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  • S&P raised its rating for Greece to CCC+ from CCC-, saying the country's liquidity perspective has improved after euro zone finance ministers last week gave their initial consent to a three-year loan programme to keep the country in the euro. "We think opportunities for Greece to default on commercial debt this year are few," S&P said in a report.

  • MANILA/ MUMBAI, July 21- Blame poor rains or a lack of weddings, but Indians, for whom gold is the investment of choice, aren't rushing to buy bullion after this week's sharp sell-off. India and China are the world's top gold buyers and, after massive selling on the Shanghai Gold Exchange on Monday helped drive down gold prices by 4 percent to a 5- year low, traders hoped...

  • MUMBAI, July 21- Indian IT services provider Infosys Ltd on Tuesday said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a 5 percent rise in net profit. Infosys, a bellwether for India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a...

  • Indian parliament faces washout monsoon session Monday, 20 Jul 2015 | 7:11 PM ET
    Parliament in New Delhi

    As India starts its parliamentary session, hopes are at a low ebb that the business-friendly laws central to Modi's lofty reform agenda will gain traction.

  • Modi's reforms make India stand out: Expert Monday, 20 Jul 2015 | 6:48 PM ET
    Modi's reforms make India stand out: Expert

    Michael Kelly, managing director: Global Head of Asset Allocation at Pinebridge Investments, likes Indian markets because of Prime Minister Narendra Modi's emphasis on reforms.

  • WASHINGTON, July 20- Lockheed Martin Corp said Monday it would buy Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, cementing Lockheed's dominance in weapons making. The Pentagon's largest supplier called Sikorsky a "national icon" and said the net cost of the deal was around $7.1 billion, taking into account tax benefits.

  • July 20- France's Faurecia SA is set to explore a sale of its bumpers business, which may be worth about $450 million, Bloomberg reported on Monday, citing sources. The company, majority owned by PSA Peugeot Citroen, has also hired Citigroup Inc to work on a potential dispute, Bloomberg reported on its website. Faurecia, which has been considering a sale for about...

  • WASHINGTON, July 20- Lockheed Martin Corp said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp, for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services businesses. The deal cements Lockheed's dominance in weapons making and opens key new foreign markets for...

  • NEW DELHI, July 20- India's Prime Minister Narendra Modi began work with unions and employers on Monday to build support for the biggest shake-up of labour laws in decades, in an attempt to revive a reform agenda that has suffered setbacks ahead of a key parliamentary session. "Unless there is clarity on reform proposals investors are not keen to pump in new money,"...

  • July 20- Morgan Stanley reported a better-than-expected second-quarter profit on Monday as its business that trades bonds and equities handily outperformed those of its Wall Street rivals. Morgan Stanley, the last big U.S. bank to report for the quarter, said its net income from continuing operations applicable to the company fell to $1.67 billion, or 85 cents...

  • July 20- Morgan Stanley reported an 8.5 percent fall in quarterly profit, hurt by a rise in compensation costs and as the sixth-largest U.S. bank by assets set aside more money to cover taxes. Morgan Stanley, the last big U.S. bank to report second-quarter earnings, said its net income from continuing operations applicable to the company fell to $1.67 billion, or 85...

  • Will Asia disrupt energy financing? Sunday, 19 Jul 2015 | 7:27 PM ET
    A man boats in the Jiaxing, Zhejiang province of China, which built its first solar power station above a 160,000-square-meter fishpond.

    Faced with a yawning energy deficit and a need to protect against climate change, Asia is looking at fresh ways to finance a shift toward renewables.

  • *China's corporate debt 160 pct of GDP, twice U.S. level. HONG KONG, July 19- Beijing may have averted a crisis in its stock markets with heavy-handed intervention, but the world's biggest corporate debt pile- $16.1 trillion and rising- is a much greater threat to its slowing economy and will not be so easily managed. Corporate China's debts, at 160 percent of GDP, are...

  • Iran is opening for business—unless you're from US Friday, 17 Jul 2015 | 12:59 PM ET
    Two veiled women look at smart phone brands in Paytakht computer mall in Tehran, Iran.

    European and Asian business could pour into Iran if sanctions are lifted, but U.S. law would keep most Americans on the sidelines.

  • NEW DELHI, July 17- Iranian President Hassan Rouhani has asked India to invest in infrastructure projects worth $8 billion, including an expanded role in developing a strategic port that will open up access to Central Asia, Iran's envoy to New Delhi said on Friday. Rouhani suggested the larger role for India during a meeting with Prime Minister Narendra Modi on...

  • CASTELFRANCO VENETO, Italy, July 17- Clusters of silkworms munch on piles of locally-grown mulberry leaves in a white marquee in Italy's northern Veneto region. This budding silk industry is minuscule compared to the 130,000 tonnes of silk China manufactured in 2013, according to the International Sericultural Commission. Italy- which is one of the world's...

  • NEW DELHI, July 17- Indian Prime Minister Narendra Modi's top civil servant hauled road builder KMC Constructions into his office last week, along with a state bank and officials, and set an October deadline to finish the Pink City Expressway linking Delhi and Jaipur. But a handful of troubled mega-projects like the Pink City Expressway are proving to be...

  • July 16- The U.S. Federal Communications Commission is set to reject $3.3 billion worth of discounts requested by partners of Dish Network Corp, SNR Wireless and NorthStar Wireless, in the government's $45 billion airwave auction earlier this year, the Wall Street Journal reported, citing sources. The FCC officials reviewed $13.3 billion of winning bids by the...

  • July 16- Goldman Sachs Group Inc has begun staffing up again after years of cutting back, to build up its investment management business and comply with new regulations. The workers it is hiring are mainly in lower-cost places like Salt Lake City and Bangalore, Chief Financial Officer Harvey Schwartz said Thursday on the bank's second quarter earnings call.

  • Goldman Sachs pads bottom line with frugal hiring Thursday, 16 Jul 2015 | 12:58 PM ET

    July 16- Goldman Sachs Group Inc is hiring like crazy to expand its investment management business, but because many of its new workers are based in low-cost cities, its costs are still going down. Its workforce of 34,900 employees at June 30 was up 8 percent over a year and up 1 percent since March 31. The bank shifted parts of its workforce that handle tasks, ranging...