Money News Headlines

Fri, Oct 31 2014

India's fiscal deficit in H1 almost 83 pct of full-year target


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.

Business, Economy 31 Oct 2014

SEBI piles pressure on Sahara to sell overseas hotels


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.

Top News, Business 31 Oct 2014

Former Monte Paschi management convicted as crisis mounts


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.

3:28am IST

Govt considers ban on e-cigarettes, sale of single smokes


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.

Top News, Business 31 Oct 2014

M&M Q2 net profit down 4 percent, hit by poor monsoon


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.

8:07am IST

Exclusive - U.S. probing Standard Chartered over Dubai banking: sources


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.

4:38am IST

Dow, S&P 500 end at record highs; BoJ move adds fuel to rally


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.

Business, Japan 3:49am IST

Jefferies CEO, chairman take drug tests

- 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.

5:52am IST

Libyan port rebel leader refuses to hand over oil ports to rival group


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.

World, Libya, Business 4:17pm IST

China's Oct factory growth unexpectedly hits 5-month low - official PMI


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.

9:45am IST