Posts Tagged ‘wednesday’

Oil rebounds from 2 days of losses

Oil rebounded on Wednesday from a two-day decline, ending an up-and-down trading day above USD 107 per barrel. On Wednesday Benchmark West Texas Intermediate crude for May delivery gained 86 cents to settle at USD 107.11 per barrel on the New York Mercantile Exchange

US markets end flat amid choppy session

US stocks finished mostly flat in a choppy session on Wednesday, as investors bet on strong technology earnings even as JPMorgan Chase’s numbers weighed on other market sectors.

Fed, ECB policymakers urge policy normalization

ST. LOUIS (Reuters) – Top U.S. and European central bank officials agreed on Wednesday their institutions must withdraw some of the extraordinary support they provided to help their economies recover from a deep crisis.

US bank regulators poised to announce mortgage pacts

US bank regulators plan to announce settlements later on Wednesday with the largest lenders over allegations of shoddy foreclosure practices, but the pacts will not include financial penalties.

IdeaATT deal: AB Nuvo cries foul

The IdeaATT deal has rejoined the legal slugfest of crossborder transactions with Aditya Birla Nuvo under the taxman’s scanner.

IIMs continue to dominate Indian Bschool list

CNBCTV18 on Wednesday released ‘The AList of BSchools Rankings 2011′. IIM Ahmedabad led the rankings and continues to be the benchmark for MBA education in India

Bank regulators settle with mortgage lenders

WASHINGTON (Reuters) – U.S. bank regulators announced settlements on Wednesday with the largest home lenders over allegations of shoddy foreclosure practices, but the pacts did not include financial penalties.

RIL starts projects to expand polyester capacity

Reliance Industries said on Wednesday it had started work on polyester projects in the country as it aims to consolidate its position as the world’s largest integrated polyester producer.

Rupee ends weak; strong local shares, euro limits fall

The rupee ended weak on Wednesday following covering of some shortdollar positions, but gains in local equities and the euro ensured the fall was limited.

Couric returns to ‘Today’ for interview with Lauer

Katie Couric returned to the “Today” show Wednesday for an on-air reunion with Matt Lauer, but didn’t give him an exclusive about her future.

Shaw Communications Q2 profit up over 20 pct

TORONTO (Reuters) – Canadian cable company Shaw Communications Inc said on Wednesday its net profit rose over 20 percent in the second quarter, despite competitive pressure in its main business lines.

KEC International gains 3.2% on new orders

Shares of K E C International are trading at Rs 88.80, up Rs 2.85, or 3.32% at the Bombay Stock Exchange (BSE) on Wednesday at 12:06 p.m. The company has won new orders to the tune of Rs 5,500 million from India and Brazil.

Unilever, P&G fined 315.2 million euros for price fixing

BRUSSELS (Reuters) – Consumer goods giants Unilever and Procter & Gamble were fined 315.2 million euros ($456 million) by EU regulators on Wednesday for fixing washing powder prices in eight EU countries.

Japan Yosano: Quake economic impact likely short-lived

TOKYO (Reuters) – Japanese Economics Minister Kaoru Yosano said on Wednesday that the effects of last month’s devastating earthquake and tsunami would be relatively short-lived, with the economy expected to recover toward the end of the year.