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India's growth pace likely slowed in April-June: Reuters Poll
29 Aug 2016 at 4:31am
BENGALURU (Reuters) - India's economic growth likely lost some momentum in the April-June quarter on cutbacks in domestic and global demand, a Reuters poll showed.

Bharti Airtel cuts mobile data prices as new rival Jio looms
29 Aug 2016 at 9:24am
MUMBAI (Reuters) - Bharti Airtel Ltd, India's top mobile phone carrier, cut prices of its mobile data services on a special plan on Monday, accelerating discounts in the highly competitive market as the entry of a new rival looms.

RBI says focused on bringing inflation down to 4 percent
29 Aug 2016 at 5:21am
MUMBAI (Reuters) - The Reserve Bank of India said on Monday its focus remains on bringing down consumer inflation to 4 percent, while managing cash conditions and cleaning up the banking sector of soured assets would be its other priorities.

Chinese-owned Zhongwang USA to buy aluminum products maker Aleris
29 Aug 2016 at 10:15am
(Reuters) - Zhongwang USA LLC, a division of China's Zhongwang International Group Ltd., said on Monday it would buy U.S.-based aluminum rolled products maker Aleris Corp from a fund group in a $2.33 billion deal.

New RBI chief's policies to broadly echo Rajan's: Reuters poll
29 Aug 2016 at 6:56am
BENGALURU (Reuters) - Indian monetary policy is likely to stay broadly unchanged when Urjit Patel takes over as Reserve Bank of India governor, according to a Reuters poll, but his approach to cleaning up public banks' bad debts could be less stringent.

Interview: Oil market rebalancing could take until end 2017 - Shell
29 Aug 2016 at 11:04am
STAVANGER, Norway (Reuters) - The huge global oil oversupply that has weighed on prices for the past two years may not clear until the second half of 2017, Shell's chief energy adviser Wim Thomas told Reuters.

Wall St. gains as data points to budding economy
29 Aug 2016 at 1:53pm
NEW YORK (Reuters) - Financial and commodity-sector stocks led the S&P 500 higher in a low-volume session on Monday after consumer spending rose for a fourth straight month, pointing to a pick-up in U.S. economic growth.

Britain says inward investment rose, before Brexit vote
29 Aug 2016 at 4:07pm
LONDON (Reuters) - In the last financial year before Britain voted to leave the European Union, the country gained more foreign investment projects than ever before, the government said on Tuesday.

HSBC executive pleads not guilty in U.S. over forex scheme
29 Aug 2016 at 10:31am
NEW YORK (Reuters) - A senior HSBC Holdings Plc executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank's clients.

Deloitte urges UK not to restrict skilled migrants after Brexit
29 Aug 2016 at 4:06pm
LONDON (Reuters) - Global accountant Deloitte has called on Britain's government not to clamp down on skilled migrants following Brexit, saying it could backfire on the economy.


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