WASHINGTON - The U.S. economy grew faster than initially estimated in the third quarter but weak demand and a pile-up in business inventories buoyed the case for the Federal Reserve to keep up its bond-buying stimulus for now.
TOKYO - Japanese Prime Minister Shinzo Abe's cabinet approved a $182 billion package on Thursday to pull the economy out of deflation, but doubts remain about the impact.
WASHINGTON - Foreign direct investment into emerging markets should decline next year because of persistent concerns about the global economy, the World Bank's political risk insurance arm said on Thursday.
WASHINGTON - The United States urged Europe and Asia to match its efforts to make the financial industry safer, saying on Thursday it likely had done enough to ensure taxpayers will not have to bail out banks again in future crises.
BANGALORE - The rupee's new-found strength will likely dissipate soon on concerns the U.S. Federal Reserve will reduce its stimulus programme next year, giving a boost to the dollar, a Reuters poll showed on Thursday.
LONDON - The Bank of England left monetary policy unchanged on Thursday, sticking to its commitment to keep interest rates at a record low 0.5 percent until Britain's recovery is more firmly established.
WASHINGTON - U.S. private-sector hiring rose in November at the fastest clip in a year, opening the door wider for the Federal Reserve to start trimming its bond purchases within the next few months.
BEIJING - China's leaders are expected to gather at a closed-door meeting next week to set policy and reform priorities for 2014, sources with government think tanks said, following a party meeting that laid out a bold reform agenda for the next decade.
BEIJING - China's central bank warned on Thursday that financial institutions should not trade the digital currency bitcoin, saying that while it does not yet pose a threat to China's financial system, it carries risks.
NEW YORK/LONDON - Service sector activity expanded around the world in November, albeit at a slower rate, while strong U.S. data housing and jobs figures brightened the outlook for growth, data showed on Wednesday.
Reuters Market Eye - The BSE Sensex gains 0.31 percent, while the Nifty is up 0.34 percent.