Delhi Auto Expo 2012

Bonds, rupee give up gains; deficit target seen as "challenging"


MUMBAI - Bonds and the rupee currency ended weaker on Thursday, retreating from earlier one-week highs, on scepticism about whether the new government of Prime Minister Narendra Modi can achieve its ambitious fiscal deficit target.

Moscow shares up on Ukraine talks, rouble stronger

MOSCOW - Russian shares and the rouble rose on Thursday, as investors drew hope from talks in Geneva to resolve the political crisis in Ukraine, shrugging off ominous remarks from President Vladimir Putin about his "right" to deploy troops there.

17 Apr 2014

Upbeat central bank outlook, Fed comments lift Turkish assets

ISTANBUL - Turkey's lira firmed on Thursday after the central bank dismissed speculation that two senior policymakers would resign and on comments from the U.S. Fed that its monetary stimulus would continue for some time.

17 Apr 2014

India Reliance, HPCL Mittal plan refinery expansions

NEW DELHI - India's Reliance Industries , owner of the world's biggest refining complex, and HPCL-Mittal Energy Ltd (HMEL), part owned by steel tycoon L N Mittal, have sought environment ministry approval for raising capacity of their plants.

17 Apr 2014

Fed bond buying twice as effective on growth as BoE's - research

LONDON - Bond purchases by the U.S. Federal Reserve have been twice as effective at boosting economic output as those by the Bank of England, research by a BoE policymaker showed on Thursday.

17 Apr 2014

Head of derivatives lobbying group ISDA to step down

- Derivatives lobbying association the International Swaps and Derivatives Association said on Thursday its Chief Executive Officer Robert (Bob) Pickel will step down from the role this year.

17 Apr 2014

Credit ratings moves in emerging Europe

LONDON - Moody's cut Turkey's outlook to negative from stable on the country's Baa3 rating last week, citing political turbulence, external financing pressure and weaker growth prospects.

17 Apr 2014

Ecuador's largest refinery to close for renovations in Oct and Nov

QUITO - Ecuador's largest refinery, with a 110,000 barrel-per-day capacity, will cease operations completely between October and November for renovations, the oil minister said.

17 Apr 2014

Proxy advisers split on miner Augusta's takeover defense

TORONTO - Two prominent proxy advisers have split on whether shareholders should vote to maintain Augusta Resource Corp's shareholder rights plan, which could thwart a hostile takeover bid from larger Canadian base metals miner HudBay Minerals Inc.

17 Apr 2014

Rupee snaps three-day fall; share gains help

MUMBAI - The rupee recovered in late trade on Thursday, boosted by gains in the domestic sharemarket while some dealers also cited dollar selling by large state-run banks which could be on behalf of the central bank.

17 Apr 2014

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