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  • Morgan Stanley downgrades India's SAIL to 'underweight' Thursday, 4 Oct 2012 | 12:39 AM ET

    MUMBAI, Oct 4- Morgan Stanley cut its rating on Steel Authority of India Ltd to' underweight' from' equalweight' and lowered target prices on other Indian steel stocks, citing raw material costs, sluggish volume growth and declining return-on-equity. Morgan Stanley also cut SAIL's price target to 72 rupees from 95 rupees.

  • DUBAI, Oct 4- HSBC Holdings Plc is to significantly scale back the scope of its global Islamic banking operations, as the business becomes the latest area to be affected by a wider restructuring at the UK- based bank.

  • Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.

  • EADS-BAE merger could be hostage to U.S. politics Thursday, 4 Oct 2012 | 12:33 AM ET

    WASHINGTON/ LONDON, Oct 3- To win approval for their planned $45 billion merger, EADS and BAE systems must persuade Washington to let a pan-European behemoth control some of the most sensitive U.S. defence contracts, without triggering a political backlash.

  • Oct 4- Pfizer Inc said a late-stage trial of its vaccine to protect against pneumococcal bacteria suggested it would also work in adults aged 18-49, thereby possibly expanding its sales.

  • SINGAPORE, Oct 4- India's Oil and Natural Gas Corp has sold 35,000 tonnes of naphtha to Total for Oct. 26-27 loading from Hazira at around $30 a tonne above Middle East quotes on a free-on-board basis, down from previous sales for the month.

  • KUALA LUMPUR, Oct 4- A Malaysian court has postponed to Oct. 10 a hearing on the temporary operating licence granted to Lynas Corp Ltd's controversial rare earth plant, activists said on Thursday. The Kuantan High Court had been expected to rule on whether it will consider judicial reviews seeking to block the plant.

  • Krispy Kreme signs franchise agreement in Asia Thursday, 4 Oct 2012 | 12:12 AM ET

    WINSTON-SALEM, N.C.-- Krispy Kreme Doughnut Corp. said Thursday that it has reached an agreement with an Asian retail operator to develop 15 franchised stores in Singapore over the next five years. The doughnut chain is working with Star360 Group to develop the stores.

  • *India'S Gujarat State Petroleum Corp'S Open Offer To Acquire 26. Percent more In Bg unit Gujarat Gas to be launched at 314.17 Rupees/ Share- Manager. *GSPC open offer to be worth up to 10.5 billion rupees if fully accepted-.

  • MUMBAI, Oct 4- India's Power Finance Corp. is planning to launch an unsecured bond sale to raise at least 1.5 billion rupees, a term sheet seen by Reuters showed. A total of 19 arrangers have been asked to provide commitments by 2 p.m. IST on Thursday.

  • DUBAI, Oct 4- An Islamic trade association in Iran strongly condemned the protests that flared in Tehran's main bazaar as an enemy conspiracy and said traders had dealt with the "treacherous" acts, Iran's state news agency reported late on Wednesday.

