Asia extends stocks rally

Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment, with Chinese stocks jumping for the second day following a rocky start to the week.

China jitters, globalization bode ill for Fed's inflation goal 10:33am IST

JACKSON HOLE, Wyo. - Wild swings in world financial markets this week have shown how events in China can potentially disrupt the Federal Reserve's carefully scripted policy plans. The turmoil, triggered by a rout in Chinese markets, also flagged a broader risk that the U.S. central bank may struggle to meet its inflation target until the rest of the world plays along.

Customers crowd amid stacked baskets of tomatoes at a wholesale vegetable and fruit market in Chandigarh August 7, 2014. REUTERS/Ajay Verma/REUTERS

RBI to focus on reducing inflation to 4 percent

The central bank remains focused on bringing down consumer inflation to its target of 4 percent by March 2018, supporting an economy growing below potential, and ensuring banks pass on rate cuts, according to its annual report. The RBI has projected consumer inflation will hit 6 percent by January 2016 before gradually easing to 4 percent two years later.  Full Article 

A customer holds a 100 Yuan note at a market in Beijing, August 12, 2015. REUTERS/Jason Lee
China

Don't blame yuan for global rout - c.bank official

The global stock market rout of the past week was sparked by concerns over a possible interest rate rise by the U.S. Federal Reserve and not by the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters.  Full Article 

Greece's top Supreme Court judge Vassiliki Thanou attends a swearing in ceremony as the country's caretaker Prime Minister, at the Presidential Palace in Athens, Greece, August 27, 2015. REUTERS/Alkis Konstantinidis

Greek judge sworn in as PM ahead of elections

Greece's top Supreme Court judge was sworn in as caretaker prime minister on Thursday to lead the country to elections next month, ending a week of political deadlock after leftist leader Alexis Tsipras resigned.  Full Article 

Wakako Fukuda (R), founding member of the protest group Students Emergency Action for Liberal Democracy (SEALDs), shouts slogans as SEALDS member during a protest outside parliament in Tokyo, August 21, 2015.  REUTERS/Thomas Peter
Asia

New face of anti-war protests in Japan

A group of students in Japan has become a fresh face of protest against Prime Minister Shinzo Abe's push to enact a more robust defence policy - steps critics say violate the pacifist constitution and could ensnare Japan in U.S.-led wars.  Full Article 

A picture of killed journalists Alison Parker and Adam Warm is seen next to candles at a memorial outside of the offices for WDBJ7 in Roanoke, Virginia August 27, 2015. REUTERS/Chris Keane
Virginia Shooting

Victim's father vows to fight for gun control

The father of a Virginia journalist killed in an on-air shooting said he would become a crusader for gun control, but analysts said there was little likelihood of legislation on the federal level any time soon, despite changes in some states.  Full Article | Video 

A photo illustration shows the applications Facebook and Instagram on the screen of an iPhone in Zagreb April 9, 2012. REUTERS/Antonio Bronic/Files

Instagram adds new photo sizes to keep users

Instagram has added new layout options in addition to its signature square for pictures and videos in a bid to attract more advertisers and to stop users defecting to other services such as Snapchat.  Read 

Aug 27, 2015; Edison, NJ, USA;  Bubba Watson tees off at the 10th hole during the first round of The Barclays at Plainfield Country Club. Eric Sucar-USA TODAY Sports

Watson sizzles at Barclays, Spieth struggles

Bubba Watson charged into a tie for the first-round lead at The Barclays on Thursday while newly crowned world number one Jordan Spieth struggled to his worst score of the year in relation to par.  Read 

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