Tue, Sep 2 2014
MUMBAI - The BSE Sensex on Tuesday surged past the psychologically key level of 27,000 to a third consecutive record high as blue-chips such as HDFC Bank gained after recent data raised hopes about the economy.
MUMBAI - Malaysia's Maxis Communications Bhd, charged by Indian police in a telecoms scandal, denied any wrongdoing and said it would "vigorously" pursue all available legal remedies to defend itself and one of its directors.
MUMBAI - Power cuts hit large areas of Indian financial capital Mumbai on Tuesday following a technical glitch at an electricity generation unit, but back-up generators at banks and brokerages ensured that financial business was largely unaffected.
MUMBAI - The rupee weakened for a fourth consecutive session on Tuesday, dropping the most in three weeks, tracking weaker Asian currencies amid caution ahead of key events including a European Central Bank meeting and U.S. monthly jobs data.
NEW YORK - U.S. stocks ended mostly lower on Tuesday, retreating from records set the previous month, as falling crude oil prices dragged energy shares down and offset strong manufacturing data.
ISLAMABAD - Anti-government protests that have gripped Islamabad since mid-August could throw off course economic reforms Pakistan promised to deliver in return for an IMF bailout, senior officials said, raising the risk of a sovereign rating downgrade.
LONDON - Gold fell to its lowest in 2-1/2 months on Tuesday, breaking through key support at its August lows as stock markets rose and the dollar hit a one-year high against the euro ahead of a European Central Bank meeting this week.
LONDON - Burger King may have taken a lot of flack in the past week for a deal that should curb its U.S. tax bill but in many ways it is consistent with the burger chain’s aggressive tax-reduction strategies in recent years.
- As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.
NEW YORK - U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said.