Business
Oil powers above $125 as funds pile in
LONDON (Reuters) - Oil raced to a new record high above $125 a barrel on Friday, as a strong performance over the last week and a surge in heating oil futures saw investment funds trooping into the market. Full Article
Indian shares fall 2 pct as oil, inflation burn
NEW DELHI (Reuters) - Indian shares fell 2 percent on Friday, extending losses to a fifth day and posting their first weekly drop in five weeks, as record high oil prices and rising inflation unnerved investors. Full Article
GLOBAL MARKETS - Oil near $126 hits stocks as credit worries back
LONDON (Reuters) - Oil prices bounded to nearly $126 a barrel on Friday, hitting global stock markets along with worries about the financial sector following losses at the world's largest insurer, AIG. Full Article
India Company, Markets and Commodities News
Indian carpet industry crisis
May 7 – In the wake of a global economic slowdown, carpet exporters are finding it difficult to stay in business. There is a drop in demand for luxury items like carpets therefore adversely affecting the $22 billion industry in Uttar Pradesh. Play Video
ONLY ON REUTERS
Phil Smith on Indian Economy
Wall-to-wall media coverage of the stock market correction and financial turmoil elsewhere on the world’s exchanges has overshadowed some recent economic events closer to home. Read the Column
Is rupee the real culprit for India’s export slowdown?
Nilanjan Banik's column on the reasons behind India's export slowdown. Read The Column
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