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  • Weak oil dictates mutual fund winners and losers in 2014 Thursday, 15 Jan 2015 | 12:33 PM ET

    LONDON, Jan 15- Weak oil prices shaped the performance of mutual funds in 2014 and investors expect the trend to continue, meaning last year's star, India, is likely to keep shining in the months to come. Equity funds were led by those specializing in India- an energy importer- while funds focused on oil exporter Russia dominated the bottom of the league, according to...

  • Jan 15- Bank of America Corp, the second-largest U.S. bank by assets, reported a 14 percent fall in quarterly profit as revenue from fixed-income trading and mortgage banking fell. JPMorgan Chase& Co reported on Wednesday a decline of 14 percent in bond trading revenue. Net income attributable to common shareholders fell to $2.74 billion, or 25 cents per share, in...

  • Jan 15- Bank of America Corp, the second-largest U.S. bank by assets, reported a 14 percent fall in quarterly profit, largely due to lower revenue from fixed-income trading. Net income attributable to common shareholders fell to $2.74 billion, or 25 cents per share, in the fourth quarter from $3.18 billion, or 29 cents per share, a year earlier. 1/ 8 ID: ID: nBw16jrpDa 3/ 8.

  • MUMBAI/ NEW DELHI, Jan 15- In cutting interest rates and giving a boost to the government's efforts to revive growth, India's central bank governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him. Modi's finance minister, Arun Jaitley, now needs to deliver cuts in subsidies, boost tax revenues and invest more in India's...

  • RBI cuts: 'The first of more cuts'  Thursday, 15 Jan 2015 | 4:40 AM ET

    The Reserve Bank of India has made an early cut in its repo interest rate. Latha Venkatesh from CNBC TV18 says that the bank was always expected to cut, but its early timing was "a surprise."

  • MUMBAI, Jan 15- The Reserve Bank of India surprised markets with a 25 basis point reduction in interest rates on Thursday and signaled it could cut further, amid signs of cooling inflation and what it said was a government commitment to contain the fiscal deficit. While the early move was unexpected, aggressive reductions in rates have been seen as likely over the...

  • MUMBAI, Jan 15- The Reserve Bank of India surprised markets with a 25 basis point cut in interest rates on Thursday and signalled it could do more, amid signs of slowing inflation and what it said was a government commitment to contain the fiscal deficit. While the early move was unexpected, aggressive reductions in rates have been expected over the course of the...

  • Jan 15- New York Attorney General Eric Schneiderman will propose legislation on Thursday that he says would make the state's data security law the strongest in the country and require "unprecedented safeguards" for personal data. Schneiderman's proposal seeks to broaden the scope of information that employers and retailers would be responsible to protect...

  • RBI cuts interest rate - more to come?  Thursday, 15 Jan 2015 | 12:09 AM ET

    Hiroshi Yoh, CEO and Portfolio Manager, Janus Capital Singapore, explains why the Indian central bank could administer more interest rate cuts in the second half of this year.

  • NEW DELHI— The Reserve Bank of India cut its key interest rate Thursday by a quarter percentage point in a surprise move that adds impetus to government efforts to revive Asia's third-biggest economy. The decision to lower the rate to 7.75 percent, announced more than two weeks before the central bank's planned monetary policy review on Feb. 3, follows several...

  • NY AG to propose new bill to strengthen data security law Wednesday, 14 Jan 2015 | 11:22 PM ET

    Jan 14- New York Attorney General Eric Schneiderman on Thursday will propose a legislation that he says would make the state's data security law the strongest in the country and require "unprecedented safeguards" for the personal data of consumers and workers. If it becomes a law, New York's requirements would meet California standards in terms of the breadth...

  • RBI 'means business' with rate cut: Barclays  Wednesday, 14 Jan 2015 | 10:36 PM ET

    Mitul Kotecha, Head of FX Strategy, Asia Pacific at Barclays, says the inter-meeting rate cut suggests that the Indian central bank is "impressed" with recent low inflation data.

  • Why RBI's unscheduled rate cut isn't a surprise  Wednesday, 14 Jan 2015 | 10:11 PM ET

    Sameer Goel, Head of Rates and FX Research Asia at Deutsche Bank, says the Reserve Bank of India mentioned in its last policy statement that it "could be moving outside the policy cycle."

  • Tech Mahindra's M&A strategy  Wednesday, 14 Jan 2015 | 7:43 PM ET

    CP Gurnani, CEO and Managing Director of Tech Mahindra, discusses the company's recent acquisitions and outlines how they help the firm to grow in areas like network services.

  • Why Credit Suisse is big on Indian stocks  Wednesday, 14 Jan 2015 | 7:32 PM ET

    Neelkanth Mishra, India Equity Strategist at Credit Suisse, says India's "superior growth" will lift earnings, in turn boost equities. He also explains why cheaper oil isn't a net positive for Indian markets.

  • Aer Lingus, Ryanair extending hedging position into 2016. SINGAPORE/ BERLIN, Jan 14- Global airlines, looking to lock in huge savings, are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 a barrel. In Europe, airlines such as Aer Lingus and Ryanair are aiming to take advantage of the low oil prices to...

  • IKEDA, Japan, Jan 14- When Daihatsu Motor Co launched the Mira e: S minicar in 2011, the Toyota affiliate thought it had found a model for emerging markets. The automotive keiretsu system, pioneered by parent Toyota Motor Corp. and widely adopted by rivals, was acclaimed across the world in the 1980 s and 1990 s as an ingredient in Japan Inc's success.

  • Indian court charges Uber driver with rape, kidnapping Tuesday, 13 Jan 2015 | 5:25 AM ET

    NEW DELHI— A New Delhi court charged an Uber cab driver on Tuesday with rape, kidnapping and criminal intimidation in a case that has renewed a national fury over chronic sexual violence in India. Judge Kaveri Baweja ordered the case to begin Thursday in a special fast-track court set up in 2013 to bypass India's lumbering judicial system. The case has appalled...

  • Jan 12- Drug developer Arrowhead Research Corp said the U.S. Food and Drug Administration placed the company's experimental hepatitis B treatment on partial clinical hold, seeking additional data from the drug's mid-stage study. The company's shares plunged 22 pct premarket on Monday after the FDA also asked the company to reduce the dosage of the drug,...

  • Jan 12- Drug developer Arrowhead Research Corp said the U.S. Food and Drug Administration asked the company to reduce the dosage of its experimental Hepatitis B treatment and requested additional data from the drug's mid-stage trial. The company's shares fell 19 pct premarket on Monday. Arrowhead said its ongoing mid-stage trial would continue as planned...