South and Southeast Asia


  • Sept 23- Carnival Corp, the world's largest cruise operator, reported a 4.7 percent rise in quarterly revenue, helped by higher demand for its Asia cruises. The company's net income rose to $1.25 billion, or $1.60 per share, in the third quarter ended Aug. 31 from $934 million, or $1.20 per share, a year earlier.

  • Sept 23- CarMax Inc, the largest U.S. used-car retailer, reported a lower-than-expected quarterly profit as growth in comparable unit sales at its used car lots slowed to a near halt. CarMax's comparable unit sales growth at used-car stores open for at least a year slowed to 0.2 percent in the second quarter ended Aug. 31 from 15.9 percent, a year earlier.

  • Newmont raises full-year copper production forecast Tuesday, 23 Sep 2014 | 8:50 AM ET

    Sept 23- Newmont Mining Corp raised its full-year copper production forecast to reflect the resumption of shipments from Indonesia. The miner received an export permit from the Indonesian government on Monday to resume copper concentrate shipments from the country.

  • Sept 23- Consumer products company Spectrum Brands Holdings Inc said it would buy Procter& Gamble Co's European pet food business, which includes the Iams and Eukanuba dog and cat food brands. The financial terms of the transaction were not disclosed. P&G sold 90 percent of its pet food business to Mars Inc in April, but that excluded Europe.

  • CarMax revenue rises 11 pct as used car sales increase Tuesday, 23 Sep 2014 | 7:49 AM ET

    Sept 23- CarMax Inc, the largest U.S. used car retailer, reported a 11 percent rise in quarterly revenue as easier availability of credit boosted car sales. Net income rose to $154.5 million, or 70 cents per share, from $140.3 million, or 62 cents per share, a year earlier.

  • Sept 23- OM Asset Management Ltd, a unit of Anglo-South African financial group Old Mutual Plc, is expected to raise about $374 million in its initial public offering.

  • Sept 23- OM Asset Management Ltd, a subsidiary of British insurer Old Mutual Plc, said it expects its initial public offering of 22 million shares to be priced between $15 and $17 each.

  • NEW DELHI, Sept 23- India does not plan to raise grain allocations under its food welfare program, the food minister told Reuters on Tuesday, after a newspaper report quoted him backing an increase in such subsidized handouts that would have stretched state finances.

  • Indian minister wants to hike food handouts - paper Tuesday, 23 Sep 2014 | 2:12 AM ET

    NEW DELHI, Sept 23- India should increase handouts of subsidized grain, its food minister was quoted as saying, in a move that would backtrack on long-term commitments to reduce food stockpiling and undermine vestigial hopes of salvaging a global trade accord.

  • India's Modi to get rock star reception in New York Monday, 22 Sep 2014 | 10:00 PM ET

    Thousands more are expected to pack New York's Times Square to watch his address in Hindi on big screens as well as smaller viewing parties around the country and on TV in India. The Indian diaspora hopes this visit by a leader who was until recently barred from the United States will signify India's importance not only on these shores but in wider the world too.

  • Sept 22- The U.S. Federal Trade Commission is considering a possible antitrust lawsuit against Sysco Corp's $3.5 billion deal to buy debt-ridden US Foods from private equity, the Wall Street Journal reported on Monday citing people with knowledge of the matter.

  • Facebook to introduce new advertising platform -WSJ Monday, 22 Sep 2014 | 8:30 PM ET

    Sept 22- Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter. The product is a redesigned version of Atlas Advertiser Suite, an ad management and measurement platform that Facebook bought from Microsoft Corp last year.

  • Since Valeant and Pershing Square offered to buy Allergan on April 22, Allergan has consistently rejected their offer, saying it undervalues the company. "We believe Valeant and Pershing Square are conducting a fishing expedition for their own purposes and contrary to the best interests of Allergan stockholders," Allergan's spokesman said on Monday.

  • Sept 22- Standard& Poor's owner McGraw Hill Financial Inc said it would sell McGraw Hill Construction to a private equity firm for $320 million.

  • Omnicom CFO Weisenburger steps down Monday, 22 Sep 2014 | 6:02 PM ET

    Sept 22- Omnicom Group Inc, the No.1 U.S. advertising company, said Chief Financial Officer Randall Weisenburger had stepped down to return to private equity after spending more than a decade with the company.

  • Business Highlights Monday, 22 Sep 2014 | 6:00 PM ET

    NEW YORK— Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses and ordinary people to pollute.

  • Sony PlayStation TV to hit stores on Oct. 14 Monday, 22 Sep 2014 | 3:32 PM ET

    Sept 22- Sony Corp said PlayStation TV set-top box, which allows users to access movies and TV episodes from the PlayStation store, will hit stores in the United States and Canada on Oct. 14. Sony is trying to expand its entertainment network services to compete against players like Amazon.com Inc..

  • Sept 22- People in developing countries view corporations more favorably than those in developed countries, a survey by CNBC and public relations firm Burson-Marsteller showed.

  • Sept 22- Philadelphia Energy Solutions, a joint venture part owned by Carlyle Group LP, disclosed plans on Monday to sell shares in an oil rail unloading system it built at the 335,000 barrel-per-day Philadelphia refinery it took over two years ago.

  • DUBAI, Sept 22- An economic rebound has catapulted house prices and rents in Dubai to Manhattan- like peaks, the Gulf emirate's top property website says, forcing increasing numbers of residents to move to its cheaper outskirts or even to consider returning home abroad.