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  • News Summary: Profits slide at India's Reliance Monday, 15 Oct 2012 | 3:05 PM ET

    DEFLATING EARNINGS: India's Reliance Industries reported a 5.7 percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.

  • Profits slide 5.7 percent at India's Reliance Monday, 15 Oct 2012 | 8:55 AM ET

    MUMBAI, India-- India's Reliance Industries on Monday reported a 5.7 percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.

  • Recent winners of Nobel economics prize Monday, 15 Oct 2012 | 7:25 AM ET

    _ 2010: Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, of Britain and Cyprus, for their analysis of markets with search frictions. _ 2005: Robert J. Aumann, of Israel and the United States, and American Thomas C. Schelling, for their work in game-theory analysis.

  • World stocks rise, Softbank pounces on Sprint Monday, 15 Oct 2012 | 5:33 AM ET

    BANGKOK-- European stocks rose and some Asian markets staged a comeback Monday as investors looked ahead to the release of U.S. earnings reports and Softbank's $20 billion deal for Sprint showed optimism amid economic turbulence.

  • India inflation rises to 7.8 percent in September Monday, 15 Oct 2012 | 2:33 AM ET

    MUMBAI, India-- India's inflation accelerated to 7.8 percent in September after the government hiked subsidized fuel prices to rein in the budget deficit. "Core inflation has remained sticky," said Sonal Varma, economist at Nomura Financial Advisory and Securities in Mumbai. "

  • Pablo Goldberg, global head of emerging markets research at HSBC, shares his views on how India will provide growth opportunities for emerging markets over the next twelve months and whether QE3 will provide a boost.

  • Asian powers double defense spending in a decade Monday, 15 Oct 2012 | 12:14 AM ET

    WASHINGTON-- Asia's top powers have doubled defense spending in the past decade, spurred by the explosion in military expenditure by China, new research shows. The research covers China, Japan, India, South Korea and Taiwan, which account for some 87 percent of Asia's defense spending.

  • ICICI: India's Growth Story Is Back     Sunday, 14 Oct 2012 | 8:45 PM ET

    Chanda Kochhar, CEO, ICICI Bank says that New Delhi's recent policy measures will see the return of Indian growth as it will resume investment and consumer demand.

  • India Needs to Overcome Its Policy Divides     Sunday, 14 Oct 2012 | 8:45 PM ET

    Tony Nash, Managing Director, IHS says that India needs to prove themselves on the policy front before investors can get excited about investing in the country.

  • India Wins Over Markets, but Now Comes the Hard Part Sunday, 14 Oct 2012 | 8:09 PM ET

    India's Finance Minister P. Chidambaram exudes the self-confidence of a man who, in the eyes of India's cheerleading financial markets, can do little wrong.

  • Geithner: Work remains despite US fiscal progress Friday, 12 Oct 2012 | 11:00 PM ET

    TOKYO-- Despite making progress on getting its fiscal house in order, the United States still has much work to do, Treasury Secretary Timothy Geithner told fellow financial leaders Saturday.

  • Oct 12- Bankrupt solar firm Solyndra has filed a lawsuit against three U.S.-listed Chinese solar players, including Suntech Power Holdings Co, seeking $1.5 billion in compensation due to monopolization by these firms, according to court documents filed on Thursday.

  • Oct 12- Bankrupt solar firm Solyndra has filed a lawsuit against three U.S.-listed Chinese solar players, including Suntech Power Holdings Co, seeking $1.5 billion in compensation due to monopolization by these firms, according to court documents filed on Thursday.

  • *Convicted in June for leaking Goldman Sachs secrets. NEW YORK, Oct 12- Bill Gates and Kofi Annan are among several prominent businessmen and humanitarians asking a U.S. judge to show fairness when he sentences former Goldman Sachs Group Inc board member Rajat Gupta for his insider trading conviction later this month.

  • Oct 12- Cablevision Systems Corp is looking at the possibility of selling its broadband telecommunications subsidiary Bresnan Broadband Holdings LLC, the Wall Street Journal reported, citing people familiar with the matter.

  • Seadrill Partners to raise up to $193 mln in IPO Friday, 12 Oct 2012 | 6:25 PM ET

    The company, formed by Seadrill Ltd, counts Chevron Corp, BP Plc and ExxonMobil Corp. Seadrill Partners plans to use the proceeds from the offering to acquire stakes in two operating units of Seadrill Ltd, the company said in a regulatory filing.

  • MOVES-Wells Fargo, RBS Friday, 12 Oct 2012 | 4:24 PM ET

    Wells Fargo's independent brokerage business has expanded in Florida and Oregon with veteran adviser teams that joined the company from rival firms UBS Wealth Management Americas and Bank of America's Merrill Lynch. The bank appointed John Shelley as chief risk officer, Asia Pacific.

  • Oct 12- CVS Caremark Corp said on Friday it has not been contacted by the U.S. government regarding alleged claims the drugstore chain refilled prescriptions and sought reimbursement for them without the approval of patients.

  • WAfrica Crude-Chinese demand slump weighs Friday, 12 Oct 2012 | 1:29 PM ET

    GENEVA, Oct 12- West African crude oil differentials were assessed slightly lower on Friday as traders reported slow sales for the remaining November cargoes due partly to Chinese refinery outages.

  • Oct 12- Lexicon Pharmaceuticals Inc said its experimental bowel disorder drug met the main goal of reducing bowel movements in patients with gastrointestinal cancer in a mid-stage study, sending its shares up as much as 13 percent on Friday. However, Morningstar analyst Karen Andersen said the drug could now be potentially used as a first-line therapy.