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Broad rally lifts Wall St to record as BoJ bumps up stimulus
31 Oct 2014 at 9:31am
NEW YORK (Reuters) - The Dow industrials hit a record high on Friday as stocks rallied on Wall Street after the Bank of Japan significantly ramped up its stimulus program, just days after the Federal Reserve wound down its years-long package of incentives.
SEBI piles pressure on Sahara to sell overseas hotels
31 Oct 2014 at 8:52am
MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) has accused Sahara of deliberately failing to sell its marquee overseas hotels in New York and London, seen as crucial to it complying with an order to repay investors and secure the release of jailed head Subrata Roy.
Gold, silver tumble to four-year lows on rocketing dollar
31 Oct 2014 at 7:24am
LONDON (Reuters) - Gold and silver slumped to their lowest since 2010 on Friday as the dollar and stock markets soared following a new round of quantitative easing by the Bank of Japan and data showing a robust U.S. economy.
Global shares jump, yen slumps as BOJ cranks up stimulus
31 Oct 2014 at 6:02am
LONDON (Reuters) - World shares jumped and the yen fell to a near seven-year low against the dollar on Friday as the Bank of Japan surprised financial markets by significantly expanding its massive stimulus programme.
Rupee closes higher on foreign inflows, bucks weak Asia peers
31 Oct 2014 at 5:05am
MUMBAI (Reuters) - The rupee shrugged off weakness in major Asian currencies to post a modest gain Friday on strong foreign inflows, reversing the depreciating trend of the last three days.
Bonds post sharpest monthly gain in 1-1/2 years on rate cut hopes
31 Oct 2014 at 5:00am
MUMBAI (Reuters) - Indian government bonds posted their best monthly gain in 18 months on hopes easing inflation would allow the country's central bank to start trimming key policy rates earlier than expected.
India's fiscal deficit in H1 almost 83 pct of full-year target
31 Oct 2014 at 4:58am
NEW DELHI (Reuters) - India's fiscal deficit reached nearly 83 percent of its full-year target in the first half of the year, giving the government a tough job meeting its budget target even with help from a fall in global crude prices that will reduce the oil subsidy bill.
Sept infrastructure output growth slows to 1.9 pct y/y
31 Oct 2014 at 4:56am
NEW DELHI (Reuters) - India's annual infrastructure output growth slowed to 1.9 percent in September, government data showed on Friday, hit by a fall in crude oil and gas production.
Sensex surges 500 points on BOJ easing, L&T gains
31 Oct 2014 at 4:40am
MUMBAI (Reuters) - The BSE Sensex and Nifty surged nearly 2 percent on Friday to record highs for the second consecutive day after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips.
Japan's central bank shocks markets with more easing as inflation slows
31 Oct 2014 at 4:35am
TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.
Sony reports narrower Q2 loss than estimated on strong PlayStation 4 sales
31 Oct 2014 at 1:31am
TOKYO (Reuters) - Japan's Sony Corp reported a second-quarter operating loss on Friday that was narrower than analysts had estimated, as blockbuster sales of its PlayStation 4 games console reduced the impact of a sluggish smartphone division.
M&M Q2 net profit down 4 pct, hit by poor monsoon
31 Oct 2014 at 1:27am
NEW DELHI (Reuters) - Automaker Mahindra and Mahindra Ltd posted a 4 percent drop in second-quarter net profit, missing analyst estimates, after a poor and delayed monsoon hit demand for its tractors.
Govt considers ban on e-cigarettes, sale of single smokes
31 Oct 2014 at 12:54am
NEW DELHI (Reuters) - The government is considering a ban on electronic cigarettes over the risks to public health that they may cause, a senior Health Ministry official told Reuters.
China's shadow banking sector growing rapidly, third largest in world - FSB
30 Oct 2014 at 11:54pm
BEIJING (Reuters) - China's shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Friday.
Silver futures in India hit four-year low on global cues
30 Oct 2014 at 11:22pm
MUMBAI (Reuters) - Silver prices in India, the world's biggest consumer, hit a four-year low on Friday morning following losses in the world market.