MUMBAI - India's central bank policy review is expected to yield little in the way of action on Tuesday, but its statement will be pored over for clues as to whether there is a chance of another interest rate cut this year.
Recent Business News
MUMBAI - The Supreme Court on Monday asked the Securities and Exchange Board of India (SEBI) to submit an application by September 14 seeking its approval to appoint a receiver to auction conglomerate Sahara's assets and refund investors in the troubled group's illegal bonds.
SINGAPORE - Oil prices edged up in early Asian trading on Tuesday following a 5 percent fall in the previous session, as high global production and a weakening economic outlook, especially in Asia, prompted analysts to warn of further falls.
MANILA - Gold dropped for a third session in four on Tuesday, closing in on a 5-1/2-year low, with selling pressure supported by expectations that the Federal Reserve is set to raise interest rates this year.
TOKYO - Asian shares edged lower on Tuesday after downbeat economic data pressured Wall Street ahead of key U.S. jobs data later this week that could provide a key clue to the timing of the U.S. Federal Reserve's interest rate increase.
BEIJING - Indian online marketplace Snapdeal is set to raise $500 million from a group of foreign investors including China's Alibaba Group Holding Ltd, three people familiar with the matter said on Monday.