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Wall St rallies, S&P 500 briefly hits record
NEW YORK (Reuters) - Wall Street's upward momentum continued on Friday, with major indexes largely rising and the S&P 500 briefly climbing to a new record as energy and industrial names outperformed.
Posted on : 2014-03-21 16:24:47
Rough road ahead for GM as U.S. Congress plots safety probe
WASHINGTON (Reuters) - The U.S. congressional investigation into General Motors Co automobile defects will bring aggressive scrutiny to a company with powerful lobbying clout and strong ties on Capitol Hill.
Posted on : 2014-03-21 14:32:43
Wall Street opens up, major indexes set for weekly gain
NEW YORK (Reuters) - U.S. stocks rose on Friday with major indexes on track for a week of strong gains, but geopolitical concerns remained in view as the tenuous situation in Ukraine continued.
Posted on : 2014-03-21 13:40:05
Nokia protests new $414 million tax claim in India
HELSINKI (Reuters) - Finland's Nokia , currently embroiled in an Indian Supreme Court tax case, said on Friday it has received a new 300 million euro sales tax bill from Tamil Nadu, a claim it considered "absurd".
Posted on : 2014-03-21 13:37:46
Government raises $1.4 billion in divestment push
MUMBAI/NEW DELHI (Reuters) - The government on Friday raised as much as $1.4 billion through share sales, in a push to shore up state finances before it heads into a tough parliamentary election next month.
Posted on : 2014-03-21 12:55:33
Weekahead - Foreign buying may underpin Sensex, Nifty
Reuters Market Eye - Continued strong foreign flows could lead Sensex, Nifty to re-touch record highs, although caution is likely to set in in the lead-up to the RBI's policy review on April 1.
Posted on : 2014-03-21 12:27:55
Chidambaram election shy as party popularity slides
NEW DELHI (Reuters) - Finance minister, P. Chidambaram, has declined to stand in upcoming national elections, adding to a sense of gloom in the Congress party as a growing list of high-profile cabinet members shies away from facing voters at the ballot box.
Posted on : 2014-03-21 12:25:46
Tesco confirms joint venture with Tata in India
LONDON (Reuters) - Britain's Tesco has sealed a joint venture agreement with a unit of Tata Group that will see it invest $140 million and become the first foreign supermarket to enter the country's $500 billion pounds retail sector.
Posted on : 2014-03-21 12:24:07
Nokia protests against new $414 million tax claim
HELSINKI (Reuters) - Finland's Nokia on Friday said it had received a new 300 million euro sales tax claim from a regional authority in India, adding that it considered the claim "absurd".
Posted on : 2014-03-21 11:56:57
Rupee gains most in two weeks on strong fund flows
MUMBAI (Reuters) - The rupee rose the most in two weeks on Friday to gain 0.5 percent for the week on the back of strong foreign flows into domestic markets even as other emerging Asian currencies buckled over concerns about U.S. interest rates and China's weakening yuan.
Posted on : 2014-03-21 11:53:29
Forex reserves rise to $297.29 bln as of March 14 - RBI
MUMBAI (Reuters) - India's foreign exchange reserves rose to $297.29 billion as of March 14 from $295.45 billion in the week earlier, the Reserve Bank of India said on Friday.
Posted on : 2014-03-21 11:43:18
Sensex, Nifty end higher; metal, tech stocks gain
MUMBAI (Reuters) - The BSE Sensex and Nifty edged higher on Friday, but continued to stay away from their record highs hit early in the week, as investors booked profits in some recent outperformers such as ONGC while buying into relative underperformers such as Tata Motors.
Posted on : 2014-03-21 11:20:16
Axis Bank surges, RIL falls on FTSE adjustment
Reuters Market Eye - Axis Bank surged 2.7 percent on speculation that its weightage in FTSE indices is due to increase when the index provider rejigs the composition of its benchmarks after the close of markets on Friday.
Posted on : 2014-03-21 10:32:41
Sensex ends record-setting week with slight gains
MUMBAI (Reuters) - The BSE Sensex edged higher on Friday, but continued to stay away from its record highs hit early in the week, as investors booked profits in some recent outperformers such as ONGC while buying into relative underperformers such as Tata Motors.
Posted on : 2014-03-21 10:11:43
HDFC plans to raise up to 10 billion rupees via bonds
MUMBAI (Reuters) - Housing Development Finance Corp , India's biggest mortgage lender, is planning to raise up to 10 billion rupees through 15-month bonds at 9.60 percent annual coupon, a source with direct knowledge of the matter said.
Posted on : 2014-03-21 09:32:40
World markets steady after Fed policy ructions
LONDON (Reuters) - World markets steadied on Friday after a volatile run driven by speculation over shifts in U.S. monetary policy, with stocks up slightly, Bunds flat and the euro at a two-week low against the dollar.
Posted on : 2014-03-21 09:23:40
Rupee off highs, stocks give up gains
Reuters Market Eye - The rupee is still at 61.15/16 vs previous close of 61.34/35, though off lows of 60.9850.
Posted on : 2014-03-21 08:28:12
Govt sells Axis Bank stake for over $900 mln - sources
MUMBAI (Reuters) - The government has raised more than $900 million by selling a 9 percent stake in Axis Bank Ltd, two sources with direct knowledge of the development said on Friday.
Posted on : 2014-03-21 07:22:58
RBI chief says haven't moved to targeting inflation
MUMBAI (Reuters) - Reserve Bank of India Governor Raghuram Rajan said on Friday the central bank has not yet moved to an inflation target, and was still exploring the suggestions on the subject drafted by a panel with the government.
Posted on : 2014-03-21 06:56:22
Asia stocks steady after Fed scare, eye further yuan slide
SYDNEY (Reuters) - Asian markets found their footing on Friday after Wall Street shook off concerns about Federal Reserve policy, while a spike in U.S. bond yields kept the dollar underpinned near three-week highs.
Posted on : 2014-03-21 06:44:03
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