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| • Global markets in a turmoil over Greek crisis |
 The Greek tragedy continued to sink markets across the world. The euro plunged to a 4-month low after Greece failed to form a coalition government and a fresh round of elections is in the offing. Analysts say US markets are bracing themselves for the worst. |
| • 'RBI intervention can just smoothen volatility' |
 CNBC-TV18 managing director Udayan Mukherjee speaks on why nothing is working as rupee falls to an all time low. |
| • Piramal to buy US drug data firm for $ 635 mn |
 Drugmaker Piramal Healthcare is buying a US-based healthcare data provider for $635 million to boost research and development, in the biggest outbound acquisition by an Indian company in over six months. |
| • 'India can't import large quantities of crude oil' |
 Amid rising global crude oil prices, Finance Minister Pranab Mukherjee on Wednesday warned of "disastrous consequences" if corrective steps are not taken to deal with the problem as India cannot afford import of large quantities at high prices. |
| • Gold crashes to 5-week low on global cues |
 Gold on Wednesday plummeted by Rs 100 per 10 grams to a five week low in the national capital, after global investors shifted away to dollar from the precious metal as a safe haven. |
| Updated: 47 minutes ago |
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| • Gupta insider trading jury to hear Rajaratnam tapes |
NEW YORK (Reuters) - Convicted hedge fund founder Raj Rajaratnam is in prison, but the jurors of a separate insider trading trial of former Goldman Sachs Group Inc and Procter & Gamble Co board member Rajat Gupta will hear his voice in court on FBI wiretaps. |
| • Asian shares steady after sell-off, Greece fears weigh |
TOKYO (Reuters) - Asian shares steadied on Thursday from the previous day's sell-off, but investors found no reason to bet on risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies. |
| • Fed officials keep door open on easing, eye risks |
REUTERS - Several Federal Reserve policymakers last month thought the U.S. central bank might need to do more to support the economy if the recovery stumbles, but there was almost no support for extending its "Operation Twist" program, due to end in June. |
| • Ad execs say jury still out on Facebook as medium |
NEW YORK/LONDON (Reuters) - General Motors Inc's decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but Top advertising executives say it's far too early to know if the site will take off as an advertising platform. |
| • Majority of new potential fallen angels in India: S&P report |
(The following statement was released by the rating agency) |
| Updated: 46 minutes ago |
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| • CIMB Research upgrades MISC from Underperform to Neutral |
CIMB Equities Research said that despite MISC Bhd's first quarter core core net loss shocker, it thinks that earnings have bottomed.
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| • KLCI stages mild technical rebound |
Blue chips staged a technical rebound in early trade on Thursday after several days of heavy losses but the gains were limited as investors remain cautious about the eurozone debt crisis.
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| • Facebook IPO size 25% bigger |
NEW YORK:Facebook Inc increased the size of its initial public offering (IPO) by almost 25%, and could raise as much as US$16bil as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money.
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| • Asia helps drive Facebook’s goal |
KUALA LUMPUR: As Facebook nears saturation levels in some Western countries, Asian users are helping drive the social-networking leader’s march on the 1 billion-user milestone and beyond.
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| • SapuraKencana opens at RM2.30 |
SapuraKencana Petroleum Bhd(SapuraKencana) made its debut on the Main Market of Bursa Malaysia on Thursday at RM2.30, which was six sen above its reference price of RM2.24. |
| Updated: 46 minutes ago |
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| • Dubious distinction |
| Mumbai, May 16: The rupee today plunged to a historic low of 54.56 before closing slightly better at 54.50 despite RBI intervention, raising widespread concerns about the health of the economy. |
| • Piramal buys US firm for $635m |
| Mumbai, May 16: Mumbai-based drug company Piramal Healthcare has snapped up Massachusetts-based healthcare information data provider Decision Resources Group for $635 million. |
| • Bharti eyes Qualcomm 4G rights |
| New Delhi, May 16: Bharti Airtel is in the final stages of a deal to buy out US chip maker Qualcomm's fourth-generation (4G) licences in India for around Rs 5,000 crore. |
| • Axis access via mobile |
| Mumbai, May 16: Airtel customers will now be able to open no-frills savings account in Axis Bank through their mobiles and carry out transactions such as cash deposits, transfers and withdrawals. |
| • CESC plugs into two hydel projects |
| Calcutta, May 16: CESC Ltd has acquired two hydel power projects in Arunachal Pradesh from the Indiabulls group for an undisclosed amount. |
| Updated: 261 minutes ago |
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