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It took the rarefied air of the Swiss Alps to bring together the chief executives of Sanofi-Aventis and Genzyme Corp and pave the way for a USD 20.1 billion deal.
Blame the high price of cotton for T-shirts that might feel just a bit scratchier this spring, or pants that seem to stretch out after one washing.
If ever there was a tie to remind doubters why the FA Cup remains so special it is Manchester United's fifth-round meeting with Crawley Town at Old Trafford on Saturday.
The auto market in India is on the brink of the explosive growth that characterized the Chinese auto market in recent years and will outstrip the United States by size over the next 25 years, according to a forecast by consulting firm Booz & Co.
London beat Tokyo, New York and Paris to be the highest grossing city for retail sales in 2010, according to a study of 22 major worldwide shopping destinations by Britain's Centre for Retail Research.
The coming session is likely to witness a resistance at 5535 on advances. Support is likely at the 5430 levels.
We expect the bond market to trade in a lackluster manner. Markets are concerned about higher borrowings in the budget. The benchmark 10-year paper will trade in a range of 8.10%-8.13% but on thin volumes, says
The rupee is likely to give up some of its gains against the dollar but the anticipated recovery in the equity market may cap the losses. The range for the day is seen between 45.45- 45.60/$, says
F&O cues: Total Nifty futures up Rs 1,282 crore and Options up Rs 1,988 crore.
Market cues: NSE F&O Open Int was up Rs 3,270 crore at Rs 1.55 lakh crore.
Oil prices soared on geo-political tension in West Asia. This is after Israel's foreign minister said Iran planned to send two Iranian warships through the Suez Canal en route to Syria. It is trading at USD 85.13 per barrel.
Markets are posed at interesting levels. The next 3-4 days should decide whether the pullback from 5200 was just a corrective move within a larger downtrend or whether markets have indeed bottomed out and are on their way to 5800-6000 band or maybe even more.
At 7: 55 am (IST), Asian markets were trading mixed. China's Shanghai Composite rose 0.27% or 7.84 points at 2,931.73. Hong Kong's Hang Seng was flat at 23,176.94. Japan's Nikkei added 0.38%5 or 41.28 points at 10,849.57. Singapore's Straits Times was down 0.28% or 8.72 points at 3,086.
Aggregate earnings growth for the Sensex at 23% (YoY) was largely in-line with expectations, says Bharat Iyer of JPMorgan.
US Federal Reserve Chairman Ben Bernanke said the Fed supports the sweeping Dodd-Frank financial regulatory overhaul and is moving swiftly to put its provisions into action.
Arsenal and Barcelona each got a taste of their own medicine on Wednesday but it was the Londoners who recovered from what looked a terminal condition to register a remarkable 2-1 comeback win in the Champions League last-16 first leg
For oil colossus Saudi Arabia, a shift to renewable energy is as much about preserving its international influence and maximising its revenues as saving the planet.
Mahindra Satyam Ltd, a software servicing company, has agreed to pay USD 125 million to settle US shareholder litigation arising from a 2009 accounting fraud that turned into India's biggest corporate scandal.
Indian ADRs ended mixed on Wednesday. In the telecom space, Tata Communication was unchanged at $ 9.2 while MTNL was up 0.5% at $ 2.01. In the banking space, HDFC Bank was down 0.66% at $ 149.38 and ICICI Bank was down 1.36% at $ 45.61.
The US markets ended higher hitting multi year highs. The S&P 500 has now more than doubled its 2009 lows.
The US markets gained marginally higher amid FOMC minutes and economic news on Wednesday.
The markets may consolidate further in early trade today. FIIs selling may hurt sentiment on margin.
Equity diversified NAVs ended higher with advance:decline ratio of 140:90 as the Indian equity benchmarks continued consolidating for another session to close on a flat note despite positive global cues.
Long-term investors will struggle to make money in industrial metals while government bonds and high-quality equities are a sound bet in 2011, the manager of the HSBC Absolute Return Fund said.
Sales of personal computers in India rose 30% in 2010, the highest in four years, as consumer and commercial demand strenghtened after two years of negative growth, research firm IDC said on Wednesday.
