Indians Planet

WASHINGTON/NEW YORK (Reuters) - Regulators probing the stock market "flash crash" last May still have not uncovered a single cause but will point to "stub quotes" and other previously identified issues as having exacerbated the market's dramatic drop, according to two sources familiar with the probe. ...

NEW YORK (Reuters) - U.S. share prices rebounded on Wednesday, aided by gains in European markets, while the stronger yen tested the Bank of Japan's resolve to cut the currency down from its 15-year peak.

BOSTON (Reuters) - Major pension fund managers are worried about funding shortfalls and improving their risk management techniques after the years-long financial crisis, according to a survey to be released on Wednesday.

LONDON (Reuters) - Major developed economies are poised for a marked slowdown in coming quarters, led by the United States, although another recession still looks unlikely, a Reuters poll of 250 economists showed on Wednesday.

MUMBAI (Reuters) - Vodafone is confident that there is no tax to pay on the India transaction, it said on Wednesday, after the Bombay High Court dismissed the company's petition in the tax case.

NEW DELHI (Reuters) - ArcelorMittal, the world's top steelmaker, can start building its $6.4 billion steel plant in Karnataka by December after local authorities compensate displaced farmers, a senior government official said on Wednesday.

MUMBAI (Reuters) - The Bombay High Court ruled India's tax department has jurisdiction over tax bills in cross-border mergers, dismissing a petition by Britain's Vodafone, setting a precedent for overseas firms looking to buy into Indian companies. ...

MUMBAI (Reuters) - Advice may be nice, but backing it up with balance sheet can be key to winning M&A business for investment banks in India.

KOLKATA (Reuters) - Tata Steel, the world's No. 7 steelmaker, is in talks with banks to raise between $4.5 billion to $5.5 billion loan to refinance debt at its European unit Corus, its managing director said on Wednesday. ...

MELBOURNE (Reuters) - Foster's Group Ltd, Australia's largest brewer, has rejected a private equity offer worth up to $2.5 billion for its wine unit as too cheap and plans to continue with the split of its beer and wine businesses. ...