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Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes
Published on Friday, October 24, 2014 5:27 PM

LONDON/NEW YORK - U.S. drugmaker Pfizer is to continue buying back stock, with the board authorising a new $11 billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca.

Shares in AstraZeneca fell 1.2 percent by 0800 GMT on Friday following the news.

Th ...

Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes
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Wal-Mart India appoints Murali Lanka operations chief
Published on Friday, October 24, 2014 2:33 PM

MUMBAI  - Wal-Mart Stores Inc's India unit said it had appointed company veteran Murali Lanka to the newly created position of chief operations officer to lead store operations and business development in the world's second most populous country.

Lanka, who in his earlier five-year stint with Wal ...

Wal-Mart India appoints Murali Lanka operations chief
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Reuters Poll - India's growth pace to pick up as reforms draw investment
Published on Friday, October 24, 2014 1:55 PM

By Rahul Karunakar and Ashrith Doddi

BANGALORE  - India's economy will likely grow at its fastest pace in two years in the current fiscal year as Prime Minister Narendra Modi implements reforms to attract investment, a Reuters poll of economists showed on Friday.

The after-glow from ...

Reuters Poll - India's growth pace to pick up as reforms draw investment
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Most external members suggested rate cut in RBI's Sept review
Published on Friday, October 24, 2014 10:21 AM

MUMBAI  - A majority of the external members in the Reserve Bank of India's monetary policy committee suggested the repo rate be cut by at least 25 basis points at the review on Sept. 30, according to minutes released by the central bank on Wednesday.

However, RBI Governor Raghuram Rajan decided to k ...

Most external members suggested rate cut in RBI's Sept review
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Gold slips, poised for weekly loss on strong U.S. data, dollar
Published on Friday, October 24, 2014 10:21 AM

By A. Ananthalakshmi

SINGAPORE  - Gold dipped for a third session in a row on Friday and was set to snap a two-week winning streak as a firmer U.S. dollar and robust economic data dented the metal's appeal as a hedge.

Bullion's dip comes despite a tumble in U.S. stock futures and ...

Gold slips, poised for weekly loss on strong U.S. data, dollar
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Global stocks surge on U.S corporate results, bonds fall..
Published on Thursday, October 23, 2014 9:18 PM

By Herbert Lash

NEW YORK  - Global equity markets rose on Thursday, with stocks on Wall Street surging more than 1 percent as U.S. corporate results continued to beat expectations, while government debt prices fell on encouraging American and German economic reports.

Caterpillar Inc and 3M Co, both Dow c ...

Global stocks surge on U.S corporate results, bonds fall..
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Sensex gains in special trading session on Diwali
Published on Friday, October 24, 2014 9:56 AM

MUMBAI - The BSE Sensex and the Nifty rose in a special "muhurat" trading session for Diwali on Thursday, led by gains in Suzlon Energy Ltd. while hopes for continued foreign fund inflows into the country also boosted sentiment.

Sentiment for stocks remains supported by hopes for more economic refor ...

Sensex gains in special trading session on Diwali
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Wipro sees rosier end to year as U.S. clients spend
Published on Friday, October 24, 2014 10:17 AM

By Aby Jose Koilparambil and Subrat Patnaik

BANGALORE - India's third-biggest software services firm Wipro Ltd, under pressure to improve lacklustre sales growth, said it saw a rosier end to the year as more confident U.S. clients increase spending.

Wipro, which provides outsourcing servi ...

Wipro sees rosier end to year as U.S. clients spend
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Fears for tough penalties grow as India cleans up business
Published on Wednesday, October 22, 2014 5:22 PM

By Rafael Nam and Abhishek Vishnoi

MUMBAI - An unprecedented ban on India's largest property developer from tapping capital markets has fuelled expectations of tougher penalties ahead, as the country's regulators feel emboldened to take on even companies long sheltered by political connections.
...

Fears for tough penalties grow as India cleans    up business
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