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Weak demand weighs on China factory, services firms in March, more easing seen
31 Mar 2015 at 7:33pm
BEIJING (Reuters) - Surveys of China's manufacturing and services sectors showed persistent weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown.
Gold turns lower on firm dollar, set for second monthly fall
31 Mar 2015 at 6:19pm
NEW YORK/LONDON (Reuters) - Gold turned lower on Tuesday, pressured by the firm U.S. dollar and weak oil prices, and with expectations that the Federal Reserve will increase interest rates this year pushing bullion toward its second monthly decline.
Asian stocks sag, Greek worries continue to dog euro
31 Mar 2015 at 6:12pm
TOKYO (Reuters) - Asian stocks sagged on Wednesday, taking their lead from weaker U.S. shares, while the dollar held to sizeable gains against a euro dogged by nerves over Greek debt negotiations.Crude oil prices continued declining as negotiations between Iran and world powers over nuclear technology with potential supply implications dragged on beyond a deadline.
GoDaddy IPO values company at $4.5 billion
31 Mar 2015 at 5:04pm
(Reuters) - Web hosting company GoDaddy Inc has priced its initial public offering at $20 per share, above its previously indicated $17 to $19 per share range, valuing it at around $4.5 billion, including debt, according to underwriting sources.
Euro posts record quarterly drop; Wall St. ends day lower
31 Mar 2015 at 2:17pm
NEW YORK (Reuters) - The euro closed out the worst quarter in its 15-year history on Tuesday, slammed by monetary policy changes and worries about Greece, while U.S. stocks retreated a day after posting big gains.
Stock options, new blood as India's state banks ready for change
31 Mar 2015 at 2:07pm
MUMBAI, (Reuters) - State Bank of India , the country's largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector.
Oil deepens loss on Iran talks; Brent ends March down 12 percent
31 Mar 2015 at 1:42pm
NEW YORK (Reuters) - Oil fell for a third straight session on Tuesday, with Brent crude tumbling 12 percent for the month, as world powers entered into intense negotiations with Iran for a nuclear deal that could bring more of its oil to an oversupplied market.
Soros, India's Chatterjee win dismissal of TradeWinds lawsuit
31 Mar 2015 at 1:37pm
NEW YORK (Reuters) - Billionaire investor George Soros and Indian entrepreneur Purnendu Chatterjee on Tuesday won the dismissal of a U.S. lawsuit in which cargo carrier TradeWinds Airlines Inc sought to have them pay a $54.9 million judgement it could not collect.
Cabinet clears ordinance to extend land reforms
31 Mar 2015 at 11:18am
NEW DELHI (Reuters) - The Union Cabinet cleared a new ordinance on land purchases on Tuesday, government officials said, extending measures to make transactions easier that Prime Minister Narendra Modi has been unable to get onto the statute book.
India acts to reduce cost of urea supplies to farmers
31 Mar 2015 at 10:59am
NEW DELHI (Reuters) - The Union Cabinet approved a move on Tuesday to supply gas for urea production at a uniform price to fertiliser plants through a pooling mechanism, lowering costs and boosting production of India's most widely consumed fertiliser.
RBI relaxes foreign investment norms for exchange-traded FX derivatives
31 Mar 2015 at 8:38am
MUMBAI (Reuters) - The Reserve Bank of India (RBI) relaxed rules for foreign investors in exchange-traded currency derivatives by increasing the trading limits allowed without an underlying exposure for the USD/INR pair to $15 million per exchange from $10 million earlier.
Wall St dips after rally; indexes set for quarterly gain
31 Mar 2015 at 8:19am
NEW YORK (Reuters) - U.S. stocks fell on Tuesday in a modest retreat from the previous session's sharp rally, but major indexes remained on track for a positive first quarter and the S&P 500 was set for its ninth straight quarterly rise.
India in biggest wheat import deals since 2010 as rains damage crop
31 Mar 2015 at 7:05am
SINGAPORE/NEW DELHI (Reuters) - India has bought up to 80,000 tonnes of Australian wheat in recent deals, three trade sources said on Tuesday, the biggest such imports by the country in five years as unseasonal rains damage the crop at home.
RIL signs production sharing pact for offshore blocks in Myanmar
31 Mar 2015 at 7:03am
MUMBAI (Reuters) - Indian oil and gas major Reliance Industries said on Tuesday it had signed an agreement with Myanmar for a production sharing contract for two offshore blocks.
Vistara plans to expand into international routes
31 Mar 2015 at 6:13am
GURGAON (Reuters) - Vistara plans to expand its fleet size and start flying to overseas destinations within two years, the airline's CEO said on Tuesday, ahead of an expected change in rules that could allow new carriers to operate abroad.