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Rupee little changed; fund flows watched for clues
24 Jul 2014 at 9:23pm
Reuters Market Eye - The rupee is trading at 60.14/15, little changed versus its previous close of 60.12/13.






Wipro falls as June-quarter profit lags estimates
24 Jul 2014 at 9:05pm
MUMBAI (Reuters) - Shares in Wipro Ltd India's third-biggest IT services exporter, plunged as much as 8.12 percent in early trading after the IT outsourcer's April-June quarter earnings missed estimates.






IMF cuts global growth outlook; India avoids ratings downgrade
24 Jul 2014 at 8:28pm
WASHINGTON/MEXICO CITY (Reuters) - The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies.






India blocks WTO deal on customs rules as deadline nears
24 Jul 2014 at 7:36pm
GENEVA (Reuters) - India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.






Analysis - GM, Ford hopeful of European rebound despite Ukraine, Russia
24 Jul 2014 at 7:19pm
FRANKFURT/DETROIT (Reuters) - Ford Motor Co and General Motors Co said on Thursday the crisis in Ukraine has exacerbated a sales slowdown in Russia, but the carmakers said they were on track to turn around their European operations after years of economic instability on the Continent.






Asian shares inch down from recent highs
24 Jul 2014 at 6:07pm
TOKYO (Reuters) - An index of Asian shares pulled away from a three-year high on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. employment data underpinned sentiment.






BNP Paribas to pay $80 million for defrauding U.S. Agriculture Dept
24 Jul 2014 at 5:23pm
WASHINGTON (Reuters) - The U.S. Justice Department announced on Thursday that a Federal court entered judgment against French bank BNP Paribas for $80 million for defrauding a program designed to encourage American exports.






Wall Street ends flat on mixed earnings; S&P 500 at record
24 Jul 2014 at 2:58pm
NEW YORK (Reuters) - U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.






Markets' post-election enthusiasm lost on consumers
24 Jul 2014 at 2:09pm
NEW DELHI (Reuters) - Software engineer Sanjay Bhatnagar used to watch a new Bollywood movie every week with his family, but now goes to the cinema once a month as spiralling costs of food and other staples eat into his budget for non-essentials.






Gold hits one-month low as strong data offset safe-haven lure
24 Jul 2014 at 1:59pm
NEW YORK/LONDON (Reuters) - Gold hit a one-month low on Thursday after robust economic data from the United States, China and the euro zone deterred investors from safe-haven assets, even as tensions simmered in the Middle East and Ukraine.






Argentina, holdouts meet in debt dispute with court appointee
24 Jul 2014 at 1:58pm
NEW YORK (Reuters) - Representatives for holdout investors and Argentina in the country's ongoing debt default met for about three hours with a court-appointed mediator in New York on Thursday, less than a week before Argentina could once again default.






Analysis - Facebook goes express to mega-cap status - now valued more than AT...
24 Jul 2014 at 12:24pm
NEW YORK (Reuters) - In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.






IMF cuts global growth outlook, warns of stagnation risk in rich nations
24 Jul 2014 at 12:03pm
WASHINGTON/MEXICO CITY (Reuters) - The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies.






Wall Street flat as Caterpillar offsets Facebook
24 Jul 2014 at 11:57am
NEW YORK (Reuters) - U.S. stocks barely budged on Thursday as corporate earnings painted a mixed picture of the economy, though the S&P 500 eked out a record intraday high for the third straight session.






Global stocks gain, U.S. bonds fall on jobless data, results
24 Jul 2014 at 11:31am
NEW YORK (Reuters) - Global stock markets edged higher while U.S. debt prices fell on Thursday following unexpectedly low U.S. weekly jobless claims and stronger-than-expected U.S. earnings.







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