Edition:
India

Non-Cyclical Consumer Goods

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UPDATE 1-M&S says turnaround plan to hit profit in short term

LONDON, May 25 British retailer Marks & Spencer said on Wednesday its new boss's plan to turn around the firm's underperforming clothing and homewares business would impact short-term profit.

12:06pm IST

Malaysia's Sime Darby Q3 profit up 60 pct, boosted by asset sale gains

KUALA LUMPUR, May 25 Malaysia's Sime Darby Bhd , the world's largest palm oil planter by land size, said its third-quarter net profit jumped 60 percent from a year earlier, boosted by gains from asset sales, but warned current trading conditions remain tough.

11:20am IST

Smucker takes on supermarkets with bold coffee price cut

NEW YORK, May 25 When J.M. Smucker Co, the biggest U.S. coffee roaster, changes prices of its popular retail brands, it usually follows big swings up or down in benchmark bean prices.

9:30am IST

Australia shares rebound 1.7 pct, energy, resources firms lead

SYDNEY/WELLINGTON, May 25 Australian shares bounced sharply off a two-week low on Wednesday, led by gains in the energy and resources sectors as strong data in the United States boosted commodity prices and Wall Street stocks.

8:35am IST

Childhood goes up in smoke for Indonesian tobacco farm workers

PROBOLINGGO, Indonesia, May 25 Thirteen-year-old Siti Maryam says she suffers headaches and nausea after harvesting tobacco leaves with her bare hands during four years of working on her family's farm in Indonesia.

8:31am IST
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Banks still resisting rate cuts as liquidity row with RBI drags on

NEW DELHI The Reserve Bank of India (RBI) has stepped up fund injections in the two months since Governor Raghuram Rajan pledged to gradually erase a cash deficit in the financial system, but commercial banks say it is still not enough for them to sharply lower interest rates.