The U.K.'s mid-cap companies are making the most of the country's buoyant growth, outperforming the FTSE 100 on revenues and profits.» Read More
NEW DELHI, May 25- Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi's government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit.
*Wall Street off as retail earnings disappoint. Retailers such as TJX Companies, which posted lower-than-expected quarterly revenue, were among the biggest drags on U.S. stocks, along with Caterpillar, which said retail statistics for the three months to April were down 13 percent.
*Wall Street off as retail earnings disappoint. "There's a little bit of risk-off sentiment given the declines in stocks," said Kim Rupert, managing director for fixed income at Action Economics in San Francisco.
Some of Tuesday's midday movers:
LONDON/ NEW DELHI, May 20- Vodafone boss Vittorio Colao has challenged India's new government to back up its pro-business credentials by resolving the telecoms group's long-running tax dispute in the country.
European shares closed slightly down on Tuesday, as investors continue to consider stock valuations and the possibility of policy action from the ECB.
*Wall Street lower as retail earnings disappoint. NEW YORK, May 20- Global stock indices were lower on Tuesday after weaker-than-expected earnings, while the dollar fell for a fifth straight session against the yen.
*Credit Suisse up after tax settlement. LONDON, May 20- European shares inched lower on Tuesday, held back by Vodafone after the world's second-largest mobile network operator reported 6.6 billion pounds in impairment costs.
Shares in U.K. mobile operator Vodafone fell 3 percent shortly after market open after the group reported a 1.9 percent fall in full-year revenue.
*Staples, Home Depot fall after earnings. *Aeroflex jumps, to be acquired by Cobham for $1.46 bln. *Home Depot lost 1.6 percent to $75.25 in premarket trade after the home improvement retailer reported lower-than-expected quarterly sales as its spring selling season got off to a slow start.
*Credit Suisse up after tax settlement. LONDON, May 20- European shares traded flat on Tuesday, held back by Vodafone, after the world's second-largest mobile network operator reported huge impairment costs.
*Vodafone, Apple, BHP Billiton screen as reliable payers. LONDON, May 20- Global investors are hunting for reliable dividend payouts as they grapple with jittery equity markets and meager bond yields, marking the revival of an investment style that has been shunned for the past two years.
LONDON, May 20- Britain's Vodafone said next year's earnings would be hit by vital investment in its network, as it reported a 6.6 billion-pound dent to its 2014 results from writing down the value of European operations struggling in a tough market.
Credit Suisse up after tax settlement. LONDON, May 20- The pan-European FTSEurofirst 300 index slipped on Tuesday as Vodafone, the world's second-largest mobile network operator, sank after reporting huge impairment costs.
*Investors warily eye Thailand martial law declaration. LONDON, May 20- European shares and southern European bonds made tentative progress on Tuesday, as expectations the European Central Bank will provide fresh support in coming weeks helped counter uncertainty over European Union elections.
LONDON, May 20- European shares steadied on Tuesday following losses in the previous three sessions, with telecom company Vodafone falling after saying its core earnings would fall in 2015 due to the investment needed in the business. National benchmark indices in U.K., France and Germany were trading flat to 0.1 percent higher.
LONDON, May 20- Britain's Vodafone said core earnings would fall in 2015 due to the investment needed in the business as it recorded impairments of 6.6 billion pounds due to fierce competition and regulatory changes in Europe.
Simon Weeden, head of European telecoms research at Citi, says Vodafone is hoping that improving its 4G network will help the company consolidate in the U.S. market.
LONDON, May 20- Britain's Vodafone said its core earnings would fall in 2015 due to the investment needed in the business as it reported 2014 results in line with forecasts, helped by an improvement in underlying trading in the fourth quarter.
LONDON, May 19- Asia- focused bank Standard Chartered has picked an executive from outside banking to be its new finance director, saying former Vodafone finance chief Andy Halford will take up the role in July. Halford could earn up to $6.3 million a year at Standard Chartered, plus other benefits.