Money News Headlines

Fri, Jul 3 2015

Crop sowing accelerates on surplus monsoon rains

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MUMBAI - Ample monsoon rainfall in June accelerated planting of main crops such as rice and cotton, government data showed on Friday, though the current dry spell could slow down the pace of sowing in coming weeks.

Business, Top News 03 Jul 2015

Europe won't let Athens go under, says Greek minister

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ATHENS - Greece's finance minister accused creditors of trying to "terrorise" Greeks into accepting austerity, warning Europe stood to lose as much as Athens if the country is forced out of the euro after a referendum on Sunday on bailout terms. | Video

Govt seeks legal advisers to sell Oil India, Engineers India stakes

NEW DELHI - India took a step toward selling minority stakes in eight state-run companies including Oil India Ltd and power generator NTPC on Friday, part of a drive to sell off $11 billion of government assets this fiscal year.

03 Jul 2015

India's push to save its cows starves Bangladesh of beef

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Ghojadanga, India/Dhaka - Some 30,000 Indian soldiers guarding the border with Bangladesh have a new mandate under Prime Minister Narendra Modi's government this year - stop cattle from crossing illegally into the Muslim-majority neighbour.

Videocon plans $2.5 billion Brazil oil and gas investments

LONDON - Videocon Industries Ltd plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy to boost the business.

3:10am IST

China curbs IPOs, enlists brokers in all-out bid to end market rout

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BEIJING/SHANGHAI - China froze share offers and set up a market-stabilization fund on Saturday, the Wall Street Journal said, as Beijing intensified efforts to pull stock markets out of a nose-drive that is threatening the world's second-largest economy.

9:27pm IST

New Credit Suisse CEO promises "ruthlessly selective" review - FT

- Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank's businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm.

9:05am IST

Canadian judge rejects request for injunction against Uber

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TORONTO - An Ontario court on Friday rejected the city of Toronto's request for an injunction to halt Uber's operations in Canada's largest city.

Business, Tech 10:08am IST

Hong Kong stock exchange to introduce volatility controls from mid-2016

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HONG KONG - The operator of Hong Kong's stock exchange said it will introduce new controls to rein-in volatility, in a long-awaited announcement that comes as Chinese shares see wild price swings, fueling fears of a mainland market collapse.

12:15pm IST

Toshiba accounting errors may be over $800 million - source

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TOKYO - Japan's Toshiba Corp may need to mark down past earnings by over 100 billion yen ($814 million), more than double earlier estimates, after an investigation into past accounting practices found more irregularities, a source familiar with the matter said on Saturday.

Tech, Business, Japan 2:41pm IST