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Russia opens oil price-fixing probe against top firms

Nov 06, 2014 at 22:02 | Source: BBC

Russian state inspectors have opened an inquiry into major Russian oil firms suspected of market rigging to push up petrol prices nationally. The Federal Anti-Monopoly Service (FAS) is investigating Bashneft and Lukoil - both privately-owned - as wel...

At least 24 migrants die as boat sinks in Black Sea near Istanbul

Nov 04, 2014 at 04:15 | Source: FirstPost

ISTANBUL (Reuters) - Rescuers pulled 24 bodies from the sea at the mouth of Istanbul's Bosphorus strait on Monday and rescued seven people after the sinking of a boat carrying migrants including children, the Turkish Coastguard Command said.Tens of t...

Trouble brewing in South Korea's plastic surgery paradise

Nov 02, 2014 at 09:15 | Source: FirstPost

SEOUL (Reuters) - Kim Bok-soon disliked her nose and fantasised about getting it fixed after learning of the Korean superstition that an upturned nose makes it harder to hold on to riches.While waiting in a hair salon, she saw a magazine advertisemen...

Bank of Japan expands monetary stimulus measure

Oct 31, 2014 at 16:22 | Source: BBC

Japan's central bank has surprised markets by announcing an expansion of its monetary stimulus policy. The Bank of Japan said it would increase its asset buying plan to annual pace of 80 trillion yen ($726bn; £454bn) a year, up from the previou...

Oil firms to tread with caution on diesel relief

Oct 31, 2014 at 12:22 | Source: Calcutta Telegraph News

New Delhi, Oct. 30: State-owned oil PSUs are unlikely to pass on the entire benefit of falling global crude prices to customers when they consider a diesel price cut on Friday. “The oil firms are expected to keep 50 paise to one rupee per litr...

Citigroup sets aside another $600m to cover legal costs

Oct 31, 2014 at 12:22 | Source: BBC

Investment bank Citigroup is setting aside an extra $600m to cover legal expenses due to rapidly evolving regulatory inquiries . The money relates to likely settlement of claims that Citigroup manipulated the foreign exchange market. On Thursday, Bar...

Total profits hit by lower oil price

Oct 29, 2014 at 16:57 | Source: BBC

French oil firm Total has reported a 2% fall in third quarter net profit to $3.5bn (£2.2bn) on falling oil prices. The price of crude oil has fallen by 25% since the summer. Total also said its new chief executive, Patrick Pouyanne, will tour the Mi...

No fresh violence: Prohibitory orders finally relaxed in east Delhi's Trilokpuri

Oct 28, 2014 at 12:43 | Source: FirstPost

New Delhi: The prohibitory orders on gathering and movement of people imposed in east Delhi's Trilokpuri area following a communal clash were relaxed for three hours Tuesday as no fresh violence was reported, police said."We have decided to rela...

Lever posts 8% growth in profit

Oct 28, 2014 at 11:57 | Source: Calcutta Telegraph News

Mumbai, Oct. 27: Hindustan Unilever Ltd (HUL) today reported an 8 per cent rise in net profit for the second quarter ended September at Rs 988.16 crore compared with Rs 913.80 crore in the corresponding period of the previous fiscal. The company had...

Standard Chartered quarterly profit falls 16%

Oct 28, 2014 at 11:57 | Source: BBC

Standard Chartered has announced a 16% fall in operating profit because of a restructuring of its South Korean business and an increase in bad loans. The Asia-focused lender said pre-tax profits fell to $1.5bn (£930m) in the July-to-September quarte...

Newly re-elected Brazil President Rousseff faces divided house

Oct 28, 2014 at 08:19 | Source: FirstPost

Rio de Janeiro: Brazil's re-elected leader Dilma Rousseff on Monday faced a house divided after a bitterly fought election that culminated in the narrowest presidential win since the nation's return to democracy three decades ago.In a victory speech,...

Rousseff win rattles Brazil markets, focus turns to economy

Oct 28, 2014 at 01:15 | Source: FirstPost

SAO PAULO (Reuters) - President Dilma Rousseff's narrow re-election victory met with cold reality on Monday as Brazil's financial markets tumbled on doubts that she can restore confidence in the economy and maintain political support in a sharply div...

Mommy review: there's a reason this won Palme d'Or at Cannes

Oct 27, 2014 at 15:58 | Source: FirstPost

A single mother, her tumultuous relationship with her son, their dysfunctional family, the social issues that surround them all these themes have been done to death in cinema. So what does director Xavier Dolan do in Mommy that sets itself apart fro...

Mommy review: there's a reason this won over Cannes Film Fest

Oct 27, 2014 at 15:58 | Source: FirstPost

A single mother, her tumultuous relationship with her son, their dysfunctional family, the social issues that surround them all these themes have been done to death in cinema. So what does director Xavier Dolan do in Mommy that sets itself apart fro...

Merger mantra to clear mess

Oct 22, 2014 at 05:02 | Source: Calcutta Telegraph News

Mumbai, Oct. 21: The Union government today proposed that NSEL be merged with its holding company — Financial Technologies (India) Ltd. This brings a ray of hope to close to 13,000 investors who lost their money in the Rs 5,600-crore fraud at ...

China's economic growth slows to more than five-year low

Oct 21, 2014 at 23:42 | Source: BBC

China's economy grew at its slowest pace since the global financial crisis, causing speculation the government may introduce more stimulus measures. Gross domestic product rose by 7.3% in the third quarter from a year earlier, compared to 7.5% i...

Brazil's Lula back campaigning for Rousseff - and maybe himself

Oct 21, 2014 at 00:15 | Source: FirstPost

BELO HORIZONTE Brazil (Reuters) - He remains the one true rock star of Brazilian politics, introduced to an adoring crowd of thousands over the weekend as "our eternal president."Luiz Inacio Lula da Silva, 68, is back on the campaign trail ...

Two Egyptian soldiers killed in border tunnel collapse

Oct 19, 2014 at 01:45 | Source: FirstPost

Cairo, Oct 19 (IANS) At least two soldiers were killed Saturday when a smuggling tunnel connecting Egypt's restive Sinai Peninsula and the Gaza Strip collapsed, a security source said.The tunnel, close to the Rafah border crossing, crumbled after the...

Morgan Stanley profits soar 87% as trading rebounds

Oct 17, 2014 at 20:27 | Source: BBC

US investment bank Morgan Stanley has posted an 87% jump in profits to $1.65bn (£1bn) in the three months to the end of September. Trading of currencies, commodities and bonds was a big driver of profits, as was wealth management - advising high ear...

Is growth stalling or ending?

Oct 16, 2014 at 23:17 | Source: BBC

There is a battle in financial markets between those betting on a permanent and temporary end to economic recovery. Who is right? As you may recall, I came back from summer hols a bit anxious and gloomy about the world's economic prospects and t...

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