Finance - Edit Hot

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UBS warns of poor Q1 as investment bank struggles

Posted 5 hours ago (at Livemint)

Q4 net profit 393 million Swiss francs. Wealth management net new money 3.1 billion francs, vs 3.8 billion Q3. The bank says it will issue loss-absorbing capital in 2012. Signals may take further measures to cut .. more >>

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Mahindra Q3 profit falls more than expected

Posted 5 hours ago (at Indiatimes)

Mahindra & Mahindra Ltd, India's biggest utility vehicle maker, reported a bigger-than-expected 9.9 percent fall in quarterly profit as rising commodity costs squeezed .. more >>

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BSE Sensex provisionally falls 0.5 pct

Posted 7 hours ago (at Reuters)

MUMBAI (Reuters) - The BSE Sensex provisionally closed down 0.5 percent on Tuesday, as investors booked profits after the index rallied 5 percent over five .. more >>

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India to set up 7 large manufacturing centres

Posted 7 hours ago (at Reuters)

MUMBAI (Reuters) - The government is in the process of building seven large manufacturing hubs in the country and is considering a proposal to construct five more, said Talleen Kumar, joint secretary at the Department of Industrial Policy and .. more >>

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ArcelorMittal sees H1 pick up, concern on Europe

Posted 7 hours ago (at Livemint)

Q4 core profit $1.71 billion. Drops into unexpected net loss of $1 billion in Q4. It sees shipments in H1 same as year ago, mining output up. H1 EBITDA below H1 2011, but above H2 .. more >>

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UBS predicts poor Q1 over euro zone woes

Posted 7 hours ago (at Livemint)

UBS, trying to rebuild confidence after a $2.3 billion rogue trader scandal uncovered in September, said inflows at its flagship private bank should hold .. more >>

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'India to consider 49% FDI in aviation soon'

Posted 7 hours ago (at Indiatimes)

India's aviation ministry will soon move a note to the cabinet to allow foreign airlines to buy stakes of up to 49 percent in Indian carriers, civil aviation minister Ajit Singh said on .. more >>

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Rupee gains 11 paise against dollar

Posted 7 hours ago (at Indiatimes)

The rupee strengthened by 11 paise to Rs. 48.94 a dollar in early trade on the Interbank Foreign Exchange market on Tuesday on increased foreign capital .. more >>

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MARKET EYE: Citi downgrades Hindustan Unilever to "sell"

Posted 9 hours ago (at Reuters)

REUTERS - Citi has downgraded Hindustan Unilever, India's largest consumer goods maker, to 'sell' from 'neutral' post earnings and has raised target price to 345 rupees from 330 .. more >>

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Greek leaders face crunch talks, unions strike

Posted 9 hours ago (at Reuters)

ATHENS (Reuters) - Greek leaders face crunch talks on Tuesday to agree on unpopular reforms to secure a 130-billion-euro bailout and avert a chaotic debt default which could threaten its future in the euro .. more >>

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Toyota Q3 jumps, raises FY outlook on cost cuts, incentives

Posted 9 hours ago (at Livemint)

Raises FY operating profit forecast to ¥270 bn from 200 bn; cost cuts of ¥30 bn, and trims spending by ¥20 bn; Q3 operating profit ¥149.7 bn yen vs consensus 93.9 .. more >>

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Walmart appoints new China boss after pork scandal

Posted 10 hours ago (at Indiatimes)

US retail giant Walmart on Tuesday named a new chief executive for its China operations, four months after the retailer's former boss quit following a scandal over falsely labelled .. more >>

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Wall Street edges lower after string of gains

Posted 11 hours ago (at Livemint)

Stocks stall after 5-week rally, Europe still in view; 60% of S&P companies beat earnings forecasts; Micron Tech lower after death of CEO; Dow down 0.1%, S&P flat, Nasdaq down .. more >>

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Asia stocks muted as Greek debt talks drag on

Posted 11 hours ago (at Livemint)

Japan’s Nikkei 225 fell 0.2% to 8,916.09. South Korea’s Kospi rose 0.3% to 1,979.30 and Hong Kong’s Hang Seng was 0.6% higher at .. more >>