Chidambaram vows to ‘restart growth’ India’s new pro-market finance minister on Monday pledged to takes steps to restore foreign investors’ faith in Asia’s third-largest economy and “restart the growth engine”.
Honda sees sales buoyancy Al-Futtaim Honda, part of the automotive division of Al-Futtaim Group, is optimistic of achieving better sales growth in the second half as the company recovered from last year’s natural disasters in Japan and Thailand, its top official said.
Belhasa unit makes Libya foray Belhasa Trading and Development, a subsidiary of the Belhasa Group of Companies, has recently opened a branch office in Libyan capital of Tripoli.
Demand for mobile wallet services rises in ME The demand for mobile wallet services is rising in the Middle East and across the world that will help fuel growth in the local banking sector, according to TNS MENA — a marketing research company.
Standard Chartered shares dive after US allegation Shares in Standard Chartered have dropped sharply as investors reacted to U.S. charges that the bank was involved in laundering money for Iran.
World stocks gain on hints of economic recovery BANGKOK — World stock markets were moderately higher on Tuesday, continuing to get a boost from an unexpected improvement in US hiring that added to signs the global economy might be emerging from its downturn.
StanChart shares tumble on Iranian dealings HONG KONG/LONDON - Standard Chartered Plc’s shares fell as much as 20 percent on Tuesday after New York’s top bank regulator threatened to remove its state banking license, saying the British lender hid $250 billion in transactions tied to Iran.
Asian markets higher on hopes for ECB bond-buying HONG KONG — Asian markets rose on Tuesday on hopes the European Central Bank will soon restart its sovereign bond-buying scheme, but gains were capped by profit-taking after the previous day’s big gains.
Gold little changed as investors await ECB action SINGAPORE - Gold traded nearly flat on Tuesday, retaining gains from the past two sessions as investors waited for action from the European Central Bank in hopes that it would do more to tackle the region’s debt crisis.
S. Korea approves bill to set up unification fund SEOUL — South Korea’s cabinet on Tuesday endorsed a bill which sets up a special fund to cover the huge cost of potential reunification with North Korea.
