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  • China woes to weigh on Asian currencies: Citi Wednesday, 26 Aug 2015 | 12:50 AM ET
    China woes to weigh on Asian currencies: Citi

    Todd Elmer, currency strategist at Citi, expects Asian currencies to remain on the back foot amid a high degree of nervousness over China that is unlikely to disappear anytime soon.

  • Mahindra Group: FX volatility doesn't affect us Wednesday, 26 Aug 2015 | 12:45 AM ET
    Mahindra Group: FX volatility doesn't affect us

    V.S. Parthasarathy, CFO of the Mahindra Group, explains why the Indian multinational conglomerate is well-positioned to weather the fluctuations in the currency market.

  • Toll's home orders up as housing gathers steam Tuesday, 25 Aug 2015 | 6:27 AM ET
    A construction worker climbs on the roof of a home in Boca Raton, Florida.

    Toll Brothers said orders have risen 16 percent so far in the quarter started August, indicating that the housing recovery is gathering steam.

  • Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, said orders have risen 16 percent so far in the quarter started August, outpacing the 12 percent rise in the third quarter, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, forecast an average selling price of $745,000 to...

  • Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, reported a 12 percent jump in third-quarter orders, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, said orders rose to 1,479 homes in the quarter ended July 31 from 1,324 homes a year earlier. U.S. homebuilders, including Toll...

  • Toll Brothers quarterly home orders rise 12 pct Tuesday, 25 Aug 2015 | 5:16 AM ET

    Aug 25- Toll Brothers Inc, the largest U.S. luxury home builder, reported a 12 percent jump in third-quarter orders, indicating that the housing recovery is gathering steam. Toll Brothers, which builds homes that can cost upward of $2 million, said orders rose to 1,479 homes in the quarter ended July 31 from 1,324 homes a year earlier. The company's net income fell to...

  • Godrej: Weaker ringgit, rupiah are helping us Tuesday, 25 Aug 2015 | 12:35 AM ET
    Godrej: Weaker ringgit, rupiah are helping us

    Adi Godrej, chairman of Godrej Group, says the benefits of a cheaper import bill for palm oil due to recent sharp falls in the ringgit and rupiah offset the negative currency impact on its consumer product business in Indonesia.

  • NEW DELHI, Aug 21- Indian carmaker Tata Motors Ltd said on Friday' many' of the 5,800 Jaguar and Land Rover vehicles it had at Tianjin port in China were likely to have been damaged in the recent chemical explosion that killed more than a hundred people. The company said it has yet to determine the exact extent of the damage, joining other global carmakers such as...

  • Why India's Tata invested $100M in Uber Friday, 21 Aug 2015 | 12:20 AM ET
    Why India's Tata invested $100M in Uber

    Padmanabh Sinha, managing partner at Tata Opportunities Fund, says factors such as a sustainable model renders the investment in Uber a compelling partnership.

  • As part of the three-day visit, senior U.S. and Indian naval officers visited the shipyard in Newport News, Virginia, where Huntington Ingalls Industries Inc is building the USS Gerald R. Ford, the first in a new class of aircraft carriers, according to Navy spokeswoman Colleen O'Rourke and Huntington Ingalls spokeswoman Beci Brenton. The group also met with...

  • India gains as stock investors flee China pain Thursday, 20 Aug 2015 | 5:00 PM ET

    *Since the June rout in China, the Sensex has recovered. SINGAPORE, Aug 21- China's recent stock market pain is proving to be India's gain, with share prices in the south Asian nation reviving as investors who cut their holdings earlier this year switch out of Chinese equity markets and back into India's. "The euphoria of the China A-shares markets on the back of the...

  • Flamboyant Trump evolved into cautious businessman Thursday, 20 Aug 2015 | 11:42 AM ET

    NEW YORK— Donald Trump sells himself as a bold empire builder, the kind of businessman who could force through big changes in Washington as president. But that's not his money, "says Don Peebles, a real estate developer who oversees a $5 billion real estate portfolio. In the past decade, Trump has struck deals to put his name on at least a dozen properties built and...

  • Indian government steps up rate cut pressure on RBI Thursday, 20 Aug 2015 | 5:18 AM ET

    NEW DELHI/ MUMBAI, Aug 20- Indian Finance Minister Arun Jaitley is stepping up pressure on the central bank to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points. After another weak quarter of corporate earnings and July inflation that undershot the...

  • MUMBAI, Aug 19- Taxi-hailing service Uber Technologies Inc said it plans to average more than 1 million rides a day in India over the next six to nine months, as it steps up investment in its business to take on local rival Ola. The company currently averages about 200,000 trips a day in India, according to industry sources. Uber has said it will invest $1 billion in...

  • JAISALMER, India, Aug 19- Two-and-a-half years after the completion of a new $17 million terminal building, the airport in Jaisalmer, a small and remote desert city in India's western Rajasthan state, stands empty. India has spent more than $50 million since 2009 on eight airports that do not receive scheduled flights- white elephants that are a reminder of the...

  • More yuan slides to come? This expert says yes Tuesday, 18 Aug 2015 | 11:54 PM ET
    More yuan slides to come? This expert says yes

    Subir Gokarn, director of research at Brookings India, says other countries competing with China in terms of exports will have to work with the assumption that there will be further depreciation in the yuan.

  • JAISALMER, India, Aug 19- Two-and-a-half years after the completion of a new $17 million terminal building, the airport in Jaisalmer, a small and remote desert city in India's western Rajasthan state, stands empty. India has spent more than $50 million since 2009 on eight airports that do not receive scheduled flights- white elephants that are a reminder of the...

  • Separately, FIH Mobile, a unit of Taiwan's Foxconn, the trading name of Hon Hai Precision Industry Co, said it was acquiring a 4.27 percent stake in Snapdeal for $200 million via its Singapore- based subsidiary Wonderful Stars Pte.. Sources told Reuters this month that Snapdeal was set to raise $500 million from China's Alibaba Group Holding, Japan's SoftBank...

  • *Would be blow to key exporters Malaysia, Indonesia. NEW DELHI, Aug 18- India plans to spend $1.5 billion in the next three years to help farmers grow oil palm trees in an area the size of New Jersey, government sources said, with Prime Minister Narendra Modi pushing to make the nation self-sufficient in edible oils this decade. A successful Indian push into palm...

  • Aug 17- Canadian pipeline operator Enbridge Inc is rationing space for mid-month on its line 4/ 67 ex Kerrobert for August, according to a notice to shippers on Monday that was seen by Reuters. Enbridge restarted two key Canadian crude lines last week after they were shut following a crude oil release in Missouri on Aug 11. The discount on Western Canada Select...