NEW DELHI, Oct 25- India has opted to buy Israel's Spike anti-tank guided missile, a defense ministry source said on Saturday, rejecting a rival U.S. offer of Javelin missiles that Washington had lobbied hard to win. India will buy at least 8,000 Spike missiles and more than 300 launchers in a deal worth 32 billion rupees, the source said after a meeting of India's...» Read More
June 9- Chipmaker Analog Devices Inc said it would buy Hittite Microwave Corp in a deal valued at $2 billion. Analog will pay $78 per share in cash, which represents a premium of 28.8 percent to Hittite Microwave's Friday close of $60.56 per share. The deal value includes debt.
TOKYO, June 9- An economic plan being prepared by Japan's government commits it to "corporate tax reform," but resistance from fiscal hawks prevented an outline released on Monday from specifying a cut in the tax rate.
RUSSIA WILL NOT PRIVATIZE TELECOMS COMPANY ROSTELECOM, SHIPPING COMPANY SOVKOMFLOT, NOVOROSSIISK SEA PORT THIS YEAR- RIA CITES DEPUTY FINANCE MINISTER NESTERENKO.
LONDON, June 9- Only a fraction of the natural gas export projects being developed around the globe will become reality as high costs and weakening gas prices torpedo those that until recently promised huge returns on investment.
*S&P ratings lift for Ireland adds to buoyant mood. LONDON, June 9- Irish bond yields dipped to a record low on Monday after Standard& Poor's upgraded the country's credit ratings, adding to the buoyant mood in peripheral euro zone debt triggered by fresh European Central Bank stimulus.
*Iron ore deliveries at Qingdao Port unaffected by probe. QINGDAO/ HONG KONG, China, June 9- China's Qingdao Port has sealed its Dagang bonded metal storage area and suspended delivery of metals from the section, as authorities investigate an alleged fraud into financing of copper, aluminium and alumina, two sources with direct knowledge of the matter said.
As governments crack down on tax-driven profit-shifting, the IRS is asserting that a loan used by Illinois Tool to bring foreign cash from a Bermuda- based subsidiary into the United States was not a tax-free transaction. Instead, the IRS argues that the transaction was a repatriation of foreign profits equivalent to a taxable dividend-style distribution.
NEW YORK, June 8- With Thomas Piketty's book, "Capital in the 21st Century", rising to number one on best-seller lists, inequality has become central to the public debate over economic policy. Piketty, and much of this discussion, focuses on the sharp increases in the share of income and wealth going to the top 1.0 percent, 0.1 percent and 0.01 percent of the population.
MILAN, June 9- Bailed-out Italian bank Monte dei Paschi di Siena launched a 5 billion euro share sale on Monday, seeking to repay state aid and bolster its finances in preparation for a pan-European review of banks.
*Shanghai bonded copper premiums drop another $5 to $90- $110- Shmet. LONDON, June 9- Copper hit a one month low on Monday on concerns that a probe into metals storage fraud at a China port could cut investor buying interest, and on news that top consumer China cut copper imports sharply in May.
MUMBAI, June 9- India is considering a proposal to raise the price of urea, the fertilizer most used by its farmers, by at least 10 percent in order to contain huge subsidy costs that are straining the budget, government and industry officials told Reuters.
*FTSEurofirst 300 up 0.2 pct, Euro STOXX 50 up 0.1 pct. *Gecina drops as Metrovacesa sells stake.
EDINBURGH, June 9- Retired military general Norman Arthur represented Queen Elizabeth in his Scottish neighbourhood and is passionate that the country should remain part of the United Kingdom.
LONDON, June 9- Emerging local currency bond yields fell to multi-month lows on Monday after the euro zone's extraordinary monetary easing pushed cash into high-yield assets and boosted expectations of rate cuts in the developing world. "We've seen a three-pronged attack on short emerging market positions," UBS strategist Manik Narain said.
QINGDAO, China, June 9- China's Qingdao Port has sealed its Dagang bonded metal storage area and suspended delivery of metals from the section, as authorities investigate an alleged fraud into financing of copper, aluminium and alumina, two sources with direct knowledge of the matter said.
SOFIA, June 9- Bulgaria has not given up on plans to build the South Stream pipeline delivering Russian natural gas to Europe and sees the Gazprom- led project as irreversible, Energy Minister Dragomir Stoynev said on Monday. Bulgaria said on Sunday it had halted work on the pipeline after the European Union and United States expressed concerns about the project.
CAIRO, June 9- Egyptian Prime Minister Ibrahim Mehleb is about to present his government's resignation to new President Abdel Fattah al-Sisi, the state news agency reported on Monday.
BEIJING, June 9- Quarantine authorities in China have stopped issuing permits for the import of distillers dried grains from top exporter the United States due to the presence in some shipments of an unapproved genetically-modified organism, traders said.
LONDON, June 9- British hedge fund manager Man Group said on Monday it is buying credit-focused privately held fund of hedge fund firm Pine Grove Asset Management, stepping up a push into the United States.
CAIRO, June 9- Egyptian Prime Minister Ibrahim Mehleb is about to present his government's resignation to the country's new president Abdel Fattah al-Sisi, the state news agency reported on Monday.