BUSINESS

The Reserve Bank of India (RBI) left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs.

Asian stock markets ended mixed Monday after they rallied to a four-month high in the previous session following the U.S. Federal Reserve's move to boost growth in the world's largest economy with a third round of bond purchases.

The U.S. stock index futures point to a lower open Monday after the rally seen last week following the announcement of the Federal Reserve's plan to buy mortgage securities.

European markets fell Monday as investor sentiment turned negative after fears of the debt crisis affecting the euro zone were revived undermining the optimism over the stimulus measures announced by policymakers to bolster economic growth.

As the launch date for Apple iPhone 5 comes closer, customers who placed the first preorders for iPhone 5 are noticing updates that point to their orders being shipped from China, AppleInsider reported.

In a surprise move, the Reserve Bank of India Monday cut the cash reserve ratio by 25 basis points while keeping the other key rates unchanged in its Mid-Quarter Monetary Policy Review 2012.

There were quiet celebrations in the offices of Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy.

Most of the Asian markets dropped Monday after the rally last week when investor confidence was buoyed by the optimism that the stimulus measures announced by the central banks in the U.S. and the Europe would help revive the global economic growth momentum.

The Canadian Auto Workers, or CAW, will concentrate on the Ford Motor Co. (NYSE: F) as it attempts to negotiate a collective-bargaining agreement in the roughly 24 hours left before its fast-approaching strike deadline on Monday at 11:59 p.m. EDT.

Chief Justice John Roberts had a change of heart after reflecting on how rejecting the health care law would impact his legacy on the court, according to a new book by Jeffrey Toobin.

The Occupy Wall Street protest movement is expected to resume Monday, on the 1-year anniversary of the protests. Is the coalition passé and irrelevant? Or is it a canary in a coalmine - an indicator of worsening economic and social problems in the United States?

There is some good news cheering up Warren Buffet, the Oracle of Omaha, as he announced completion of cancer treatments, Sept.14.

A new study conducted by Microsoft dubbed Operation b70, from Aug. 2011, shows that several computers carry malware installed in the factory, BBC News reported.

Asian stock markets posted their biggest weekly gains in almost nine months after the U.S. Federal Reserve announced that it would purchase $40 billion in mortgage-backed securities per month for an open-ended period until the labor market improved substantially.

Tensions between Zynga Inc. (Nasdaq: ZNGA) and Electronic Arts Inc. (Nasdaq: EA) exploded all over again Friday as Zynga mustered an aggressive rejoinder to the copyright-infringement lawsuit filed against it by EA last month.

If sales following the iPhone 5 release date are as high as analysts predict, the Apple smartphone could aid the struggling US economy. .

Only two countries are members of the 1 billion mobile phone users club: China and India. In the latter, Nokia and Samsung are battling for the top spot, but their big worldwide rival is an Indian no-show: Apple and the iPhone. Here's why and what's at stake.

Venezuela and Colombia are both rich in natural beauty, but have taken two very different approaches to tourism. One has seen tourist numbers stagnate while the other is an international success story. What happened, and why are two neighbors so radically different?

Amazon's sales tax exemption in California expired at midnight Saturday. The mammoth online retailer had cut a deal with state lawmakers last year, but the free ride is now over.

Apple's first batch of pre-orders for the new iPhone 5 came and went on Friday, but even though the online Apple Store, AT&T stores and Verizon's retail stores are sold out of their initial pre-order stock, there are still thousands of customers dying to get their hands on Apple's latest smartphone innovation. Yet, one thing customers want to know about iPhone 5 before its release date next Friday is about which carrier to choose. Which carrier has the best overall coverage? Which carri...

The top after-market NYSE gainers Friday were AutoZone, Main Street Capital Corp, Owens & Minor, YPF SA and FelCor Lodging Trust Inc. The top after-market NYSE losers were Accretive Health, Chiquita Brands International, Chesapeake Utilities Corp, Alliance One International and Weight Watchers International Inc.

The top after-market Nasdaq gainers Friday were MIPS Technologies, Star Scientific Inc, ACADIA Pharmaceuticals Inc and Alpha and Omega Semiconductor Limited. The top after-market Nasdaq losers were Nanosphere Inc, Orexigen Therapeutics Inc, Fulton Financial Corporation and Acme Packet Inc.

With the Bank of Korea unexpectedly holding its policy rate at 3 percent, market participants feel that stimulus measures will be urgently needed to reinvigorate the country?s weakening economy.

Most of the Asian markets gained in the week as investor confidence was lifted following the announcement of another round of quantitative easing by the U.S. Federal Reserve which is expected to rejuvenate the economic growth.

The Dow Jones Industrial Average (DJI: DJI) gained another 53.51 points, or 0.40 percent, on Friday to close at 13,593.37, the highest level in nearly five years. However, many uncertainties remain. Here are four factors that could make -- or break -- the Dow's continued ascent.

Amazing security camera footage has captured several theieves ramming a BMW into an Apple Store in order to steal iPhones. The Apple Store theft occurred on September 6, as the driver slammed his car into the electronics store and an accomplice loaded a bag with phones.

Tony Ortega, who has been the editor-in-chief of the Village Voice since 2007, announced via blog post on Friday that he is stepping down next week. The alt-weekly has seen a number of staff layoffs in the last few years.

The continued weakness of the global economy will probably leave the two regional manufacturing PMI (Empire State and Philly Fed) and the national Markit PMI at low levels in September. Meanwhile, economists expect August?s data on housing starts and existing home sales to show that the housing recovery remains intact.

Thursday's announcement by the U.S. Federal Reserve that it would be engaging in a third round of open-ended bond-buying, known as QE3, to energize the economy saw a resoundingly positive reception in the foreign financial markets, where indexes rose Friday. But market-watchers were expecting the global equity party would lead to an inevitable hangover soon, in the form of intervention by central banks around the world, to stop massive inflows of dollars into non-U.S. economies -- in short, a...