Higher provisioning and lower net interest income have resulted in a 42.59 per cent drop in net profit of Syndicate Bank for the quarter ended December 2009. Net profit of the bank stood at Rs 205.72 crore in the third quarter of 2009-10 against Rs

Private sector lender City Union Bank on Saturday said its net profit rose by 26.55 per cent to Rs 40.65 crore for the third quarter ended December 31, over the corresponding period last year. Total income rose to Rs 278.58 crore against Rs 246.64 crore

The ringgit is expected to rise against US dollar next week with Asian currencies lending support on positive economic signs in the region, dealers said. "The ringgit will be well supported at the 3.40 level next week," said one of the dealers, who added

The surge in U.S. economic growth in the fourth quarter depended on more than manufacturing and investment. Households also played their part. Gross domestic product grew at a 5.7 percent annual rate from October through December, more than anticipated

The Indian stock market is seen choppy with a negative bias next week. With the end of the third quarter results season and Reserve Bank of India’s monetary policy review behind, traders will eye cues from overseas markets. Last two days of the current

Brazil's real opened only marginally stronger on Thursday, trying to recover from a prolonged sell-off of commodity currencies this week. The real opened at BRL1.852 to the U.S. dollar on the BM&F Bovespa securities exchange after closing on Wednesday at

While the indices came off the day's highs, it did manage to close marginally in the positive in what could be considered as a rather volatile session. The BSE Sensex closed higher by around 20 points today (up 0.1%), NSE Nifty could eke out gains in the

Banco Bradesco SA, Brazil’s second- largest bank by market value, said fourth-quarter profit rose 36 percent after increasing loans to consumers and companies. Net income jumped to 2.18 billion reais ($1.17 billion) from 1.6 billion reais a year

Brazil’s Bovespa stock index and the real fell, reversing earlier gains, as declines in oil and metals prices dragged down commodity producers. Petroleo Brasileiro SA, the government-controlled oil company, retreated as a stronger dollar reduced the

Brazilian and Mexican stocks finished higher Thursday, with an outlook of higher corporate quarterly earnings in Latin America's largest economies providing support after a recent string of pullbacks among equities.

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The Bombay Stock Exchange (BSE) Sensex snapped a six-session losing streak on Thursday as global markets rebounded, but trading was choppy and volume light due to the expiry of monthly derivatives contracts. The Sensex ended up 0.1%, or 17.05 points, at

Sime Darby Bhd yesterday listed its Ringgit Malaysia Sukuk Programme on Bursa Malaysia with a combined master limit of RM4.5bil under the Exempt Regime. Based on the Islamic principle of musharakah, the 20-year tenure sukuk programme is rated

Canadian minerals explorer Wallbridge Mining Co Ltd (WM.TO) said it raised its stake in Duluth Metals Ltd (DM.TO) to about 12.9 percent as it completed the purchase of 7.5 million Duluth shares by exercising its existing participation rights. The