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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-SGX Nifty falls tracking euro zone worry, U.S. data
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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 are down 0.5 percent. The MSCI-Asia Pacific index excluding Japan falls 0.9 percent. * Asian shares ease on Tuesday as investors book profits from recent strong rallies in the face of weak U.S. data and worries that a potential political shake-up could disrupt the euro zone's efforts to resolve its debt crisis. * Foreign investors bought 8.57 billion rupees of stocks while domestic institutions sold 5.92 billion rupees of stocks on Monday, when the BSE index fell 0.15 percent. * Also on watch, a panel of ministers headed by Finance Minister P Chidambaram is expected to meet on Tuesday to finalise the day and the floor price of the government's 9.5 percent stake sale in state-run power major NTPC. * Earnings: UCO Bank, UB Holdings. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.thomsonreuters.com@reuters.net)
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