Federal Reserve
Bernanke points to reduced Fed bond buying this year
Federal Reserve Chairman Ben Bernanke says the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high. Full Article | Instant view
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MARKET EYE-India's MphasiS falls on HP's $8.8 bln writedown
* Shares in Indian software and back office provider MphasiS fall 2.8 percent after majority owner Hewlett-Packard Co took a $8.8 billion writedown after alleging a massive accounting scandal at its British software unit Autonomy. * The news sent HP's shares, which owns 60.5 percent stake in MphasiS, plunging 12 percent to a 10-year low. (abhishek.vishnoi@thomsonreuters.com)
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