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Updated: 11 hours 58 min ago

Cipla third-quarter profit falls as lean India sales, tax cost weigh

Wed, 02/06/2019 - 12:36
Cipla Ltd, India's second-largest generic drugmaker by market capitalisation, reported on Wednesday a 17.1 percent drop in quarterly profit, dragged down by higher tax expenses and weak sales in domestic market.

Sensex, Nifty end higher for fifth session

Wed, 02/06/2019 - 12:34
Indian shares ended higher for a fifth straight session on Wednesday, with gains across most verticals, as investor sentiment was buoyed by a slew of upbeat quarterly results ahead of a key central bank policy meet which concludes on Thursday.

Sensex ends higher for fifth session

Wed, 02/06/2019 - 12:28
Indian shares ended higher for a fifth straight session on Wednesday, with gains across most verticals, as investor sentiment was buoyed by a slew of upbeat quarterly results ahead of a key central bank policy meet which concludes on Thursday.

France and Germany to launch first contracts on future combat jets

Wed, 02/06/2019 - 12:25
France and Germany will on Wednesday announce a 65 million euro ($74 million) contract financed equally by both countries over two years as the first act of the joint programme to design a next-generation combat jet, a French army source and two other sources familiar with the matter said.

Switzerland's Sunrise in takeover talks for Liberty Global unit

Wed, 02/06/2019 - 12:11
Switzerland's Sunrise Communications Group has confirmed it is in talks over a potential acquisition of broadband provider Liberty Global's Swiss business UPC Schweiz.

Credit Suisse warns of higher tax rate under new U.S. rules

Wed, 02/06/2019 - 12:10
Credit Suisse expects a higher tax rate for 2018 than previously forecast, it said on Wednesday, citing U.S. tax changes aimed at preventing companies from shifting profits abroad.

Lupin posts third-quarter loss on charge related to blood pressure drug

Wed, 02/06/2019 - 11:58
Indian drugmaker Lupin Ltd posted a surprise quarterly loss on Wednesday after taking a one-time charge related to litigation over a blood pressure drug.

GE to pay $57 million for missing French job target: ministry

Tue, 02/05/2019 - 14:35
General Electric is to pay 50 million euros ($57 million) for failing to meet a job creation target agreed when it took over French group Alstom's energy business, the French Finance Ministry said on Tuesday.

Draghi's long farewell may delay ECB guidance move: sources

Tue, 02/05/2019 - 14:33
Some European Central Bank policymakers are reluctant to alter their guidance on interest rates as a move could tie the hands of the bank's next president many months before an appointment is even made, four sources close to the matter said.

"Bumblebee" drives Viacom profit beat; revenue just short

Tue, 02/05/2019 - 14:31
Viacom Inc beat analysts' estimates for profit on Tuesday, boosted by higher fees from U.S. cable and satellite operators and the success of "Transformers" reboot "Bumblebee".

Oil falls, torn between poor U.S. factory data and tighter supply

Tue, 02/05/2019 - 14:31
Oil prices fell on Tuesday, a day after data showing a decline in U.S. factory orders dragged both benchmarks down from 2019 highs.

India's tea output dips on erratic weather, exports drop: board

Tue, 02/05/2019 - 14:21
India's tea production nudged 0.8 percent lower in 2018 from a year ago to 1311.63 million kg, trimming exports from the world's biggest black tea producer by 1.1 percent, the state-run Tea Board said on Friday.

In squeezed oil industry, some rethink hunt for new barrels

Tue, 02/05/2019 - 14:14
New partnerships are emerging in the global hunt for oil discoveries, with some explorers essentially offering an outsourcing service for the riskiest part of the energy business.

Exclusive: Indian steel firms seek higher duties on steel imports as prices drop

Tue, 02/05/2019 - 14:05
Indian steel firms are putting pressure on the government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, industry executives and government sources said.

Trading house Mitsubishi maintains full-year profit forecast

Tue, 02/05/2019 - 13:55
Japan's biggest trading house Mitsubishi Corp on Tuesday posted a 6 percent rise in its April-December net profit thanks to higher income from energy operations, and stuck to its record profit forecast for the year despite one-off losses.

Hindustan Petroleum third-quarter profit dives 87 percent on higher expenses

Tue, 02/05/2019 - 13:51
State-owned refiner Hindustan Petroleum Corp Ltd (HPCL) on Tuesday posted an 87.3 percent slump in third-quarter profit, dented by higher expenses.

Gold deal rush sweeps by broader mining sector

Tue, 02/05/2019 - 13:43
The wave of consolidation sweeping the gold mining sector is for now passing the wider sector by as diversified majors have delivered returns to keep shareholders happy and investors are wary of repeating past mistakes, executives said.

Euro zone business growth ground to a halt in January: PMI

Tue, 02/05/2019 - 13:39
Euro zone businesses expanded at their weakest rate since mid-2013 at the start of the year as demand fell for the first time in four years, with a manufacturing slowdown spreading to services, a survey showed on Tuesday.

Loose money era leaves trail of U.S. corporate debt junkies

Tue, 02/05/2019 - 13:32
Many U.S. companies that gorged on cheap debt with forgiving terms over the last decade now find themselves shackled by it, spending much of their earnings paying off lenders rather than investing in their businesses or hiring.

Gold prices edge up, but improved risk-appetite caps gains

Tue, 02/05/2019 - 13:20
Gold inched up on Tuesday as investors made purchases after prices touched nearly one-week lows in the previous session, but growing appetite for riskier assets capped bullion's gains.