Apple’s plan for refurbished iPhones in India hit a roadblock, reported Bloomberg. » Read More
Oct 1- The Washington Post Co said it would acquire a majority stake in privately held Celtic Healthcare Inc, marking the education and media company's entry into the healthcare sector.
*Qua Iboe valued at dated plus $2.30- $2.60. GENEVA, Oct 1- Nigeria's largest crude stream, Qua Iboe, showed signs of stalling on Monday after a flurry of deals last week that boosted differentials to six-month highs.
The online M&A publication said CenturyLink Inc could be a possible suitor and that Evercore Partners was advising TW Telecom. TW Telecom and Evercore declined comment. DealReporter, which did not mention a deal value, said TW Telecom and CenturyLink have had discussions for several weeks and could be near a deal.
SINGAPORE, Oct 1- India's Reliance Industries has sold 50,000-55,000 tonnes of October naphtha at premiums slightly above $35 a tonne to Middle East quotes on a free-on-board basis, reflecting a firm market, traders said on Monday.
Oct 1- Medical device maker Stryker Corp on Monday named Kevin Lobo, head of its orthopedics unit, as president and chief executive following an eight-month search.
Oct 1- Accenture Plc said it bought certain internet protocol television assets from Nokia Siemens Networks to bolster its online video capabilities. Accenture said the newly acquired IPTV software, assets and capabilities will be part of its video solutions business that helps companies launch video services at a low cost.
MUMBAI, Oct 1- J.P. Morgan upgraded Steel Authority of India Ltd to' overweight' from' neutral', citing near-term improvement in the Asian steel outlook and a decline in coking coal prices, among other factors.
*India, Middle East, Africa to lead high-tech product demand. have more disposable income and a heavy appetite for technology products like cell phones, tablets and laptops, " Ken Rankin, high-tech marketing director at UPS in Atlanta, said in a Friday interview with Reuters.
Government bailouts of big banks are here to stay and are bad for economies because they channel capital to uncompetitive industries and sustain high levels of debt, according to economist Garett Jones.
Asian economies have stumbled in recent months. High inventories, the lagged effects of tightening in China, and lackluster growth in the West have all taken their toll. Inflation, as a result, has slowed.
Despite the political firestorm, the Indian government seems committed to pushing through a series of bold reforms aimed at boosting foreign inflows, but do the changes go far enough to convince investors to take the plunge?
Indian opposition parties and shopkeepers launched a day of protests and strikes on Thursday against a rush of economic reforms by the Congress-led coalition government, which include cuts in diesel fuel subsidies and the liberalization of the retail trade. The FT reports.
The Indian rupee has been among the major beneficiaries of the government’s latest economic reform efforts – gaining over 2 percent against the dollar over the past week – and analysts say this may trigger a greater rebound in the beleaguered currency, which could rise as much as 8 percent by the year-end.
The so-called big bang reforms unveiled by the Indian government to contain its budget deficit, boost growth and ward off a credit downgrade have, however, failed to impress ratings agencies, with both Moody’s and Standard & Poor’s wary about the implementation of these new measures.
Indian stocks are getting a boost after the government stunned markets last week with a slew of aggressive steps to revive the economy. But India watchers warn that the rally could be short-lived, unless Prime Minister Manmohan Singh shows resolve and follow through with the unpopular measures.
Discussing the Fed induced market surge, the violence in the Middle East, Wal-Mart's plans to open stores in India, and how popular the iPhone 5 will be in emerging markets, with David Riedel of Riedel Research Group; Ron Shah, Jina Ventures; and Richard Ross, Auerbach Grayson.
Click to see some of the fallout from this clash between the West’s cherished freedom of expression and the Muslim world’s insistence on respect for its traditions.
QE3 dings the dollar and the euro gets a lift — it's time for your FX Fix.
An unexpected spike in India’s inflation rate for August has dashed hopes of a rate cut when the central bank meets on Monday, even as the government finally gave into calls to rein in its fiscal deficit by hiking fuel prices.
After promising for months now a plan to turnaround India’s troubled economy, Prime Minister Manmohan Singh finally delivered on Thursday what’s widely viewed as the boldest measure yet—in the form of a controversial fuel price hike.