Reuters: Money News
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EBay follows Icahn's advice, plans PayPal spinoff in 2015
30 Sep 2014 at 6:08am
(Reuters) - EBay Inc said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company.
Rupee falls, sees worst month since Aug 2013
30 Sep 2014 at 5:26am
MUMBAI (Reuters) - The rupee fell on Monday, posting its worst month since the record low levels of August 2013, as the dollar continued to strengthen against emerging market currencies over growing bets for an early hike in U.S. interest rates.
August infrastructure output growth hits two-month high
30 Sep 2014 at 5:18am
NEW DELHI (Reuters) - India's annual infrastructure output growth accelerated to a two-month high of 5.8 percent in August, government data showed on Tuesday, helped by a jump in steel and coal production.
Sensex rises for fourth straight quarter; earnings key
30 Sep 2014 at 4:33am
MUMBAI (Reuters) - The BSE Sensex and Nifty edged higher on Tuesday, marking their fourth consecutive quarterly gain as blue chips rose on hopes upcoming earnings and auto sales will show the economy remains on the mend, while the Reserve Bank of India's (RBI) decision to keep rates unchanged had little impact.
Maruti Suzuki says to recall 69,555 cars
30 Sep 2014 at 4:21am
REUTERS - Maruti Suzuki India Ltd, India's biggest carmaker, said it will voluntarily recall 69,555 vehicles due to a potentially faulty wiring harness issue.
Global stocks head for worst quarter since euro crisis, dollar soars
30 Sep 2014 at 4:15am
LONDON (Reuters) - A new trough in euro zone inflation pushed the euro to a two-year low on Tuesday, leaving the dollar on course for its biggest quarterly gain in six years and world stocks facing their largest drop since the peak of the euro crisis.
Modi must resist U.S. pressure on drug patents - MSF
30 Sep 2014 at 4:00am
NEW DELHI (Thomson Reuters Foundation) - Prime Minister Narendra Modi must not give in to U.S. pressure to change intellectual property laws which allow India to produce generic medicines poor people can afford, the medical charity Doctors Without Borders (MSF) said.
RBI keeps rates on hold, warns on inflation
30 Sep 2014 at 3:54am
MUMBAI (Reuters) - The Reserve Bank of India (RBI) sent a strong signal on Tuesday that it will refrain from cutting interest rates until it is confident that consumer inflation can be reduced to a target of 6 percent by January 2016.
RBI takes small steps to deepen markets
30 Sep 2014 at 2:48am
MUMBAI (Reuters) - The Reserve Bank of India (RBI) said on Tuesday it will gradually lower the ceiling on bonds that can be held-to-maturity (HTM) starting in January, while further easing currency hedging rules for importers in moves to boost trading in markets.
Reliance Comm aims to bring debt under 200 bln rupees in two years - official
30 Sep 2014 at 1:40am
MUMBAI (Reuters) - Reliance Communications Ltd aims to bring its debt to under 200 billion rupees in the next 24 months, Chairman Anil Ambani told shareholders on Tuesday.
RBI chief says on course to reach inflation targets
30 Sep 2014 at 12:44am
MUMBAI (Reuters) - India's economy is currently positioned to reach Reserve Bank of India's 6 percent inflation target by January 2016, but there is a lot more confidence about reaching a near-term target of 8 percent by January next year, Governor Raghuram Rajan said after a policy review on Tuesday.
RBI governor says wants to reduce undue volatility in rupee
29 Sep 2014 at 11:44pm
MUMBAI (Reuters) - The Reserve Bank of India is not focussed on any particular level of exchange rate, but wants to reduce undue volatility, Governor Raghuram Rajan said after the policy review on Tuesday.
Expert views: RBI keeps rates on hold
29 Sep 2014 at 11:42pm
MUMBAI (Reuters) - The Reserve Bank of India (RBI) kept its key policy repo rate unchanged at 8.0 percent on Tuesday, as widely expected, while expressing concern about risks to its target to bring consumer inflation down to 6 percent by January 2016.
Gold poised for worst month in fifteen on dollar strength
29 Sep 2014 at 11:41pm
SINGAPORE (Reuters) - Gold held steady above a nine-month low on Tuesday as Asian equities remained unsettled by political unrest in Hong Kong, but was poised to post its sharpest monthly loss since June 2013 as a rapid climb in the dollar dimmed its appeal.
Asia stocks unsettled by HK, sluggish China factories
29 Sep 2014 at 11:20pm
SYDNEY (Reuters) - Asian markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar eased back a touch but was still on track for its biggest monthly gain in well over a year.