Nasdaq tops 6,000, Dow surges as earnings impress
The Nasdaq crossed the 6,000 threshold for the first time on Tuesday, while the Dow registered triple-digit gains as strong earnings underscored the health of Corporate America.
GENEVA A World Trade Organization dispute panel ruled on Friday that the European Union had been largely within its rights to impose anti-dumping duties on Indonesian fatty alcohols, rejecting most of Indonesia's complaint at the Geneva-based trade body.
The panel ruling, which can be appealed, threw out two of Indonesia's claims about the EU's basis for applying duties, but faulted the EU for failing to disclose results of a verification visit to Indonesian firm PT Musim Mas.
The EU had imposed dumping duties on fatty alcohol exports from Musim Mas and Ecogreen Oleochemicals, but reduced the duty on Ecogreen's products to zero after a European court case.
Fatty alcohol is made from kernel oil, a palm oil derivative, and mainly used in the production of detergents and surfactants, as well as in cosmetics, food and industrial solvents.
(Reporting by Tom Miles, editing by Stephanie Nebehay)
India's IDFC Bank Ltd reported a 7 percent rise in fourth-quarter net profit on Tuesday, helped by an increase in interest income and a drop in provisions for bad loans.