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  • India's inflation could rise 4.8% in May: Pro Thursday, 11 Jun 2015 | 9:48 PM ET
    India's inflation could rise 4.8% in May: Pro

    Shilan Shah, India economist at Capital Economics, expects India's consumer prices to rise 4.8 percent on-year in May, adding that inflation remains comfortably within the central bank's target.

  • India's push to offer banking for all stumbles Thursday, 11 Jun 2015 | 8:19 PM ET
    An employee serves customers inside a branch of Gramin Bank of Aryavat (GBA), sponsored by Bank of India, in the village of Khurana, Uttar Pradesh, India.

    More than half of a record 160 million bank accounts opened in India as part of a drive to offer banking to all are still empty.

  • India: World Bank's 'shining star' of EMs Thursday, 11 Jun 2015 | 6:34 PM ET
    India: World Bank's 'shining star' of EMs

    The World Bank has raised its forecasts for India's gross domestic product (GDP) to 7.4 percent this year. Devika Mehndiratta, senior economist for South Asia & ASEAN at ANZ, discusses.

  • DETROIT- June 11- Virgin Atlantic plans to decide within six months on how to replace seven Boeing 747 s it flies from London's Gatwick airport, and could expand its overall fleet in the process, the British airline's chief executive said Thursday. When Virgin Atlantic decides, he said, the order "will be replacement, plus." Virgin Atlantic has 39 planes, and is...

  • Sales of pre-fab bomb shelters are on the rise Thursday, 11 Jun 2015 | 1:23 PM ET
    Military personnel inspect segments from a Terramil bomb shelter.

    The conflict in Ukraine has sparked interest in an Estonian company's lightweight, pre-fab bomb shelters.

  • More than a third of India's 2.1 million HIV/AIDS patients depend on getting their daily antiretrovirals for free from state-run distribution centres, but many of them have been facing shortages or stock outs for months. The notice put out by the Central Board of Excise and Customs this week intends to make it cheaper to import raw materials that are used to...

  • MUMBAI, June 11- Foxconn Technology is in talks to manufacture Apple's iPhone in India, government officials said, in a move that could lower prices in the world's No.3 smartphone market where the U.S. firm trails Samsung Electronics and local players. India could help Foxconn mitigate accelerating wage inflation in China, where it makes the majority of iPhones,...

  • NEW DELHI, June 11- Saudi Arabia is ready to increase its oil output in the coming months to a new record to meet a rise in global demand, despite increased domestic use, a senior state oil company official said on Thursday. Saudi Arabia increased production in May to around 10.3 million barrels per day- its highest rate on record- as a result of increased global demand.

  • ZURICH, June 11- The U.S. Food and Drug Administration is testing samples of a Nestle instant noodle brand that was recalled from stores across India last week, a spokeswoman for the Swiss food group said on Thursday. A spokeswoman for the Swiss-based company said the United States' FDA was now also looking into the issue. "We have been made aware that the FDA has taken...

  • NEW DELHI, June 11- The world's top oil exporter Saudi Aramco will not cut exports this year despite rising demand at home, a senior company official told Reuters on Thursday, adding it was prepared to meet any rise in demand from countries like India. Ahmed Al-Subaey, Saudi Aramco's executive director for marketing, said while Chinese oil demand was stabilizing,...

  • ZURICH, June 11- The U.S. Food and Drug Administration is testing samples of a Nestle instant noodle brand that was recalled from stores across India last week, a spokeswoman for the Swiss food group said on Thursday. A spokeswoman for the Swiss-based company said the United States' FDA was now also looking into the issue. "We have been made aware that the FDA has taken...

  • UPDATE 1-Teva switches legal counsel after Mylan challenge Wednesday, 10 Jun 2015 | 12:41 AM ET

    June 9- Teva Pharmaceutical Industries Ltd has changed the law firm it had tapped for advice on its $40 billion attempt to take over smaller rival Mylan NV after a court sided with the latter's bid to seek a preliminary injunction against the previous law firm. Teva is now working with Sullivan& Cromwell LLP as legal counsel in its proposal to acquire Mylan, the...

  • Falling yen raises specter of "currency war" in Asia Tuesday, 9 Jun 2015 | 5:00 PM ET

    SINGAPORE, June 10- From South Korea to Indonesia and India, monetary authorities are preparing to let their currencies weaken as a falling Japanese yen makes their economies uncompetitive, and drags them into what some policymakers are calling a "currency war." An adviser to India's finance minister said the country's export growth was flailing not just...

  • BARABANKI, India/ NEW DELHI, June 8- The packets of Nestle's Maggi 2- Minute Noodles that triggered India's worst food scare in a decade almost got lost in the post. Returned months later to the north Indian food inspector who first sent the samples- after a detour via Shimla in the Himalayas- the consignment eventually reached a laboratory in Kolkata, where tests...

  • DHAKA, June 6- India and Bangladesh signed an agreement on Saturday to simplify their 4,000- km border and clarify the identities of 52,000 living in enclaves, over four decades after the neighbors first tried to untangle complex territorial rights set down in 1713.. A string of trade and investment agreements accompanied the land deal, with $4.5 billion of...

  • OPEC keeps pumping Friday, 5 Jun 2015 | 2:08 PM ET
    OPEC keeps pumping

    Helima Croft, RBC Capital Markets, discusses the global fight for oil market share between OPEC and the U.S.

  • *Group CEO Paul Bulcke to speak in New Delhi. *India's most significant food scare in last decade. MUMBAI, June 5- Nestle SA will pull its Maggi instant noodles from stores across in India, withdrawing one of the country's most popular snacks after weeks of damaging headlines triggered by regulators' reports that some packs contained excess lead.

  • MUMBAI, June 5- Food group Nestle has withdrawn Maggi instant noodles from sale in India citing "an environment of confusion for consumers," after a food scare triggered by a domestic regulator's report that some packs of the popular snack contained excess lead. Sales of Maggi noodles in India represent a tiny fraction of Nestle's company-wide revenue of almost...

  • June 4- The U.S. Securities and Exchange Commission is investigating whether some activist investors secretly acted jointly to target companies, one hedge fund industry source said. The SEC's enforcement division recently opened multiple investigations and sent requests for information to a number of hedge funds, The Wall Street Journal reported earlier,...

  • June 4- DavidsTea Inc's initial public offering has been priced at $19 per share, a market source told Reuters, valuing the Canadian loose-leaf tea retailer at about $440 million. DavidsTea is the second Canadian company to list on a U.S. exchange this year, after e-commerce software maker Shopify Inc listed its shares on both the Toronto Stock Exchange and the...