Reuters: Money News

Protests over inflation as govt mulls fuel price hike

Wed, 10 Feb 2010 17:52:21 +0530

NEW DELHI (Reuters) - Opposition-driven protests over rising food prices erupted near parliament and in some towns of Orissa on Wednesday, posing a political challenge to the government's plans to liberalise fuel prices.

Markets give Greece respite on rescue hopes

Wed, 10 Feb 2010 16:38:49 +0530

ATHENS (Reuters) - Financial markets gave heavily indebted Greece a breather on Wednesday on growing expectations of a European Union rescue as civil servants staged the first major strike against Athens' crisis-driven austerity measures.

Oilmin to submit fuel price review on Wednesday

Wed, 10 Feb 2010 13:00:57 +0530

NEW DELHI (Reuters) - India's oil ministry will send its recommendations on a proposal to review fuel pricing to the cabinet later on Wednesday, the oil minister, Murli Deora, told reporters.

ArcelorMittal forecasts slow steel recovery in Q1

Wed, 10 Feb 2010 16:40:56 +0530

BRUSSELS (Reuters) - ArcelorMittal, the world's top steelmaker, said its markets would improve only slowly with higher shipments but lower prices in early 2010, and its profit forecast fell short of market expectations.

Kingfisher Air gets approval for 7 new international routes

Wed, 10 Feb 2010 17:54:20 +0530

MUMBAI (Reuters) - Kingfisher Airlines Ltd said on Wednesday it had received government approval to operate on seven new international routes.

Honda's India bike unit planning to expand

Wed, 10 Feb 2010 16:17:35 +0530

MUMBAI (Reuters) - Japan's Honda Motor Corp's fully owned Indian bike unit plans to expand capacity to meet robust demand in a market that is growing about 20 percent annually, a company official said on Wednesday.

Telenor sees lower margins in 2010, shares slip

Wed, 10 Feb 2010 16:51:47 +0530

OSLO (Reuters) - Norway's Telenor ASA said margins would fall in 2010 even as mobile telephony spending picks up from crisis levels, eclipsing better-than-expected fourth quarter results and sending its shares lower.

FOCUS - Steelmakers look overseas to ride car boom

Wed, 10 Feb 2010 16:53:29 +0530

MUMBAI (Reuters) - Indian steelmakers are forging alliances with their overseas counterparts to develop specialisation in auto-grade steel to capitalise on the country's growing status as a small-car hub, analysts and officials said.

FY10 GDP growth at 7.75 pct - Pranab Mukherjee

Wed, 10 Feb 2010 16:19:57 +0530

NEW DELHI (Reuters) - The finance minister on Wednesday pegged 2009/10 economic growth at around 7.75 percent, higher than the government's forecast, and a top adviser said the coming budget could provide a map for exiting stimulus measures.

Honda expands airbag recall as more Toyotas probed

Wed, 10 Feb 2010 15:20:46 +0530

TOKYO/DETROIT (Reuters) - Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis.