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  • NEW DELHI, Feb 6- India's Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses. Jet, India's second largest carrier by market share, said net profit in the October-December period rose to 4.67 billion...

  • Feb 5- LinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he...

  • NEW YORK, Feb 5- Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi...

  • NEW YORK, Feb 5- Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi...

  • Feb 5- LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities, RBC Capital Markets and Suntrust Robinson also...

  • OTTAWA, Feb 5- Canada said it was lifting some sanctions against Iran, including a ban on financial services, imports and exports, thereby allowing companies such as plane maker Bombardier Inc to compete against rivals. Dion said last week that if Airbus can to sell to Iran, then Bombardier should be allowed to export there as well. "Canada continues to have serious...

  • NEW YORK, Feb 5- Oil prices were little changed in choppy trading on Friday, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi counterpart Ali al-Naimi in...

  • Chicago, Feb 5- U.S. wheat futures slumped for a second session on Friday, anchored by ample global supplies and after top importer Egypt canceled a tender for the second time this week. Corn and soybeans were also lower at the Chicago Board of Trade, with all three markets on pace for a weekly decline ahead of a U.S. Department of Agriculture supply and demand...

  • Feb 5- LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities, RBC Capital Markets and Suntrust Robinson also...

  • LONDON, Feb 5- Oil is on track to end the week lower after two consecutive weeks of gains in a volatile Friday session, as bearish fundamentals pressure prices despite bullish indications earlier in the week. International benchmark Brent crude futures were 53 cents lower at $33.93 per barrel at 1454 GMT, and down from an intraday high of $35.14.

  • Feb 5- LinkedIn Corp's shares plunged about 35 percent on Friday, wiping out nearly $9 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities and RBC Capital Markets also downgraded the stock.

  • *Iran billing new oil contracts in euros- NIOC source. NEW DELHI, Feb 5- Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief. A source at state-owned National Iranian Oil Co told...

  • LinkedIn's shares were set to open more than 30 percent lower at around $128, representing a loss of more than $8 billion in market value. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities and RBC Capital Markets also downgraded the stock.

  • AMSTERDAM— NATO's chief met Friday with European Union defense ministers to discuss boosting cooperation between the military alliance and the 28- nation bloc to tackle looming threats to the region. The EU and NATO are working to beef up their responses to threats such as Russia's increased military activity to the east and the Islamic State group's threat...

  • SINGAPORE/ BEIJING, Feb 5- Newly licensed Chinese oil importers are taking advantage of low crude prices and healthy domestic product margins, snapping up hundreds of thousands of barrels a day of a global surplus but also adding to China's swelling fuel exports. Armed with quotas that could make up a fifth of total Chinese crude imports this year, the...

  • "The richest oil exporters in the region, Saudi Arabia, Qatar, Kuwait and United Arab Emirates, have large reserves that will enable them to run deficits over the coming years, although not far beyond that," the World Bank said in the report. The report was issued as the World Bank is in talks on financing with some oil producers in other regions, including Azerbaijan,...

  • SEOUL, Feb 5- Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favour of cheaper homegrown brands, as young, independent travellers make up a bigger share of tourists. South Korea trails only Thailand as an overseas destination for Chinese travellers, whose heavy retail spending has helped make South...

  • Feb 4- LinkedIn Corp forecast first-quarter profit and revenue below analysts' estimates as it faces headwinds in its online ads and recruitment services businesses in markets outside North America, sending its shares down 27 percent in extended trading. "While initial demand was solid, the product required more resources than anticipated to scale," Chief...

  • CALGARY, Alberta, Feb 4- Canada will not rush to lift sanctions against Iran, despite calls to scrap the measures quickly so Canadian companies can compete for contracts, Prime Minister Justin Trudeau said on Thursday. The United States, the European Union and other major nations have already lifted some of their punitive measures following a deal struck last...

  • Feb 4- LinkedIn Corp forecast current-quarter profit and revenue below analysts' estimates, citing weakness in its recruitment services business in markets outside North America. LinkedIn forecast an adjusted profit of about 55 cents per share for the first quarter, way below the average analyst estimate of 74 cents, according to Thomson Reuters I/B/E/S.