measures. The focus now shifts to the United States and parts of Europe, where hopes are pinned on...

  • Sri Lanka open to West: Defense Minister   Sunday, 31 May 2015 | 6:12 PM ET
    Sri Lanka open to West: Defense minister

    Ruwan Wijewardene, Sri Lanka's Defense Minister, talks about the new government's foreign policy.

  • WASHINGTON, May 29- Alpha Natural Resources Inc no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 million in liabilities, Wyoming officials said on Friday. "At the end of the day, the rules for self bonding are very clear," said Keith Guille, a spokesman...

  • *Intel to offer $54 per share- source. May 29- Intel Corp has resumed talks to buy programmable-chip maker Altera Corp and is close to a $16 billion deal, people familiar with the matter said on Friday, paving way for the third mega semiconductor-chip deal this year. The deal will allow Intel to bundle its own server chips with Altera's line of programmable chips,...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • May 29- Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $15 billion acquisition agreement, a person familiar with the matter said on Friday. Intel and Altera did not respond to requests for comment. In April, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, sources told...

  • WASHINGTON, May 29- The U.S. Federal Trade Commission filed a lawsuit on Friday aimed at stopping the $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc, according to the agency, which enforces antitrust law. Synergy Health and Steris, both of which provide contract sterilization...

  • India's growth trumps China, but data questioned Friday, 29 May 2015 | 8:15 AM ET

    India's economy grew at a faster rate than its Chinese counterpart for a second straight quarter, but concerns remain over the government's new way of calculating its data.

  • Tracking the movements of the Indian rupee   Friday, 29 May 2015 | 12:37 AM ET
    Tracking the movements of the Indian rupee

    Despite hitting a two-week low against the U.S. dollar, the Indian rupee remains poised for a "real trade-weighted appreciation", says Mirza Baig, Asian currency strategist at BNP Paribas.

  • Expect India Q1 GDP around 7%: Experts   Thursday, 28 May 2015 | 9:34 PM ET
    Expect India Q1 GDP around 7%: Experts

    Richard Iley, chief Asia economist at BNP Paribas and Jahangir Aziz, Head of EM Asia Economic Research at JP Morgan, outline their estimates for India's first-quarter gross domestic product.

  • NEW DELHI, May 29- India's government and businesses are pushing for an interest rate cut next week even though data on Friday may show output is expanding faster than China's, in the latest sign of concerns that the figures are masking weaknesses in the economy. But New Delhi, worried that companies are not investing enough and that a period of low inflation may be...

  • *Fosun total debt at $16.7 bln, not far off its market value. HONG KONG, May 29- A $1.2 billion share sale by Fosun International Ltd this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt to fund its huge acquisition ambitions. Led by tycoon Guo Guangchang who models himself on...

  • May 27- Avago Technologies Ltd is close to an agreement to acquire fellow chipmaker Broadcom Corp, people familiar with the matter said on Wednesday, in a deal that could boost Avago's clientele of top-tier smartphone companies. A deal between Avago and Broadcom could come as early as this week, the people said, cautioning that the negotiations had not yet been...

  • May 27- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit, helped by a lower tax provision. The market consists of Arizona, California, Colorado, Nevada and Washington. The company's shares fell as much as 3.7 percent to $35.63 on the New York Stock Exchange on Wednesday.

  • This country's about to be next big Web economy Wednesday, 27 May 2015 | 12:43 PM ET
    Mary Meeker at 2015 Code Conference.

    In her "2015 Internet Trends" report, Mary Meeker sees India on the verge of becoming the next great Internet economy.

  • Germany lobbies India to buy Eurofighters, submarines Wednesday, 27 May 2015 | 8:31 AM ET

    NEW DELHI, May 27- Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project. Germany has taken the lead in the sales pitch to India for the Eurofighter, made by Alenia Aermacchi, a subsidiary...