Fri, Oct 31 2014
NEW DELHI - India's fiscal deficit reached nearly 83 percent of its full-year target in the first half of the year, giving the government a tough job meeting its budget target even with help from a fall in global crude prices that will reduce the oil subsidy bill.
MUMBAI - The Securities and Exchange Board of India (SEBI) has accused Sahara of deliberately failing to sell its marquee overseas hotels in New York and London, seen as crucial to it complying with an order to repay investors and secure the release of jailed head Subrata Roy.
ROME/MILAN - The former top managers of Monte dei Paschi di Siena were sentenced to three-and-a-half years in jail on Friday over a 2009 derivatives scandal from which the bank is still struggling to recover.
NEW DELHI - The government is considering a ban on electronic cigarettes over the risks to public health that they may cause, a senior Health Ministry official told Reuters.
NEW DELHI - Automaker Mahindra and Mahindra Ltd posted a 4 percent drop in second-quarter net profit, missing analyst estimates, after a poor and delayed monsoon hit demand for its tractors.
NEW YORK - U.S. authorities are investigating London-based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according to people familiar with the probe.
NEW YORK - The Dow and S&P 500 ended at record highs on Friday and other indexes posted strong gains for a second week after the Bank of Japan's surprise move to ramp up its stimulus program.
- Jefferies Group LLC said on Friday Chief Executive Rich Handler, Chairman Brian Friedman and executives at its healthcare division were tested negative for drug usage, after one of its investment banking head was accused of drug abuse.
TUNIS - A former Libyan rebel leader, who seized oil ports in the past to campaign for eastern autonomy, said he had turned down an offer to join an armed group challenging the internationally-recognized government.
BEIJING - China's factory activity unexpectedly fell to a five-month low in October as firms fought slowing orders and rising costs in the cooling economy, reinforcing views that the country's growth outlook is hazy at best.