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Brent holds above $108 ahead of Libya ports restart, Fed meet
SINGAPORE (Reuters) - Brent crude held above $108 a barrel on Friday as traders eyed a restart of ports in eastern Libya while also looking ahead to next week's Federal Reserve meeting for any changes to its massive stimulus programme.
Posted on : 2013-12-13 06:23:25
Micromax aims to go global, high-end with smartphones
NEW DELHI/MUMBAI (Reuters) - Micromax, which has become India's No. 2 smartphone brand just five years after selling its first handset - a $30 made-in-China model - is looking to go upmarket and overseas.
Posted on : 2013-12-13 06:15:04
Wal-Mart names new head for India business
MUMBAI (Reuters) - Wal-Mart Stores Inc , the world's largest retailer, on Friday named Krish Iyer as the new president and chief executive officer of its Indian unit, effective January 20.
Posted on : 2013-12-13 05:59:07
Sensex lower; retail inflation raises rate-hike fears
Reuters Market eye - The BSE Sensex falls 0.44 percent, while the Nifty is down 0.52 percent, heading towards their fourth consecutive day of falls.
Posted on : 2013-12-13 05:37:22
Gold struggles as tapering fears, fund outflows persist
SINGAPORE (Reuters) - Gold held on to most of the previous session's sharp losses on Friday as strong U.S. retail data stoked fears of an early end to monetary stimulus and fund outflows accelerated.
Posted on : 2013-12-13 05:34:14
Rate hike bets rise; inflation surge hits rupee, bonds
MUMBAI (Reuters) - The rupee fell and bond yields surged on Friday after retail inflation spiked to its highest on record, raising expectations of another rate hike by the RBI and adding to the woes of the embattled government.
Posted on : 2013-12-13 05:00:40
Asian shares frozen in Fed headlights, yen hits the skids
SYDNEY (Reuters) - Asian markets were mostly flatlining on Friday as investors fret over the outlook for U.S. policy stimulus, but Japanese stocks forged ahead as the yen slid to a five-year trough on the dollar.
Posted on : 2013-12-13 04:57:41
Asia-Pacific M&A volume falls for third consecutive year, deal size grows
HONG KONG (Reuters) - Asia-Pacific M&A volumes fell 3.3 percent this year, recording the smallest annual tally in four years with stock market volatility hitting the confidence of buyers.
Posted on : 2013-12-13 04:23:04
Rupee, bonds fall after rate hike bets rise
MUMBAI (Reuters) - The rupee fell and bonds yields surged on Friday after retail inflation spiked, raising bets of a rate hike at the RBI's policy meeting next week.
Posted on : 2013-12-13 03:56:55
Asian shares frozen in Fed headlights, yen skids
SYDNEY (Reuters) - Asian markets were jittery on Friday as investors fret over the outlook for U.S. policy stimulus, though Japanese stocks drew some comfort from a reversal in the yen which slid to a seven-month trough on the dollar.
Posted on : 2013-12-13 01:06:47
Dollar gains, world share markets slip on wary view of Fed
NEW YORK (Reuters) - The dollar rose and global equity markets slipped to a one-month low on Thursday after stronger-than-expected U.S. retail sales data added to jitters about when the Federal Reserve will start trimming its stimulus.
Posted on : 2013-12-12 22:09:45
Cheap brand Micromax aims to go global, high-end
NEW DELHI/MUMBAI (Reuters) - Micromax, which has become India's No. 2 smartphone brand just five years after selling its first handset - a $30 made-in-China model - is looking to go upmarket and overseas.
Posted on : 2013-12-12 21:29:32
Asia FX carry trade returns but hostage to volatility
SINGAPORE (Reuters) - The currency carry trade is making a slow comeback in Asia although, unlike its popular pre-crisis version, punters are more selective in their investment targets for fear that market volatility could leave them with losses.
Posted on : 2013-12-12 21:11:20
GM ties up loose ends as reign of new CEO nears
DETROIT (Reuters) - General Motors Co checked off items from its to-do list as the era of a new chief executive approaches, with the automaker announcing on Thursday that it has sold the stake in its former finance arm and in its French auto partner.
Posted on : 2013-12-12 21:07:39
Peugeot takes writedown, gets GM's backing for Dongfeng deal
PARIS/LONDON (Reuters) - PSA Peugeot Citroen said on Thursday it took a 1.1 billion euro writedown at its ailing overseas operations and is pursuing a tie-up with China's Dongfeng Motor Group that would give the French carmaker the time and cash to pull out of its downward spiral.
Posted on : 2013-12-12 20:52:59
Wall Street dips on taper uncertainty, Facebook rallies
NEW YORK (Reuters) - U.S. stocks dipped on Thursday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus.
Posted on : 2013-12-12 20:45:21
Wall Street opens flat in wake of mixed data
NEW YORK (Reuters) - U.S stocks were little changed at the open Thursday as the market digested mixed data that showed a rise in weekly jobless claims and stronger-than-expected retail sales for November.
Posted on : 2013-12-12 15:07:29
India's battle with weak growth, high inflation gets more challenging
NEW DELHI (Reuters) - India's battle with inflation and weak economic growth became more challenging on Thursday with a sharp spike in the cost of food driving the highest retail price rises on record and a worse-than-anticipated contraction in industrial production.
Posted on : 2013-12-12 14:49:50
Wall Street set for higher open after worst decline in a month
NEW YORK (Reuters) - The S&P 500 was poised to open higher Thursday after posting its biggest decline in over a month a day earlier, as the market digested mixed data that showed a rise in weekly jobless claims and stronger-than-expected retail sales for November.
Posted on : 2013-12-12 14:27:34
RBI chief Rajan: Not much room for monetary accommodation
KOLKATA, India (Reuters) - Reserve Bank of India (RBI) Governor Raghuram Rajan said on Thursday there was not much room to indulge in monetary policy accommodation, given inflation was high.
Posted on : 2013-12-12 13:51:42
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