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Nippon-Reliance-112614.jpg Reliance Capital Ltd. said that Nippon Life Insurance (NLI), a Fortune 100 company, would increase its stake in India's Reliance Capital Asset Management (RCAM), a part of Reliance Capital, to 49 percent from 26 percent it held earlier. Nippon will be investing Rs.657 crore ($108 million) to acquire...

stock-up_26Nov14.jpg Asian stocks extended gains for a fourth consecutive session on Wednesday, with Chinese and Hong Kong stocks rallying sharply on hopes for further rate cuts, while the Australian market rose amid bargain hunting in high-yielding stocks. The Japanese market fell marginally on a stronger yen as investors...

OECD-112514.jpg A prolonged stagnation in the euro area could hurt global growth and stronger policy responses are needed to avoid such risks, the Organisation for Economic Co-operation and Development (OECD) said Tuesday. In its latest Economic Outlook, the Paris-based think tank said any prolonged stagnation in the euro area could drag down global growth.