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Wall St climbs on oil boost in wake of Fed statement
18 Dec 2014 at 7:05am
NEW YORK (Reuters) - U.S. stocks rose on Thursday, with each of the major indexes climbing more than 1 percent, building on the prior session's rally after the U.S. Federal Reserve's policy statement and oil prices that showed signs of steadying.
Oil rises 2 percent to $62 as energy firms slash investments
18 Dec 2014 at 6:25am
LONDON (Reuters) - Brent crude rose 2 percent to above $62 a barrel on Thursday, extending a rebound from five-year lows this week as oil's six-month price rout forced more energy firms to cut investments in new production.
Accenture raises full-year revenue forecast after strong first-quarter
18 Dec 2014 at 5:54am
(Reuters) - Consulting and outsourcing company Accenture Plc raised its revenue forecast for fiscal 2015 after contract wins helped the company post better-than-expected first-quarter earnings and revenue.
Modi moves in to speed up $300 billion stuck projects
18 Dec 2014 at 5:47am
NEW DELHI (Reuters) - Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters.
SEBI orders prison term for Kolar Biotech chairman
18 Dec 2014 at 5:41am
MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) on Thursday ordered the imprisonment of the non-executive chairman of Kolar Biotech Ltd for failing to pay a penalty for making misleading disclosures.
Dealers offer gold discount for first time in five months
18 Dec 2014 at 4:41am
MUMBAI (Reuters) - Gold importers are offering a discount of $2 an ounce versus London prices for the first time in almost five months due to market oversupply.
Rupee sees biggest gain in seven months post Fed
18 Dec 2014 at 3:59am
MUMBAI (Reuters) - The BSE Sensex and Nifty rallied on Thursday, with the rupee posting its biggest single-day gain in seven months and rebounding from a 13-month low, after the U.S. Federal Reserve said it would take a "patient" approach in deciding when to raise interest rates.
Sensex rises more than 400 points on global rally, tax reform-led short-covering
18 Dec 2014 at 3:51am
MUMBAI (Reuters) - The BSE Sensex and Nifty rose 1.6 percent on Thursday to snap a five-session losing streak as blue-chips including ICICI Bank surged as a rally in global markets and the cabinet's nod to a nationwide sales tax bill led to unwinding of short positions.
India to soon decide on raw sugar export incentives - food secretary
18 Dec 2014 at 3:47am
NEW DELHI (Reuters) - India, the world's second-biggest sugar producer, will soon decide on extending incentives for raw sugar exports, Food Secretary Sudhir Kumar said on Thursday, as mills struggle to pay farmers the stipulated price for cane.
Putin says Russia economy will be cured but offers no remedy
18 Dec 2014 at 3:11am
MOSCOW (Reuters) - President Vladimir Putin said on Thursday Russia's economy would inevitably rebound after the rouble's dramatic slide this year but offered no remedy to a deepening financial crisis.
Rupee near session highs; foreign banks seen selling dollars
18 Dec 2014 at 2:32am
Reuters Market Eye - The rupee is trading at 63.22/23 versus Wednesday's close of 63.6150/6250.
Coal India to get new chairman ahead of key meeting - sources
18 Dec 2014 at 2:30am
NEW DELHI (Reuters) - Coal India Ltd will get a new chairman in the next few days, two officials with direct knowledge of the matter said, as the state-owned miner readies a plan to double its output in four years amid a severe shortage that has crippled power plants.
Franc falls as Swiss go sub-zero; stocks jump after Fed
18 Dec 2014 at 2:07am
LONDON (Reuters) - The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year.
Coal India workers threaten five-day strike, stokes output worries
18 Dec 2014 at 1:52am
NEW DELHI (Reuters) - The labour unions of state-run Coal India Ltd have threatened to go on a five-day strike beginning Jan. 6 to protest government plans to sell off a stake and end the company's monopoly in mining and distribution, officials said.
SNB imposes negative interest rates to stem flight into franc
18 Dec 2014 at 12:40am
ZURICH (Reuters) - The Swiss National Bank said on Thursday it would impose negative interest rates on cash held by other banks at the central bank, seeking to discourage safe-haven buying by investors anxious about the crisis in Russia and oil's slide.