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Government to hire five banks for up to $993 million IOC share sale

MUMBAI (Reuters) - The government is set to hire Citigroup, Deutsche Bank, Goldman Sachs, ICICI Securities and SBI Capital for a 3 percent stake sale in Indian Oil Corp that could raise as much as 64 billion rupees ($993 million), IFR, a Thomson Reuters publication, reported on Friday. ...more
2017-05-27   20:32:03 IST

Global markets - Oil prices see-saw, sterling hit as May's lead shrinks

LONDON (Reuters) - Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election. ...more
2017-05-27   20:32:03 IST

U.S. economy grows at tepid 1.2 pct; business spending softens

WASHINGTON (Reuters) - The U.S. economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending. ...more
2017-05-27   20:32:03 IST

Sterling hits 3-week low, FTSE gains as Conservative lead slumps

LONDON (Reuters) - Sterling dived more than half a percent against the dollar and euro on Friday after an opinion poll showed Prime Minister Theresa May's lead down to just 5 percentage points over the Labour opposition less than two weeks before a general election. ...more
2017-05-27   20:32:03 IST

India gold demand drops off as buyers await new tax regime

MUMBAI/BENGALURU (Reuters) - Gold demand in Asia tapered off this week as buyers took to the sidelines in India to await a new national tax policy and as China entered a seasonal slowdown. ...more
2017-05-27   18:31:03 IST

China c.bank plans to inject funds via MLF in early June - Financial News

SHANGHAI (Reuters) - China's central bank plans to inject funds into the money market through its medium-term lending facility (MLF) loans in early June, the Financial News said on Friday. ...more
2017-05-27   18:31:03 IST

Rare retail bright spot boosts S&P, Nasdaq to records

(Reuters) - The S&P 500 and Nasdaq Composite were in record territory in late morning trading on Thursday, buoyed by strong earnings from the embattled retailer sector. ...more
2017-05-26   22:30:03 IST

Drug approvals bounce back as R&D labs churn out new winners

LONDON (Reuters) - The number of new drugs approved for sale in United States and Europe has bounced back this year, suggesting a marked slowdown in 2016 was an aberration rather than a sign of flagging research and development productivity. ...more
2017-05-26   20:36:02 IST

U.S. jobless claims edge up; goods trade deficit widens

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose less than expected last week and the four-week moving average of claims fell to a 44-year low, suggesting further tightening in the labor market. ...more
2017-05-26   20:36:02 IST

S&P, Nasdaq open at record highs after Fed minutes

REUTERS - The S&P 500 and Nasdaq Composite opened at record highs on Thursday after minutes of the Federal Reserve's latest meeting showed policymakers expected the economy to pick up momentum and that they would raise interest rates soon. ...more
2017-05-26   20:36:02 IST

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