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Rotana CEO Selim El-Zyr says the time has not come for Rotana to go public or to establish its brand in developed countries, as it should first focus on consolidating its regional leadership.
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LONDON, April 4- Stronger manufacturing and services output in China helped lift emerging market business confidence in March, masking slower growth in Brazil, Russia and India, a monthly purchasing managers' survey showed.
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Rotana CEO Selim El-Zyr says the time has not come for Rotana to go public or to establish its brand in developed countries, as it should first focus on consolidating its regional leadership.
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Neil Atkinson, director, energy research and analysis at Datamonitor, tells CNBC that thanks to a "patchy" economic picture and struggling demand, oil prices are much more likely to fall than rise.
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NEW DELHI, April 3- India plans to set up a fund of up to 20 billion rupees to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global reinsurers from taking on the risk.
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NEW YORK-- A fashion designer already serving 59 years to life in California for molesting would-be models was sentenced in New York on Tuesday to five years in a similar case in a courtroom full of his supporters who blew him kisses. "Anand Jon is innocent and he will prove it.
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TUTICORIN, India, April 3- Sterlite Industries Ltd has declared force majeure on deliveries of copper from India's largest smelter following its closure last week after locals complained about emissions, a senior company official said on Wednesday.
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TORONTO, April 3- Toronto-Dominion Bank Chief Executive Officer Ed Clark plans to retire in late 2014, and Bharat Masrani, group head of U.S. personal and commercial banking, will succeed him, the bank said on Wednesday.
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*Plentiful coffee from previous Brazil crop-Licht. May raw sugar futures edged down 0.02 cent or 0.1 percent to 17.57 cents a lb by 1119 GMT, just above Tuesday's 2-1/ 2 year low of 17.50 cents. "Big crops in Thailand, India and Mexico, and the favourable weather in Brazil suggesting a good crop there: all of these factors suggest general bearishness."
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NEW DELHI, April 3- Indian Prime Minister Manmohan Singh urged business leaders on Wednesday to keep faith in his Congress- led government's efforts to improve a dire investment climate, without giving details of fresh steps to bring about a recovery in the sagging economy.
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Leif Eskesen, chief economist for India & ASEAN at HSBC, says the Chinese services sector expansion is "policy-engineered" whereas India is experiencing a "stabilization of conditions" and will need further structural reforms to boost investments.
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*India's biggest copper plant closes for at least a week. *Copper inventories rise to highest since October 2003. LONDON, April 3- Copper fell to an eight-month low on Wednesday as concerns about economic growth cast doubt on the global demand outlook for industrial metals and pushed speculators to open more short positions ahead of a two-day holiday in China.
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TOKYO, April 3- Japan's Nikkei share average is likely to rise on Wednesday, as gains in Wall Street are expected to help the market recover from losses of more than 3 percent in the past two sessions.
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We look forward to continued engagement and successful collaboration with India on these issues, "said Andrea Mead, a spokeswoman for the U.S.
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Andrew Weiss, head of pharma and biotech research at Vontobel, tells CNBC why Novartis' failure to win its battle for patent protection for the drug Glivec highlights the flaws in pharma companies' emerging market strategy.
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LONDON/ MUMBAI, April 2- Stung by a landmark patent defeat, Western drugmakers will be wary about launching new products in India, but they cannot afford to quit a country tipped to be the world's eighth largest market for medicines by 2016..
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*Reliance Industries to use Reliance Comms fibre optics. Reliance Industries, controlled by Mukesh Ambani, India's richest person, will pay 12 billion rupees to younger brother Anil Ambani's Reliance Communications for use of its fibre optic network.
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LONDON, April 1- The triumph of hope over experience. Though MSCI's China index is languishing 4 percent in the red this year, many fund managers are betting the stars are finally aligned for a lasting turnaround in China's equity index, the biggest in emerging markets.
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Annual growth of 8 percent may seem like a distant memory in India, whose economy has suffered a sharp deceleration over the past year, however, the country's finance minister believes Asia's third largest economy can return to such levels by 2015.
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Thousands of U.K. financial sector workers risk being frozen out of the industry unless they pass mandatory tests measuring their personal ethics and integrity.
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LONDON, April 2- Thousands of financial sector workers risk being frozen out of the industry unless they pass mandatory tests measuring their personal ethics and integrity.