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S&P: India ratings to depend on next govt's policies
17 Apr 2014 at 7:40am
MUMBAI (Reuters) - Standard and Poor's may upgrade India's outlook if the government that is elected next month addresses some of the country's fiscal and economic challenges through steps such as passing a goods and services tax.
U.S. jobless claims hover near pre-recession levels
17 Apr 2014 at 7:04am
WASHINGTON (Reuters) - New applications for unemployment benefits held near their pre-recession levels last week, offering further evidence of the economy's underlying strength.
Wall St opens flat on mixed earnings
17 Apr 2014 at 6:35am
NEW YORK (Reuters) - Wall Street opened flat on Thursday, following three days of gains, as underwhelming results from tech giants Google and IBM were offset by upbeat quarterly numbers from the likes of Morgan Stanley, Goldman Sachs and General Electric.
Goldman Sachs profit falls 11 pct but beats estimates
17 Apr 2014 at 5:50am
(Reuters) - Goldman Sachs Group Inc reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank's shares rose.
Gold steadies as lower dollar offsets China worries
17 Apr 2014 at 5:28am
LONDON (Reuters) - Gold steadied around $1,300 an ounce on Thursday as a lower dollar and accommodative U.S. Federal Reserve monetary policy counterbalanced worries over the strength of Chinese demand and sales from gold-backed funds.
Wipro Q4 net profit beats estimates, rises 29 percent
17 Apr 2014 at 5:14am
REUTERS - Wipro Ltd posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers.
Rupee snaps three-day fall; share gains help
17 Apr 2014 at 5:11am
MUMBAI (Reuters) - The rupee recovered in late trade on Thursday, boosted by gains in the domestic sharemarket while some dealers also cited dollar selling by large state-run banks which could be on behalf of the central bank.
Oil slips towards $109 after six-week high on Ukraine
17 Apr 2014 at 4:49am
LONDON (Reuters) - Brent crude oil slipped towards $109 a barrel on Thursday, after hitting a six-week high in the previous session, as traders assessed whether rising tensions in Ukraine could disrupt supplies from Russia.
U.S. shares seen opening lower as tech giants stumble
17 Apr 2014 at 4:48am
LONDON (Reuters) - European shares fell and U.S. futures pointed to a weaker open on Wall Street on Thursday after disappointing results from tech heavyweights Google and IBM, while the dollar fell on dovish U.S. Federal Reserve comments.
Sensex jumps 351 points, snaps 3-day losing streak
17 Apr 2014 at 4:47am
MUMBAI (Reuters) - The BSE Sensex rose more than 1.5 percent on Thursday to snap a three-day losing streak as lenders such as ICICI Bank surged on value buying, earnings expectations and hopes of gains in bond portfolios after the central bank's biggest debt auction.
Gold slips below $1,300 on fund outflows, China worries
17 Apr 2014 at 3:58am
LONDON (Reuters) - Gold fell below $1,300 an ounce on Thursday as investors cut exposure to gold-backed funds and weighed the impact of Ukraine tensions, while worries over the strength of Chinese demand continued to weigh.
Japan government cuts economy view after sales tax; no need for fresh stimulus
17 Apr 2014 at 3:27am
TOKYO (Reuters) - Japan's government slightly cut its overall view on the economy, its first downgrade in a year and a half, but officials shrugged off the need for more stimulus to support the economy.
Weekahead - Foreign flows, earnings loom over shares
17 Apr 2014 at 2:59am
Reuters Market Eye - Foreign flows and January-March earnings will continue to set direction for markets, as India's five-week long election continues, including voting in Mumbai scheduled for April 24.
Bonds rally; RBI raises $3.3 billion in record auction
17 Apr 2014 at 2:40am
MUMBAI (Reuters) - Government bonds jumped on Thursday, recovering from two sessions of falls, after the RBI fully sold the 200 billion rupees ($3.31 billion) worth of debt on offer, accomplishing the country's biggest-ever auction.
A star abroad, RBI boss riles bond traders at home
17 Apr 2014 at 1:42am
MUMBAI (Reuters) - Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.