Articles by Ambrosia Sabrina
India, China meet

India, China Press Each Other for Market Access

India and China pressed each other for greater market access for their products from medicines to Bollywood films at a meeting of trade ministers on Monday, seeking to expand commercial ties between the Asian giants as they battle a global downturn.

Samsung Loses $12 bln Market Value after Apple's Victory

Samsung Electronics shares tumbled more than 7 percent on Monday, wiping $12 billion off the South Korean giant's market value, as Apple Inc's sweeping legal victory in their U.S. patent battle raised concerns about its smartphone business - its biggest cash cow.

Gold Near 3-1/2 Month High on ECB Hopes

Gold on Wednesday hovered near a 3-1/2 month high hit in the previous session, as investors remained hopeful the European Central Bank would soon take action to contain the region's debt crisis.
Supreme Court of India

Showdown for Big Pharma in Supreme Court

The Supreme Court will hear final arguments starting this week in a landmark case over drug patents that could change the rules for the country's healthcare sector and potentially curb its global role as a supplier of cut-price generic medicines.

CAG Warns of Billion-Dollar Losses on Coal, Airport Deals

The Comptroller and Auditor General (CAG) accused the government on Friday of allocating coal blocks, power projects and land for Delhi's flagship airport at a fraction of market prices, potentially costing the exchequer tens of billions of dollars in lost revenues.
Standard Chartered Building

Standard Chartered Sparks Scrutiny of India Offshoring

Offshoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc moved compliance oversight work dealing with Iranian banking transactions to India to avoid U.S. regulators.
Palaniappan Chidambaram

Chidambaram Vows Action on Economy

Finance Minister P. Chidambaram sought on Monday to allay investor worries about an economy growing at its weakest pace in almost a decade by pledging to address their concerns over taxes, public finances and interest rates.