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Global Economy Weekahead - Falling inflation a worry for Europe but also the ...
23 Nov 2014 at 1:51am
LONDON (Reuters) - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy.
Coal India trade unions call off strike in victory for Modi
23 Nov 2014 at 12:59am
NEW DELHI (Reuters) - The labour unions of state-run Coal India have called off a strike planned for Monday in protest against a stake sale and opening up of the industry, setting the stage for Prime Minister Narendra Modi to press ahead with energy reforms.
China rate cut knocks legs from under yuan rally, more volatility seen
22 Nov 2014 at 11:45pm
SHANGHAI (Reuters) - China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005.
China rate cut, European stimulus hints lift markets
21 Nov 2014 at 2:03pm
NEW YORK (Reuters) - World stock markets and oil prices rallied on Friday, fuelled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.
Wall Street ends at records on central bank action
21 Nov 2014 at 1:40pm
NEW YORK (Reuters) - U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy.
Wall Street Week Ahead: Giving thanks for big stock gains
21 Nov 2014 at 1:39pm
NEW YORK (Reuters) - U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.
Central banks set Wall Street up for 5th straight weekly gain
21 Nov 2014 at 11:45am
NEW YORK (Reuters) - U.S. stocks rose on Friday, putting major indexes on track for a fifth straight weekly advance, after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy.
Gold hits 3-week high after China rate cut, ECB comments
21 Nov 2014 at 11:42am
NEW YORK/LONDON (Reuters) - Gold climbed above $1,200 an ounce on Friday to its highest in three weeks, helped by short-covering and after a surprise interest rate cut by China fueled hopes that demand would rise in the world's biggest consumer of the metal.
China cuts interest rates to spur growth, ease debt pressure
21 Nov 2014 at 10:25am
BEIJING (Reuters) - China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt.
RBI cautious on response to gold import surge
21 Nov 2014 at 6:21am
MUMBAI (Reuters) - The Reserve Bank of India, grabbling with a surge in gold imports last month, could support some restrictions for trading houses but two senior policymakers involved in the bank's decision-making said officials were also wary of overreacting.
Wall St set to open higher on China rate cut, ECB hopes
21 Nov 2014 at 6:02am
NEW YORK (Reuters) - Wall Street was poised to open higher on Friday, setting major stock indexes up for a fifth week of gains, after China's central bank cut its benchmark interest rate for the first time in more than two years to boost its cooling economy.
SEC director with big stock holdings stirs debate
21 Nov 2014 at 6:01am
WASHINGTON (Reuters) - Keith Higgins, who runs the office that reviews public companies' books at the U.S. Securities and Exchange Commission, reported stock holdings worth between about $2 million and $6 million last year and the sale of stocks throughout 2014, according to SEC disclosures viewed by Reuters.
VW unveils multi-billion auto investments through next five years
21 Nov 2014 at 5:40am
FRANKFURT (Reuters) - Volkswagen AG is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.
China commits $45.6 billion for economic corridor with Pakistan
21 Nov 2014 at 5:24am
ISLAMABAD (Reuters) - The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday.
Factbox - Modi picks up pace on economic reform, opposition remains
21 Nov 2014 at 4:58am
NEW DELHI (Reuters) - Prime Minister Narendra Modi is increasing his focus on economic reforms including raising the cap on foreign investment in the insurance sector and changes to tax and labour rules that could accelerate recovery, but he faces stiff opposition.