Dariusz Kowalczyk, senior economist and strategist at Credit Agricole, says we should expect a better environment in Asia in the second half of the year thanks to decent PMI data for China and India.» Read More
DUBAI, United Arab Emirates-- In back-to-back Asian summits this month, Iran's president made sure to carve out special time to look east. At one gathering in Azerbaijan, Mahmoud Ahmadinejad reminded the president of Kazakhstan about the vision of a railway linking the heart of Central Asia with Iran's warm ports.
NEW YORK-- A former Goldman Sachs and Procter& Gamble Co. board member convicted of insider trading will serve up to 10 years in prison if the government has its way but will face no more than community service if a judge is persuaded by defense arguments.
*Karmazin to step down on Feb. 1, 2013. Oct 23- Sirius XM Radio Inc Chief Executive Mel Karmazin will step down in February, a move that comes at a time when media mogul John Malone's Liberty Media Corp is trying to wrest full control of the satellite radio broadcaster.
Gary Dugan, CIO, Asia & Middle East, Coutts says that the RBI might not deliver on interest rates cuts of 75 bps but will instead slash rates by 25 bps and that could see fund managers shift investments into China.
NEW YORK- Global shares slide more than 1 percent and the euro falls as a slew of weak U.S. corporate earnings results and credit rating downgrades of several indebted regions of Spain triggered a new round of fears over the global economy (MARKETS-GLOBAL/, moving shortly, by Angela Moon, 1,050 words).
*Gazprom's exports to Europe set to fall this year. BOVANENKOVO/NOVO-OGARYOVO, Russia, Oct 23- P resident Vladimir Putin ordered a rethink of Russia's natural gas export policy to take advantage of rising Asian demand, as giant producer Gazprom launched a huge Arctic field to supply Europe, where demand is falling.
NEW YORK, Oct 23- Gold fell 1 percent on Tuesday, tumbling below technical support and hovering just above $1,700 an ounce, pressured by economic worries that slammed equities and commodities and lifted the dollar.
NEW YORK-- Nobody was expecting this round of corporate financial reports to be great. But underwhelming results _ particularly revenue, which offers a read on the economy _ are still rattling investors.
Foreign-born entrepreneurs, who traditionally moved to the U.S. to start companies, are now opting to return home, in large part because of difficulties getting a work visa.
DUBAI, United Arab Emirates-- The Dubai- based developer of the world's tallest building reported a nearly 5 percent drop in net profit Tuesday, citing a seasonal slowdown, but said the balance sheet for the year remained strong.
Rich Ilczyszyn, CEO and founder of iiTrader and a "Futures Now" trader, explains why he recommends getting out of gold on any pop.
3 M, which makes everything from Scotch tape to coatings for LCD screens and is an economic bellwether, reduced its profit expectations for this year because of "current economic realities." Xerox plunged 8 percent, or 56 cents, to $6.47.
Attorneys met in Franklin County Circuit Court to discuss the status of the case, which began in 2010 when environmentalists pointed out questionable water quality monitoring practices by Frasure Creek and another coal company, International Coal Group.
MILAN-- An Italian investigation into alleged corruption in the awarding of international contracts to aerospace and defense giant Finmeccanica led to the arrest Tuesday of the company's former commercial director and has implicated a former Cabinet minister.
NEW YORK-- Nobody was expecting this earnings season to be great. Stocks plunged Tuesday, making it one of the worst days on Wall Street so far this year and sending the major indexes to their lowest levels since early September. That was June 1, the day the government released an ominously weak jobs report.
India has been treated over the past few days to a slightly comical corporate drama, in which a foreign multinational is for once accused not of bribery, poisoning the water supply or selling worm-infested fast food, but of secretly attempting to invest. The FT reports.
Cummins, the big Indiana engine maker, lowered its revenue forecast earlier this month and said it would eliminate 1,000 to 1,500 jobs by the end of the year, citing weak demand from China as a major reason. Schnitzer Steel Industries, a Portland, Ore., firm that is one of the nation’s biggest metal recyclers, is cutting 300 jobs, or 7 percent of its work force, as scrap exports to China plunge. And on Monday, Caterpillar reported lower sales in China and cut its global outlook for 2012. The New York Times reports.
Howard Schultz, CEO, Starbucks describes his optimism about entering India's coffee market after so many delays. Despite the new FDI laws, he insists it wouldn't have affected the company's decision to work with Tata.
India's Civil Aviation Minister Ajit Singh said the decision was made following concerns about the safety of passengers. Kingfisher, once one of India's best airlines, is battling for a lifeline with India's airline regulator.
NEW DELHI-- A news report says the Indian government has suspended the license of Kingfisher Airlines which has been struggling to resume flights following a strike by pilots and engineers who have not been paid for months. Kingfisher, once one of India's best airlines, is battling for a lifeline with India's airline regulator.