Jahangir Aziz, Head of EM Asia Economic Research at JP Morgan, says the Reserve Bank of India is unlikely to raise interest rates on Tuesday, but could make a move in the first quarter of 2015.» Read More
Oct 9- NuPathe Inc said it would cut half of its workforce to reduce costs and focus on the regulatory approval of its experimental migraine patch. NuPathe has 37 employees, according to Thomson Reuters data.
NEW DELHI, Oct 9- The steps Europe has taken to cure its economic ills will take years to bear fruit and it will be a long time before the continent returns as a major driver of economic growth, U.S. "Europe has a very hard road ahead of them," Geithner told a meeting with business leaders during a visit to New Delhi.
Treasury Secretary Timothy Geithner met Tuesday with India's finance minister to discuss lowering trade and investment barriers just weeks after the Indian government started a drive to reignite the nation's declining economic growth.
NEW DELHI, Oct 9- A Reliance Industries led consortium may have to shut key gas producing fields in the KG D6 block in 2015/ 16, India's oil secretary G. C. Chaturvedi said on Tuesday. Canadian company Niko Resources has a 10 percent stake in the D6 block in the Krishna Godavari basin, while Reliance and BP, the operators, have 60 percent and 30 percent respectively.
SINGAPORE, Oct 9- Asia's fuel oil cash differentials recovered on Tuesday as low prices helped to stir up buying interest. Cash differential for 180- centistoke fuel oil narrowed more than a dollar to a discount of 40 cents a tonne above Singapore spot quotes, the highest in three sessions.
Oct 9- MSP Steel& Power Ltd:. *India's MSP Steel& Power Ltd says board to meet on October 17 to. MSP Steel& Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 17, 2012, inter alia, to consider issue of Equity Shares on preferential basis to the promoters and non-promoters.
**ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.
NEW DELHI, Oct 9- India's aviation regulator has asked Kingfisher Airlines Ltd, which faces a possible shutdown by the government after an extended grounding of its fleet, to stop selling tickets until its concerns are resolved, a government source said.
Oct 9- The following financial services industry appointments and departures were announced on Tuesday. Two veteran broker teams from Bank of America's Merrill Lynch have departed for rival firms Morgan Stanley Wealth Management and Wells Fargo Advisors, according to sources with knowledge of the moves.
CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.
*United Spirits surges on hopes for Diageo deal. MUMBAI, Oct 9- Indian shares recovered on Tuesday from two previous sessions of losses as dented stocks such as Infosys rose, while private banks such as ICICI Bank gained on hopes their quarterly earnings would prove resilient.
NEW DELHI, Oct 9- U.S. Treasury Secretary Timothy Geithner said on Tuesday he was "relatively confident" that Washington can manage its fiscal challenges.
Oct 9- Silicon Valley-based Workday Inc, which provides cloud-based human resource software, raised the expected price range of its IPO to $24- $26 per share from $21- $24 per share. Pleasanton, California- based Workday was co-founded by ex-PeopleSoft executives David Duffield and Aneel Bhusri, who left PeopleSoft following its acquisition by Oracle Corp.
NEW DELHI, Oct 9- The U.S economy is now growing close to its potential, U.S Treasury Secretary Timothy Geithner said on Tuesday. Geithner also said during a visit to New Delhi that economic reforms in Europe "could take years and years to bear fruit". "We are very worried about risk of collapse in Europe...
Regulatory uncertainty and policy gridlock have battered foreign corporate investment towards India over the past year, adding to dramatic slowdown in growth.
AMSTERDAM, Oct 9- When Koen Olthuis finally landed his first job after graduating as an architect, his new firm wouldn't let him work on the most historic or prestigious accounts in Amsterdam's 17th century centre.
MUMBAI, Oct 9- Indian shares recovered on Tuesday from two previous sessions of losses as dented stocks such as Infosys rose, while private banks such as ICICI Bank gained on hopes their quarterly earnings would prove resilient. ICICI Bank rose 1.3 percent, while Infosys. The BSE index provisionally rose 0.4 percent, while the 50- share NSE index rose 0.5 percent.
LONDON, Oct 9- Emerging stocks were little changed on Tuesday as hopes that China's markets could be opened up further to offshore investors counterbalanced growth warnings from the International Monetary Fund.
HONG KONG, Oct 9- Nobel laureate Shinya Yamanaka warned patients on Tuesday about unproven "stem cell therapies" offered at clinics and hospitals in a growing number of countries, saying they were highly risky.
NEW DELHI, Oct 9- India proposes to ask airlines to provide detailed business plans for three years before they purchase planes, the country's aviation minister Ajit Singh said on Tuesday.