Markets

"All I saw was smoke and people running" -Exxon Mobil refinery worker

An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery near Los Angeles Wednesday. Four workers sustained minor injuries. A small ground fire following the

Feb 19, 2015

HSBC Swiss office raided

This won't be the most dramatic raid on a bank you'll ever see - but the implications of it could be enormous. Geneva's public prosector, Yves Bertossa, making his way to the lakeside offices of HSBC

Feb 18, 2015

Greece alone on ''loan agreement''?

Greek prime minister Alexis Tsipras meets with the country's president Karolos Papoulias. It comes ahead of a Greek vote for a new president. But Tsipras had more pressing issues on his mind.

Feb 18, 2015

Profit surges at Hilton, Hyatt

More travelers paying higher rates for rooms drove revenue and profit sharply higher at HIlton Worldwide. Business travel spurred by the strong U.S. economy drove up occupancy at the owner of the

Feb 18, 2015

Sachin Tendulkar launches BMW i8 sports car

Mumbai, Feb 18 (ANI): Cricket legend, Sachin Tendulkar, launched the new BMW i8 hybrid sports car in showbiz capital Mumbai on Wednesday. The i8 is the first car from BMW 'I' series that is introduced to the Indian car market. The car will be sold in Mumbai, New Delhi and Chennai only and is the first BMWs sports and hybrid car. The car is powered by a 1.5 -litre turbo petrol engine (231bhp) and a 131bhp electric motor, which together produce 362bhp of power. This engine comes mated to a six-speed StepTronic transmission. Running on battery power, it achieves a top speed of 120 km/hr and will travel only for 35 kilometres at one go.

Feb 18, 2015

Record migration tests EU policy stance

A helping hand for migrants arriving in Sicily after a dangerous voyage from North Africa. Europe must give refuge where it's needed. That's one argument. The other is that it's a burden too big to

Feb 18, 2015

Hungary Putin deal raises EU questions

Muted applause, but warm handshakes, as Hungary and Russia sign a new gas deal. An accord that sees Vladimir Putin agree to keep supplying gas to Hungary, extending a contract that was due to expire

Feb 18, 2015

BSE closes points 162.88 up on Feb 18

New Delhi, Feb 18 (ANI): Trading at the Bombay Stock Exchange today closed 162.88 points up to stand at 29,298.76. At the National Stock Exchange the Nifty closed 56.95 points up to stand at 8,866.30. SUZLON and RTN POWER were among the top gainers of Group A with an increase of 16.34% and 15.35% along with PIPAVAVDOC and MRPL with an increase of 14.18% and 9.25% respectively, while the top losers of Group A include RURAL ELECTRIFICATION CORPORATION LTD and HERO MOTOCORP LTD. with a decrease of 6.78% and 4.94% along with PMCFIN and NMDC with a decrease of 4.89% and 4.50% at the close of the markets. The Auto sector is up 193.03 points at 19,867.25 while the banking sector is up 105.78 points at 22,088.77 and the reality sector is down at 9.30 points at 1,728.46. The Indian currency is down 0.25% at Rs 62.31 per dollar.

Feb 18, 2015

Ageing China is a shot in the arm for investors

They say that healthcare is a recession-proof industry. Over in China, while the economy is slowing, the nation is preparing itself to cater to hundreds of millions of elderly patients. Mainland

Feb 18, 2015

Oil, naira drag on Nigeria

Nigeria's economy had been motoring. But weaker oil prices and a slide in the currency has forced the government to trim expenditure. Economic growth for 2014 is now seen at 5.5 percent down from a

Feb 18, 2015

Hong Kong property hits record high

Hong Kong's Peak is home to some of the world's most coveted real estate, and a new sale has brought the city's gravity-defying residential prices into focus. (SOUNDBITE) (English) REUTERS REPORTER,

Feb 18, 2015

Aero India 2015 LIVE: Modi Not Content With Assembling Defence Equipment, Wants Tech Transfer

The Aero India Expo kicks off in Bangalore to record participation by defence vendors

Feb 18, 2015

Asia Week Ahead: HSBC results after the holiday

(SOUNDBITE) (English) REUTERS REPORTER, PAMELA AMBLER, SAYING: "Here's what to expect on the day the markets re-open after the holiday- Monday, February 23rd." The Bank of Japan will issue minutes

Feb 18, 2015

S&P chalks up yet another record

You'd think the collapse of the Greek debt talks would deter investors from buying stocks. But it didn't. The S&P 500 rose to another all-time high as the Dow neared its record high. U.S. Bank senior

Feb 18, 2015

Toy Fair's toymakers vie for business

Noah Gordon is hitting the annual Toy Fair in New York City for the first time. A cop from North Carolina, he's hoping, like the sea of fellow exhibitors, that his toy... (SOUNDBITE) NOAH GORDON,

Feb 18, 2015