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India to release Dec WPI inflation data on Jan 15
NEW DELHI (Reuters) - India will release December's wholesale price index-based inflation data a day later on January 15, a trade and industry ministry spokesman said, as government offices will remain closed on Tuesday for a religious holiday.
Posted on : 2014-01-13 08:37:18
Rupee stays near one-month highs; oil demand limits further gain
Reuters Market Eye - The rupee is trading at 61.52/53 after hitting 61.49, its lowest since December 12 and below its close of 61.89/90 on Friday.
Posted on : 2014-01-13 07:52:56
India seeking long-term oil supply contract with Canada - minister
NEW DELHI (Reuters) - India is seeking a long-term oil supply contract with Canada, oil minister Veerappa Moily said on Monday.
Posted on : 2014-01-13 06:41:02
HSBC starts coverage of Britannia with 'overweight'
Reuters Market Eye - HSBC initiates coverage of Britannia Industries Ltd with an "overweight" rating and a price target of 1,100 rupees, citing the company's strength in the fast-growing mid-to-premium segment in biscuits/bakery.
Posted on : 2014-01-13 05:46:33
Oil shares gain; govt ratifies gas formula change
Reuters Market Eye - Shares of Indian oil and gas companies gain after the government officially notified a decision taken last year to change the pricing formula for domestic natural gas from April 1, removing the uncertainty on what effectively constitutes a price hike.
Posted on : 2014-01-13 05:20:44
Sensex rallies on hopes RBI will hold rates; IT stocks lead
Reuters Market Eye - The BSE Sensex gains 1.26 percent, while broader Nifty advances 1.17 percent. Traders cite hopes the Reserve Bank of India will keep interest rates on hold for a second consecutive month at its policy review on January 28 after data on Friday showed industrial output in November unexpectedly contracted, while consumer prices data due later in the day is expected to show easing inflation.
Posted on : 2014-01-13 05:16:12
Asian shares mostly firmer, gold gains as dollar skids
SYDNEY (Reuters) - Asian shares and currencies were mostly firmer on Monday in the wake of surprisingly weak U.S. jobs numbers that added to the case for the Federal Reserve to keep rates low for longer.
Posted on : 2014-01-13 05:10:28
Gold rallies to highest in a month as U.S. jobs growth slows
SINGAPORE (Reuters) - Gold extended gains to a third session on Monday to hit its highest in a month after a surprisingly weak U.S. jobs report stoked expectations that the Federal Reserve could temper the pace of its stimulus wind-down.
Posted on : 2014-01-13 04:51:05
Rupee at one-month high; CPI data in focus
Reuters Market Eye - The rupee is trading at 61.55/56 after hitting 61.52 at open, its highest since December 12 and below its close of 61.89/90 on Friday.
Posted on : 2014-01-13 04:20:41
Inflation probably eased in Dec on lower food prices
NEW DELHI (Reuters) - India's stubbornly high inflation finally appears to be slowing down following a cooling in vegetable prices, bringing some relief to the ruling Congress party which is struggling to win back voters ahead of a national election due by May.
Posted on : 2014-01-13 03:31:51
Inflation probably eased in December: Reuters Poll
NEW DELHI (Reuters) - India's stubbornly high inflation finally appears to be slowing down following a cooling in vegetable prices, bringing some relief to the ruling Congress party which is struggling to win back voters ahead of a national election due by May.
Posted on : 2014-01-13 02:16:43
New CEO Barra a GM 'lifer' bent on tearing down walls
DETROIT (Reuters) - Mary Barra, the next CEO of General Motors Co , sent a powerful message to colleagues last year when she challenged about 250 designers and engineers at GM's Vehicle Engineering Center - to a paper sailboat race.
Posted on : 2014-01-12 18:40:59
Global auto sales forecast rosy, with reservations, for 2014
DETROIT (Reuters) - Automakers are upbeat about global auto sales this year despite fears of a slowdown in the United States, which generates big profits and where sales have surged 50 percent since the recession.
Posted on : 2014-01-12 17:17:38
In Japan, Detroit demands broad access but targets narrow niche
TOKYO (Reuters) - American "muscle car" enthusiast Satoshi Kimiwada says his business selling used Chevrolet Camaros, Ford Mustangs other U.S. cars in Yokohama is on the verge of extinction.
Posted on : 2014-01-12 17:14:51
China says to strengthen supervision of IPOs
SHANGHAI (Reuters) - China will strengthen its supervision over initial public offerings (IPOs), the securities regulator said late on Sunday, two days after a small drug maker postponed its share sale saying it was "too big".
Posted on : 2014-01-12 16:44:40
Exclusive - U.S. investigating Honeywell over export, import controls
WASHINGTON (Reuters) - The U.S. Justice Department is investigating export and import procedures at Honeywell International Inc after the firm included Chinese parts in equipment it built for the F-35 fighter jet, three sources familiar with the matter said.
Posted on : 2014-01-12 14:29:28
Inflation, strangely low, holds key to 2014 Fed policy
SAN FRANCISCO/NEW YORK (Reuters) - Stubbornly weak inflation is shaping up as the wild card for U.S. monetary policy makers this year, with top Federal Reserve officials stumped by why it has lingered so low for so long and at odds as to what to do about it.
Posted on : 2014-01-12 14:25:02
Tata's JLR taps global markets for record sales
LONDON (Reuters) - British luxury car manufacturer Jaguar Land Rover sold a record volume of vehicles last year, when rising demand in markets such as Brazil, China, India and the United States helped it boost sales by sales by 19 percent.
Posted on : 2014-01-12 14:22:25
Indonesia bans nickel, bauxite concentrate exports under new rule
JAKARTA (Reuters) - Exports of Indonesian nickel and bauxite concentrates are prohibited under a new mineral export ban which came into effect on Sunday and regulations passed by President Susilo Bambang Yudhoyono do not change that, said a senior government official.
Posted on : 2014-01-12 09:46:22
Trafigura passes baton to next generation of billionaire traders
LONDON (Reuters) - Commodity trading giant Trafigura is going through a once-in-a-generation ownership reshuffle, spending billions of dollars to buy out its earliest shareholders and allocating stock to a new generation of would-be billionaire traders.
Posted on : 2014-01-12 09:28:11
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