Federal Reserve
Bernanke says Fed likely to reduce bond buying this year
Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Full Article | Instant View
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MARKET EYE-Indian shares edge higher; Reliance leads
Technology
Microsoft reverses position on Xbox One
Microsoft says that users of its forthcoming Xbox One game console will be able to play games offline without an Internet connection, and will be able to lend or sell used disc-based games. Full Article
* The BSE index rises 0.09 percent to 19,322.56, while the NSE index down 0.11 percent at 5,877. * Asian shares dipped on Tuesday after U.S. manufacturing activity hit a three-year low in November, while the euro hovered near a six-week high on optimism over a planned debt buy back by Greece. * Reliance Industries gains more than 1 percent after a report in The Economic Times newspaper said the oil ministry is poised to approve the company's investment plans for the controversial KG-D6 block, setting the stage for reversing the sharp decline in output by developing new fields, citing government sources. link.reuters.com/vyn44t * Shares in Jet Airways also up 5 percent on reports that it may sell stake to Etihad Airways. * Dealers say Outcome of Parliament's vote on supermarket reform is key for near term direction. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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