Indian IT firms urged to tackle rising rupee

Indian IT firms that weathered the rupee's surge against the dollar in the fiscal second quarter are being told to tackle it in the long-term as foreign funds flood the local market.

Business International

Probe may force Slim to trim his sails

Mexico's antitrust chief said regulators will reopen an investigation of billionaire Carlos Slim's telephone companies, Telefonos de Mexico SAB and America Movil SAB, within about three weeks.

IN BRIEF (Page 16)

Fed set for further interest rate cut

With financial markets spooked about possible economic turmoil ahead, Federal Reserve policymakers are set to decide on interest rates at a meeting concluding on Halloween.

Business International

Dollar at record low against euro

The dollar fell to a record low against the euro on speculation the Federal Reserve will cut interest rates this week to prevent the worst US housing slump in 16 years from slowing the economy.

Even the Maldives is turning its back on greenback

Bargaining while buying some trinkets in the Maldivian capital, Male, recently, I heard most unexpected words: "You can keep your dollars."

Healthy profit gives Nissan shot in the arm

Nissan Motor Co, Japan's third-largest automaker, rose the most in six years on the Tokyo Stock Exchange after it reported higher fiscal second-quarter operating profit and analysts raised their ratings.

IN BRIEF (Page 16)

Business International

Nintendo raises full-year forecast

Nintendo Co, maker of the Wii game player, raised its profit forecast for a second time after the console outsold Sony Corp's PlayStation 3.