Business News

  • People walk pass the Bombay Stock Exchange (BSE) building displaying India's benchmark share index on its facade, in Mumbai July 31, 2009. REUTERS/Punit Paranjpe/Files
    BSE brokers against extending trading hours - survey Reuters - 08:35 AM

    A majority of stock brokers want the Bombay Stock Exchange to continue with the same market timing and see no volume benefit in extending market hours, a survey by the exchanges' brokers forum showed.

  • Unitech seeks to raise $700 mln bonds - paper Reuters - 08:33 AM

    Unitech Ltd, India's second-largest real estate firm, has sought approval from the government and the central bank to raise $700 million through foreign currency bonds, the Economic Times reported on Wednesday.

  • A sales representative (R) talks to a customer at a jewellery store which sells gold in Hong Kong in this October 7, 2009 file photo. REUTERS/Bobby Yip/Files
    Gold marks fresh record highs on investment demand Reuters - 08:28 AM

    Gold hit fresh record highs on Wednesday, topping the previous highs marked earlier this week, boosted by investment demand stemming from inflation worries.

  • The IMF nameplate is displayed on a wall at the headquarters during the World Bank/International Monetary Fund Spring Meetings in Washington in this April 11, 2008 file photo. REUTERS/Jonathan Ernst/Files
    IMF to expand crisis lending fund to up to $600 bln Reuters - 08:19 AM

    Participants in the International Monetary Fund's crisis credit facility agreed to expand it by up to $100 billion, add new contributing countries and make the facility more flexible, the IMF said on Tuesday.

  • World Bank President Robert Zoellick addresses the media at Vina del Mar July 3, 2009. REUTERS/Ivan Alvarado/Files
    World Bank: Raising rates quickly may cause slump - FT Reuters - 07:34 AM

    Swift interest rate hikes aimed at containing inflation in product and asset prices could cause another downturn in the slowly recovering economies of the United States and Europe, the head of the World Bank said.

  • Sinopec, TPG considered Lyondell bid - Bloomberg Reuters - 05:57 AM

    China Petroleum & Chemical Corp., the nation's biggest oil refiner, and U.S. buyout firm TPG have weighed a bid for bankrupt chemicals company LyondellBasell Industries that could rival Reliance Industries offer of about $12 billion, Bloomberg reported.

  • Playboy to outsource magazine ops to American Media Reuters - 05:56 AM

    Playboy Enterprises Inc will outsource all its publishing operations except for editorial to American Media Inc in a bid to cut costs and return its namesake magazine to profitability in two years.

  • Washington Post closing remaining U.S. bureaus Reuters - 05:55 AM

    The Washington Post is closing its last U.S. bureaus outside the nation's capital as the money-losing newspaper retrenches to focus on politics and local news.

  • Washington Post closing U.S. bureaus Reuters - 04:46 AM

    The Washington Post is closing its bureaus in Chicago, Los Angeles and New York as the money-losing newspaper retrenches to focus on politics and local news in the nation's capital.

  • The U.S. flag flies at the Burt GM auto dealer in Denver June 1, 2009. RTEUTERS/Rick Wilking/Files
    GM's Saab sale collapses as buyer backs out Reuters - 04:24 AM

    A deal for General Motors Co to sell Saab collapsed on Tuesday when the buyer pulled out in a move that threatens a 60-year-old Swedish auto brand with closure after mounting losses.

  • A man walks past a logo of Toyota Motor at its dealers shop in Yokohama, south of Tokyo August 4, 2009. REUTERS/Toru Hanai/Files
    Toyota recalls 110,000 Tundras in U.S. for corrosion Reuters - 04:21 AM

    Toyota Motor Corp will recall about 110,000 older model Tundra pickup trucks in the United States due to corrosion problems, the U.S. government and the automaker said on Tuesday.

  • Packs of U.S. one hundred dollar bills are counted at a bank in Westminster, Colorado November 3, 2009. Picture taken November 3, 2009. REUTERS/Rick Wilking
    GLOBAL MARKETS - Global stocks trim losses after FOMC; dollar up Reuters - 03:25 AM

    World stocks pared losses on Tuesday after the Federal Reserve revised upward its growth estimates for 2010, while the dollar rose on data showing the U.S. economy grew at a slower pace than expected in the third quarter.

  • A man walks in front of the U.S. Federal Reserve building in Washington, June 24, 2009. REUTERS/Jim Young/Files
    Aware of policy risks, Fed sees firmer U.S. growth Reuters - 03:10 AM

    Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.

  • A man walks in front of the U.S. Federal Reserve building in Washington, June 24, 2009. REUTERS/Jim Young/Files
    Fed confident on U.S. growth, leery of policy risks Reuters - 02:05 AM

    Federal Reserve officials are increasingly confident the U.S. economic recovery is sustainable, even if they do not see employment picking up soon, minutes from their November meeting showed.

  • Traders work on the options trading floor at the New York Stock Exchange, May 26, 2009. REUTERS/Brendan McDermid/Files
    U.S. STOCKS - Wall St flat as Fed eyes stronger 2010 Reuters - 02:04 AM

    U.S. stocks were mostly flat in low volume on Tuesday as the Federal Reserve lifted its growth estimates for 2010, offsetting data that showed the economy grew at a slower-than-expected pace in the third quarter.

  • U.S. President Barack Obama (R) answers a reporter's question during a joint news conference with Prime Minister of India Manmohan Singh at the White House in Washington November 24, 2009. REUTERS/Larry Downing
    U.S. and India agree on new economic partnership Reuters - 01:54 AM

    The United States and India will establish a new economic partnership which U.S. Treasury Secretary Timothy Geithner will help formally launch in India early next year, the White House said on Tuesday.

  • International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn delivers a speech about global economy and IMF reform at Tsinghua University in Beijing November 16, 2009. REUTERS/Jason Lee
    Half of banks' losses may be unknown - IMF chief Reuters - 01:31 AM

    Half of the losses suffered by banks could still be hidden in their balance sheets, more so in Europe than in the United States, the International Monetary Fund's chief, Dominique Strauss-Kahn, was quoted as saying on Tuesday.

  • U.S. President Barack Obama (R) answers a reporter's question during a joint news conference with Prime Minister of India Manmohan Singh at the White House in Washington November 24, 2009. REUTERS/Larry Downing
    U.S. and India set up new economic partnership Reuters - 01:07 AM

    The White House said on Tuesday that the United States and India would establish a new economic partnership and that U.S. Treasury Secretary Timothy Geithner would travel to India for its launch early in 2010.

  • A man walks in front of the U.S. Federal Reserve building in Washington, June 24, 2009. REUTERS/Jim Young/Files
    Fed pleased with U.S. growth, leery of policy risks Reuters - 01:00 AM

    Federal Reserve officials are increasingly confident the U.S. economic recovery is sustainable, but they do not see employment picking up soon, according to minutes from their November meeting released on Tuesday.

  • FACTBOX - U.S. Treasury holds meeting with India CEOS Reuters - 12:39 AM

    (Deletes Mukesh Ambani, chairman of Reliance Industries, Ltd. Ambani had to travel back to India today.)


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