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-Shasun Pharmaceuticals falls on Vertex drug warning
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
* Shasun Pharmaceuticals falls 6 percent after its Vertex Pharmaceuticals warned on Wednesday its hepatitis C drug Incivek, which is used in conjunction with two other products, can cause serious, potentially fatal skin reactions. * Shasun has a long-term agreement with Vertex for supply of active pharmaceutical ingredient for the Hepatitis C drug. * "There would be incremental impact on Shasun as about 25 percent of FY13 profits were expected to come in from Incivek supply," said Surya Patra, an analyst tracking the sector at Systematix Shares & Stocks. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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