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Weekahead - Sensex, Nifty seen volatile on global factors; RBI eyed
1 Aug 2014 at 8:43pm
REUTERS - The BSE Sensex and Nifty may remain volatile amid global risk aversion.

Wall St Week Ahead - Despite sharp selloff, too early to worry about a correc...
1 Aug 2014 at 2:15pm
NEW YORK (Reuters) - Wall Street's worst week in two years was enough to get investors worried about whether a long-overdue correction is coming, but analysts are still leaning bullish.

Wall Street ends down; S&P has worst week since 2012
1 Aug 2014 at 1:10pm
NEW YORK (Reuters) - U.S. stocks ended lower on Friday as jobs data suggesting the Federal Reserve has room to keep interest rates low for some time was offset by lingering concern over Argentina's default.

Fed's Fisher, Plosser push for earlier rate hike
1 Aug 2014 at 11:24am
SAN FRANCISCO/WASHINGTON (Reuters) - Two top Federal Reserve officials known for their hawkish policy views said Friday they believed the U.S. economy was ready for interest rate hikes sooner than many expect, with one saying he thought rate hikes should start this year.

New 'iBillionaire' ETF looks to bring Buffett and Icahn to the masses
1 Aug 2014 at 10:33am
NEW YORK (Reuters) - Mom and pop investors hoping to emulate the investment savvy of Wall Street's wealthiest like Warren Buffett and Carl Icahn will have a new way into markets on Friday when the latest low-cost exchange-traded fund tracking the stock picks of big name investors begins trading.

China manufacturing gathers pace, Europe falters, U.S. steady
1 Aug 2014 at 10:14am
BEIJING/LONDON/NEW YORK (Reuters) - Manufacturing activity in China and most of Asia gathered pace in July, while expansion slowed in Europe but remained healthy in the United States.

Doubts surface about Modi after trade deal scuppered
1 Aug 2014 at 9:16am
NEW DELHI (Reuters) - Prime Minister Narendra Modi came to office with a reputation as a business-friendly leader ready to open up one of the world's biggest markets and sweep away the remnants of the country's socialist past.

Global shares trim losses, dollar dips after jobs report
1 Aug 2014 at 8:57am
PARIS (Reuters) - Shares trimmed losses and the dollar dipped on Friday after the U.S. reported job growth slowed more than expected in July and the unemployment rate unexpectedly rose, easing worries that interest rates will rise soon.

India says WTO deal not dead, can sign in Sept if concerns addressed
1 Aug 2014 at 8:20am
NEW DELHI/GENEVA (Reuters) - India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday.

Jailed Subrata Roy gets office to negotiate hotel sales
1 Aug 2014 at 8:03am
NEW DELHI (Reuters) - The Supreme Court has granted jailed business tycoon Subrata Roy an office, a phone, Internet connection and three secretaries in the Delhi prison that has been his home for five months so he can sell two of his company's iconic hotels to help pay bail.

Pfizer says threats to managers force staff lockout at Mumbai factory
1 Aug 2014 at 8:03am
MUMBAI (Reuters) - Pfizer Ltd, the Indian unit of U.S. drugmaker Pfizer Inc PFE.N, said on Friday it locked out staff at its Mumbai drug factory after some employees tried to disrupt production lines and threatened management.

Rupee posts biggest weekly loss since record lows in August
1 Aug 2014 at 6:15am
MUMBAI (Reuters) - The rupee posted its biggest weekly fall since record low levels in August last year as the rally in the dollar in global markets spurred banks to buy the U.S. currency for corporate clients, prompting mild intervention by the central bank.

India expects deal on trade facilitation, food security in Sept - source
1 Aug 2014 at 5:41am
NEW DELHI (Reuters) - India is prepared to engage with members of the World Trade Organisation (WTO) to sign a deal on trade facilitation and food security in September, a senior trade ministry official said on Friday.

India plans $1.5 bln cellphone air waves auction in February - memo
1 Aug 2014 at 5:12am
MUMBAI (Reuters) - India plans to hold an auction of airwaves for mobile phone network operators in February next year and aims to raise an initial $1.5 billion, according to a draft government plan seen by Reuters.

Business as unusual for sanguine Argentines in default deja vu
1 Aug 2014 at 5:05am
BUENOS AIRES (Reuters) - Argentina may have defaulted on its debt for the second time in 12 years on Thursday, but the packed elegant cafes in Buenos Aires show little sign of distress and shoppers rather than protestors fill the streets.

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