The Reserve Bank of India is looking at the possibility of deregulating interest rate on savings account deposits and will set up a working group to examine the issue. HT Correspondent reports. HindustanTimes.com – Top Business News Headlines
Reuters – Asian stocks edged up and the yen slipped from a 15-year high on Thursday, after a small rally on Wall Street driven by successful European bond auctions gave investors an excuse to lighten up on their bets. Yahoo! News: Business News
National Australia Bank shares rise but those of AXA Asia Pacific tumble after the Australian competition watchdog rejected NAB’s $12.2 billion takeover bid for the financial services company. MarketWatch.com – Financial Services Industry News
TEL AVIV (MarketWatch) — Barry Callebaut AG, the Zurich chocolate major, has agreed to become the key supplier to Kraft Foods Inc., the Northfield, Ill., foods giant. Terms weren’t disclosed. Under the accord, Callebaut should provide the majority of Kraft’s cocoa products and industrial chocolate worldwide, the companies said in a Thursday statement. The deal [...]
Continuing its winning streak for the fourth day today, the Bombay Stock Exchange benchmark Sensex shot up by 100.39 points in the opening trade, amid bullish domestic sentiment and a renewed confidence in the European market recovery after Portugal’s successful debt bond auction. HindustanTimes.com – Top Business News Headlines
Continuing its winning streak for the fourth day on Thursday, the Bombay Stock Exchange benchmark Sensex shot up by 100.39 points in the opening trade. Business News, International Business, Latest India Business and Markets News – Times of India
The price of petrol in the UK is now 50% more than it was before the nationwide fuel protests 10 years ago. Sky News | Business | First For Breaking News
Paul Volcker and his troupe, the President’s Economic Recovery Advisory Board, are unlikely to appear on the “America’s Got Talent” stage any time soon. But retirement experts are giving the group, which just issued a 188-page plan to fix the nation’s complicated retirement system, mostly high marks for their effort. MarketWatch.com – Financial Services Industry [...]
SYDNEY (MarketWatch) — The U.S. Department of Transportation late Wednesday rejected an application for antitrust immunity from Delta Airlines and Virgin Blue over joint services between the U.S. and Australia. The department said it has tentatively concluded that the firms haven’t demonstrated the alliance would show sufficient public benefits. Market Pulse Stories are Rapid-fire, short [...]
The Indian govt has protested the US state of Ohio’s decision to ban offshoring of government work to countries such as India, saying governor Ted Strickland’s decision violates the commitment made by G20 countries to fight protectionism. Business News, International Business, Latest India Business and Markets News – Times of India