Asia Pacific Business News Headlines | Business

FOREX-Dollar gains vs yen after solid durable goods data

Fri, 25 Jul 2008 21:28:50 +0800

* Dollar rises against yen after U.S. durable goods

US STOCKS-Durables data cues Wall St for higher open

Fri, 25 Jul 2008 21:17:58 +0800

* Durable goods orders rise unexpectedly

Oriental Bank hikes lending rate by 50 basis points

Fri, 25 Jul 2008 21:15:14 +0800

MUMBAI, July 25 (Reuters) - Oriental Bank of Commerce has raised its prime lending rate by 50 basis points to 13.75 percent from 13.25 percent with effect from July 15, it said on Friday.

UTV Software board approves United New Media buy

Fri, 25 Jul 2008 21:14:20 +0800

MUMBAI, July 25 (Reuters) - UTV Software Communications Ltd said on Friday its board had approved the acquisition of United New Media Ventures Ltd, a web and mobile content maker and distributor.

India Grasim qtrly net flat, Ambuja's falls 33 pct

Fri, 25 Jul 2008 21:07:43 +0800

NEW DELHI, July 25 (Reuters) - India's Grasim Industries on Friday reported little change in its quarterly profit from a year earlier, while rival Ambuja Cements Ltd said its net profit fell by about a third.

Black & Decker profit falls 18 percent

Fri, 25 Jul 2008 21:04:13 +0800

BOSTON (Reuters) - Black & Decker Corp reported on Friday that quarterly profit fell less than expected as a favorable tax rate helped offset effects of the severe U.S. housing slump, which has sliced demand for its power tools, locks and plumbing products.

Russia GAZ venture to compete with Renault

Fri, 25 Jul 2008 21:03:47 +0800

(Adds talks with Daimler, details, background)

Fortune Brands profit tops lowered Wall St view

Fri, 25 Jul 2008 20:55:02 +0800

NEW YORK (Reuters) - Fortune Brands Inc reported operating profit that topped Wall Street's lowered expectations on Friday after the consumer products maker warned that weak consumer sentiment, the U.S. housing slump and higher taxes would depress earnings more than expected.

American Axle posts quarterly loss on strike

Fri, 25 Jul 2008 20:50:09 +0800

DETROIT (Reuters) - American Axle & Manufacturing Holdings Inc posted a wider-than-expected quarterly loss on Friday as the auto parts supplier grappled with a strike by union workers and plunging sales of trucks and SUVs.

India cbank to sell 50 bln rupees Tbills July 30

Fri, 25 Jul 2008 20:47:37 +0800

MUMBAI, July 25 (Reuters) - India's central bank on Friday said it will sell 30 billion rupees of 91-day treasury bills on July 30 via a multiple price auction.