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Fitch returns India to 'stable' outlook, surprising markets
Fitch Ratings returned India's sovereign outlook back to "stable" from "negative" a year after its initial downgrade, surprising markets with a validation of the government's efforts to contain the fiscal deficit and revive economic growth. Full Article
- Text: Fitch revises outlook, affirms ratings at 'BBB-'
- Expert Views: This would give some medium term respite
- Recent views of Moody's and S&P on India
Teva, Sun Pharma to pay $2.15 billion to settle Pfizer patent suit
REUTERS - Pfizer Inc said Teva Pharmaceuticals Industries Ltd and Sun Pharmaceutical Industries Ltd would pay $2.15 billion to settle a patent suit related to its acid-reflux drug.
- Apollo Tyres to buy Cooper Tire for $2.5 billion
- Wall St falls as worry rises over life without stimulus
- Madoff's UK unit was "warehouse for stolen money" - liquidators' representative
- SEBI recommends easing rules for foreign investors
Snowden to stay in Hong Kong, fight extradition
The National Security Agency contractor who revealed the government's top-secret monitoring of phone and Internet data says he intends to stay in Hong Kong and fight any effort to bring him back to the United States to face charges. Full Article
Greek PM faces revolt over state TV shutdown
Greek PM Antonis Samaras faced a political revolt from his ruling coalition partners after the government abruptly switched the state broadcaster off the air in the middle of the night. Full Article
Rafale jet deliveries to India seen by 2016
France expects to make its first deliveries of Rafale warplanes to India by 2016 or 2017, French Defence Minister Jean-Yves Le Drian was quoted as saying by financial daily Les Echos. India is negotiating to acquire 126 of the multi-role combat planes. Le Drian is set to go to New Delhi for talks about the contract, the paper said. Full Article
Socio-economic woes behind Kuwait crackdown
The narrow, cracked streets of Jleeb al-Shuyoukh district, would normally be bustling with Indian and Bangladeshi workers by late morning. But since Kuwaiti police launched a series of raids about two months ago, the streets are almost empty. The oil-rich country relies heavily on foreign workers, making up 69 percent of its population. The workers come mainly from India, Bangladesh and Pakistan. Story
Asif loses spot-fixing conviction appeal
Disgraced Pakistan pace bowler Mohammad Asif lost an appeal on Wednesday against a 2011 conviction for spot-fixing that ended his international cricket career. Full Article
Latest Headlines
- Fitch returns India to 'stable' outlook, surprising markets
- Rupee snaps five-day fall as Fitch upgrade boosts sentiment
- Boeing, U.S. FAA defend approval of 787 Dreamliner
- Global shares, dollar retreat on central bank worries
- Wall St. slides as worry lingers over future of stimulus |
- Dollar falls broadly as uncertain Fed outlook weighs
- Iran's Khamenei says big election turnout will frustrate foes
- Mandela responding better to treatment - S.Africa's Zuma
- Pakistan fighter pilot wins battle of sexes, now she's ready for war
- EXCLUSIVE - Snowden as a teen online: anime and cheeky humor
- Facebook adds 'hashtag' feature, taking a page from Twitter
- NSA director says surveillance helped stop 'dozens' of attacks
- Text: Fitch revises India outlook to stable from negative
- France threatens to block start of EU-U.S. trade talks
- Reuters poll: Janet Yellen overwhelming favourite to replace Bernanke at Fed
- Royal Bank of Canada seeks wealth acquisitions valued up to C$5 billion: CFO
- Vodafone moves for Kabel Deutschland in quad-play push
- India's Apollo Tyres to buy Cooper Tire for $2.5 billion
Economic Pulse
Rupee snaps five-day fall
The rupee rallied on Wednesday, snapping a five-session losing streak, as an upgrade by Fitch Ratings helped calm investor nerves after a series of record lows were hit in recent sessions on the back of massive debt outflows. Full Article | Track rupee
- Officials offer assurances on rupee
- Graphic: Historic movement of the rupee/dlr
- India may unveil measures to boost inflows
- CPI inflation slows to 9.31 percent in May
- Industrial output growth crawls at 2 % in April
Zuckerberg and Murdoch rock air-governance shows
Mark Zuckerberg and Rupert Murdoch breezed through their latest air-governance shows. Facebook on Tuesday held its first annual meeting as a public company while News Corp shareholders on the same day agreed to split the company. Both may have served the greater good this time, but when founders dominate the voting, as in these two cases, it’s not a given. Full Article
Actress Deepika Padukone breaks free of her Brad Pitt syndrome
Nearly six years after her model-to-actress career move, Deepika Padukone says she is finally being praised for her acting in films and not just for her good looks. Full Article
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