NEW DELHI: Telecom equipment maker Nokia extended an olive branch to the Indian government, saying it wants to resolve an ongoing tax dispute amicably and that arbitration is not a priority. The Finnish firm also underlined India's potential as a manufacturing hub, saying the dispute aside, it has had a fruitful experience in the country and other multinationals should set up shop to reap the benefits.
LONDON: Europe's main stock markets slid Tuesday despite news that Finnish telecoms giant Nokia was in advanced talks to buy Franco-American rival Alcatel-Lucent. The benchmark CAC 40 index in Paris dropped 0.71 percent to 5,216.50 points, while Frankfurt's DAX 30 shed 0.64 percent to 12,259 points. London's FTSE 100 nudged 0.01 percent lower to 7,063.80 points, as investors digested news that British annual inflation held at a record-low zero in March. The euro eased to $1.0552 from $1.0571 in New York late on Monday, before the European Central Bank's interest rate decision on Wednesday.
As Sen. Rand Paul (R-Ky.) travels to California to hold a forum at the Ronald Reagan Presidential Library, Democrats are hitting back at his trip by highlighting comments from former GOP leaders saying the party is out of touch.
Not only would SocGen be shocked if the Fed made any significant policy shift this week, they appear to be finding "belief" in a growth renaissance hard to sustain in light of the dismal reality that keeps getting in the way of 'faith'. Undertaking any policy shifts at this meeting would be akin to driving at night with no headlights, they note, taking the opportunity to slash Q3 and Q4 GDP expectations - pushing off hope for any Taper announcement until late Q1 at its earliest.
The Republican National Committee announced Tuesday it is searching for a new chief technology officer to lead a digital makeover that will put data and technology at the center of its operations. It's part of a broader effort to modernize the party in the wake of its 2012 election losses.