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Global Markets: Stocks cheer $9 trillion year, downer for the dollar

LONDON/SYDNEY (Reuters) - Markets were ending 2017 in a party mood on Friday after a year in which a concerted pick-up in global growth boosted corporate profits and commodity prices, while benign inflation kept central banks from snatching away the monetary punch bowl. ...more
2017-12-29   22:30:01 IST

Sensex, Nifty post biggest yearly gain since 2014

(Reuters) - The Sensex and the Nifty ended higher on Friday, posting their biggest yearly gain in three, as strong foreign fund inflows, hopes of an improving economy and higher corporate earnings boosted investor confidence. ...more
2017-12-29   22:30:01 IST

Price run-up, holiday slowdown softens gold demand in Asia

BENGALURU/MUMBAI (Reuters) - A rally in gold prices to the highest level in a month and the year-end holiday mood dampened demand across Asia. ...more
2017-12-29   22:30:01 IST

U.S. oil prices hit highest since mid-2015 on surprise output drop

SINGAPORE (Reuters) - U.S. oil prices hit their highest since mid-2015 on the final trading day of the year as an unexpected fall in American output and a fall in commercial crude inventories stoked buying. ...more
2017-12-29   22:30:01 IST

India's April-Nov fiscal deficit hits 112 percent of full-year target

NEW DELHI (Reuters) - India reported a fiscal deficit of 6.12 trillion rupees ($95.77 billion) for April-November, or 112 percent of the budgeted target for the current fiscal year that ends in March. ...more
2017-12-29   20:37:01 IST

Sensex, Nifty rise; set for best year since 2014

(Reuters) - Indian shares rose on Friday tracking broader Asia and were set to end 2017 with the biggest yearly gains in three as strong foreign fund inflows, hopes of an improving economy and higher corporate earnings boosted investor confidence. ...more
2017-12-29   20:37:01 IST

China c.bank frees up cash for banks ahead of Lunar New Year

SHANGHAI (Reuters) - China's central bank said it will let some commercial banks temporarily keep fewer required reserves to help them cope with the heavy demand for cash ahead of the Lunar New Year holiday, a step that analysts say does not signal any policy shift. ...more
2017-12-29   20:37:01 IST

Global Markets: Boom year for stocks and commodities, downer for the dollar

SYDNEY (Reuters) - Asian markets were ending 2017 in a party mood on Friday after a year in which a concerted pick-up in global growth boosted corporate profits and commodity prices, while benign inflation kept central banks from snatching away the monetary punch bowl. ...more
2017-12-29   18:30:01 IST

China Dec factory growth seen slowing only slightly despite smog war

BEIJING (Reuters) - Growth in China's sprawling manufacturing sector likely slowed only slightly in December despite tough pollution measures that have forced some factories to curb production and a cooling housing market, a Reuters poll showed. ...more
2017-12-29   18:30:01 IST

China Development Bank says talks with indebted RCom underway

BEIJING (Reuters) - China Development Bank, a creditor of Reliance Communications Ltd, said it is in talks with the Indian wireless carrier, following a plan by the Anil Ambani-backed firm to reduce its debts. ...more
2017-12-29   16:31:01 IST

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