A broad collapse of company profits in the developing world shows no sign of abating, forcing investors to tilt portfolios towards sectors such as healthcare or consumer goods where margins are more robust. ...

Reuters Market Eye - The BSE Sensex runs the risk of some consolidation after indexes ended at their highest close since November 2010 on Friday. Earnings will be key, with Coal India Ltd , State Bank ...

A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services ...

Tata Motors Ltd said its subsidiary TML Holdings Pte Ltd had issued and allotted S$350 million of senior notes due 2018. The notes carry an interest rate of 4.25 percent, Tata Motors, part of the salt-to-steel ...

Tata Sons Ltd, the promoter of Tata Teleservices Ltd , cancelled a share auction it had launched in the telecommunications carrier on Friday after most bids were below a floor price set by the company. ...

With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. Concerns ...

Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in ...

U.S. stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. ...

Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but $1.1 trillion lower than what it estimates over ...

The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed U.S. consumer sentiment ...

Tata Steel , the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Köhler said. A prolonged contraction ...

A drop in European takeovers has depressed global merger and acquisitions activity so far this year, but bankers see activity picking up as a rally in stocks and bonds helps compensate for a prolonged ...

U.S. stocks advanced on Friday, with the S&P 500 erasing declines in the previous session, putting the index on track for its fourth straight weekly advance as data helped support recent momentum. The ...

The Competition Commission of India on Friday ordered some of India's biggest cement manufacturers to pay 6 billion rupees in fees while it hears their appeal against a penalty the competition watchdog ...

Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in monetary easing lifted the dollar. Dollar strength ...

The Sensex edged higher on Friday to new 2-1/2-year highs as continued hopes for rate cuts bolstered sentiment for blue chips such as ICICI Bank and Larsen & Toubro, although some analysts warned the recent ...

The rupee weakened on Friday on the back of a broad rally in the dollar versus major currencies, but gains in domestic shares limited a sharp sell-off. The dollar rose against a basket of currencies on ...

European shares lifted off lows on Friday while the dollar held near a 10-month high against a basket of currencies as investors considered the prospect the Federal Reserve might begin easing off on asset ...

Standard & Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government ...

Standard & Poor's expects India to grow around 6 percent in the current fiscal year ending March 2014, said credit analyst Takahira Ogawa. The rating agency also does not expects any significant improvement ...

Gold traders and jewellers in India, the world's biggest buyer of the metal, were scrambling for supplies after the central bank restricted imports on a consignment basis, triggering a surge in premiums. ...

India is calling in specialist control monitors to stop poor quality coal getting through to its power plants. Indian utilities complain that poor quality coal reduces the efficiency of power stations, ...

Reuters Market Eye - Coal India Ltd may beat Jan-March earnings consensus forecast when it reports results on Monday, according to Thomson Reuters StarMine data. StarMine's SmartEstimates, which place ...

Dalia Ghosh, a 28-year-old nurse in Kolkata, invested her savings in an unlicensed fund run by media conglomerate Saradha Group last year, hoping to start her own clothes business. But Saradha went bust ...

The dollar held firm near a 10-month high versus a basket of currencies on Friday and European shares fell after a regional Federal Reserve chief said the U.S. central bank may begin to taper its asset ...

A fire broke out late on Thursday at state-run refiner Hindustan Petroleum Corp Ltd's Visakhapatnam refinery on the east coast, said officials at the unit. The fire, which was put out immediately, resulted ...

REUTERS - India's largest cigarette maker, ITC Ltd , posted a 19.5 percent jump in quarterly net profit on Friday, meeting market expectations. ITC, which makes four out of every five cigarettes sold in ...

Reuters Market Eye - The rupee trades at 54.90/91 versus its previous close of 54.7750/7850, tracking weakness in the domestic share market and the dollar's broad gains versus other majors and Asian currencies. ...

The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial markets, ...

The Nikkei share average rose on Friday with investors snapping up reflationary plays such as real estate stocks on the dips - posting a second week of gains supported by the benign effects of a weak yen. ...

State-owned Dutch bank ABN AMRO is to cut 400 jobs, about 2 percent of its workforce, as it prepares for an eventual sale. The bank, which on Friday posted first-quarter results hit by bad loans in its ...

The dollar held firm near a 10-month high versus a basket of currencies on Friday after a regional Federal Reserve chief said the U.S. central bank may begin to taper its asset buying this summer, while ...

Brent futures slipped on Friday, staying below $104 as bleak U.S. economic data revived worries about demand growth in the world's biggest oil consumer, while a stronger dollar also pressured prices. Barring ...

Shares in JM Financial Ltd rose as much as 17.6 percent on Friday after the company said on Thursday former Citigroup Chief Executive Vikram Pandit is buying a stake in the Indian financial services company. ...

Overtaking Apple Inc as the world's leading maker of smartphones has stretched Samsung Electronics Co's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers. ...

Chinese President Xi Jinping has taken charge of drawing up ambitious reform plans to revitalise the economy, sources close to the government said, shunning policy stimulus for fear it could worsen local ...

REUTERS - Shares in cement companies such as Ambuja Cements Ltd gain on hopes a regulatory tribunal may rule in their favour as they challenge price collusions charges from the Competition Commission of ...

Reuters Market Eye - The NSE Pharma index falls 0.93 percent after the government formally notified a new drug pricing policy designed to increase the number of drugs deemed essential that are subject ...

Gold fell for a seventh straight session on Friday as the dollar strengthened and investors cut exposure to the metal, sending holdings in exchange-traded funds to their lowest in four years. Gold has ...

Japan's benchmark Nikkei average opened down 0.74 percent at 14,926.42 on Friday, while the broader Topix shed 0.58 percent to 1,237.97.

The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial markets, ...

Dell Inc , the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink. ...

U.S. stocks fell on Thursday, with the downturn accelerating late in the day after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer. The three ...

Global equity markets fell on Thursday after a regional president of the Federal Reserve said the U.S. central bank could begin to ease up on its loose monetary policy this summer, leading the dollar to ...

A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing recent improvement in the housing market. Richard Fisher, president ...

Former Citigroup Chief Executive Vikram Pandit is buying a stake in financial services company JM Financial Ltd , JM Financial said in a statement on Thursday. Pandit, who resigned from Citi last October, ...

The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites. Other data ...

Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent price falls favoured other assets. Prices touched a low ...