Facebook reaches 1 million active advertisers
REUTERS - Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth.
U.S. lawmakers, businesses demand Indian trade reforms
WASHINGTON - A bipartisan group of more than 170 U.S. lawmakers joined with a coalition of U.S. business groups on Tuesday to demand increased U.S. pressure on India to change policies that they said threaten American exports, jobs and innovation.
Monsoon floods kill scores in India
Early monsoon rains have swollen the Ganges, India's longest river, swept away houses, killed at least 60 people and left tens of thousands stranded, officials said on Tuesday. Full Article
Sensex to hit 21,000 by year end: Reuters poll
Battered Indian stocks will bounce back in the second half of 2013, according to a poll of leading equity strategists. Full Article | Graphic
U.S. to meet Taliban to seek Afghan peace
The United States and the Taliban raised hopes for a negotiated peace in Afghanistan with commitments to meet this week after 12 years of bloody and costly war between American-led forces and the insurgents. Full Article
Australia, Iran and S.Korea head for Brazil
Australia and Iran booked their fourth World Cup finals appearances with nervous 1-0 victories in a dramatic finale to Asian qualifying on Tuesday. Full Article | Related Story
NSA head, lawmakers defend US surveillance
The head of the National Security Agency said U.S. surveillance programmes had helped disrupt more than 50 possible attacks since September 11, 2001, as sympathetic members of Congress also defended the use of the top-secret spying operations. Full Article
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Business in India
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Corruption in India - deal with it!
Reuters talks to Ravi Venkatesan, Microsoft India's former CEO about the chaos of investing in India and how MNCs can survive in that environment. Video
Hard currency status a wishful dream for rupee
Despite India’s substantial economic progress over the decades to emerge today among the ten largest economies in the world in nominal GDP terms and the top three in PPP terms, the rupee has not kept pace with this progress and has witnessed periods of high volatility. Until India traverses the distance from a trade-deficit economy to a neutral or trade-surplus nation, the rupee will always remain unhinged. Column
Breakingviews
India in depth: Diaspora's yield hunt gone wrong
India's banking system may lose the only friend it has had the past couple of years: the diaspora. For every $1 of time deposits that Indian banks have raised from residents in the past year, 13 cents has come from the estimated 25 million people of Indian origin who live in other countries. On all but a fraction that amount, the currency risk lies with the depositor. Full Article
Singapore’s creative bank penalty may be a one-off
Singapore has come up with a creative way of penalising rate-rigging banks. Regulators are forcing lenders implicated in manipulating the city-state’s borrowing and currency rates to set aside up to S$12 billion ($9.6 billion) in extra central bank reserves. With rates low, however, the costs will be much lower than recent mega-fines. Full Article
Literature
Amitav Ghosh among 12 shortlisted for international writing prize
India's Amitav Ghosh is among a group of 12 poets, authors and academics vying for the 2013 Warwick Prize for Writing with themes ranging from the Australian war effort in France to opium sellers in 19th century India. Full Article
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