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Rupee hits four-month high, bonds gain
8 Dec 2013 at 10:14pm
MUMBAI (Reuters) - The rupee and bonds rallied on Monday after the country's main opposition party, BJP, which is widely seen by investors as being more business friendly, performed well in state elections.
BSE Sensex hits record after BJP wins state polls
8 Dec 2013 at 10:06pm
MUMBAI (Reuters) - The BSE Sensex rose to a record high on Monday and the rupee hit a four-month high after the main opposition party BJP, widely seen by investors as being more business friendly, swept three out of four key state elections held since last month.
Asian shares advance on China trade, falling yen
8 Dec 2013 at 9:37pm
SYDNEY (Reuters) - Most Asian share markets marched higher on Monday, energised by a potent cocktail of upbeat Chinese trade data, a weaker yen and a firm finish on Wall Street.
Gold clouded by US stimulus doubts; short-covering cushions losses
8 Dec 2013 at 9:36pm
SINGAPORE (Reuters) - Gold was trading in a tight range on Monday as markets fretted over when the U.S. Federal Reserve will start to taper its economic stimulus and as stronger equities dented the metal's safe-haven appeal.
Small steps to Mars are a big leap for Indian companies
8 Dec 2013 at 7:37pm
NEW DELHI (Reuters) - Indian companies that built most of the parts for the country's recently launched Mars mission are using their low-cost, high-tech expertise in frugal space engineering to compete for global aerospace, defence and nuclear contracts worth billions.
Banks trim risk but fail to raise provisions ahead of EU review
8 Dec 2013 at 1:44am
LONDON (Reuters) - Most of Europe's big banks shed risky assets in the quarter to September, but they have yet to take extra provisions against doubtful loans to show they have put the financial crisis behind them in time for a critical review by regulators.
Nobel economics winner Fama says risk of global recession in 2014
7 Dec 2013 at 5:02am
STOCKHOLM (Reuters) - One of the three Americans who won this year's Nobel prize for economics said bloated public deficits on both sides of the Atlantic meant that recession remained a real risk for 2014.
WTO overcomes last minute hitch to reach its first global trade deal
7 Dec 2013 at 2:23am
NUSA DUA, Indonesia (Reuters) - The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy
Diplomats confirm WTO agrees to global trade deal
6 Dec 2013 at 7:31pm
JAKARTA (Reuters) - The World Trade Organization agreed to its first ever worldwide trade reform on Saturday after Cuba dropped a threat to veto the package of measures, diplomats said.
Fed's Evans: Open to December taper, but prefers to wait
6 Dec 2013 at 4:58pm
CHICAGO (Reuters) - A top Federal Reserve official, who has been one of the most ardent supporters of the U.S. central bank's bond-buying stimulus program, said he was open to curtailing the purchases this month, although he would prefer to wait.
Wall Street Week Ahead - U.S. stocks could weather grim profit outlooks
6 Dec 2013 at 4:38pm
NEW YORK (Reuters) - U.S. companies are sounding the alarm on fourth-quarter earnings, lowering profit estimates just as the stock market is poised to end its best year since 1998.
Rogue trader gets prison, told to repay Goldman $118 million
6 Dec 2013 at 3:24pm
NEW YORK (Reuters) - Former Goldman Sachs Group Inc trader Matthew Taylor was sentenced Friday to serve nine months in prison and pay $118 million in restitution to his former employer after he pleaded guilty to pursuing an unauthorized $8.3 billion futures trade in 2007.
U.S. unemployment rate hits five-year low, eyes on the Fed
6 Dec 2013 at 3:23pm
WASHINGTON (Reuters) - U.S. employers hired more workers than expected in November and the jobless rate hit a five-year low of 7.0 percent, raising chances the Federal Reserve could start ratcheting back its bond-buying stimulus as soon as this month.
Indian 2014 gold imports seen at half usual levels
6 Dec 2013 at 2:16pm
MUMBAI/LONDON (Reuters) - Indian gold imports may fall 70 percent in the final quarter of 2013 from 255 tonnes in the year-ago period and are expected to be half usual levels at 500-550 tonnes next year if new import rules are maintained, a top trade body official said on Friday.
Historic global trade deal on ice as Cuba holds out
6 Dec 2013 at 2:15pm
NUSA DUA, Indonesia (Reuters) - Ministers appeared close to sealing the world's biggest trade reform for two decades early on Saturday but a last-gasp objection from Cuba forced an overnight halt, leaving the World Trade Organization four votes short of a final victory.