Financial News from Reuters

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  • Reuters Market Eye - Shares in MindTree Ltd(MINT.NS) surge 3.4 percent after the company on Wednesday said its January-March net profit rose 24 percent to 982 million rupees ($16.3 million). The company's ...

  • A bronze bull sculpture is seen as an employee walks out of the Bombay Stock Exchange building in Mumbai

    Reuters Market Eye - The BSE Sensex and Nifty rise nearly 1 percent. IT outsourcers recover from steep falls on Wednesday after Tata Consultancy Services Ltd(TCS.NS) and HCL Technologies Ltd(HCLT.NS) post ...

  • Orix Corp (TYO:8591), one of Japan's largest financial services conglomerates, and some Chinese non-bank finance companies also placed bids this week, they added. The sale of PrimeCredit is expected to be the first of several sales of non-core businesses by Standard Chartered as it seeks to boost shareholder returns and …

  • Reuters Market Eye - Shares in Tata Consultancy Services Ltd(TCS.NS)gain 1 percent after its CEO said the company expected a further rise in revenue growth in the new financial year. Still, gains were ...

  • The Fed had agreed to give Citigroup a 2015 deadline to address a series of shortcomings identified by the regulator in the wake of the 2013 test, the report said. Executives at Citigroup received mixed messages from the Fed and were taken aback after the bank failed to get the nod on its capital plan in March, the Journal …

  • The U.S. Supreme Court on Monday wades into Argentina's multi-billion dollar legal fight with bond investors who turned down two debt restructuring offers after the country's 2002 default. The relatively narrow case that the nine justices are due to hear concerns whether the investors can force banks in New York with which …

  • * Baht firms on capital inflows, 32.15/dlr seen as resistance * Singapore dollar weaker after disappointing exports (Adds text, updates prices) By Jongwoo Cheon SINGAPORE, April 17 (Reuters) - Most emerging ...

  • Hardware revenue, which includes servers and systems storage, plunged 23 percent to $2.4 billion, as sales in growth markets declined 11 percent, led by Asia-Pacific, where reported revenue declined 12 percent. In January, the company agreed to sell its low-end server business to Chinese PC maker Lenovo Group Ltd <0992.HK> …

  • Rupee opens stronger after Fed comments Reuters - 2 hours 28 minutes ago

    Reuters Market Eye - The rupee, which closed at 60.37/38 on Wednesday, opens stronger at 60.27/28 sparked by dollar selling after U.S. Fed chair's dovish comments. On Wednesday Janet Yellen, in her second ...

  • MUMBAI (Reuters) - Piramal Enterprises Ltd(PIRA.NS) said it agreed to buy a 20 percent stake in unlisted Shriram Capital Ltd for 20.14 billion rupees ($334 million), increasing its foothold in the financial ...

  • Malaysia's closing tin prices for April 17 Reuters - 2 hours 35 minutes ago

    KUALA LUMPUR, April 17 (Reuters) - Following is a table of Kuala Lumpur tin market prices provided by a Malaysian trader. (Prices in $/tonne, and volumes in tonnes unless stated) Date KL Premium/ Spot ...

  • People walk in front of the HCL Technologies Ltd office at Noida

    IT services exporter HCL Technologies(HCLT.NS) beat market expectations with a 59 percent rise in March-quarter profit, helped by increasing demand for outsourcing services. Consolidated net income for the three months ended March 31 rose to 16.24 billion rupees from 10.2 billion rupees in the same period a year earlier, …

  • HCL Tech shares gain on better earnings Reuters - 2 hours 58 minutes ago

    MUMBAI (Reuters) - Shares in HCL Technologies(HCLT.NS) rise after the company reported a better-than-expected net profit for January-March quarter on the back of increasing demand for outsourcing services. ...

  • REUTERS - China's Weibo Corp (WB.O) will be valued at a lower-than-expected $3.46 billion when it goes public on the Nasdaq on Thursday, amidst concerns about the microblogging service's slowing user growth ...

  • A man visits Sina's Weibo microblogging site in Shanghai

    The Twitter-like microblogging service, owned by web portal Sina Corp, sold 16.8 million American Depositary Shares (ADSs) for $17 apiece, raising $285.6 million, an underwriter told Reuters. Weibo will add to the list of Chinese companies flocking to the U.S. IPO market in their biggest numbers since 2010, drawn by soaring …

  • The move completes a cleanup operations that ended in Florida, Alabama and Mississippi last June, BP said in a statement on Tuesday. The 2010 disaster in the Gulf of Mexico killed 11 rig workers and spilled 4 million barrels of oil in the worst offshore spill in U.S. history. "BP has spent more than $14 billion and more …

  • BEIJING (Reuters) - China's economy is faring better than released data shows and, while there is a need to be cautious over the trade outlook, the country is likely to achieve its trade growth target ...

