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-SGX Nifty gains; rate decision key
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Rahul Gandhi
The Congress lawmaker and scion of the Nehru-Gandhi dynasty turns 43 on Wednesday. Slideshow
* Nifty futures on the Singapore Exchange gain 0.02 percent. The MSCI-Asia Pacific index, excluding Japan up 0.2 percent. * Asian shares crept higher on Tuesday, tracking overnight gains in U.S. stocks on optimism over the progress in resolving the U.S. budget crisis before the year-end deadline. * Foreign investors bought 8.86 billion rupees of stocks, while domestic institutions sold stocks worth 6.90 billion rupees on Monday, when India's BSE index rose 0.38 percent. * India's central bank is expected to keep interest rates on hold on Tuesday despite government pressure for a cut, sticking to its guidance that it will not ease monetary policy before early next year as cooling inflation is still too high for comfort. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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