Markets News

By snapping up insolvent German fashion house Escada, Megha Mittal, daughter-in-law of steel magnate Lakshmi Mittal, launched the type of corporate coup more associated with her famous namesake.

The global economic recovery is uneven and the timing of any exit strategies should err toward supporting demand, according to an International Monetary Fund paper prepared for the G20 and seen by Reuters.

Losses at part-nationalised Royal Bank of Scotland more than halved in the third quarter with a sharp reduction in bad debt writeoffs, despite a slump in profits at its beleaguered investment bank.

Worse-than-expected U.S. jobs data knocked European shares into negative territory and set Wall Street up for losses at the open on Friday.

State-run Coal India, the country's biggest coal miner, has been advised by the government to appoint an independent financial adviser for a potential initial public offering, its chairman said on Friday.

American International Group Inc, the insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its investments.

MUMBAI (Reuters) The rupee rose to its strongest in nearly two weeks on Friday as gains in the stock market strengthened expectations of capital inflows and the dollar's losses overseas lifted sentiment.

Oil slipped below $80 a barrel on Friday, in line with timid gains across financial markets as dealers awaited monthly U.S. jobless data, expected to show a slow-down in rising unemployment in the world's biggest economy.

India's move to report wholesale price index (WPI) inflation data on a monthly instead of a weekly basis will remove a source of market volatility, the country's chief statistician said in an interview on Friday.

Bank loans rose 9.7 percent on year as of Oct. 23, the Reserve Bank of India's weekly statistical supplement showed on Friday.

India's foreign exchange reserves fell to $284.391 billion as on Oct. 30, from $285.520 billion a week earlier, the central bank said in its weekly statistical supplement on Friday.

The BSE Sensex climbed 0.6 percent on Friday and helped post its first weekly rise in three, with banks leading the rebound as investors picked bargains after last month's fall.

Global stocks and commodities gained on Friday, buoyed by firm U.S. data the previous session, lifting risk appetite ahead of hotly anticipated jobs data which will give more evidence on the state of the global economy.

In Asia lately, it pays to be a seller -- even if you're a company under pressure to offload an asset or two.

In Asia lately, it pays to be a seller -- even if you're a company under pressure to offload an asset or two.

NEW DELHI (Reuters) The governments move to report wholesale price index (WPI) inflation data on a monthly instead of a weekly basis will remove a source of market volatility, the country's chief statistician said in an interview on Friday.

The rupee held at its highest in more than a week in afternoon trade on Friday, boosted by the rise in domestic shares and tracking the dollar's losses versus major units.

Tata Power Company said on Friday it had started selling at least $250 million of foreign currency convertible bonds.

In Asia lately, it pays to be a seller -- even if you're a company under pressure to offload an asset or two.

Japan's government dismissed the central bank's view that there was little chance of the economy slipping back into recession, saying instead that Tokyo will need to stimulate the economy next year to prevent such a dip.