* Says has started preparing for IPO * Needs certainty around valuation of India business (Adds quotes, details and background) MUMBAI, May 22 (Reuters) - British mobile operatorVodafone's Indian unit ...

1405: Risers outnumber fallers among Footsie constituents by six to one. Among the laggards are defensive stand-bys such as tobacco companies BATs and IMPs, and supermarkets Morrisons and Tesco. Property ...

NEW DELHI, May 22 (Reuters) - India's state-owned PEC Ltdhas bought 5,000 tonnes of refined, bleached and deodorisedpalmolein at $1,049 per tonne, two trade sources said onTuesday, lower than the last ...

* Fitch cuts Japan debt rating, outlook negative * OECD sees euro crisis threatening world recovery * Facebook shares down more than 3 pct in premarket trade * Futures: S&P down 0.2 pt, Dow off 7 pts, ...

Thomas Cook, the struggling package tour operator, has sold its 77% stake in Thomas Cook India to a subsidiary of the financial services firm Fairfax Financial Holdings. The sales will net Thomas Cook ...

PALM DESERT, Calif.--(BUSINESSWIRE)-- Apple Maintains the Top Position for Fifth Year in a Row Winners Announced at Gartner Supply Chain Executive Conference, May 21-23, at the JW Marriott Desert Springs ...

(Updates with LME comment) LONDON, May 22 (Reuters) - U.S. exchange group CME is no longer in the bidding for London Metal Exchange, leavingInterContinental Exchange and Hong Kong Exchanges andClearing ...

-IIF estimates Spanish banks will need €55bn in worst scenario. -Spiraling Europe crisis could hurt world economy -OECD -OECD raises US 2012 GDP forecast -OECD lowers 2012 Eurozone forecast to -0.1% from ...

* U.N. nuclear chief sees deal with Iran "quite soon" * OECD says euro debt crisis could derail global recovery * EU leaders meet on Wednesday to tackle debt crisis * U.S. crude stocks up, products ...

SINGAPORE, May 22 (Reuters) - Asia's naphtha price andmargins were at a six-month low of $869 a tonne and $55.85 atonne respectively as demand is expected to spiral down oncracker run cuts in South Korea ...

By Swati Bhat MUMBAI (Reuters) - The rupee hit a record low to the dollar for the fifth straight session on Tuesday, weighed down by large dollar demand from oil firms and weak global risk sentiment, especially ...

The Euro sculpture in front of the European Central Bank in Frankfurt. Europe came under mounting pressure to take action to boost growth as the OECD warned the eurozone crisis has worsened and poses the ...

MUMBAI (Reuters) - Demand for gold in India, one of the world's top consumers, stayed muted on Tuesday after prices in the local market rose as the rupee fell to a record low, increasing the cost of imports. ...

(Updates with official prices) * China signals willingness to promote growth * EU to hold informal summit on Wednesday * Coming Up: Euro zone consumer confidence, May; 1400 LONDON, May 22 (Reuters) - Copper ...

SINGAPORE, May 22 (Reuters) - Asia's fuel oil market strengthened further on Tuesday, withcash premiums for the 380-centistoke (cst) grade climbing to its highest in three months. There were no physical ...

* Best Buy shares jump 7 pct following results * Fitch cuts Japan debt rating, outlook negative * OECD sees euro crisis threatening world recovery * Futures up: S&P 4.1 pts, Dow 13 pts, Nasdaq 9.5 pts ...

By Abhishek Vishnoi MUMBAI (Reuters) - The BSE Sensex fell on Tuesday, snapping three sessions of gains, as the rupee dropped to a new record low while global risk aversion also weighed on sentiment after ...

A trader at work at the German DAX index in Frankfurt. European stocks rose, building on the previous day's recovery from recent sharp losses, in the hope that EU leaders will firm up action on tackling ...

By Manoj Kumar JALANDHAR (Reuters) - Buried in recent monthly data for wholesale prices in India, the wild gyrations of a humble vegetable tell the tale of an economy trapped in inflation by its own rigidities. ...

SINGAPORE, May 22 (Reuters) - Asian medium sulphur gasoil premiums shot upto a nearly four-month high on Tuesday, as demand from Vietnam persists amid arefinery shutdown expected to last up to a month. ...

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By Stanley White TOKYO (Reuters) - Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb ...

By Richard Hubbard LONDON (Reuters) - World shares gained for a second day on Tuesday as speculation grew that European leaders would agree on fresh action to tackle the region's debt crisis at an informal ...

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Oil recoiled, hit by profit-taking and the stronger dollar on the eve of an informal meeting in Brussels where the eurozone's crippling sovereign debt crisis will top of the agenda.

* Equities rise on EU talk, China spending report * But scepticism over a deal keeps the euro under pressure * German bund futures ease as traders pocket profits LONDON, May 22 (Reuters) - World shares ...

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Japan's sovereign rating was cut by one notch by Fitch on Tuesday as a political stalemate dims the chance that the country can curb its snowballing debt.

By Kate Holton LONDON (Reuters) - Mobile operator Vodafone (VOD.L) made a writedown of 4 billion pounds and cut its medium-term sales target as the debt crisis squeezed customers in southern Europe, forcing ...

* Fitch cuts Japan debt rating, outlook negative * OECD sees euro crisis threatening world recovery * Nasdaq to set aside $13 mln to resolve bad trades * Futures off: S&P 0.6 pts, Dow 9 pts, Nasdaq 4.5 ...