Indian PM Modi's new government unveiled a budget it said can revive growth after the longest slowdown in 25 years even while curbing borrowing.» Read More
NEW YORK— Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless. That's because Verizon issued shares in February to pay Vodafone Group PLC shareholders for their share of Verizon Wireless.
Controlling around 70 percent of Mexico's mobile market and more than 60 percent of landlines, Slim's America Movil has been blamed for overcharging consumers for patchy service since he bought a former state-run phone monopoly in the early 1990 s.
NEW DELHI, July 10- India's new government on Thursday unveiled a first budget that seeks to revive growth and curb borrowing, but left open questions on how it will reduce the fiscal deficit and restore investor confidence.
*Increase in foreign direct investment cap in the insurance sector to 49 percent from 26 percent now will benefit companies such as ICICI Bank Ltd, Max India Ltd, Housing Development Finance Corporation Ltd that have insurance ventures with foreign partners.
NEW DELHI, July 10- Indian Prime Minister Narendra Modi's new government on Thursday unveiled a first budget of structural reforms aimed at reviving growth, winning praise from investors despite a lack of clarity over how he would cap the big fiscal deficit.
NEW DELHI, July 10- Indian Prime Minister Narendra Modi's new government on Thursday unveiled a budget it said can revive growth after the longest slowdown in a quarter of a century even while curbing borrowing.
MEXICO CITY, July 9- Mexican tycoon Carlos Slim's plan to divest a chunk of his most valuable asset, phone company America Movil, could open Mexico's telecoms market as never before to rivals.
*Announces investments in Britain by Indian companies. MUMBAI, July 7- Britain's finance minister George Osborne praised India's new prime minister Narendra Modi on Monday for helping create a quick turnaround in investor sentiment, during a two-day trip aimed at opening up opportunities in defense and infrastructure.
*Commission has chastised Luxembourg in past. LUXEMBOURG/ BRUSSELS, July 4- The European Commission is widening its probe into how multinationals use countries such as Luxembourg to cut their tax bill, an official with knowledge of the matter said on Friday.
*Luxembourg says tax rulings in line with international rules. LUXEMBOURG/ BRUSSELS, July 4- The European Commission is widening its probe into how multinationals use countries such as Luxembourg to cut their tax bill, an official with knowledge of the matter said on Friday.
NAIROBI, July 3- African countries' rapid growth over the past decade may have been the envy of many developed economies, but their number crunchers have struggled to keep up.
BRUSSELS/ FRANKFURT, July 2- European regulators have cleared Telefonica's bid to consolidate the German mobile market by buying smaller rival KPN's E-Plus for 8.6 billion euros, raising prospects of more deals to come across Europe's telecoms markets.
*Telefonica must sell spectrum, rent out network capacity. BRUSSELS, July 2- Spain's Telefonica won EU antitrust clearance for its 8.6- billion-euro takeover of KPN's German mobile arm E-Plus, giving it a stronger position in Europe's largest phone market.
BRUSSELS, July 2- Spain's Telefonica won EU antitrust clearance for its 8.6- billion-euro takeover of KPN's German mobile arm, giving it a stronger position in Europe's largest phone market and marking a milestone in telecoms consolidation.
LONDON, June 19- Rolls-Royce shares jumped 7 percent on Thursday after the British aero-engine maker decided to buy back shares worth 1 billion pounds instead of making any major acquisitions. Rolls-Royce shares climbed to 1,076 pence, their highest in over two months, leading Britain's benchmark FTSE 100 index.
June 17- India's finance ministry has prioritised resolution of tax disputes involving telecoms companies, telecoms minister Ravi Shankar Prasad said on Tuesday.
LONDON, June 16- Vodafone is buying an Italian car electronics maker for 145 million euros, seeking to get ahead in the race to connect more products to the internet and offset slowing growth in its core mobile phone business.
*Deutsche Lufthansa profit warning sees selling of airlines. EDINBURGH, June 11- European stocks turned negative on Wednesday after a profit warning from German airline Deutsche Lufthansa rocked the travel and leisure sector.
EDINBURGH, June 11- European stocks opened steady on Wednesday, consolidating after a three-week rally led several indexes back to multi-year highs, leaving indexes at risk of a pullback in the short term.
BRUSSELS, June 6- Companies based outside the European Union must meet Europe's data protection rules, ministers agreed on Friday, although governments remain divided over how to enforce them on companies operating across the bloc.