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India threatens to derail WTO deal, prompts angry U.S. rebuke

NEW DELHI/GENEVA - India threatened on Friday to block a worldwide reform of custom rules, which some estimates say could add $1 trillion to the global economy and create 21 million jobs, prompting a U.S. warning that its demands could kill global trade reform efforts.

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Jaguar to cut prices on three models in response to China's auto probe

SHANGHAI/NEW DELHI - British luxury carmaker Jaguar Land Rover, owned by Tata Motors Ltd , said it planned to cut prices on three models in China due to the government's anti-monopoly probe.

Rupee edges up but snaps two-week gaining streak

MUMBAI - The rupee ended marginally higher on Friday, as heavy dollar demand from importers to meet month-end commitments was offset by greenback sales from custodian banks, continuing a pattern of largely range-bound trading.

5:16pm IST

BSkyB to pay $9 billion to create Sky Europe

LONDON/PARIS - Britain's BSkyB has agreed to pay $9 billion to buy Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.

Rupert Murdoch 9:51pm IST

U.S. says 'backsliding' on Bali brings WTO to brink of crisis

WASHINGTON - U.S. Trade Representative Michael Froman said on Friday backsliding on a World Trade Organization deal struck in Bali last December threatened a serious blow to the credibility of the global trading system.

9:49pm IST

Wall St Weekahead - Even modest GDP bounce may support market

NEW YORK - Even if data next week shows a mediocre rebound in U.S. economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in its winding down of stimulus through bond purchases.

11:45pm IST

REUTERS SHOWCASE

Economic Pulse

Economic Pulse

New govt promises low and stable tax regime for economic revival.  Full Article 

Global Growth

Global Growth

IMF cuts outlook, warns of stagnation risk in rich nations  Full Article 

Market Eye

Market Eye

Nifty retreats from record highs on profit taking.  Full Article 

Waning Enthusiasm

Waning Enthusiasm

Markets' post-election enthusiasm lost on consumers.  Full Article 

Banking Sector

Banking Sector

Banks not allowed to trade in bonds for infra lending - RBI.  Full Article 

Gold Imports

Gold Imports

Govt has no proposal to reduce gold import duty.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

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