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India sets up elaborate system to tap phone calls e-mail
By Anurag Kotoky NEW DELHI, June 20 | Thu Jun 20, 2013 2:20am EDT NEW DELHI, June 20 (Reuters) - India has launched a wide-ranging surveillance programme that will give its security agencies and even income tax officials the ability to tap directly into e-mails and phone calls without oversight by courts or parliament, several sources said. The expanded surveillance in the world's ...
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JGBs fall as U.S. Fed reveals plan to dial back bond-buying
Thu Jun 20, 2013 2:16am EDT * Ten-year JGB yield up but still within 0.80-0.90 pct range * Both 20- and 30-year JGB yields hit four-week high By Dominic Lau TOKYO, June 20 (Reuters) - Japanese government bond prices fell on Thursday, tracking weakness in U.S. Treasuries after Federal Reserve Chairman Ben Bernanke said the U.S. central bank could start scaling back its bond-buying stimulus in ...
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RPT-UPDATE 2-China factory activity hits 9-month low policy action eyed
Thu Jun 20, 2013 2:10am EDT * PMI at 9-month low as new orders drop to 10-month low * Adds to markets nerves post Fed decision * Eyes on central bank action, but property bubble may rule out rate cut By Kevin Yao BEIJING, June 20 (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second ...
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EURO GOVT-Bunds plunge after Fed signals less bond buying
LONDON, June 20 | Thu Jun 20, 2013 2:10am EDT LONDON, June 20 (Reuters) - German Bund futures fell to their lowest since February on Thursday after the Federal Reserve signalled it was ready to reduce its bond purchases if its economic predictions came true. Fed Chairman Ben Bernanke said the U.S. economy was growing fast enough to allow the central bank to trim its $85 billion monthly ...
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European stock index futures signal sharp losses
PARIS, June 20 | Thu Jun 20, 2013 2:04am EDT PARIS, June 20 (Reuters) - European stock index futures pointed to a sharply lower open on Thursday, tracking losses on Wall Street after U.S. Federal Reserve Chairman Ben Bernanke confirmed the Fed would begin winding down its stimulus measures later this year. At 0602 GMT, futures for Euro STOXX 50, for UK's FTSE 100, for Germany's ...
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UPDATE 1-Hazardous air murky skies in Singapore from Indonesian fires
Thu Jun 20, 2013 1:45am EDT * Air in Singapore, parts of Malaysia "hazardous" * Singapore tells Indonesia it wants action * Indonesia says investors from Singapore partly to blame By Kevin Lim SINGAPORE, June 20 (Reuters) - Singapore's air quality deteriorated to "hazardous" levels on Thursday as smoke from forest fires in Indonesia obscured skies over the wealthy city-state ...
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Europe Factors to Watch-Shares set to sag after Fed China PMI
PARIS, June 20 (Reuters) - Financial spreadbetters expect Europe's main stock indexes to drop on Thursday, tracking losses on Wall Street after U.S. Federal Reserve Chairman Ben Bernanke confirmed the Fed would begin winding down its stimulus spending later this year. They expect London's FTSE 100 to open around 100 points lower, down 1.6 percent, Frankfurt's DAX 95 to 98 points ...
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The Asian stock markets plunged in line with the US markets
The appetite for risk remained subdued in the Far East after imploding late Wednesday, when the Federal Reserve maintained its bond-buying program, but Chairman Ben Bernanke hinted that the FOMC plans to moderate purchases later this year. The foreign currencies remain under pressure after tanking. The Asian stock markets plunged in line with the US markets. The short-term outlook for the ...
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Spreadbetters see Europe stocks sinking after Fed
PARIS, June 20 | Thu Jun 20, 2013 1:03am EDT PARIS, June 20 (Reuters) - Financial spreadbetters expect Europe's main stock indexes to drop on Thursday, tracking losses on Wall Street after U.S. Federal Reserve Chairman Ben Bernanke confirmed the Fed would begin winding down its stimulus spending later this year. Spreadbetters expect London's FTSE 100 to open around 100 points ...
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MIDEAST WEEKAHEAD-Gulf markets can ride out political risk
Thu Jun 20, 2013 12:49am EDT * Escalation of Syrian civil war worries Gulf Arab states * Saudi stocks suffer biggest one-day fall in two years * But good economic backdrop expected to prevent any downtrend * Kuwait faces political uncertainty before surprise elections * But market sees good chance of another cooperative parliament By Nadia Saleem DUBAI, June 20 (Reuters) - Gulf Arab stock ...
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Metals Stocks Gold prices drop as Fed signals stimulus slowdown
LOS ANGELES (MarketWatch) -- Gold futures dropped Thursday, stung after the Federal Reserve signaled that it may reduce the amount of monetary stimulus it provides as early as this ...
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Rupee hits lifetime low of 59.94 in early trade bonds stocks slump
foreign capital inflows to fund its current account deficit. Market were also hit by data showing China's factory activity weakened to a nine-month low in June. The rupee fell to a record low of 59.9350 to the dollar, breaching past its all-time low of 58.98 on June 11. The rupee was trading at 59.82/81, down from its 58.71/72 close on ...
