Gold investors can at least count on one factor lending some support to prices this year—a stronger appetite for the metal in India during Diwali.» Read More
Oct 10- U.S. tax preparer H&R Block Inc said it was exploring strategic alternatives for its banking unit to avoid heavy costs associated with stricter supervision under the Dodd-Frank Act. H&R Block, like other companies with small banking units, is under pressure to get out of the business to escape costly oversight by the U.S.
*Looming risk to safe-haven flows to U.S., Japan* IMF tone in contrast to more upbeat mood in Europe* IMF says global financial confidence "very fragile".
Oct 10- Activist investor Clinton Group said it will no longer push for a sale of Wet Seal Inc, which it won control of last week, but will instead focus on turning the apparel retailer around. On Friday, the investment firm managed to get four of its nominees elected to Wet Seal's eight-member board. Wet Seal also named a Clinton Group nominee as chairman on Wednesday.
Oct 10- Danaher Corp and Cooper Industries will sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion, joining a growing group of U.S. conglomerates that is divesting its non-core assets.
By Juhi Arora and Siddharth Cavale. Oct 10- Premium jeans maker True Religion Apparel Inc, which has been hit by falling sales, said it may sell itself after receiving interest from potential buyers. More importantly, we question the relevancy of the brand, particularly given its premium price point, "said analyst Edward Yruma of KayBanc Capital Markets.
Amira Nature Foods Ltd, a leading global provider of packaged Indian specialty rice, announced today that Chairman and Chief Executive Officer, Karan Chanana, along with other senior executives, will ring the New York Stock Exchange opening bell on Wednesday, October 10, 2012.
Oct 10- ING Vysya Bank Ltd:. *India's ING Vysya Bank- RBI imposed penalty of 5.5 million rupees.
Oct 10- U.S. tax preparer H&R Block Inc said it is exploring strategic alternatives for H&R Block Bank, which could result in the company no longer being regulated by the Federal Reserve as a savings and loan holding company. H&R Block said it does not expect any material impact on its earnings for fiscal 2013..
*Gazprom already ships 1.6 million tonnes of LNG a year to KOGAS. MOSCOW, Oct 9- Gazprom said on Tuesday it has signed an agreement to sell liquefied natural gas to Korea Gas Corporation, as it strengthens its position in Asian markets.
CANBERRA, Oct 10- India's GVK Power and Infrastructure cleared a major hurdle for a A $10 billion coal project in Australia, winning federal government approval for the construction of a new export terminal in Queensland state.
The Reserve Bank of India said on Wednesday it did not get any bids at its one-day reverse repo auction, through which it absorbs excess cash from the banking system. Earlier in the day, it accepted all 25 bids for 633.25 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system.
Oct 10- Clothing retailer Wet Seal Inc named a Clinton Group nominee as chairman of its board, after replacing four of its board members with the activist investor's nominees last week.
Oct 10- Jeans maker True Religion Apparel Inc, which has been hit by falling sales, said it may sell itself, after receiving interest from potential buyers. Shares in the company jumped 28 percent to $26.88 in premarket trade on Wednesday, valuing it at about $683 million.
MUMBAI, Oct 10- India's Housing Development Finance Corp plans to raise up to 10 billion rupees through five-year bonds with a put option at the end of 13- months at 9 percent, a source with direct knowledge of the matter said on Wednesday. The base size of the issue is 7.5 billion rupees with a greenshoe of 2.5 billion rupees, the source said.
*S&P says India still faces risk of rating downgrade. *India FY13 car sales growth f'cast slashed to 1-3 pct. S&P said the recent reform steps initiated by the government had helped in "slightly" revising its view on the country's credit rating, but warned India still faced a one-in-three chance of a credit rating downgrade within the next 24 months.
New Delhi, Oct 10- India's gross direct tax receipts rose about 5.9 percent to 2.7 trillion rupees during the first half of the current fiscal year, from a year earlier, on higher income tax and wealth tax revenues, a government release said.
ISTANBUL, Oct 10- Turkey's Enerjisa and India's Tata Power were among 13 groups pre-qualified in the privatisation of Gediz EDAS, the power distributor in the western cities of Izmir and Manisa, Turkey's privatisation agency said on Wednesday.
Oct 10- Danaher Corp and Cooper Industries agreed to sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion, joining the growing trend among U.S. conglomerates to shed non-core assets.
Oct 10- Denim maker True Religion Apparel Inc. True Religion said it formed a special committee comprised of its non-management directors and engaged Guggenheim Securities LLC as financial adviser and Greenberg Traurig LLP as legal counsel to assist in the review process.
Oct 10- An Oklahoma court ordered JP Morgan Chase& Co to restore ExxonMobil shares, valued at about $20 million, to a trust for causing substantial losses through "ill-advised" investments.