Andrew Holland, CEO of Ambit Investment Advisors breaks down the market impact of India's recent state elections for CNBC's Cash Flow.» Read More
NEW DELHI, Dec 10- Indian and Iranian officials are meeting this week to discuss how to unlock the first oil payments to Iran since the United States and other world powers eased sanctions last month in exchange for curbs to Tehran's nuclear programme.
Last month six world powers and Tehran reached an interim deal that provided limited relief to Iran from economic sanctions, opening the way for some oil payments to resume.
*India home prices to rise at much slower pace in 2014, trail inflation. The findings of the latest India housing market poll are similar to recent Reuters polls conducted in the United States, Canada, Britain, China and Brazil, where home price rises are also expected to lose momentum but not fall.
Dec 9- Struggling teen apparel retailer Abercrombie& Fitch Co said it will extend Chief Executive Mike Jeffries' contract by at least a year after it expires in February, days after a shareholder urged the company to replace him.
Dec 9- Struggling trucker YRC Worldwide Inc said it expected annual savings of up to $100 million if union members vote to extend the employment of about 26,000 workers until March 2019. YRC said late on Friday that leaders of the International Brotherhood of Teamsters had agreed to vote on the contract, key to the company's plan to refinance debt.
Dec 9- Essex Property Trust Inc, a manager of residential properties on the U.S. West Coast, offered to buy BRE Properties Inc for about $4.48 billion in stock and cash. They have risen 11 percent to close at $59.34 on Friday after Bloomberg reported on Dec. 4 that Essex had offered to buy the real estate investment trust for about $5 billion.
Dec 9- Oil and gas companies will spend about $723 billion on exploration and production in 2014, an increase of 6.1 percent from 2013, Barclays Bank said in a report on Monday. E&P spending outside North America is likely to increase 6 percent to a record $524 billion in 2014, a smaller increase than the 10 percent rise this year, Barclays said.
Dec 9- Acura Pharmaceuticals Inc said the U.S. Food and Drug Administration agreed to review the results of a failed mid-stage trial of a painkiller made with the company's technology designed to deter abuse.
Dec 6- Shares of Barnes& Noble Inc fell as much as 11 percent on Friday, a day after the U.S. Securities and Exchange Commission told the bookseller it had begun an investigation into a restatement of earnings announced on July 29.
Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.
NEW YORK, Dec 6- Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all year.
Shekhar Kapur, Indian film director, producer and actor, discusses his former plans on making a film about Nelson Mandela's autobiography, "Long Walk to Freedom."
Dec 5- Twitter Inc is tying up with a Singapore- based startup to make its 140- character messaging service available to users in emerging markets who have entry-level mobile phones which cannot access the Internet.
*Slashes full-year EPS view to $0.55- $0.75 from $1.20- $1.50. *Cuts revenue view to $2.15- $2.35 bln from $2.25- $2.45 bln. Dec 5- Farm equipment retailer Titan Machinery Inc slashed its full-year profit forecast as a record corn harvest pulled down prices and left farmers with less money to spend on new tractors and harvesters.
Analysts expect India to be a net exporter of sugar in 2013/ 14, selling at least 1.5 million tonnes and possibly more than 2.0 million depending on price movements in coming months. ICE raw sugar futures slipped to three-month lows this week after news that the cane crush in India had begun, signalling more exports.
Dec 5- Farm equipment retailer Titan Machinery Inc's quarterly profit more than halved and the company cut its full-year revenue and profit forecasts as equipment sales and margins decline. Titan Machinery's shares fell 11 percent before the bell, after the company said it expected a full-year profit of between $0.55 and $0.75 per share.
Dec 5- Royal Bank of Canada said Chief Executive Gordon Nixon will retire effective Aug. 1, after 13 years at the helm of the country's largest bank.
Dr. Rajiv Kumar, senior independent economist and former secretary general at the Federation of Indian Chambers of Commerce and Industry, discusses India's position at the World Trade Organization meeting in Bali.
Rajeev Talwar, group executive director of DLF, says there should be no barriers to foreign companies wanting to invest in India as it will be good for business.
It is perfectly normal for top buyers Japan, South Korea, China, India and Taiwan to try and secure the best possible deals for LNG, but this desire quickly runs headlong into some uncomfortable realities.