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CBI drops coal scam case against Kumar Mangalam Birla
29 Aug 2014 at 10:38pm
NEW DELHI (Reuters) - The Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to the exchequer from allocations of coal blocks.

Global stocks rise, bond yields steady as ECB seen on hold
29 Aug 2014 at 2:20pm
NEW YORK (Reuters) - Global equity markets rose on Friday, posting their best month since February on strong U.S. data, while German bond yields edged up from record lows as expectations that the European Central Bank would ease monetary policy next week faded.

IMF board stands behind Lagarde over French probe
29 Aug 2014 at 2:01pm
WASHINGTON (Reuters) - The International Monetary Fund's board on Friday stood behind the global lender's leader Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe dating from 2008.

S&P advances to set new record in quiet session
29 Aug 2014 at 1:28pm
NEW YORK (Reuters) - U.S. stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest in a string of positive data helped extend a rally that had been briefly threatened by overseas concerns.

Palladium rises to fresh 13-1/2 year high; gold eases
29 Aug 2014 at 11:30am
NEW YORK/LONDON (Reuters) - Palladium rose to a fresh 13-1/2-year high on Friday on worries over uncertain supplies from Russia, the world's largest producer of the metal, while gold prices eased on a dollar rise and gains in U.S. equities.

Wall St edges up, set for best month since February
29 Aug 2014 at 11:17am
NEW YORK (Reuters) - U.S. stocks edged higher in a quiet session on Friday as the latest in a string of positive data pushed investors to extend a rally that had been briefly threatened by overseas concerns, although gains were capped ahead of an extended holiday weekend.

Exclusive: Reliance plans $13 billion projects including new refinery
29 Aug 2014 at 9:11am
NEW DELHI (Reuters) - Reliance Industries Ltd plans to invest about $13 billion in energy projects, including a 400,000 barrels per day (bpd) crude refinery at its Jamnagar complex, documents seen by Reuters show.

Gold steadies as stocks turn lower, heads for monthly gain
29 Aug 2014 at 8:52am
LONDON (Reuters) - Gold prices steadied on Friday, paring earlier losses as stock markets slipped lower on both sides of the Atlantic, and remained on track to end the month with a small gain.

Wall Street edges down but on track for 4th week of gains
29 Aug 2014 at 7:26am
NEW YORK (Reuters) - U.S. stocks were slightly lower on Friday, with investors finding few reasons to extend a long-running rally, even as the latest economic data joined the trend of better-than-expected reports on the economy.

India's growth speeds up in after-glow of Modi's triumph
29 Aug 2014 at 7:20am
NEW DELHI (Reuters) - The after-glow of Narendra Modi's election victory nearly four months ago helped India's lumbering economy register its fastest growth in two-and-a-half years for the quarter ending in June.

April-July fiscal deficit at $53.7 billion
29 Aug 2014 at 4:32am
NEW DELHI (Reuters) - India's fiscal deficit in the first four months of the 2014/15 financial year was 3.25 trillion rupees ($53.7 billion), or 61.2 percent of the full-year target, government data showed on Friday.

Indian power station coal stocks lowest since 2012 blackouts
29 Aug 2014 at 3:21am
NEW DELHI (Reuters) - Half of India's thermal power stations have less than a week's supply of coal on hand, according to weekly data, the lowest level since mid-2012 when hundreds of millions of people were cut off in one of the world's worst blackouts.

Tragedy-hit Malaysia Airlines to lose 6,000 jobs in bold revamp
29 Aug 2014 at 3:12am
KUALA LUMPUR (Reuters) - Malaysia Airlines (MAS) will slash nearly a third of its 20,000 workforce and cut back its global route network as part of a radical 6 billion ringgit ($1.9 billion) restructuring following the devastating impact of two jetliner disasters.

Gold steady, heads for monthly gain on Ukraine tension
29 Aug 2014 at 2:07am
SINGAPORE (Reuters) - Gold was little changed on Friday but was on track to post a monthly gain, as growing tensions between Russia and Ukraine stoked safe-haven demand for the precious metal.

Asian shares slump as Ukraine tensions flare
28 Aug 2014 at 11:30pm
TOKYO (Reuters) - Asian shares slumped on Friday, pulling back from a more than six-year high touched this week, after flaring Ukraine tensions spoiled investor risk appetite.

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