Facebook boosts IPO size by 25 pct, could top $16 bln
Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps deba
Virgin Atlantic rolls out in-flight cellphone use
Some passengers on Virgin Atlantic flights can now call home from the air.
The airline announced on Tuesday it is providing travellers with a new cellphone service to make and receive phone calls fro
Athletes to watch at London
The world’s greatest athletes descend on London in July for the 2012 Olympics. Reuters’ Martyn Herman highlights the ones to watch out for when the Games get underway:
Usain Bolt (athletics): The fac
Greece to hold new election, jolts euro markets
Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect that leftists opposed to the terms of an EU bailout could sweep to victory in a June election an
FBI launches JPMorgan probe, shareholders back Dimon
The FBI has opened a probe into trading losses at JPMorgan Chase & Co (JPM.N), stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they
Facebook expands IPO size, aims for $15 billion: Source
Facebook Inc is increasing the size of its IPO by 85 million shares to about 422 million, a source familiar with the matter said, raising more than $15 billion in Silicon Valley's largest market debut
India must open coal to private miners: Tata
India must bring in more private miners to develop coal reserves which majority state-owned Coal India Ltd has left untapped, Tata Power Company Ltd executive Amulya Charan said on Tuesday.
India is
Honda launches its cheapest motorbike priced at Rs 44,642
Honda Motor Co launched its first mass-market motorcycle for India and its cheapest motorbike worldwide on Tuesday, as it aims to tap low-cost emerging markets including more than doubling India's sha
RBI likely sold up to $500mn to defend rupee
The RBI is estimated to have sold $400-$500 million worth in spot, though possibly some of that was also in forward markets, dealers say.
The USD/INR rebounds to 53.88/89 to the dollar, after being p
US unimpressed with India's efforts to cut Iran oil buys: Envoy
The United States is not impressed with India's efforts to cut its oil imports from Iran, a top US diplomat said on Tuesday, throwing into doubt whether New Delhi would be given a waiver from US finan