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Growth in Asia's developing economies should ease to 7.6% in 2007 from last year's 11-year peak as expansion in industrialized nations slows, the Asian Development Bank (ADB) said on Tuesday.
"A Fund Affair" is a brand new column that focuses on mutual funds available in Asia. Each week, we will highlight one fund we think is interesting -- whether because it's invested in a hot market, has a niche appeal or simply has been in the news of late.Our inaugural column features the Aberdeen Asset Management's India Opportunities Fund. Why this fund? A hot topic of debate of late has been the outsourcing of business processes to India. India's benefited from these many contracts. So we decided to explore what India and its economy has to offer the investor and how well Indian companies have performed of late.
Ranbaxy Laboratories is no longer in the running to buy the generic drug business of Germany's Merck, India's CNBC TV18 reported Tuesday. Ranbaxy withdrew from the second round of bidding for the business, the television station said.
India's Reliance Industries is considering buying stakes in British supermarket group J. Sainsbury or French retailer Carrefour, the Financial Times newspaper said on Saturday.
Reliance Industries is considering buying a 13% stake in France's Carrefour, the world's second-largest retailer by sales, in a move that would catapult India's largest private-sector group into the ranks of the world's top retailers, according to a report in the Financial Times.
Shareholders of Hutchison Telecommunications International have approved the $11.1 billion sale of a controlling stake in India's No. 4 cellular operator to Britain's Vodafone Group.
Rob Lutts, founder and Chief Investment Officer of Cabot Money Management, told CNBC’s “Squawk on the Street” that there are solid investment opportunities in China, India, Brazil and Russia. “The middle class [in these countries] is just evolving,” Lutts said. “Hundreds of millions of people over the next ten years are going to go from earning $500 a year to $5,000...
John Carey, a portfolio manager at Pioneer Investments, says large cap stocks now offer solid value through international operations and dividends. He says the rally in small- and mid-cap stocks has run its course.
Arcelor and Mittal Steel, combining to become the world's largest steelmaker, said Friday they signed agreements worth $2.2 billion with the government of Senegal to mine iron ore in the West African nation.
India's Bharti Enterprises plans to invest up to $2.5 billion in setting up a nationwide chain of supermarkets and retail shops in partnership with U.S. chain Wal-Mart, a top executive at the Indian company said Monday.
Retailer Office Depot reported earnings slightly ahead of analysts' expectations Wednesday, but sales were shy of the consensus estimate.
India's Tata Steel is likely to buy back existing Corus debt in the financing of its acquisition of the Anglo-Dutch steelmaker, the Financial Times said on Monday, citing people familiar with the matter.
"If the market's going up, why am I so worried?" That sounds like a question from a self-help group. It encapsulates a lot of the viewer feedback we are receiving on "Squaw Box" at the moment.
Swedish mobile telecom equipment maker Ericsson reported a rise in fourth-quarter profit Friday, but the company's view of 2007 results was a little softer than anticipated.
When a company talks about laying out $11 billion in cash you have to take note. In this case it’s Tata Steel's decision to buy the Anglo-Dutch steelmaker Corus after beating out rival Brazilian bidder CSN.
Private equity is once again looking to make a deal in India. Today, it's for a 33% stake in Hutchison Essar. (“Hatch” as it’s called was one of the first cell phone companies in Mumbai.) This deal is just the latest in the money scramble to get in, on one of the world's fastest growing economies. On today’s “Power Lunch” we asked just how hot are the private equity opportunities in India?
Infosys Technologies reported fiscal third-quarter earnings and revenues that topped analysts' expectations, and also bumped up its outlook for the current quarter.
The Indian government has put on hold a proposal from Starbucks to open retail outlets in the country as the company hasn't provided complete information about its plan, a senior government official said.
Vodafone''s chief executive said Wednesday that his company will soon make a firm bid for Hong Kong-based Hutchison Whampoa's controlling stake in a leading Indian mobile phone company.
Vodafone Chief Executive Arun Sarin will go to New Delhi on Wednesday to meet India's prime minister, the Daily Telegraph reported, even as rival bidders waited in line to begin due diligence of Hutchison Essar.