Stocks open higher after surprising profit report from Alcoa, better jobless claims numbersNEW YORK — Stocks have resumed their climb after Alcoa kicked off earnings season with an unexpected profit and the government reported a drop in initial claims for jobless benefits. Indians to spend more this Diwali, shows a surveyNEW DELHI - Despite the economic slowdown, Indian consumers are upbeat about spending this festive season, according to a survey. Stocks open higher after surprising profit from Alcoa, drop in initial jobless claimsNEW YORK — Stocks are higher after Alcoa kicked off earnings season with an unexpected profit and initial claims for jobless benefits fell more than expected. Oil above $70 in European trade on weaker dollar, mixed inventory, fresh Nigeria riskOil prices rose above $70 a barrel Thursday amid a weakening U.S. dollar, mixed crude inventory data and a decision by Nigeria’s main rebel group to resume attacks next week on the country’s oil industry. Birla Corp on Forbes’ listKOLKATA - Birla Corp, the flagship company of the MP Birla Group, has been included in the “Best Under a Billion” list by the Forbes Magazine. JSW Steel plans to raise Rs.6,600 cr for Bengal projectKOLKATA - JSW Steel, part of the Sajjan Jindal-owned JSW Group, aims to raise Rs.6,600 crore through debt for financing its Rs.11,000-crore steel project in West Bengal’s Salboni, a senior official said here Thursday. Tata-Docomo plans research and development centre in IndiaKOLKATA - Telecom major Tata Teleservices and Japan-based Docomo are planning to jointly set up a research and development facility in India, a top official said Thursday. Stock futures climb after surprising profit from Alcoa, drop in initial jobless claimsNEW YORK — Stocks appear headed to a sharply higher opening Thursday after Alcoa kicked off earnings season with an unexpected profit and weekly jobless claims fell more than expected. New jobless claims drop more than expected to 521,000, lowest level since JanuaryWASHINGTON — The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs eased a bit amid a fledgling economic recovery. European Central Bank, Bank of England leave interest rates unchangedFRANKFURT — The European Central Bank and the Bank of England both left their key interest rates unchanged Thursday at record lows. Bilimoria keen to pay back 70 mn pounds to creditorsLONDON - Cobra Beer founder and chairman Lord Karan Bilimoria has vowed to spend several years repaying creditors 70 million pounds after his company went into a pre-pack administration earlier this year. Emirates Airline to strengthen Kerala operationsTHIRUVANANTHAPURAM - Dubai-based Emirates Airline is planning to expand its Kerala operations by adding nine more services per week by Dec 1, a senior official said here. Sensex ends flat as investors sell IT, telecom scrips (Roundup)MUMBAI - A key Indian equities index fell sharply towards the closing bell Thursday to end flat as heavy selling in blue chip IT and telecom scrips dragged down the benchmark index from its intra-day high. Arun Sarin rejoins private equity firm KKRLONDON - Former Vodafone chief executive Arun Sarin has rejoined Kohlberg Kravis Roberts (KKR) as a senior adviser, according to the New York-based private equity company he quit six years ago. Hosing sector demand to go up by 30 percent: FICCINEW DELHI - The residential sector will lead the revival of India’s reality industry as it will see a surge in demand by 30 percent by 2009-end, according to an industry lobby survey. Jet Airways chief executive resignsMUMBAI - Wolfgang Prock-Schauer has resigned as the chief executive of Jet Airways, effective Oct 15, the company said Thursday. Large scale corruption detected in Bihar local bodiesPATNA - Large scale financial irregularities and corruption were exposed in Bihar’s panchayati raj institutions and urban local bodies in the latest audit report of the examiner of local accounts. Women honchos give leadership mantra to female entrepreneursBANGALORE - Top female leaders from India’s corporate fraternity called on more women to join the business houses spread across the country and also take up the mantle of leadership in the mostly male-dominated corporate sector. Bank of England holds key rate at 0.5 pct; no move on expanding money supplyLONDON — The Bank of England kept its main interest rate unchanged at the record low of 0.5 percent Thursday and held off from any further moves to expand the money supply — for now. Stock futures climb after surprising profit from Alcoa; ahead of weekly jobless reportNEW YORK — Stock futures are pointing to a sharply higher opening Thursday after Alcoa kicked off earnings season with an unexpected profit, helping to boost investors’ hopes for an economic recovery. Dhaka vows to resolve Tipaimukh dam issue with DelhiDHAKA - India has assured that it neither plans irrigation nor would it withdraw water from a dam that it plans to build on Barak river in Manipur state, says a report tabled in parliament. Sensex ends flat (Second Lead)MUMBAI - A key Indian equities index fell sharply towards closing bell Thursday and ended flat after having gained more than 191 points during the day. Upbeat Alcoa gives world markets a boost ahead of European interest rate decisions
India, Uganda to co-operate ‘more vigorously’ in agricultureNEW DELHI - India and Uganda will co-operate “more vigorously” in the agriculture and fisheries sector, Minister of State for Agriculture K.V. Thomas said here Thursday. Dhaka seeks access to Nepal and Bhutan through IndiaDHAKA - Bangladesh has urged India to give it transit to Nepal and Bhutan to boost bilateral and South Asian regional trade and connectivity. India’s imports of sensitive items up 34.5 percentNEW DELHI - Import of sensitive items into India, ranging from automobiles and alcoholic beverages to edible oil and vegetables, rose 34.5 percent during the first four months of this fiscal, despite a 32.5 percent dip in the overall import of merchandise goods. World coffee body mulls forum to finance producersBANGALORE - The International Coffee Organisation (ICO) is planning a forum to arrange institutional finance to producers facing credit crunch, a top official said here Thursday. Larsen and Toubro raises $600 mnMUMBAI - Construction and engineering major Larsen and Toubro Thursday said it has raised $600 million through qualified institutional placements (QIP) and issue of foreign currency convertible bonds (FCCBs). Train services in flood-hit Andhra to be restored in a weekHYDERABAD - Train services in the flood-hit areas of Andhra Pradesh will be restored from Oct 15, union Minister of State for Railways H.K. Muniyappa said Thursday. Salt bags on tracks hold up trains in HaryanaAMBALA - Salt bags that fell on the railway tracks from an overturned truck held up rail traffic on the Ambala-Saharanpur section for several hours Thursday morning, railway authorities said. |
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Upbeat Alcoa gives world markets a boost
