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Services growth picks up pace in January - PMI
BENGALURU (Reuters) - Growth among India's services firms picked up pace in January as burgeoning order books boosted confidence, suggesting further expansion this month, a business survey showed on Wednesday.
Posted on : 2015-02-04 05:06:27
Around 12 mln tonnes of iron ore stuck at Indian ports - officials
SINGAPORE/NEW DELHI (Reuters) - Around 12 million tonnes of low-grade iron ore has been stuck at Indian ports for months, stranded as hefty export taxes and plunging prices make higher quality ore more appealing to buyers, said industry and government officials.
Posted on : 2015-02-04 04:38:38
Oil slips after four-day rally
SINGAPORE (Reuters) - Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions.
Posted on : 2015-02-04 04:17:30
BOJ deputy governor says price uptrend intact, defends two-year timeframe
SENDAI, Japan (Reuters) - Bank of Japan Deputy Governor Kikuo Iwata said on Wednesday the recent collapse in oil prices has not hampered a broad uptrend in consumer prices, stressing that the effect of the bank's monetary stimulus is working its way through the economy.
Posted on : 2015-02-04 04:07:02
Samsung loses pole position in India smartphone market to Micromax - Canalys
MUMBAI (Reuters) - Budget smartphone maker Micromax leapfrogged South Korea's Samsung Electronics Co Ltd to become the leading supplier in India's booming smartphone market for the first time in the fourth quarter, research firm Canalys said.
Posted on : 2015-02-04 03:52:51
Asian share markets rally, warily watching oil
SYDNEY (Reuters) - Asian share markets followed Wall Street higher on Wednesday as revived risk sentiment dented the U.S. dollar and sovereign bonds, though it was far from clear how long the sudden mood swing would last.
Posted on : 2015-02-04 02:33:34
Gold struggles as Greek plan boosts equities
SINGAPORE (Reuters) - Gold was steady but failed to rebound on Wednesday after falling more than 1 percent in the previous session as Greece's plan to end a standoff with creditors lifted the appetite for risky assets such as equities.
Posted on : 2015-02-04 01:49:36
China Jan HSBC services PMI at six-month low, more stimulus expected
BEIJING (Reuters) - China's services sector grew at the slowest pace in six months in January as growth in new business weakened, a private survey showed, raising expectations that policymakers may unveil more stimulus steps to avert a sharper slowdown in the world's second-largest economy.
Posted on : 2015-02-04 01:49:05
Global oil and stocks jump in setback for dollar, bonds
SYDNEY (Reuters) - Oil prices were holding hefty gains in Asia on Wednesday having rallied 19 percent in just four sessions, while the U.S. dollar nursed big losses as a revival in risk appetite swept through crowded trading positions.
Posted on : 2015-02-04 00:01:53
Wall Street posts second day of strong gains, led by energy
NEW YORK (Reuters) - U.S. stocks jumped more than 1 percent on Tuesday, led by energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance.
Posted on : 2015-02-03 22:03:55
Global stocks, oil rally on Greek plan; dollar falls
NEW YORK (Reuters) - Stock markets rallied around the world on Tuesday while the U.S. dollar fell after the new Greek government dropped calls for a write-down of its foreign debt, easing concerns about growing instability in the euro zone.
Posted on : 2015-02-03 21:24:39
In China, Spring Air's surge lures investors - and low-cost rivals
BEIJING (Reuters) - A rush to buy into China's only listed low-cost carrier has sent Spring Airlines Co shares rocketing just as new arrivals herald the beginnings of a price war that could eat into already-low profit margins.
Posted on : 2015-02-03 21:22:52
Wall Street rallies tracking oil, car sales
NEW YORK (Reuters) - U.S. stocks rose more than 1 percent on Tuesday, led by gains in energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance.
Posted on : 2015-02-03 21:18:19
Twitter stock jumps on ad partnership with mobile apps, websites
SAN FRANCISCO (Reuters) - Twitter Inc's stock jumped more than 6 percent on Tuesday after the social media company said its promoted tweets will appear on third-party mobile apps and websites under a new advertising distribution program.
Posted on : 2015-02-03 19:26:14
S&P reaches $1.5 billion deal with U.S., states over crisis-era ratings
REUTERS - Credit rating firm Standard & Poor's will pay $1.5 billion to resolve a collection of lawsuits over its ratings on mortgage securities that soured in the run-up to the 2008 financial crisis, concluding one of the U.S. government's most ambitious cases tied to the housing collapse.
Posted on : 2015-02-03 19:17:22
Wall St advances on Greek deal hopes, oil climb
NEW YORK (Reuters) - U.S. stocks gained on Tuesday, as the benchmark S&P 500 index extended a late rally from the prior session, fueled by hopes of a deal on Greek debt and by rising oil prices.
Posted on : 2015-02-03 17:28:08
Curbs on foreign investment in India corp bonds to apply immediately
MUMBAI (Reuters) - The Reserve Bank of India and the Securities and Exchange Board of India said a rule announced earlier in the day preventing foreign investors from buying corporate bonds with less than three years remaining until maturity would come into effect immediately.
Posted on : 2015-02-03 16:50:21
Wall St gains on Greek deal hopes, oil climb
NEW YORK (Reuters) - U.S. stocks climbed on Tuesday, as the benchmark S&P 500 index built on a rally in the prior session fueled by hopes of a deal on Greek debt and by rising oil prices.
Posted on : 2015-02-03 15:59:27
RBI extends range of interbank collateral
MUMBAI (Reuters) - The Reserve Bank of India extended the range of collateral that can be used for repo transactions on the country's interbank market to include bonds issued by multilateral financial institutions such as the World Bank and Asian Development Bank.
Posted on : 2015-02-03 15:03:50
Wall St surges on Greek deal hopes, oil lift
NEW YORK (Reuters) - U.S. stocks jumped at the open on Tuesday, with the benchmark S&P 500 index poised to continue a rally fueled by hopes of a deal on Greek debt and by firmer oil prices.
Posted on : 2015-02-03 14:58:58
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