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Intel to Produce Taiwanese Company MediaTeks Chips

OAKLAND, Calif. July 25 Reuters U.S. chipmaker Intel Corp said on Monday it will produce chips for Taiwans MediaTek Inc, one of the world39;s largest chip design firms. The manufacturing arrangement is one of the most significant deals Intel has announced since it launched its socalled foundry business early last year. A foundry business builds chips […]
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GM, Ford Confront Wall Streets Recession Fears

DETROIT, July 25 Reuters General Motors Co and Ford Motor Co are about to replay a script they have played out many times before trying to convince investors they can get through a recession without skidding into the red. Analysts have been cutting share price targets and profit estimates for the Detroit automakers over the past several […]
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INR Strengthens to over 1Week high on Broad USD Losses

MUMBAI, July 25 Reuters The Indian rupee strengthened to its highest level in more than a week on Monday afternoon tracking broad losses in the dollar, but weaker local shares and losses in other Asian peers ahead of the U.S. Federal Reserve meeting39;s outcome later this week limited gains. The partially convertible rupee was trading […]
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Indian Shares Snap SixDay Rally as Reliance, Autos Drop

BENGALURU, July 25 Reuters Indian shares broke their longest gaining streak since last October on Monday, as automakers slid and index heavyweight Reliance Industries dragged after its earnings fell short of expectations. The NSE Nifty 50 index fell 0.53 to 16,631, while the SP BSE Sensex slipped a tad more to 55,766.22, after rising for six straight […]
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Weak German Data, Earnings Weigh on European Stocks

German business morale falls more than expected in JuneIfo Italian, Spanish stock indices rise as banks rally Volkswagen falls after CEO forced to step down Philips, Almirall slip after weak earnings updates July 25 Reuters European shares edged lower on Monday as German business morale fell more than expected in July and a slew of […]
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Pound Struggles around 1.20 on Economy Worries

LONDON, July 25 Reuters Sterling held around the 1.20 level versus the U.S. dollar on Monday as traders worried about the outlook of the British currency after recent dismal data before a widely expected U.S. interest rate hike this week. Versus the U.S. dollar, the pound held around 1.2005, a shade below Friday39;s high of […]
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Turkish Lira on Slow Slide in Search of FX Relief

ANKARA, July 25 Reuters The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about the government39;s foreign exchange policy in the face of surging inflation and fears of global recession. The slow depreciation could continue unless authorities find a new source of foreign funds to […]
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