Major Chinese Lenders ICBC, AgBank, BoC, BoCom Post Quarterly Earnings; Report Rise In Revenues
AgBank’s September quarter profits rose the most among peers such as ICBC, BoC and BoCom.
Euro Zone Economic Sentiment Beats Expectations, Rises For Sixth Straight Month; German Unemployment Rate Steady
The gains point to a modest recovery in the beginning of the fourth quarter, but the overall outlook remains sluggish.
Spain’s Q3 GDP Shows Formal Exit From Two-Year-Long Recession
The economic growth was attributed to developments in the country’s external sector.
Tom Wheeler Receives Senate Confirmation To Head FCC
The Obama nominee’s appointment was confirmed by the Senate after Sen. Ted Cruz withdrew his opposition.
JPMorgan Chase Seeks Protection From Future Criminal Charges, Stalling $13B Settlement With Justice Department: Report
The bank’s $13 billion deal with the Justice Department dissolves civil charges but criminal charges could be brought in the future.
Food Stamps Cut Starts On Friday As No Plans Yet To Restore Funding
About 47 million poor Americans, almost half of them children, will suffer the effects of the budget reduction.
Infosys Set To Be Slapped With Record Fine Of $35M In US For Visa Abuse: Report
The Indian outsourcing firm may have to pay $35 million for using B-1 visas in place of H-1B visas to bring workers into the U.S.
Petrobras Close To Selling Peru Assets To China National Petroleum Corporation, or CNPC, For $2B: Report
Petrobras, which will begin exploring a deep-water oil discovery off Brazil's coast, is trying to raise cash for its projects at home.
Reserve Bank Of India Raises Key Interest Rate Amid High Inflation, Tapers Emergency Measure Aimed At Propping Up Rupee
The second consecutive interest rate hike comes amid stubborn inflation, which is likely to remain high in coming months.
Consol Sells 5 Of Its Most Expensive Coal Mines To Murray Energy For $3.5B Amid Regulatory Push To Cut Carbon Emissions
The sale of the mines comes amid the U.S. government’s attempts to impose limits on carbon emissions on power plants.
Boeing 787 Dreamliner Flight Hit By Snag, Air India’s New Delhi-Bound Flight Returns To Melbourne, Australia
The plane returned to Melbourne, from where it originated, and resumed the flight to New Delhi after the issue was fixed.
Wal-Mart Continues US Lobbying To Enter Indian Retail Despite Indian Government Probe Against The Practice
The retail giant’s efforts to influence lawmakers have sparked uproar in the past in India, where lobbying is considered bribery.
India Overhauling Strategic Rail, Road Lines Near Disputed Borders With Pakistan, China For Faster Troop Movements
India acknowledged in September that China had an upper hand in terms of infrastructure near the border.
Iran Takes Down Anti-American Posters In Tehran
One poster shows a U.S. official negotiating in a formal jacket, paired with military trousers and boots, and reads: “American honesty.”
Up To 80% Of Rice Produced In Southeast Asia Wasted: Report
The loss of about 180 million tons a year of rice also represents poor use of land, energy and water resources, a U.K.-based group warned.
Kraft Recalls String Cheese Products Due To Premature Spoilage
About 735,000 cases of the affected products were shipped across the U.S.
Southwest Airlines Could Scrap Free Baggage Checks If That's What Customers Want: CEO
U.S. airlines earned nearly $3.5 billion in fees from checked-in bags in 2012, up from $464 million in 2007.
UK Third Quarter GDP Growth Highest Since 2010
The UK may have grown the fastest among the world's top seven economies in the September quarter, according to analysts.
German IFO Business Index Drops Unexpectedly In October
The decline highlights the fragile recovery in the euro zone's biggest economy.
Caucasus And Central Asian Countries At Risk From Slowing Growth In Emerging Markets: IMF
The energy sector-driven Central Asian nations are growing but it could be a while before they move closer to pre-2008 growth rates.
India's Biocon Reports Profits Rise 14% In September Quarter Beating Expectations
The Bangalore-based company’s revenue growth was driven by an expansion in emerging markets and contract research business.
Bangladesh Garment Industry Disaster Survivors Still Awaiting Compensation On 6-Month Anniversary Of Rana Plaza Collapse
The world’s worst garment-industry tragedy has left survivors dealing with physical and mental trauma, without adequate compensation.
Euro Zone Service Sector Disappoints In October, Upbeat Spanish Jobless Data Point To Slow Recovery From Recession
However, the poor performance may be a blip and should not raise doubts about the euro zone's overall recovery.
Pakistan Secretly Approved Of US Drone Strikes Despite Public Calls To Halt The Attacks: Report
CIA documents reveal that U.S. drone attacks, which are unpopular among Pakistani citizens, have covert support of the Pakistani government.
Jet Airways’ Record High Quarterly Loss Puts Indian Aviation Sector Troubles Under Spotlight
The pricing strategy of domestic carriers, which is heavily partial to undercutting competitors is hurting their business, analysts say.
Chinese Manufacturing Activity Jumps To 7-Month High, HSBC-Markit Flash PMI Shows
The uptick in manufacturing suggests the possibility of a strong pick-up in growth in the fourth quarter.
China, India Sign Border Pact, But Visa Pact Remains Elusive
The two nuclear-armed neighbors signed nine agreements during Prime Minister Manmohan Singh’s visit to Beijing.
UK’s Growth In Second Half Of 2013 Expected To Be Stronger Than Previously Estimated
The bank's policy meeting also showed concern about the short-term future of the euro zone and the impact of the U.S. government shutdown.
Drone Strikes Do Not Violate International Law, US Reiterates Amid Criticism
To do nothing in the face of terrorism would invite far more civilian deaths, a US spokesperson said, reiterating Obama’s remarks in May.
Broadcom To Cut 1,150 Jobs Amid Grim Fourth-Quarter Projection As The Chip Maker Struggles To Keep Up With LTE Innovation
The Q4 revenue forecast of the chip maker, which has been struggling amid rapid advancement in hand-held devices, missed expectations.
