Finance - Edit Hot

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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 8 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 8 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 10 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 12 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 12 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 >>

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Dhanlaxmi Bank says CEO quits

Posted 12 hours ago (at Reuters)

REUTERS - Small-sized private lender Dhanlaxmi Bank said its Managing Director and Chief Executive Amitabh Chaturvedi has resigned on .. more >>

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Capital controls always seen as temporary: Rangarajan

Posted 12 hours ago (at Reuters)

MUMBAI (Reuters) - Capital controls have become more respectable since the 2008 financial crisis but must be seen as temporary measures, the chairman of Prime Minister Manmohan Singh's Economic Advisory Council, C. Rangarajan, said on .. more >>

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Rupee gains early, but wary on Greece

Posted 13 hours ago (at Indiatimes)

Rupee opened stronger on Tuesday in anticipation of dollar inflows, but concerns that Greece may fail to meet conditions to get its next bailout kept traders .. more >>

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Sensex up 0.3% early, RIL leads

Posted 13 hours ago (at Indiatimes)

Sensex rose 0.3 percent early on Tuesday, led by index heavyweight Reliance Industries, continuing a five-day rally ahead of the release of the government's GDP growth estimate for the current financial .. more >>