  • NEW DELHI/SINGAPORE (Reuters) - Essar Oil(ESRO.NS) has reduced its gasoline output due to a technical problem at a continuous catalytic reformer (CCR), a company spokesman said. "Yes, there is a technical problem with our CCR. Essar operates a 900,000 tonne-per-year CCR at its 400,000 barrels-per-day Vadinar plant in …

  • Asian share markets eked out gains on Thursday as dovish comments from the head of the U.S. Federal Reserve combined with an upbeat economic assessment from the central bank to lift Wall Street for a third straight session. However, disappointing results from Google and IBM knocked their shares lower after the bell and …

  • PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its initial public offering near the bottom of the pricing range indicated earlier, two sources with knowledge of the matter said. Underwriters have recommended POSH to price the deal at S$1.15 a share against an indicative …

  • Sony Corp said on Wednesday it sold more than 7 million PlayStation 4 videogame consoles in just over four months to April 6, double the number of the older version, PlayStation 3, sold in about the same time frame after its launch. Sony is struggling to keep pace with demand for the videogame console, the Japanese company …

  • Google signage seen at the company's offices in New York

    Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks. IBM blamed weak hardware sales for its lowest quarterly revenue in five years, worsened by …

  • April 17 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0140 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0140 GMT Currency Latest bid Previous day Pct Move ...

  • An employee answers phone calls at the switchboard of the Google office in Zurich

    Google Inc's first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices. Shares of Google were down 3 percent to $539.80 in after hours trading on Wednesday, after …

  • Mayer's effort is in advanced stages, with a detailed pitch already prepared for Apple executives, the website said.

  • SINGAPORE (Reuters) - Gold held steady just above $1,300 an ounce on Thursday supported by tensions in Ukraine, but the metal was at the risk of adding to recent losses as the world's biggest gold-backed ...

  • DETROIT/WASHINGTON (Reuters) - General Motors engineers reported accidentally turning off ignition switches in a Cadillac SRX with their knees more than eight years ago, and they ordered a similar fix to a similar problem in smaller, cheaper cars linked to 13 deaths, according to documents from parts maker Delphi Automotive. …

  • Asian share markets were trying to rally on Thursday as dovish comments from the head of the U.S. Federal Reserve coupled with an upbeat economic assessment from the central bank to lift Wall Street for a third straight session. However, disappointing results from Google and IBM knocked their shares lower after the bell …

  • The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday. FUNDAMENTALS * Malaysian palm oil futures extended gains to hit their highest in three ...

  • DIARY - Malaysia Reuters - 6 hours ago

    + ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS THURSDAY, APRIL 17 KUALA LUMPUR- KLCC Property Holdings press conference in conjuction with the KLCC REIT first annual general ...

  • The United States on Wednesday urged the Indian government that emerges from ongoing elections to follow economic policies that encourage investment, saying Washington would like to see bilateral trade grow to $500 billion a year. Nisha Biswal, U.S. assistant secretary of state for South and Central Asia, said future economic …

  • A media crew conducts an interview to a pedestrian as he looks at an electronic board showing stock prices outside a brokerage in Tokyo

    Confidence at Japanese manufacturers grew in April for the first time in three months, and a more moderate dip is seen over the next three months, Reuters poll showed, suggesting the impact on economic growth from a sales tax hike may be less pronounced than earlier thought. The monthly Reuters Tankan, which closely correlates …

  • Citigroup Inc, which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis. Of the top six U.S. banks, only Citigroup and Wells Fargo & Co do not allow investors to listen to live audio from their annual meetings. Analyst Mike Mayo told Reuters on Wednesday that Citigroup's …

  • Express newspapers owner Richard Desmond smiles as he leaves after giving evidence to the Leveson Inquiry at the High Court in London

    NEW YORK/LONDON (Reuters) - Discovery Communications has dropped out of bidding to buy Britain's free-to-air Channel 5, according to two sources familiar with the matter. Discovery, which has been aggressively expanding outside of the United States in television, had been in talks with British Sky Broadcasting Group Plc …

  • A Yahoo logo is pictured in front of a building in Rolle

    The three members include billionaire Charles Schwab, namesake chairman and chief executive of discount broker Charles Schwab Corp. The other two are David Filo and Lee Scott, the company said in a statement. Filo, who is rejoining the board, co-developed Yahoo in 1994, the company said. H. Lee Scott, Jr. served as president …

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