Ranbaxy Laboratories Ltd, India's largest drug maker by sales, expects strong growth in 2008 and would continue to look for acquisitions in India and abroad, Chief Executive Malvinder Singh said on Thursday.
The fat years may be ending for Chinese banks as bad loans increase and monetary policy tightens. After government bail-outs and reforms ended a debt crisis early this decade, bad loans could rebound because of exposure to the country's red-hot property market. But a debacle on the scale of the U.S. subprime credit crisis remains very unlikely, officials and analysts say.
Canadian Imperial Bank of Commerce posted an 8 percent increase in fourth-quarter earnings on Thursday as various one-time charges in its wholesale unit were largely offset by a gain in its retail business, and taxes were lower.
Becoming mini-majors by making aggressive plans to acquire overseas oilfields and retail outlets could be a winning strategy.
European stocks extended gains while sterling slipped across the board as the Bank of England cut interest rates, joining other central banks in an attempt to counter the risk of an economic slowdown from the credit crisis.
Oil recovered from lows to hover near six-week lows above $86 a barrel on Thursday as a build-up in U.S. oil product stocks and receding geopolitical concerns outweighed OPEC's decision not to increase crude oil production.
Pakistani lawyers and former prime minister Nawaz Sharif took to the streets on Thursday to demand President Pervez Musharraf reinstate sacked judges.
President George W. Bush is expected to unveil a plan on Thursday to prevent a wave of home loan foreclosures that has threatened to knock the U.S. economy into recession and rattled investors worldwide. The plan hammered out by the U.S. Treasury Department in talks with mortgage industry leaders.
President George W. Bush is expected to unveil a plan on Thursday to help struggling American homeowners avoid foreclosure, addressing a mortgage crisis that risks tipping the U.S. economy into recession and has shaken financial markets around the world.
The holiday box office season kicked off this week to a slower pace than last year - both in the U.S and internationally - putting hopes on Mirimax's controversial The Golden Compass film to rescue the winter.
The International Atomic Energy Agency said Tuesday that the new U.S. intelligence report on Iran’s nuclear program is in agreement with its previous statements noting that the Agency has no evidence of an ongoing weapons plan or nuclear facilities.
Iowa county coordinator for Hillary Clinton's presidential campaign quit on Wednesday for allegedly sendind several e-mails naming Barack Obama as a muslim seeking to destroy the U.S. when elected as president.
Genentech's Avastin cancer drug should be rejected for the use in the United States, advisers said on Wednesday.
Gold futures fell on Wednesday, as the U.S. dollar gained following reports showing strong job growth, lowering demand for the precious metal.
U.S. stocks rose on Wednesday after a government report said the labor market is strong, easing some worry about a looming economic slowdown.
The dollar rose against major currencies on Wednesday after a U.S. government reports showed strong job growth, more factory orders and productivity gains.
Crude oil fell on Wednesday after a government report showed that U.S. fuel stockpiles rose last week, erasing earlier gains when the Organization of Petroleum Exporting Countries agreed not to boost oil production.
The United States and other backers of Kosovo's drive for independence will seek a firm pledge from NATO allies on Friday to maintain peacekeeping troops at current levels and deal robustly with any violence.
With financial markets finding it tough, even rich Manhattan could feel some pain.
Google Inc is releasing a new application for Apple Inc's iPhone that combines the Web leader's services such as e-mail, search and calendar into a single interface.
Federal regulators and lenders are homing in on five years as the length of an interest-rate freeze on subprime mortgages, Bloomberg reported, citing a source familiar with the negotiations.
Technology and entertainment topped Google Inc's searches in 2007, with the iPhone grabbing the No. 1 slot on a list of the fastest-rising search terms in the United States, the company said on Tuesday.
