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 flat; oil shares fall
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 down 0.06 percent and the NSE index down 0.18 percent. * Domestic share weakness comes on the back of weaker Asian shares that fell as investors were cautious ahead of corporate earnings season for the last quarter of 2012 and the European Central Bank's policy meeting later in the week. * Oil companies fell to profit-taking after a recent rally: Hindustan Petroleum Corp down 1.5 percent after adding 13.54 percent in previous four sessions while Bharat Petroleum Corp fell 0.7 percent. * Oil and Natural Gas Corp shares are down 0.7 percent while Oil India Ltd is down 0.6 percent.
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