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Sensex rises for fifth straight session

MUMBAI Indian shares rose for a fifth straight session on Monday after earnings of blue chips such as Hindalco Industries Ltd beat street estimates, boosting hopes that the economy was recovering.

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Oil prices dip as Iraq raises exports

LONDON Oil prices dipped to around $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meeting while Canadian production was set to restart after huge wildfires.

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Mahindra net profit up 6 percent on new SUVs, truck sales

NEW DELHI Mahindra & Mahindra Ltd , India's top-selling utility vehicle maker, on Monday reported a 6 percent rise in quarterly net profit helped by strong sales of its newly-launched SUVs, and rising demand for trucks as the domestic economy slowly recovers.

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China bets on duty-free paradise to keep luxury spenders at home

SANYA, China China's efforts to lift local consumption, spur domestic tourism and keep within its borders citizens that splurge in Milan or Seoul have spawned a duty-free paradise on the southern island of Hainan that it hopes will satisfy a lust for luxury.

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