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India promotes digital transactions to encourage cashless economy
8 Dec 2016 at 5:47am
NEW DELHI (Reuters) - Finance Minister Arun Jaitley on Thursday announced incentives ranging from 0.75 percent to 10 percent on retail purchase of products like petrol, diesel and insurance products from state-run companies to encourage digital, cashless transactions.
Lower for longer, ECB scales back asset buys
8 Dec 2016 at 11:52am
FRANKFURT (Reuters) - The European Central Bank trimmed back its asset buys in a surprise move on Thursday but promised protracted stimulus to aid a still fragile recovery, and dismissed any talk of tapering the programme away.
Bharti Airtel slashes prepaid tariffs to compete with Jio
8 Dec 2016 at 5:06am
MUMBAI (Reuters) - India's top telecommunications carrier Bharti Airtel on Thursday unveiled unlimited voice calls and more 4G data under a new plan, to take on rival Reliance Jio that recently extended its free services.
Former OPEC official El-Badri says non-OPEC cut a 'must' - conference
8 Dec 2016 at 1:11pm
(Reuters) - Abdalla Salem El-Badri, who stepped aside as OPEC Secretary General in August, said Thursday at a conference a crude oil production cut of about 600,000 barrels per day from non-OPEC members is a "must".
Wall Street again marks new highs in post-election run
8 Dec 2016 at 1:25pm
(Reuters) - Major U.S. stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on.
India scraps wheat import duty, purchases may hit decade high
8 Dec 2016 at 2:01am
NEW DELHI/MUMBAI (Reuters) - India on Thursday scrapped its 10 percent import duty on wheat after droughts in the past two years depleted stocks and raised prices, a move that traders said could lift overseas purchases to their highest in a decade.
Oil above $50 on hopes for non-OPEC output cuts
8 Dec 2016 at 1:09pm
NEW YORK (Reuters) - Oil rebounded from the week's lows to close above $50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production.
China's Fujian drops Aixtron bid after Obama blocks deal
8 Dec 2016 at 9:35am
FRANKFURT (Reuters) - China's Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company's future into doubt.
Only five non-OPEC producers so far attending talks to widen output cut
8 Dec 2016 at 8:00am
LONDON/DUBAI (Reuters) - Only five of 14 non-OPEC oil producers have agreed so far to meet the group on Saturday for talks aimed at widening a deal to reduce output, casting doubt on whether OPEC will secure the full cuts it is seeking, two OPEC sources said.
Exclusive: Bangladesh panel finds insiders negligent in central bank heist
8 Dec 2016 at 7:21am
DHAKA (Reuters) - A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the head of the panel told Reuters on Thursday.