Developed markets best emerging in fund flows: EPFR
Investors hunting for higher returns on their cash put a record net USD 1.4 billion extra into high yield bond funds for the week ended February 9, while the rotation into developed market stocks continued, data from EPFR Global showed on Friday.
Oil falls, stocks edge up as Mubarak resigns
Oil prices fell and world stocks rose modestly on Friday after Egyptian President Hosni Mubarak stepped down following more than two weeks of popular unrest that roiled financial markets.
Roaches are forever as novel Valentine's gift
In what is described as the perfect Valentine's Day gift, New York's Bronx Zoo is offering the chance to name a Madagascar hissing cockroach after that special someone in your life.
Obama`s budget will include spending freeze: Source
US President Barack Obama's proposed budget for fiscal 2012 includes the five-year freeze on domestic spending that he outlined in his State of the Union address last month, a Democratic aide said on Friday.
Obama launches housing overhaul plan, long road ahead
Obama launches housing overhaul plan, long road ahead
Investors see opportunity in post-Mubarak Egypt
The end of Hosni Mubarak's rule in Egypt on Friday should bring opportunities for investors as freer markets and increased commerce gradually take root in a country with 80 million people hungry to become part of the global economy.
NYSE board to meet on D.Boerse; rivals respond
The board of NYSE Euronext is expected to meet on Sunday to discuss a planned takeover by Deutsche Boerse, sources close to the deal said, while exchanges left out of the merger frenzy plotted their response.
Microsoft's Nokia deal leaves investors cold
Microsoft Corp has yet to persuade investors that a deal to put its Windows software on Nokia Corp phones is not just two losers hoping to combine into one winner.
Reliance ADA says execs examined in telecoms case
Indian tycoon Anil Ambani's Reliance ADA Group, which controls number two mobile carrier Reliance Communications, said on Friday authorities had examined some of its officials and that it was cooperating.
Sanofi-Genzyme investors eyeing Feb. 15 deadline
Genzyme Corp investors' confidence that the US biotech is close to an agreement to be taken over by Sanofi-Aventis could be shaken if the French drugmaker extends its tender offer a third time next week, some investors said
Factbox- Key obstacles for D.Boerse-NYSE Euronext deal
German exchange operator Deutsche Boerse is in advance talks with NYSE Euronext in a deal that would create the world's largest trading powerhouse.
L`Oreal slips after Q4 sales, margins miss forecast
L'Oreal shares fell sharply on Friday, handing back some of their recent gains, after the world's biggest cosmetics group posted fourth-quarter sales and margins below expectations.
EU, IMF approve Greek aid but demand faster reforms
EU and IMF inspectors approved on Friday 15 billion euros of fresh bailout funds for Greece but warned its fiscal programme could go off the rails unless it accelerated reforms and scaled up privatisations.
Angelina Jolie denies reports of Haiti adoption
Angelina Jolie has no plans to adopt a child from earthquake-hit Haiti, despite persistent reports in British newspapers that she is about to add another child to her brood of six, a spokesman for the actress said on Friday.
Dell margins, consistency in focus
Dell Inc hopes healthy business spending and favorable component costs will help it build on recent progress to improve profitability -- and convince investors still not sold on its turnaround efforts.
US regulators widen probe into VW diesel vehicles
US safety regulators widened their probe of more than 97,000 Volkswagen AG diesel vehicles after receiving reports that appeared to link engine problems with a failure of the vehicles' fuel pumps.
Indian ADRs: Tata Motors up 9%, ICICI Bank up 5.7%
Indian ADRs ended higher yesterday. In the Telecom pack, Tata Comm was up 5.3% at $9.34 and MTNL was up 4.26% at $1.96. In the banking space, ICICI Bank was up 5.79% at $45.34 and HDFC Bank was up 4.02% at $148.18.
US mkts end second week of gains after Mubarak resigns
US stocks closed out their second straight week of gains on Friday with a rally sparked after Egyptian President Hosni Mubarak resigned, easing tension around the region for now.
NAVs advance as markets rally
Equity diversified NAVs ended higher with advance:decline ratio of 250:4 as the Indian equity benchmarks rallied sharply on Friday. Financial, infrastructure, auto, Anil Dhirubhai Ambani Group and healthcare companies' shares led the support.
DLF plans to appeal SC for demolition order
DLF is planning to move to Supreme Court against a Punjab & Haryana High Court order to demolish properties on a land owned by the country's largest realtor in Gurgaon, reported Indiainfoline.com.
Mumbai is Asia's 4th costliest place for office in 2010
Mumbai has become the fourth costliest city in Asia Pacific for renting an office in the last quarter of 2010, The Economic Times reported quoting Jones Lang LaSalle.
Hosni Mubarak steps down
Egyptian President Hosni Mubarak has stepped down and the vice president has named a military council to run the country's affairs, state television said on Friday after 18 days of mass protests against his rule.
Allocate natural gas to power project: Ambani to Reddy
Reliance ADAG chief Anil Ambani met Oil Minister S Jaipal Reddy today, seeking natural gas allocation for his group's upcoming power projects, reports the Economic Times.
PMO recommends joint mining by NTPC, RPower in Jharkhand
The prime minister's office has recommended that NTPC and Reliance Power should jointly mine adjacent coal blocks in Jharkhand, reports the Economic Times.
Power Min seeks Cabinet help to resolve NTPC project issue
Unable to amicably resolve the dispute over the location of NTPC's proposed 1,980-MW project in Jharkhand, the coal and power ministries today decided to refer the matter to the Cabinet, reports the Economic Times.
