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  • *China official PMI seen at 50.6 vs 50.8 in October. BEIJING, Nov 27- Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed. Industrial Bank Co. Ltd, in a research note, said consumption only showed good signs at an online "singles' day" promotion by Alibaba Group Holding on Nov. 11 and steel...

  • MUMBAI, Nov 27- Anticipating data out on Friday will show weakening economic growth, India's finance ministry will argue for an interest rate cut, but bankers and company executives say the key to recovery lies in how fast Prime Minister Narendra Modi acts on reforms. The Lanco Infratech unit's biggest problem is a shortage of coal supplied by an inefficient...

  • Credit Suisse, Assured Guaranty settle US lawsuit Thursday, 27 Nov 2014 | 3:48 AM ET

    Credit Suisse has reached a confidential settlement with Assured Guaranty.

  • Nov 26- Credit Suisse Group AG has reached a confidential settlement with Assured Guaranty Ltd on claims related to what the insurer said were defective loans underlying mortgage-backed securities, court documents showed. Assured Guaranty said it had filed to dismiss its lawsuit against Credit Suisse, according to a statement on its website.

  • Online grocers pick up amid India's e-commerce boom Wednesday, 26 Nov 2014 | 6:32 PM ET

    Put off by snarled city traffic and a shortage of parking, more Indians are shopping for groceries online, helping e-tailers turn in profits.

  • FDA rejects Avanir's migraine drug-device Wednesday, 26 Nov 2014 | 5:30 PM ET

    Nov 26- The U.S. Food and Drug Administration rejected Avanir Pharmaceuticals Inc's migraine drug device, a few weeks after the regulator had raised questions regarding some data submitted as part of the marketing application. Earlier this month the FDA had asked Avanir to assess the root cause of errors observed in the data from the drugmaker's human factors...

  • Online grocers come up trumps in India's e-commerce boom Wednesday, 26 Nov 2014 | 4:00 PM ET

    By contrast, analysts say supermarkets like More, owned by the Aditya Birla Group, and Reliance Industries Ltd's Reliance Fresh are struggling to attract enough customers to make a profit as they compete with the small neighbourhood stores where most people buy food. "You can go shop at a Walmart or Tesco in the U.S. and U.K. and they have parking.

  • Teva Pharma names Peterburg new chairman Wednesday, 26 Nov 2014 | 1:39 PM ET

    Nov 26- The board of Teva Pharmaceutical Industries Ltd elected Yitzhak Peterburg as its chairman, succeeding Phillip Frost, who is due to step down at the end of the year. The company also appointed Sol Barer, the former chief executive of Celgene Corp, as a director. Teva stock was up 0.8 percent at $57.02 on the New York Stock Exchange.

  • Nov 26- Bank Leumi Le Israel BM is close to a $400 million settlement with U.S. authorities following a probe into whether it helped Americans evade taxes, Bloomberg News reported, citing a person with knowledge of the matter. Israel's second-largest lender would pay about $270 million to the Justice Department and $130 million to New York's Department of...

  • GoPro to roll out consumer drones - WSJ Wednesday, 26 Nov 2014 | 12:15 PM ET

    Nov 26- Wearable camera maker GoPro Inc is developing its own line of consumer drones, the Wall Street Journal reported, citing people familiar with the matter. The multi-rotor helicopters, priced between $500 and $1,000, will go on sale late next year, the Journal said. GoPro was not immediately available for comment.

  • Nov 26- Chinese solar panel maker ReneSola Ltd reported a surprise quarterly loss as shipments fell by more than a fifth, sending the company's shares down more than 12 percent. ReneSola's peers such as Trina Solar Ltd and Yingli Green Energy Holding Co Ltd also cut their shipment forecasts this week as their focus on lower-priced markets such as China was...

  • Nov 26- Deere& Co forecast a drop in equipment sales in the current quarter as lower grain prices discourage farmers from buying tractors, harvesters and other agricultural machinery. Corn prices have fallen about 11 percent this year, on top of a decline of nearly 40 percent last year. Net income attributable to Deere fell to $649.2 million, or $1.83 per share, in...

  • Nov 26- Deere& Co, the world's largest farm equipment maker, said it expected a drop in equipment sales in the current quarter, hurt by lower corn prices and falling farm incomes. The company, which also makes construction equipment, said it expects its overall machinery sales to fall about 21 percent in the quarter ending Jan. 31. Deere's shares fell 4 percent to...

  • LONDON, Nov 26- The impact of sub- $80 oil prices rippled across energy-exporting emerging markets on Wednesday, with investors betting other countries will have to follow Nigeria in devaluing their currencies. Brent crude remained firmly below $80 per barrel and around a third lower from June levels after Saudi Arabia signaled it was unlikely to push for a...

  • ReneSola revenue falls on lower shipments Wednesday, 26 Nov 2014 | 6:32 AM ET

    Nov 26- Chinese solar panel maker ReneSola Ltd reported an 11 percent drop in quarterly revenue, hurt by a 22 percent drop in shipments. Revenue fell to $372.5 million in the third quarter ended Sept. 30 from $419.3 million a year earlier. Total solar products shipments fell to 663.8 megawatts from 851 MW.

  • BANGALORE, Nov 26- India economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to cut interest rates just yet. Clamours for the Reserve Bank of India to ease policy have grown louder in recent weeks. Upasna Bhardwaj, economist...

  • India's state-owned bank to launch Islamic fund Wednesday, 26 Nov 2014 | 2:24 AM ET

    NEW DELHI— India's largest state-owned bank will launch an Islamic equity fund next month aimed mainly at attracting investments from the country's 170 million Muslims.The Securities and Exchange Board of India, the country's capital markets regulator, recently allowed the government-owned State Bank of India and three mutual funds to launch Shariah...

  • South Asian leaders don't sign expected agreements Wednesday, 26 Nov 2014 | 1:36 AM ET

    KATMANDU, Nepal— South Asian leaders, including from rivals India and Pakistan, gathered in Nepal's capital Wednesday to boost cooperation in trade and energy and seek greater peace in the region, home to more than a fifth of the world's population. The South Asian Association for Regional Cooperation summit, the first since 2011, is meant as a forum to discuss...

  • Nov 25- Discover Financial Services Inc sued Visa Inc on Tuesday, alleging the world's largest cards company has been using anti-competitive practices in its debit card business, and sought compensation for lost profit, court documents showed. Discover, through its Pulse Network LLC unit, alleges that "in order to maintain its monopoly, Visa has undertaken a...

  • Nov 25- Discover Financial Services Inc sued Visa Inc on Tuesday, alleging the world's largest cards company has been using anti-competetive practices in its debit card business, and sought compensation for lost profit, court documents showed. Discover, through its Pulse Network LLC unit, alleges that "in order to maintain its monopoly, Visa has undertaken a...