Mark Matthews, Head of Research Asia, Bank Julius Baer discusses Indian markets.» Read More
*Lawsuit stems from pollution costs that pushed Tronox into Chapter 11. NEW YORK, Dec 12- Anadarko Petroleum Corp and its Kerr-McGee unit acted with "intent to hinder" when they spun off Tronox, the paint materials company that later went bankrupt, and should pay billions of dollars in environmental cleanup costs, a judge ruled on Thursday.
BEIJING, Dec 13- A China state television investigative report accusing Starbucks of overcharging local customers for coffee triggered enormous disquiet among journalists at the network and even some soul-searching after it aired.
NEW DELHI/ MUMBAI, Dec 13- India's Micromax, which has become the country's No. 2 smartphone brand just five years after selling its first handset- a $30 made-in- China model- is looking to go upmarket and overseas. Among all types of phones, Micromax ranks third in India after Nokia and Samsung Electronics.
Dec 12- Network equipment maker Ciena Corp forecast current-quarter revenue largely below Wall Street estimates as its telecom customers held back on spending in the last few months of the year. Ciena shares fell as much as 6 percent after the company also reported lower-than-expected fourth-quarter profit due to higher costs.
LONDON, Dec 12- Iran has bought up to 100,000 tonnes of Indian raw sugar in rare deals as a wider number of foreign suppliers aim to sell Tehran agricultural commodities after last month's nuclear deal.
Dec 12- Network equipment maker Ciena Corp reported a lower-than-expected quarterly profit as costs rose 20 percent and forecast current-quarter revenue largely below Wall Street estimates, sending its shares down 11 percent before the bell.
NEW DELHI/ HELSINKI, Dec 12- Nokia has won an appeal to release a local factory seized by authorities in a tax dispute, allowing the transfer of the plant as part of the sale of its mobile phone business to Microsoft. Nokia had appealed its seizure and was trying to resolve the dispute ahead of the closure of the 5.4 billion euro Microsoft deal.
Dec 12- Network equipment maker Ciena Corp reported a lower-than-expected quarterly profit as costs rose 20 percent, sending its shares down 8 percent before the bell. Ciena's net loss narrowed to $9.8 million, or 9 cents per share in the fourth quarter, from $38.8 million, or 39 cents per share, a year earlier.
SAN ANTONIO-- Tens of thousands of women each year might be able to skip at least some of the grueling treatments for breast cancer _ which can include surgery, heavy chemo and radiation _ without greatly harming their odds of survival, new research suggests. The research is aimed at curbing overtreatment, a big problem in cancer care.
BRP, which was spun off from Bombardier Inc in 2003, listed on the Toronto Stock Exchange in May. The company's competitors include Arctic Cat Inc, Polaris Industries Inc and Yamaha Motor Co Ltd.. The company's shares closed at C $26.83 on the Toronto Stock Exchange on Wednesday.
NEW DELHI, Dec 12- An Indian court on Thursday accepted an appeal by Nokia to release its local factory after it was seized by authorities in a tax dispute, removing a hurdle to the sale of the company's mobile phone business to Microsoft. The plant in the southern city of Chennai is one of Nokia's biggest phone-making factories.
MUMBAI, Dec 12- Chef Matteo Boglione, at the newly opened Le Cirque Signature in Mumbai, says that when he was getting started at the offshoot of one of New York's elite restaurants he was told repeatedly: "We want more vegetables".
BANGALORE, Dec 12- Indian shares are forecast to scale new highs next year after elections, attracting offshore funds despite an expected rough period for emerging markets when the U.S.
DELHI/ MUMBAI, Dec 12- Symbols of India's emergence as an economic powerhouse line the four-lane highway to Jaipur out of New Delhi: a factory owned by the world's biggest motorbike maker, glass towers housing global call centres, shopping malls for India's burgeoning middle class.
Taimur Baig, Chief Economist, Asia at Deutsche Bank, talks about the state of the Indian economy ahead of elections in 2014.
Dec 11- Fortis Inc has reached a friendly deal to buy Arizona- focused utility UNS Energy Corp for about $2.5 billion in cash, the Canadian power company said on Wednesday, as it looks to expand its presence in the United States.
Dec 11- Canadian power company Fortis Inc said it agreed to buy utility firm UNS Energy Corp for about $2.5 billion in cash to expand its presence in the United States.
Dec 11- CytRx Corp said its experimental cancer treatment improved survival rates in untreated soft tissue sarcoma patients without the disease progressing, compared with standard chemotherapy alone, sending the company's shares up as much as 83 percent.
Autohome, controlled by Australian phone company Telstra Corp Ltd, raised $133 million after its initial public offering was priced at $17 per share, above the expected range. Telstra, which sees Asia as a growth market, got control of Autohome in 2008, when it bought a majority stake in the company that owned the auto website and two technology retail websites.
Dec 11- Shares of Autohome Inc, an owner of Chinese auto websites, rose as much as 83 percent in their U.S. market debut, valuing the company at about $3.2 billion. Autohome, controlled by Australia's largest phone company Telstra Corp Ltd, raised $133 million after its initial public offering was priced at $17 per share, above the expected range.