Economy News

In blow for India, S&P affirms negative rating outlook

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MUMBAI - Standard & Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitched for an upgrade.

Obama budget cuts deficit $1.1 trillion over decade - CBO

WASHINGTON - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but $1.1 trillion lower than what it estimates over the coming decade, CBO said on Friday.

18 May 2013

IRS chief declines to identify employees involved in scandal

WASHINGTON - The outgoing head of the U.S. Internal Revenue Service angered Republican lawmakers on Friday by resisting their demands that he identify who at the tax-collection agency had inappropriately targeted conservative groups for extra scrutiny.

World 18 May 2013

After tough week, Obama tries to change the subject to jobs

BALTIMORE - President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his agenda back to his top priority - the economy - and announced he will try to cut in half the time it takes to get federal approval for large job-creating projects.

World, 18 May 2013

China president takes charge of sweeping economic reform plans - sources

BEIJING - Chinese President Xi Jinping has taken charge of drawing up ambitious reform plans to revitalise the economy, sources close to the government said, shunning policy stimulus for fear it could worsen local government debt and inflate property prices.

Top News, World, 17 May 2013

U.S. May consumer sentiment highest in nearly 6 years

NEW YORK - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader U.S. growth is cooling.

17 May 2013

Every cent helps: euro zone explores scrapping smallest coins

BRUSSELS - Saving pocket change may not end the euro zone crisis, but the European Commission hopes that scrapping the smallest coins could help penny-pinching governments cut costs.

17 May 2013

Risks for Cyprus are "unusually high", adoption of austerity plan imperative -IMF

NICOSIA - The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.

17 May 2013

Rate cut expectations rise after inflation surprise: Reuters poll

MUMBAI - The unexpectedly sharp fall in the wholesale inflation for April has prompted many economists to change their policy rate cut views, according to a Reuters poll on Thursday.

16 May 2013

U.S. Fed hawks call for retreat from mortgage stimulus

HOUSTON/MILAN - A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing the recent improvement in the housing market.

17 May 2013

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Nikkei 15,138.12 +100.88 +0.67%
Hang Seng 23,082.68 +38.44 +0.17%
Sensex 20,286.12 +38.79 +0.19%
EUR/INR 70.466 --
USD/INR 54.880 --
GBP/INR 83.231 --
Gold 1,361.00 -22.20 -1.60%
Oil 96.02 +0.86 +0.90%
Corn 652.00 +11.25 +1.75%
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Consumer stocks shine in emerging market gloom

LONDON - A broad collapse of company profits in the developing world shows no sign of abating, forcing investors to tilt portfolios towards sectors such as healthcare or consumer goods where margins are more robust.

REUTERS SHOWCASE

Hefty Fine

Hefty Fine

Tribunal orders fined cement firms to pay $109 million fee.  Full Article 

Revitalising China

Revitalising China

China president takes charge of sweeping economic reform plans - sources.  Full Article 

Biggest Investors

Biggest Investors

China, India to be world's two biggest investors by 2030: World Bank.  Full Article 

ITC Results

ITC Results

ITC quarterly profit rises 19.5 pct, meets estimates.  Full Article 

Stretched Supplies

Stretched Supplies

A stretched Samsung chases rival Apple's suppliers.  Full Article 

Gold Market

Gold Market

Column - China, India demand not enough to save gold: Clyde Russell.  Full Article 

Chit Fund Scam

Chit Fund Scam

Fund scams target Indians beyond the reach of banks.  Full Article 

Foreign Inflows

Foreign Inflows

Foreign investors buy most Indian stocks in 3 months.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

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