Yahoo! News India

  • Raghuram Rajan to brief press on rupee fall Reuters
    Raghuram Rajan to brief press on rupee fall

    NEW DELHI (Reuters) - India's chief economic adviser Raghuram Rajan said he will brief the media at 11:15 local time on Thursday after the rupee fell to a record low level. The rupee has fallen to 59.9350 to the dollar, a day after the U.S. Federal Reserve indicated a tapering of its monetary stimulus, and data showed China's factory activity weakened to a nine-month low in June. Reacting to the rupee's fall, Rajan said the U.S. Quantitative Easing programme can not continue indefinitely. (Reporting by Anurag Kotoky; Editing by Supriya Kurane)

  • Lawmaker, university spar over 'control' of Chinese dissident in U.S. Reuters
    Lawmaker, university spar over 'control' of Chinese dissident in U.S.

    By Paul Eckert WASHINGTON (Reuters) - A U.S. congressman who has been blind Chinese dissident Chen Guangcheng's main champion in Washington said people working for New York University have tried to keep him from meeting Chen, barging into a meeting on Capitol Hill and pulling Chen out on one occasion. U.S. Representative Chris Smith, an outspoken supporter of Chinese dissidents since the 1980s, described repeated instances of various people he says were from NYU interfering in his attempts to meet with Chen. ...

  • Finance minister holds meeting with officials over rupee fall Reuters
    Finance minister holds meeting with officials over rupee fall

    NEW DELHI (Reuters) - Finance Minister P. Chidambaram held a meeting with his top civil servants on Thursday about the fall of the rupee, which has plunged to a record low level. The rupee has fallen to 59.9350 to the dollar, a day after the U.S. Federal Reserve indicated a tapering of its monetary stimulus, and data showed China's factory activity weakened to a nine-month low in June. (Reporting by Rajesh Kumar Singh and Manoj Kumar, editing by Anurag Kotoky)

  • CORRECTED - Q2 ThomsonReuters/INSEAD Asia Business Sentiment Survey - by economy Reuters

    (Corrects final paragraph to show Singapore's previous reading was 61, not 63) SYDNEY, June 19 (Reuters) - Optimism among Asia's top companies gathered momentum in the second quarter despite lingering concerns about the global economy and rising costs, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey published on Wednesday showed. ...

  • Brazilians mock Pele appeal to end protests Reuters
    Brazilians mock Pele appeal to end protests

    SAO PAULO (Reuters) - Brazilian soccer great Pele has called on thousands of protestors demonstrating over poor quality public services and corruption to leave the streets and focus on football, an appeal that was quickly met with derision on social media. Brazil is currently hosting the Confederations Cup which began on Saturday, a tournament seen as a dry-run before it hosts the World Cup next year expected to draw an estimated 600,000 visitors to the country. ...

  • Government bond trading bands removed for day - FIMMDA CEO Reuters

    MUMBAI (Reuters) - Indian government and state bonds will have no trading bands for Thursday, chief executive officer C.E.S. Azariah told Reuters, after trading in some debt had been halted earlier in the day due to circuit breakers. Trading in the Indian government bond market resumed after the relaxation in limits. The most-traded 8.33 percent 2026 bond rose 15 basis points to 7.60 percent from its previous close. The benchmark 10-year government bond was up 10 bps from its previous close. (Reporting by Archana Narayanan and Mumbai Treasury Desk; Editing by Rafael Nam)

  • China jails 19 Uighurs for religious extremism Reuters

    BEIJING (Reuters) - Courts in China's far western region of Xinjiang have sentenced 19 ethnic Uighurs to up to six years in jail for promoting racial hatred and religious extremism online, in the latest crackdown on what China sees as violent separatists. All but one of those jailed were from the heavily Uighur southern part of Xinjiang, including eight from the old Silk Road city of Kashgar, the official Legal Daily reported on its website. ...

