Traders sit amidst stacked sacks, filled with onions and potatoes, at a wholesale vegetable market in Ahmedabad August 1, 2014.  REUTERS/Amit Dave

Can sign WTO deal in Sept if concerns addressed: India

India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday.  Full Article 

Wall St Week Ahead - Despite sharp selloff, too early to worry about a correction 2:45am IST

NEW YORK - Wall Street's worst week in two years was enough to get investors worried about whether a long-overdue correction is coming, but analysts are still leaning bullish.

People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai December 9, 2013. REUTERS/Mansi Thapliyal/Files
Markets

Sensex falls over 400 points; Nifty down 1.5 pct

The Nifty fell 1.5 percent on Friday, marking its biggest single-day fall in nearly 3-1/2 weeks as blue-chips such as Reliance Industries slumped tracking weaker global markets ahead of U.S. jobs data later in the session. The BSE Sensex lost 1.6 percent, or 414.13 points, to end at 25,480.84.  Full Article 

Chief of Congress party Sonia Gandhi walks with Natwar Singh in New Delhi, March 16. 2005. REUTERS/Kamal Kishore/Files

Congress slams book challenging Sonia Gandhi

Revelations in a new book by former Congress stalwart K. Natwar Singh have put Sonia Gandhi on the defence this week, in the latest challenge to her leadership of the embattled party and India's foremost political dynasty. In the autobiography "One Life is Not Enough," released on Friday, Singh paints an unflattering picture of the 67-year old Congress party head.  Full Article | Picture profile: Sonia Gandhi 

An Israeli soldier rides atop an armoured personnel carrier (APC) near the border of southern Gaza Strip August 1, 2014. REUTERS/Baz Ratner
Gaza Violence

Israel soldier captured, 70 dead in Rafah

Israel declared a Gaza ceasefire over on Friday, saying Hamas militants breached the truce soon after it took effect and apparently captured an Israeli officer while killing two other soldiers.  Full Article 

Internally displaced women beg a soldier to allow them to enter a food distribution centre set up in a sports stadium in Bannu, in northwest Pakistan July 25, 2014. REUTERS/Caren Firouz/Files

Widows, 'second wives' denied aid in Pakistan

Thousands of women displaced by fighting in Pakistan are struggling to get food and other aid because they lack identity cards and conservative Muslim elders have forbidden them from going to distribution centres.  Full Article 

The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco, California April 23, 2014. REUTERS/Robert Galbraith/Files

Apple e-book settlement wins court approval

Apple Inc on Friday won preliminary court approval for its $450 million settlement of claims it harmed consumers by conspiring with five publishers to raise e-book prices.  Full Article 

Cast member Chris Pratt poses at the premiere of 'Guardians of the Galaxy' in Hollywood, California July 21, 2014. REUTERS/Mario Anzuoni

'Guardians' earns $11.2 mln in opening night

The "Guardians of the Galaxy" stormed into the box office with a $11.2 million opening night, Walt Disney Co said on Friday, and could outperform expectations if it keeps drawing viewers with a new leading man, strong reviews and social media buzz.  Full Article 

Latest Headlines

Landslide in Maharashtra

Gold Smuggling

In cat-and-mouse game, India uncovers new gold smuggling route

In cat-and-mouse game, India uncovers new gold smuggling route

India is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world's second-biggest buyer. In the latest smuggling case, a gold exporting firm attempted to use a tax-free special economic zone to try to bypass restrictions and sell to the local market.  Full Article 

Richard Beales

Yahoo’s Mayer nears post-Alibaba reckoning

Yahoo is a big company with a much smaller one struggling to get out. A 22.5 percent stake in Alibaba accounts for well over half the U.S. internet group’s roughly $36 billion market capitalization, according to a new Breakingviews calculator. With the Chinese e-commerce giant likely to go public next month, Yahoo CEO Marissa Mayer will find out how investors value the businesses she actually runs.  Full Article 

Raffaello Pantucci

Afghanistan a building block for China-India ties

It is clear that there are issues with Sino-Indian collaboration on Afghanistan. First among these are differing perceptions on Pakistan and its role in Afghanistan’s current predicament. For China, Pakistani security forces are trying to deal with a monster within their country with links across the border. For Indian authorities, it is a Frankenstein’s monster of Pakistani construction.  Full Article 

Celine Gounder

To combat Ebola, first build back trust in healthcare workers

Efforts to fight stigmatized infectious diseases, like HIV and TB, have taught us that advocates from affected communities have an important role to play. Public health workers need to enlist the help of recovered patients and their families to speak about their experiences with medical treatment for the disease. Religious leaders and traditional healers should also be recruited.  Read 

Robert Cyran

Inversions start to spin out of control

Inversions are starting to spin out of control. A quest for tax savings has made digestible overseas targets attractive to U.S. buyers. Hospira’s potential $5 bln deal for a Danone unit highlights a fresh supply, for so-called “spinversions.” The odd combination also reflects the perverse incentives distorting corporate decisions. Healthcare companies lead the way trying to move domiciles.  Full Article 

Ebola outbreak

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