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U.S., India in talks to settle solar power trade dispute
6 Feb 2016 at 3:29am
WASHINGTON (Reuters) - The United States and India are in talks that could settle a long-running solar power trade dispute, delaying the announcement of a ruling by the World Trade Organization, an Obama administration official said on Friday.
Jet Airways posts record quarterly net profit
6 Feb 2016 at 3:24am
NEW DELHI (Reuters) - Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses.
China central bank to fine tune policy, keep yuan stable - Q4 monetary report
6 Feb 2016 at 1:01am
BEIJING (Reuters) - China will fine tune monetary policy and keep the yuan basically stable while guarding against systemic financial risks, the country's central bank said on Saturday in its fourth-quarter monetary policy report.
China not going back to "old road" of capital controls - fx regulator
6 Feb 2016 at 12:21am
BEIJING (Reuters) - China will continue to crack down on illegal foreign exchange activities but won't revert back to the "old road" of capital controls, the country's top foreign exchange regulator said.
Wall Street Weekahead - For Coke and Pepsi, Super Bowl is market share play
5 Feb 2016 at 5:33pm
SAN FRANCISCO (Reuters) - Coca-Cola Co, PepsiCo and other consumer-facing companies spending big bucks to advertise during Sunday's Super Bowl football extravaganza will be making a play for more market share to offset a slow economy and less overseas revenue.
Airbus in talks to delay some A320neo deliveries - sources
5 Feb 2016 at 1:13pm
PARIS (Reuters) - Airbus is renegotiating delivery schedules for its revamped A320neo jet and has told some airlines it will be delayed by about two months, industry sources said.
Technology stocks fall, lead losses on Wall Street
5 Feb 2016 at 12:49pm
(Reuters) - The Nasdaq led a selloff on Wall Street following weak forecasts from technology companies, including LinkedIn , and worries about lofty valuations.
India sets floor price for steel imports to stem flow from China
5 Feb 2016 at 9:08am
NEW DELHI (Reuters) - India on Friday set a floor price for imports of steel products to deter countries such as China from undercutting local mills, the first time it has taken such a step in over 15 years even as the country remains the world's only major growing steel market.
U.S. job growth slows, unemployment rate at 8-year low
5 Feb 2016 at 7:05am
WASHINGTON (Reuters) - U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm.
South Africa aims to lift coal exports to India
5 Feb 2016 at 6:49am
CAPE TOWN (Reuters) - South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share.
Exclusive - Iran wants payment in euros for new oil sales and old dues from I...
5 Feb 2016 at 6:35am
NEW DELHI (Reuters) - Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief.
LinkedIn set to lose $8 billion in market value after weak forecast
5 Feb 2016 at 6:13am
REUTERS - LinkedIn Corp will need to improve its profile to reconnect with investors after the social network for professionals shocked the market with a full-year revenue forecast that fell far short of expectations.
VW postpones 2015 results, AGM as scandal effects unclear
5 Feb 2016 at 5:51am
BERLIN (Reuters) - German carmaker Volkswagen said it would push back publication of 2015 results and its annual shareholders' meeting as it continues to grapple with effects of its emissions test-rigging scandal.
India says no rush on GM food but will not stand in way of science
5 Feb 2016 at 5:20am
NEW DELHI (Reuters) - India needs more data before deciding whether to permit commercial growing of its first genetically modified food crop, Environment Minister Prakash Javadekar said on Friday, but indicated it would not stand "in the way of science" despite protests.
Lupin expects diabetes drug sales to lift Q4 profit
5 Feb 2016 at 5:00am
MUMBAI (Reuters) - Lupin Ltd, India's third-largest drugmaker, reported a quarterly profit that met estimates as strong sales in its local market help offset weakness in the United States, and the company said it expects fourth-quarter earnings to improve.