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(MENAFN - AFP) US stocks Monday moved higher in early trade, extending Friday's rally and building momentum from strong gains in international equity markets.

About 70 minutes into trade, the Dow Jones Industrial Average gained 51.47 points (0.31 percent) to 16,605.40.

The broad-based S&P 500 advanced 10.01 (0.52 percent) to 1,941.60, while the tech-rich Nasdaq ...

(MENAFN - AFP) India's newest airline announced Monday flights could begin as early as October, saying it was "bullish" about the future even as a rival carrier reported a big loss.

The new airline, to be called Vistara - a Sanskrit word meaning "limitless expanse" - is 49 percent-owned by Singapore Airlines, while the Mumbai-based Tata conglomerate controls 51 percent.

The ...

(MENAFN - AFP) Two Brazilian companies made a $611 million offer for US banana giant Chiquita Monday that could derail Chiquita's merger with European rival Fyffes.

Cutrale Group, one of Brazil's largest juice exporters, and investment bank Safra Group offered $13 a share for all of Chiquita's stock, 29 percent higher than the shares traded on Friday.

The two said that ...

(MENAFN - AFP) Deutsche Bank is suing a former top executive of its China operations for $3.9 million, according to reports, accusing him of transferring the sum to an account held by another company at a Chinese bank.

Lee Zhang was previously chairman of Deutsche Bank China and head of global banking in the Asia-Pacific region.

In papers filed with Hong Kong's high ...

(MENAFN - AFP) Leading economies are showing a steady growth trend overall, although Britain is doing particularly well and Japan and Germany are showing signs of losing pace, the OECD said on Monday.

The eurozone as a whole, and France, are on a stable growth path, the latest OECD data showed, contrasting with several recent indicators suggesting that France is lagging in ...

(MENAFN - AFP) Tata Motors' net profit more than tripled in the first quarter, the Indian giant said Monday, as sales soared at its British luxury marque Jaguar Land Rover.

India's biggest automaker said consolidated group net profit climbed to 53.98 billion rupees ($882.3 million) in the three months to June from 17.26 billion rupees for the same quarter of the previous ...

(MENAFN - AFP) As the world scrambles to stem the rapid spread of the killer Ebola virus, the World Health Organization is hosting a meeting Monday to discuss the ethics of using experimental drugs.

The talks come as countries ravaged by the tropical disease in west Africa are gripped by panic, with drastic measures brought in to contain the epidemic causing transport chaos, ...

(MENAFN - AFP) German luxury car brand Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world's largest car market, it said Monday.

An investigation by Chinese authorities found that an Audi dealer network had "violated national anti-monopoly laws", the brand's China arm said in a statement, adding the Audi joint venture involved ...

(MENAFN - AFP) When Pope Francis visits South Korea this week, he will find a thriving Catholic community with a social and political influence that belies its minority status in one of Christianity's most muscular Asian strongholds.

The visit will recognise the vicious persecution of early Korean Catholics, with the beatification by Francis of 124 martyrs executed for their ...

(MENAFN - AFP) The rusting hulks of tanks and field artillery are a common sight in the jungles of Peleliu, but the fighting that scarred the Pacific island in WWII also left a more dangerous legacy - unexploded bombs.

A Japanese airfield made the 10-kilometre (six-mile) long island a prized asset during the conflict, with the Americans determined to seize it at any cost.

The ...

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