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Coal India resumes work in mines shut by protesters
BHUBANESWAR India (Reuters) - Mahanadi Coalfields, a unit of Coal India Ltd, said on Monday it resumed operations at three of its mines in Odisha state that were shut on Friday as locals protested its plan to relocate them to make way for planned mine expansion.
Posted on : 2014-07-14 08:13:29
Gold falls 1.5 pct on stronger equities, stop-loss selling
SINGAPORE (Reuters) - Gold slid 1.5 percent on Monday in its biggest one-day drop in nearly seven weeks on selling from stop-loss orders and as Asian share markets gained strength.
Posted on : 2014-07-14 08:04:52
Global fund managers face multi-asset skills shortage
LONDON (Reuters) - Global fund management firms are struggling with a skills shortage as the industry moves towards multi-asset investing in an attempt to improve returns, a study showed on Monday.
Posted on : 2014-07-14 08:03:58
India caps prices of 108 more medicines; drugmakers to take hit
MUMBAI (Reuters) - India's pharmaceutical pricing regulator has cut and capped the prices of more than 100 drugs used to treat diseases ranging from diabetes to HIV to malaria, a move likely to hit the profit margins of drug firms like Sanofi SA , Abbott Laboratories and Ranbaxy Laboratories Ltd .
Posted on : 2014-07-14 07:28:18
Metal companies gain on optimism ahead of China GDP
Reuters Market Eye - Shares in metal refiners rise with Hindalco Industries gaining over 3.5 percent on optimism ahead of China GDP data due on Wednesday, several traders say.
Posted on : 2014-07-14 07:04:21
S&P says budget has no impact on India's sovereign ratings
MUMBAI (Reuters) - Standard & Poor's said the budget would not have an impact on India's sovereign ratings until the agency could see how the measures will be implemented, especially regarding meeting the fiscal deficit target.
Posted on : 2014-07-14 06:52:30
June WPI inflation eases to four-month low of 5.43 pct
NEW DELHI (Reuters) - India's wholesale price inflation in June eased to a four-month low of 5.43 percent, helped by slower increases in food and fuel costs, government data showed on Monday.
Posted on : 2014-07-14 06:46:50
Sensex edges lower as overseas investors sell
Reuters Market Eye - The BSE Sensex falls 0.11 percent, retreating further after posting its biggest weekly loss since December 2011 on Friday. The Nifty is down 0.05 percent.
Posted on : 2014-07-14 05:30:27
India's 2014/15 indirect tax target is tough - revenue secretary
NEW DELHI (Reuters) - The government faces "a challenge" in achieving the budgeted indirect tax target in the current fiscal year, the revenue secretary said on Monday.
Posted on : 2014-07-14 05:12:34
Rupee trades flat in line with domestic shares
Reuters Market Eye - The rupee is steady at 59.93/94 compared to Friday's close, as the stock market trades flat on back of foreign investor sales, even as Asian currencies trade mixed against the dollar.
Posted on : 2014-07-14 04:15:53
Asian shares edge higher, oil nurses losses
SYDNEY (Reuters) - Asian shares rose on Monday as euro zone banking jitters faded, but investors remained cautious ahead of corporate earnings and a raft of global economic events, including testimony from the head of the Federal Reserve.
Posted on : 2014-07-14 04:08:57
Gold eases but still near four-month high on safe-haven bids
SINGAPORE (Reuters) - Gold ticked lower on Monday as Asian share markets gained strength, but the metal stayed close to a four-month high hit last week on safe-haven demand from escalating tensions in the Middle East and Ukraine.
Posted on : 2014-07-14 04:07:24
Asian shares nudge higher, oil nurses losses
SYDNEY (Reuters) - Asian share markets edged higher on Monday as euro zone banking jitters faded, to be replaced by caution ahead of corporate earnings and a raft of global economic events including testimony from the head of the Federal Reserve.
Posted on : 2014-07-14 00:48:47
Citi, U.S. $7 billion settlement announcement expected Monday
NEW YORK (Reuters) - Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.
Posted on : 2014-07-14 00:11:41
South Korea quietly intervenes on the won to bolster economy
SEOUL (Reuters) - South Korea's foreign exchange authorities have been engaged in a quiet war in recent months to hold down the won, throwing more firepower at it than for years in a bid to support exports and help keep the economy on its fragile recovery track.
Posted on : 2014-07-13 23:59:57
Modi's farm export curbs may ease India's June inflation
NEW DELHI (Reuters) - India's inflation probably eased marginally in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the central bank to keep interest rates on hold.
Posted on : 2014-07-13 23:34:56
Modi's farm export curbs may ease June inflation
NEW 14 DELHI (Reuters) - India's inflation probably eased marginally in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the central bank to keep interest rates on hold.
Posted on : 2014-07-13 22:15:27
Finance secretary Mayaram defends 4.1 percent fiscal deficit target
NEW DELHI (Reuters) - Finance Secretary Arvind Mayaram said that plans announced in this week's budget to stick to a fiscal deficit target of 4.1 percent of GDP are "very credible", despite criticism from ratings agencies that the number is optimistic.
Posted on : 2014-07-12 12:10:21
Aerospace jamboree on tenterhooks over F-35 fighter, Airbus jet revamp
LONDON (Reuters) - Suspense over the appearance of America's newest combat jet, a diplomatic chill between the West and Russia and the re-launch of an Airbus jet with a surprise tweak in its name could make the Farnborough Airshow one of the least predictable for years.
Posted on : 2014-07-12 11:27:53
China demands wall around wealth management sector to cut risk
SHANGHAI (Reuters) - Chinese banks must create a firewall around increasingly popular wealth management services, the country's banking regulator urged, in order to avoid any contagion from higher risk products spreading to normal bank loans.
Posted on : 2014-07-12 10:16:30
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