MUMBAI - The rupee rose to a five-week high against the dollar and stocks jumped to near record highs on Thursday as exit polls predicted a strong showing for the key opposition party in recent state elections.
NUSA DUA, Indonesia - Divisions over food subsidies widened among members of the World Trade Organization on Thursday, making it unlikely a landmark trade deal could be reached with just a day left to the end of talks.
FORT LAUDERDALE, Florida - Once the Federal Reserve finally trims its bond-buying program, it should then commit to an effective schedule that would wind it down completely, a top U.S. central banker said on Thursday.
MUMBAI - The Reserve Bank of India will soon introduce cash-settled interest rate futures on 10-year government bonds and has also permitted exchanges to launch these derivatives in other smaller tenor securities in the future, it said on Thursday.
MUMBAI - The BSE Sensex rose more than 1 percent on Thursday to its highest close in a month as stocks of blue chip companies such as ICICI Bank surged after exit polls predicted a strong showing for the key opposition party in state elections held recently.
PARIS - Lactalis, Europe's biggest dairy group, is close to sealing a deal to buy a 70-percent stake in South Indian dairy company Tirumala Milk Products, French daily Les Echos 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.
DETROIT - Nearly 50 years after launching its affordable sports car, Ford Motor Co is unveiling a global redesign of the Mustang to try to burnish the U.S. automaker's image and spur sales of its more expensive models.
MUMBAI - Drugmaker Jubilant Life Sciences Ltd said on Thursday it had received a warning from the U.S. Food and Drug Administration over manufacturing practices at one of its U.S. facilities, sending its shares the limit-down 10 percent.
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.