As money leaves Russian stocks, China, other BRICS benefit
Aug 12, 2014 at 23:30 | Source:
LONDON (Reuters) - With the threat of further Western economic sanctions hanging over Russia, foreign investors are deserting Moscow's equity markets and funnelling cash into other BRICS states, with China a standout beneficiary.Russia has performed ...
The global wine drought that never was
Aug 07, 2014 at 23:22 | Source:
Recently the world's media reported the alarming news that demand for wine has outstripped supply. Latest figures indicated a shortfall of 300 million cases in 2012, it was claimed... the world was facing the serious prospect of a wine shortage....
Flipkart raises bar in cash chase
Jul 31, 2014 at 01:52 | Source:
Calcutta Telegraph News
Mumbai, July 29: Flipkart, India�s largest e-tailer, has raised fresh funds worth $1 billion as it ramps up operations to fend off competition from Amazon, which is growing at a scorching pace in the country. Flipkart, founded in 2007 by two forme...
Spain's economy grows at fastest quarterly rate since 2007
Jul 31, 2014 at 01:52 | Source:
The Spanish economy grew at its fastest pace over the last three months since the end of 2007, according to Spain's statistics office. But falling prices show the country is facing a deflation threat after it emerged from a two year recession la...
Dear Flipkart, you got your $1 billion; spend it carefully
Jul 30, 2014 at 12:39 | Source:
Update: Amazon has announced a $2billion investment in India as well. Amazon founder Jeff Bezos said in a statement, "After our first year in business, the response from customers and small and medium-sized businesses in India has far surpassed ...
US imposes fresh sanctions on Russia's banks, defence companies
Jul 17, 2014 at 08:07 | Source:
Washington: The United States on Wednesday imposed its most wide-ranging sanctions yet on Russia's economy, including Gazprom bank and the Rosneft Oil Company, and other major banks and energy and defense companies.Washington has steadily e...
U.S. imposes toughest sanctions yet on Russia over Ukraine
Jul 17, 2014 at 03:45 | Source:
WASHINGTON (Reuters) - The United States on Wednesday imposed its most wide-ranging sanctions yet on Russia's economy, including Gazprombank and the Rosneft Oil Co, and other major banks and energy and defense companies.Washington has steadily escala...
IDFC Gains; Morgan Stanley Upgrades to 'Overweight'
Jul 07, 2014 at 11:51 | Source:
Shares in IDFC Ltd gain 3.7 per cent after Morgan Stanley upgrades the stock to "overweight" from "underweight" and raises its target price to Rs175 from Rs115. The investment bank cites potential benefits after RB...
Global M A deal value touches $1.57 trillion in first half of 2014
Jul 02, 2014 at 04:12 | Source:
NEW DELHI: Merger and acquisition activity across the globe witnessed significant uptrend in the first half of this year with deals worth USD 1.57 trillion and the Asia-Pacific region accounted for one-fifth of the deal value. During the first six mo...
Japanese business sentiment dips
Jul 01, 2014 at 08:12 | Source:
Japanese business sentiment dipped in the three months to June, the Bank of Japan's latest Tankan survey has shown. The big manufacturers' index fell to plus 12, from plus 17 in the previous quarter. A positive reading shows firms feeling o...
Faster reforms can revive growth, curb stagflation: Report
Jun 28, 2014 at 12:37 | Source:
MUMBAI: Speedy implementation of reforms is likely to help the country in making a faster transition from stagflation to higher growth and lower inflation, says a report. "We believe that as policymakers implement reforms that boost productivity, it ...
Budget 2014 may launch reform agenda: Morgan Stanley
Jun 25, 2014 at 06:37 | Source:
MUMBAI: The first budget of the Narendra Modi government, slated for July 10, is expected to kick-start the government's reform agenda, American brokerage Morgan Stanley said in a report. "Policy reforms are much needed to ensure that the country tra...
Morgan Stanley hopes budget will kick start Modi govt's reforms agenda
Jun 24, 2014 at 19:40 | Source:
Mumbai: The first budget of the Narendra Modi government, slated for 10 July, is expected to kick-start the government's reform agenda, American brokerage Morgan Stanley said in a report."Policy reforms are much needed to ensure that the country...
Poor rain unlikely to impact GDP growth much: Morgan Stanley
Jun 19, 2014 at 19:37 | Source:
NEW DELHI: Even as country braces for likely deficient monsoon, its impact on GDP may not be very significant. The decline in farm output as a result of shortfall in rains is unlikely to reduce GDP growth rate in 2014 by more than 0.5 percentage poin...