Ahead of quarterly earnings, Rumit Dugar, Analyst, IT, Telecom & Media, Religare Capital Markets, says wage hikes and currency appreciation may hurt Wipro's results.» Read More
SINGAPORE, Oct 2- The Asian naphtha price extended losses on Tuesday to reach a three-session low of $966 while margins snapped four sessions of gains and fell to $124.95 a tonne as squeezed petrochemical margins overshadowed the firm gasoline prices in the West.
The investigation initiated by the U.S. Attorney's Office for St. Louis in 2005 covered the company's joint ventures, financial relationships with physicians and services provided to patients, and included the administration and billing of DaVita's anemia drug, Epogen.
Another top executive at the JPMorgan unit that lost $5.8 billion on derivatives trades this year is leaving the company. The real estate investment manager named Jeroen Verheijden as a senior vice-president to spearhead the company's client business in the UK, the euro zone and the Middle East.
Oct 2- Eli Lilly and Co and German drugmaker Boehringer Ingelheim Pharmaceuticals Inc said data from two trials of their experimental diabetes treatment showed the drug reduced blood pressure in patients. Diabetes patients are prone to high blood pressure, which can raise the risk of other health complications.
LONDON-- Surprise good news from the U.S. continued to shore up financial markets Tuesday despite concerns about the economic outlook of both Greece and Spain. "The ISM rose above the critical 50 mark in a surprise move yesterday thus creating a jamboree of good sentiment," said Carolin Hecht, an analyst at Commerzbank.
BANGKOK-- World stock markets lost momentum Tuesday as investors weighed an improvement in U.S. manufacturing against the possibility Spain's government debt will be downgraded to junk status. Britain's FTSE 100 fell 0.3 percent to 5,806.11. In Asia, Japan's Nikkei 225 index shed morning gains to close 0.1 percent lower at 8,786.05.
MUMBAI, Oct 2- India's aviation regulator, after a meeting with the debt-laden Kingfisher Airlines on Tuesday, said the airline plans to use 600 million rupees in frozen bank accounts to pay salaries.
NEW DELHI, Oct 2- India's Kingfisher Airlines Ltd. Kingfisher is in talks with employees and will make a call on lifting the partial lockout on Thursday, Chief Executive Sanjay Aggarwal told reporters on Tuesday after a meeting with the country's aviation regulator.
NEW DELHI, Oct 2- India's Kingfisher Airlines. will take a call on lifting a partial lockout on Oct. 4, Chief Executive Sanjay Aggarwal said on Tuesday. The airline is engaging in talks with employees, Aggarwal told reporters after a meeting with the country's aviation regulator.
SYDNEY, Oct 2- Australian shares rallied 1 percent on Tuesday to their highest close in five months after the central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.
SYDNEY, Oct 2- Australian shares rallied 1 percent to their highest close in five months after Australia's central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.
MUMBAI, Oct 2- India's Hero MotoCorp. two-wheeled vehicle sales: Sept 2012 Sept 2011 Pct change TOTAL SALES 404,787 549,625 -26.4. Note: Hero MotoCorp is the world's largest manufacturer of two-wheeled vehicles.
MOSCOW- The VTB Capital " RUSSIA CALLING!" MOSCOW- Russia's Deputy Agriculture Minister Ilya Shestakov holds a briefing. MOSCOW- Russia's monthly oil output and export and gas output data.
NEW DELHI, Oct 2- India's Kingfisher Airlines Ltd. Kingfisher, which is controlled by liquor baron Vijay Mallya and was once India's No. 2 carrier by domestic market share, has struggled with its $1.4 billion debt load. Shares in Kingfisher closed 4.95 percent down at 15.35 rupees Monday on the National Stock Exchange.
TAIPEI, Oct 2- Taiwan stocks closed up 0.56 percent on Tuesday, joining other Asian bourses in gains, with HTC Corp. The Taiwan dollar was up by T $0.122 to trade at T $29.280. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........
*MSCI Asia ex- Japan up 0.3 pct, Nikkei recovers from 3- week low. inched up 0.1 percent, suggesting a firm start on Wall Street, but financial spreadbetters expected London's FTSE 100.
The yield on Turkey's two-year benchmark bond. Markets in China, Hong Kong and India are closed for holidays on Tuesday. Turkey's Isbank said it signed an agreement to sell its 54 percent stake in Gemlik Liman, a port located near Istanbul.
MUMBAI, India-- Kingfisher Airlines has grounded flights for at least three days after a violent strike over unpaid wages at the cash-strapped Indian carrier. Chief executive Sanjay Aggarwal met with India's airline regulator Tuesday. Aggarwal said half of Kingfisher's employees received their salary for March 2012, though he forfeited his.
The country's largest fertilizer company, Mosaic, said weak demand from China and India weighed on its profits. Mosaic, Dupont and stocks of other companies in the materials industry fell. Shortly before noon, the Dow Jones industrial average was down 75 points at 13,439. Dupont led the Dow lower, sinking 1.8 percent, or 84 cents, to $49.52.
*Trial ended in August with victory for Apple on many claims. *Samsung files motion against Apple on iPhone 5. Oct 1- A U.S. court removed a temporary sales ban against Samsung Electronics Co Ltd's Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean company to sell the product in the United States.