  • COMMERCIAL BANKS' CASH AS ON AVG DAILY CASH FORTNIGHT BALANCES WITH RBI DATE RESERVE REQUIREMENT ENDING 3,420.5000 29/ 09 3,019.2000 05/ 10 3,360.6100 28/ 09 3,019.2000 05/ 10 3,144.3200 27/ 09 3,019.2000 05/ 10 3,038.2600 26/ 09 3,019.2000 05/ 10 3,192.3100 25/ 09 3,019.2000 05/ 10 3,130.1100 24/ 09 3,019.2000 05/ 10 3,122.5700 22/ 09 3,019.2000 05/ 10 3,195.7200 21/ 09 3,172.5000 21/ 09 3,243.4800 20/ 09 3,172.5000 21/ 09 3,155.0800 19/ 09 3,172.5000 21/ 09 3,136.0400 18/ 09 3,172.5000 21/ 09 2,946.4300 17/ 09 3,172.5000 21/ 09 3,255.7000 15/ 09 3,172.5000 21/ 09 3,481.2400 14/ 09 3,172.5000 21/ 09 3,221.2400 13/ 09 3,172.5000 21/ 09 3,187.3400 12/ 09 3,172.5000 21/ 09 3,342.4800 11/ 09 3,172.5000 21/ 09 3,146.0900 10/ 09 3,172.5000 21/ 09 3,188.1700 08/ 09 3,172.5000 21/ 09 3,171.0000 07/ 09 3,156.9000 07/ 09 2,947.0500 06/ 09 3,156.9000 07/ 09 2,961.4300 05/ 09 3,156.9000 07/ 09 3,096.5500 04/ 09 3,156.9000 07/ 09 3,132.0200 03/ 09 3,156.9000 07/ 09 3,393.6800 01/ 09 3,156.9000 07/ 09 3,301.2000 31/ 09 3,156.9000 07/ 09 3,175.7400 30/ 08 3,156.9000 07/ 09 3,262.0100 29/ 08 3,156.9000 07/ 09 3,249.5700 28/ 08 3,156.9000 07/ 09 3,244.1700 27/ 08 3,156.9000 07/ 09 3,219.7500 25/ 08 3,156.9000 07/ 09 2,939.2100 23/ 08 3,100.7800 24/ 08 2,974.5500 22/ 08 3,142.2000 24/ 08 3,006.9800 21/ 08 3,142.2000 24/ 08 3,300.0800 20/ 08 3,142.2000 24/ 08 3,301.5000 18/ 08 3,142.2000 24/ 08 3,276.4300 17/ 08 3,142.2000 24/ 08 3,192.0700 16/ 08 3,142.2000 24/ 08 3,247.4100 15/ 08 3,142.2000 24/ 08 3,247.4100 14/ 08 3,142.2000 24/ 08 3,083.8900 13/ 08 3,142.2000 24/ 08 3,242.6900 11/ 08 3,142.2000 24/ 08 3,237.6600 10/ 08 3,134.6000 10/ 08 3,161.4600 09/ 08 3,134.6000 10/ 08 2,988.4400 08/ 08 3,134.6000 10/ 08 2,892.0600 07/ 08 3,134.6000 10/ 08 3,039.5500 06/ 08 3,134.6000 10/ 08 3,174.7600 04/ 08 3,134.6000 10/ 08 3,177.8400 03/ 08 3,134.6000 10/ 08 3,176.5700 02/ 08 3,134.6000 10/ 08 3,315.0000 01/ 08 3,134.6000 10/ 08 Source- RBI website:.

  • TABLE-Bangladesh key economic indicators - Oct 4 Wednesday, 3 Oct 2012 | 11:30 PM ET

    DAILY INDICATORS Wednesday Previous Taka/US$ 81.48-81.54 81.50-81.59. Call money rate 08.50-08.50 06.00-09.50.

  • Shares in GMA Network Inc fell sharply to hit six-month lows after the media company's talks with the PLDT Group, which sought to buy a controlling stake in it, broke down. The Philippines' main share index was up 1.2 percent while Philippine Long Distance Telephone Co gained nearly 1 percent.

  • MARKET EYE-SGX Nifty gains on hopes of further reforms Wednesday, 3 Oct 2012 | 11:15 PM ET

    *Nifty futures on Singapore Exchange. *India's cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a minister told reporters on Wednesday.

  • Oct 3- American Airlines and its pilots union resumed contract talks Wednesday, but other problems continued to beset the bankrupt carrier. "I will never ride on American Airlines ever again," said Tony Palm, who was stranded when a connecting flight on American from Chicago to New York's LaGuardia airport was canceled last month.

  • Indian FX/debt factors to watch - Oct 4 Wednesday, 3 Oct 2012 | 11:10 PM ET

    *India's cabinet is set approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors, a minister said on Wednesday. *India's central bank governor Duvvuri Subbarao and other officials part of the board meeting in the Union Territory of Puducherry at 0730 GMT.

  • *Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures steadied above $108 a barrel on Thursday after a sharp drop in the previous session, with investors waiting for a European Central Bank policy meeting and critical jobs data out of the United States this week for more trading cues.

  • UPDATE 1-Singapore to allow dual-class shares Wednesday, 3 Oct 2012 | 11:03 PM ET

    SINGAPORE, Oct 4- Singapore will allow companies to issue different classes of shares, its Finance Ministry said, a move that may in time help its stock exchange win new listings.

  • ----------PREVIOUS ITEMS Bharti, Wal-Mart in talks for 50:50 retail JV- Hindustan Times---------- Caesars Entertainment plans to open hotels in India- Economic Times----------.