Business News

INSTANT VIEW - India's July industrial output up 7.1 pct y/y Posted: 12 Sep 2008 02:00 AM CDT NEW DELHI (Reuters) - India's industrial output rose 7.1 percent in July from a year earlier, above the previous month's 5.4 percent, data showed on Friday.

China launches nationwide baby formula probe, 4th Ld-Writethru, AS Posted: 12 Sep 2008 01:52 AM CDT BEIJING (AP) _ China's government vowed "serious punishment" on Friday after a major dairy recalled 700 tons of milk powder linked to a rash of kidney stones in infants in a case that reignited fears about Chinese product safety.

GLOBAL MARKETS - Asia stocks tick higher on Lehman sale talk Posted: 12 Sep 2008 01:51 AM CDT By Kevin Plumberg

India's July industrial output up 7.1 pct y/y Posted: 12 Sep 2008 01:36 AM CDT NEW DELHI (Reuters) - India's industrial output rose 7.1 percent in July from a year earlier, above the previous month's 5.4 percent, data showed on Friday.

IT revenue worries pulls down Sensex Posted: 12 Sep 2008 01:34 AM CDT NEW DELHI (Reuters) The BSE Sensex fell nearly 2 percent on Friday morning, pulled down by sharp losses in outsourcers such as Infosys Technologies and Tata Consultancy Services on fears about their revenue outlook.

Nikkei ends up 0.9 pct, Lehman moves in focus Posted: 12 Sep 2008 01:20 AM CDT TOKYO (Reuters) - The Nikkei average rose 0.9 percent on Friday, with financial shares such as Mitsubishi UFJ Financial Group gaining sharply following news that U.S. investment bank Lehman Brothers was in talks about a possible sale.

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