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TREASURIES-Bonds pause slide after weak China factory data
TOKYO, June 20 | Thu Jun 20, 2013 12:22am EDT TOKYO, June 20 (Reuters) - Weak Chinese manufacturing data on Thursday helped put a floor under U.S. Treasuries prices, which steadied after first extending losses in Asia in the wake of Federal Reserve Chairman Ben Bernanke's signal that the U.S. central bank could begin tapering its asset-purchasing stimulus later this year. * ...
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Federal Reserve boosts outlook as U.S. recovery picks up speed
Traders work on the floor of the New York Stock Exchange as Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks on television, Wednesday, June 19, 2013. (Jin ...
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UPDATE 2-Storm Barry heads for Mexico Gulf coast oil installations
Wed Jun 19, 2013 11:08pm EDT MEXICO CITY, June 19 (Reuters) - Tropical Storm Barry, the second of the Atlantic hurricane season, strengthened as it churned toward Mexico on Wednesday, threatening to bring heavy rains to oil and power installations near the country's Gulf coast. The Minatitlan oil refinery of state oil monopoly Pemex and the Laguna Verde nuclear power plant, both in Veracruz ...
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REPEAT-GLOBAL MARKETS-Asian stocks tumble on weak China PMI Fed policy plan
Wed Jun 19, 2013 11:03pm EDT * MSCI Asia ex-Japan slides 2.8 pct to 9-month low * U.S. Treasury yields hit 15-mth high, underpin dollar * China "flash" PMI hit 9-month lows * Asian credit market spreads widen 23 points By Chikako Mogi TOKYO, June 20 (Reuters) - Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already ...
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Singapore demands action from Indonesia on haze
By Kevin Lim SINGAPORE, June 20 | Wed Jun 19, 2013 10:46pm EDT SINGAPORE, June 20 (Reuters) - Singapore called on Thursday for "definitive action" from Indonesia as air quality stuck at very unhealthy levels for a second day because of forest fires in its neighbour, disrupting businesses in the prosperous city-state. Work at several Singapore construction sites slowed with few ...
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Federal Reserve policymaking group has power over economy through control of interest rates
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Here is a look at how the FOMC operates. Q: What is the FOMC's primary role? A: Its mission is to keep the economy, inflation and employment on a healthy track. When the economy weakens, Fed policymakers cut interest rates or ...
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UPDATE 2-Sony pressed for response on spin-off plan at shareholder meet
Wed Jun 19, 2013 10:34pm EDT * Shareholders press CEO Hirai for detailed stance on spin-off proposal * Hirai says Sony's board will consider Third Point's proposal carefully By Mari Saito TOKYO, June 20 (Reuters) - Sony Corp shareholders pressed its chief executive on Thursday for a response to a proposal by hedge fund Third Point to spin off its profitable entertainment business, aiming ...
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Japanese Market Tumbles On Wall Street Lead
Stocks tumbled in early trades in the Japanese market on Thursday, with investors indulging in some heavy selling following Wall Street's weak close overnight on the back of a negative reaction to the Fed's statement about an end to its asset purchase program by mid-2014.However, with some front line stocks bouncing back on strong support at lower levels, the market regained some lost ...
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News Wrap Federal Reserve Paints Brighter Economic Picture
In other news Wednesday, the Federal Reserve estimated unemployment will fall a little faster than expected in 2013 and 2014. Also, the Internal Revenue Service is in the spotlight again, this time for its plans to pay bonuses to employees despite a White House directive to stop those payments under automatic spending ...
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The Federal Reserve maintains monetary stance interest rate rise after 2014 diminished downside risks
The Federal Open Market Committee (FOMC) ended its two-day monetary policy meeting on Wednesday and agreed to keep its benchmark interest rate unchanged at a record low between 0.0% and 0.25%, while the FOMCs statements had not seen any ...
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US stocks trade nearly flat before FOMC announcement
US stocks traded nearly flat in midday Wednesday after a wobbly morning session, as investors stayed on the sidelines before the release of the Federal Open Markets Committee's (FOMC) policy meeting announcement this afternoon.With no major US data due on Wednesday, all eyes are on the announcement and what Fed Chairman Ben Bernanke would say in his press conference for any hint of a ...
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INDIA PRESS-Wipro gets Citi outsourcing contract likely worth nearly $500 mln - Economic Times
Wed Jun 19, 2013 10:21pm EDT ---------- Note: Reuters has not verified these stories and does not vouch for their ...
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UPDATE 1-China June flash HSBC PMI hits 9-month low on weak demand
Wed Jun 19, 2013 10:11pm EDT By Kevin Yao BEIJING, June 20 (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening risks that a second quarter slowdown could be sharper than expected and raising the heat on the central bank to loosen policy. The flash HSBC Purchasing Managers' Index fell to 48.3 in June from ...
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