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Deflation? Oil's 45 pct rebound could be markets' next headache
27 Apr 2015 at 4:51am
LONDON (Reuters) - Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.
World shares hit new high, Europe shrugs off Greece worry
27 Apr 2015 at 4:49am
LONDON (Reuters) - World shares hit a new high on Monday, with European stocks joining the rally after early falls, as investors looked ahead to central bank meetings this week and put aside worries over Greece.
Greek govt reshuffles EU/IMF negotiating team after Riga debacle
27 Apr 2015 at 4:48am
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, after his finance minister was sharply criticized for his performance at a euro zone meeting last week.
BofA raises oil price forecasts for 2016
27 Apr 2015 at 4:46am
REUTERS - Bank of America Merrill Lynch has revised upward its oil price forecasts for 2016, but said it remained bearish amid oversupply, weak demand from emerging markets, a return of U.S. shale production and expectations of a deal on Iran.
Fitch downgrades Japan, joins Moody's in warning on fiscal policy
27 Apr 2015 at 4:10am
TOKYO (Reuters) - Fitch Ratings downgraded Japan's credit rating by one notch after the government failed to take steps in this fiscal year's budget to offset a delay in a sales tax increase, the agency said on Monday.
ICICI Bank Q4 profit beats forecast, sees bad loans situation improving
27 Apr 2015 at 3:54am
MUMBAI (Reuters) - ICICI Bank Ltd , India's biggest private sector lender by assets, said it expects the new financial year to be better in terms of bad loans, after reporting an increase in sour assets in its fiscal fourth quarter.
Investors question Deutsche Bank's overhaul
27 Apr 2015 at 3:33am
FRANKFURT (Reuters) - Deutsche Bank's biggest strategic overhaul under co-chief executives Anshu Jain and Juergen Fitschen got a thumbs down from investors on Monday who judged it too little too late.
Nifty closes at 3-1/2 month low, falls below 200-DMA
27 Apr 2015 at 3:30am
MUMBAI (Reuters) - Indian shares closed at their lowest in more than three-and-a-half months on Monday, with the Nifty falling below its 200-day moving average for the first time in nearly 15 months, led by declines in blue chips on continued worries about retrospective taxes and lower-than-expected January-March earnings so far.
Maruti Suzuki Q4 profit up 61 percent, beats forecast
27 Apr 2015 at 1:31am
NEW DELHI (Reuters) - Maruti Suzuki Ltd reported a 61 percent increase in net profit for the fiscal fourth quarter ended March as improving consumer sentiment pushed up passenger vehicle sales for India's top selling car maker.
For hard-hit silver miners, gold is the silver lining
27 Apr 2015 at 12:54am
VANCOUVER (Reuters) - Pure-play silver miners, a niche investment market popular with retail investors, are moving up the endangered list.
VW board members demanded Piech go after learning of secret plot
27 Apr 2015 at 12:29am
BERLIN/FRANKFURT (Reuters) - Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board.
Cap Gemini to buy U.S.-based IGATE for $4 bln, raises 2015 outlook
27 Apr 2015 at 12:21am
PARIS (Reuters) - Cap Gemini plans to buy United States-based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday.
India seeks first cut in LNG imports under Qatar deal - source
26 Apr 2015 at 11:55pm
NEW DELHI (Reuters) - India is in talks with Qatar to import at least 10 percent less liquefied natural gas (LNG) under a long-term deal after a slide in spot prices has cut demand by local buyers, an Indian government source with knowledge of the negotiations said.
Global shifts leave India's exporters exposed to lofty rupee
26 Apr 2015 at 10:34pm
BENGALURU (Reuters) - The rupee has climbed to heights seen only once before in the past decade, as measured against the currencies of the country's trading partners. Unlike past periods of strength, it has exporters reeling.
Big China steel thrives, stoking export fears
26 Apr 2015 at 9:15pm
SHANGHAI (Reuters) - Plunging iron ore prices are providing a lifeline for some of China's biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India.