We love talking about how stressful work is, as if our ancestors weren't wondering if they had enough food for winter.» Read More
The domestic portion of ICICI Bank's initial public offering received an overwhelming response today from investors hoping the bank will benefit from India's surging economy and was more than two times oversubscribed.
Citigroup is keen on selling 80% of its business process outsourcing (BPO) arm in India for $700-$750 million, the Mint said on Tuesday, on the heels of Blackstone's acquisition of a back-office firm.
Stephen Roach, Morgan Stanley’s new Asia chairman, shared insights on China and the global economy on “Closing Bell.” “The world economy is certainly a fairly resilient place, in being able to withstand even a tough blow in China,” Roach told CNBC’s Maria Bartiromo. While the East Asian country exhibits “great growth on the surface,” Roach explained, but it’s “unbalanced.”
India’s largest mining company, one Cramer says has “steroidal growth,” should be trading in the U.S. soon. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Jason Trennert, chief investment strategist for Strategas Research Partners, told CNBC’s “Squawk on the Street” that he believes the market will move higher despite the recent downdraft.
A global solution is needed to tackle climate change and the inclusion of the United States in any agreement is vital, European Commission President José Manuel Barroso president, told CNBC Europe.
Michael Morris, chairman of Business Roundtable’s Energy Taskforce and chairman and CEO of American Electric Power, told CNBC’s “Street Signs” that a world-wide plan is needed to attack global warming.
Standard Chartered is planning to return to retail stockbroking in Asia for the first time in more than a decade with a proposal to buy a brokerage network in India, the FinancialTimes reported on Monday.
The company built by the world's richest man takes on the world's largest democracy, and it's a case of cyber culture clash. India-based itVAR News (an IT website) says Microsoft is billing computer retailers in the town of Gujarat thousands of dollars, accusing them of installing pirated Windows software.The retailers have responded with a strike, a boycott and general outrage, though no one appears to be denying the accusations. One Indian retailer put it this way, "Since we are not charging anything extra for installing the software, it means that we are actually not trading in pirated software. For us, this is just a 'sewa' (selfless act) that we are offering to our customers. Besides, the pricing of their operating systems is way too high for Indian markets."
A lot of investors and U.S. businesses look to China for opportunities, but is India the sleeper pick for investors? Top strategists Lawrence Goodman, head of emerging markets strategy at Bank of America, and Andrew Foster, lead portfolio manager of the Matthews India Fund, joined Sue Herera to weigh-in on this topic this afternoon on Power Lunch.
Texas Instruments is looking abroad when it comes to boosting revenue and earnings, said President and Chief Executive Rich Templeton, speaking at the company’s annual analyst meeting. “We’re probably not a great proxy in terms of the U.S. economy,” Templeton told “Morning Call.” He explained, “More than 70% of our revenue actually ships around the world.”
Edward Yardeni, president Yardeni Research, told CNBC’s “Morning Call” that sound fundamentals and an international economic boom will drive the market higher.
At last week's Shanghai Auto Show, the GM CEO got an up-close view of the latest trend in the auto business -- cheap cars for developing markets. Oh make no mistake; this is not a trend that Wagoner is just stumbling upon. He's known about it for some time, and in some ways, General Motors is testing out the idea of selling "mini" cars -- with presumably a rather low price point. We'll talk more about that in a bit.
Global emerging markets, or GEMS, entice would-be investors with the potential of big returns. The growth of these markets over the past few years has been impressive. In 2006 alone, the MSCI Emerging Markets index rose 29%, led by an extraordinary 53% gain in its four biggest countries — Brazil, Russia, India and China.
First, Americans started spending more on their pets than their kids. Now we just don't want to be around the children at all! A survey by ModernMom.com found that if moms were given an extra hour of free time every day (which would actually be the only hour of free time they'd have), 36% would use it sleeping, 19% would like to get a manicure or massage, and only 6% would spend that extra hour with the kids.
Vodafone says Indian law bars it from owning all of the 67% of Hutchison Essar it plans to buy in a controversial $11.1 billion deal, the Financial Times reported on Thursday.
After years of being concentrated in two regions, emerging market interest is spreading all across Asia, Harish Manwani, president of Asia Africa for Unilever, told "Squawk Box Europe."
The delivery of information and services via the Internet could threaten as many as 40 million U.S. jobs in the next 20 years, Princeton University economist Alan Blinder told CNBC.“If you look back in history, (overseas job loss) has been concentrated in manufacturing,” Blinder said Wednesday on CNBC’s “Street Signs.”
Vodafone Group on Wednesday brushed off an Indian newspaper report that government regulators might delay its $11.1 billion planned acquisition of India's fourth-largest mobile phone operator, Hutchison Essar.
Jordan Kotick, global head of technical analysis for Barclays Capital, told CNBC’s “Closing Bell” that Monday's market downturn won’t hurt long-term prospects for stocks. He also said he’s bullish on global equities and suggested investors look at Brazil, Russia, India and China for values.