  • China June flash HSBC PMI hits nine-month low on weak demand Reuters
    China June flash HSBC PMI hits nine-month low on weak demand

    By Kevin Yao BEIJING (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 May's final reading of 49.2, drifting further away from the 50-point level demarcating expansion from contraction. It was the weakest level since September. ...

  • U.S. celebrity chef explains use of racial epithet in deposition Reuters
    U.S. celebrity chef explains use of racial epithet in deposition

    REUTERS - U.S. celebrity chef Paula Deen, known for her high-calorie Southern cooking, admitted in a deposition that surfaced on Wednesday that she has used racial slurs but her attorney says she does not tolerate prejudice. A former employee of Paula Deen Enterprises, Lisa Jackson, is suing Deen and her brother Earl "Bubba" Hiers for racial and sexual discrimination in the work place, and the video-taped deposition was related to the suit. ...

  • Rupee slumps to record low; bonds, stocks slump Reuters
    Rupee slumps to record low; bonds, stocks slump

    MUMBAI (Reuters) - The rupee slumped to a record low on Thursday, while stocks and bonds were hit, after the Federal Reserve signalled a tapering of its monetary stimulus, highlighting the country's dependence on 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 Wednesday. ...

  • Virus sickens 200 at Yellowstone, Grand Teton parks Reuters
    Virus sickens 200 at Yellowstone, Grand Teton parks

    By Laura Zuckerman REUTERS - Two of America's premier national parks, Yellowstone and Grand Teton, warned visitors on Wednesday about a gastrointestinal illness that has sickened at least 200 people at the start of the summer tourist season. The rare health advisory, tied to a suspected outbreak of the highly contagious norovirus, comes in the early weeks of a season that drew about 6 million people to the parks last year. ...

  • Serena Williams apologizes for rape case remark Reuters
    Serena Williams apologizes for rape case remark

    REUTERS - Serena Williams has apologized for comments she made in a forthcoming interview in which she appeared to assign blame to the 16-year-old victim in the Steubenville, Ohio, rape case for being drunk. The comments were reported in an interview with Rolling Stone magazine and stirred up U.S. media attention on Wednesday. "What happened in Steubenville was a real shock for me. I was deeply saddened," the women's world number one said in a statement on her website. ...

  • Actor James Gandolfini, star of 'The Sopranos,' dies in Italy Reuters
    Actor James Gandolfini, star of 'The Sopranos,' dies in Italy

    By Piya Sinha-Roy and Steve Gorman LOS ANGELES (Reuters) - James Gandolfini, the burly actor best known for his Emmy-winning portrayal of a conflicted New Jersey mob boss in the groundbreaking cable TV series "The Sopranos," died on Wednesday vacationing in Italy. He was 51. Gandolfini, whose role as Tony Soprano made him a household name while transforming the HBO network and ushering in a new era of drama on American television, had been scheduled to attend the closing of the Taormina Film Festival in Sicily on Saturday. ...

  • Facebook has never been stronger since IPO, Sandberg says Reuters
    Facebook has never been stronger since IPO, Sandberg says

    By Alexei Oreskovic SAN FRANCISCO (Reuters) - A year after Facebook Inc's fumbled IPO, Wall Street remains slow to recognize what Chief Operating Officer Sheryl Sandberg argues has been an across-the-board improvement in its business. Facebook's ability to deliver ads to mobile phones, improvements in measuring the effectiveness of its ads and increasing user engagement have all put the world's largest social network in a better position than before the IPO, Sandberg told the Reuters Global Technology Summit on Wednesday. ...

  • New U.S. climate strategy coming within weeks - Obama adviser Reuters
    New U.S. climate strategy coming within weeks - Obama adviser

    By Valerie Volcovici WASHINGTON (Reuters) - President Barack Obama will target carbon emissions from power plants as part of a second-term climate change agenda expected to be rolled out in the next few weeks, his top energy and climate adviser said on Wednesday. Obama will take several steps to make tackling climate change a "second-term priority" that builds on first-term policies, said Heather Zichal, deputy assistant to the president for energy and climate change. ...