Economy News
China, India service sectors counter downturn
BEIJING/BANGALORE - The services sectors in emerging powerhouses China and India grew in July at a healthy pace, providing vital support for the two economies as their manufacturing sectors struggle with the global downturn.
U.S. employers step-up hiring, but Fed still in picture
WASHINGTON - U.S. employers in July hired the most workers in five months, but an increase in the jobless rate to 8.3 percent kept prospects of further monetary stimulus from the Federal Reserve on the table.
Spain inches towards a full EU bailout
MADRID - Spanish Prime Minister Mariano Rajoy inched closer on Friday to asking for an EU bailout for his country, but said he needed first to know what conditions would be attached and what form the rescue would take.
EU's Rehn says markets may have misunderstood ECB
HELSINKI - EU Economic and Monetary Affairs Commissioner Olli Rehn said on Friday that financial markets may have initially misunderstood the European Central Bank's decision a day earlier.
ECB's bond incentive carries own risks
LONDON - The European Central Bank has given investors a clear incentive to buy Spanish and Italian bonds that mature sooner rather than later, creating the risk that these countries will struggle to sell longer-dated debt.
Serb govt tightens grip on cbank despite EU, IMF warning
BELGRADE - Serbia's Socialist-led government stepped up control over the central bank in the struggling ex-Yugoslav republic on Saturday, ignoring IMF criticism and a warning that the move would hurt its bid to join the European Union.
India plans economic zone in Sri Lanka to boost trade - minister
COLOMBO - Trade minister Anand Sharma on Friday said a special economic zone is planned for Sri Lanka's eastern port city of Trincomalee as part of an effort to double bilateral trade to $10 billion by 2015.
RBI sets new norms for non-banking financial companies
MUMBAI - The Reserve Bank of India said on Friday registered non-banking financial companies (NBFCs) intending to convert to non-banking financial company-micro finance institutions (NBFC-MFI) will have to maintain net owned funds at 30 million rupeesby March 31, 2013 and 50 million rupees by end-March 2014.
Shortage of animal feed looms in drought-parched India
NEW DELHI - India's first drought in three years will cut output of some coarse grains used for animal feed, the weather office chief said on Friday, and trigger a shortage of fodder in a country where farmers make up roughly half the workforce.
Rising joblessness deflates good news on payrolls
WASHINGTON - U.S. employers picked up the pace of hiring in July but a rise in the unemployment rate and the exodus of 150,000 people from the workforce deflated the positive signals given by the report.
Markets
- Asia
- U.S.
- Europe
- Sectors
| DOW | 13,096.17 |  +0.00 |
+0.00% |
| S&P; 500 | 1,390.99 | +25.99 |
+1.90% |
| NASDAQ | 2,967.90 | +58.13 |
+2.00% |
| TR US Index | 125.40 | +2.37 |
+1.92% |
Sector Summary
| Energy | +1.31% |
| Basic Materials | +0.59% |
| Industrials | +1.43% |
| Cyclical Goods & Services | +1.46% |
| Non-Cyclical Goods & Services | +1.04% |
| Financials | +1.08% |
| Healthcare | +0.78% |
| Technology | +1.77% |
| Telecoms | +0.14% |
| Utilities | +0.65% |
Maruti factory riot sounds alarm bells for industry
MANESAR, India - Hiding in his office near New Delhi as workers armed with iron bars and car parts rampaged through the factory, Maruti Suzuki supervisor Raj Kumar spent two terrified hours trying to comprehend the warzone his workplace had become.
Reuters Showcase
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
