Reuters Market Eye - The rupee is not far from its record low of 58.98 hit last week. The rupee is at 58.41/42 versus 57.87/88 at Monday's local close. A large private corporate USD seller is capping gains for the pair, say several dealers. The pair faces resistance at 58.42, which, if it holds good, may result in a downmove to 58.05 levels, says a senior trader with a foreign bank. Local stocks down 0.4 percent, in line with MSCI ex-Japan index losses. USD/INR NDFs surge overnight, closing NY trade at 58.56-58.59. ...
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The Goa government has to act against those responsible for illegal mining, and it does not, at present, appear to be taking any action, a top industry official … More »
- Mandela's condition serious but improving: President Zuma IANS
Former South African president Nelson Mandela, who has been hospitalised for over a week, continues to get better in a Pretoria hospital, President Jacob Zuma said … More »
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England fast bowler, James Anderson has called the allegations leveled against the team for ball tempering by its former captain Ashley Giles as 'untrue' and 'very … More »
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With spot-fixing under the scanner in India, the cricket Board is showing video clips of the scandal involving young Pakistan pacer Mohammad Aamer to educate its … More »
- Rupee not far from record low Reuters
- Sensex falls on caution ahead of Fed meet Reuters
Reuters Market Eye - The BSE Sensex falls 0.4 percent while the Nifty is 0.44 percent lower. Lenders fall, retreating from gains on Monday, ahead of the Fed's meeting ending on Wednesday as an early end to U.S. monetary stimulus is raising worries about a weaker rupee and hence a delay in any potential RBI rate cuts. The Reserve Bank of India kept interest rates unchanged on Monday, warning of upward risks to inflation as its currency is among the hardest hit amid a global emerging markets sell-off. ...
- Gold slips on weak physical demand; Fed meet eyed Reuters
By A. Ananthalakshmi SINGAPORE (Reuters) - Gold fell on Tuesday for a second straight session as muted physical demand weighed on prices, alongside fears of any cut in the U.S. Federal Reserve's $85 billion monthly bond purchases. Investors are closely watching the Fed's two-day policy meet that begins later on Tuesday as a string of healthy U.S. data has increased speculation the bank could scale back its bond buys, hurting gold's appeal as a hedge against inflation. ...
- Google settlement clears way for new Class C stock Reuters
By Tom Hals REUTERS - Google Inc has settled a shareholder class action lawsuit that clears the way for the company to issue a new class of nonvoting stock, giving the company a currency for acquisitions that would not dilute the founders' control. The online search engine leader had planned to issue Class C shares as a dividend to investors. A shareholder, the Brockton Retirement Board, sued and claimed the plan gave the founders, Sergey Brin and Larry Page, added control without paying for it. ...
- Charitable giving in U.S. grew in 2012, albeit modestly - report Reuters
By Susan Heavey WASHINGTON (Reuters) - Individual charitable giving in the United States grew almost 4 percent last year, while corporate donations rose at triple that rate, according to a report that shows donations by Americans to nonprofit groups mirroring the slow recovery of the larger economy. Overall, U.S. donations to bolster the arts, health, religion and other activities totaled $316.2 billion in 2012, a 3.5 percent increase from the $305.5 billion donated in 2011, according to the report, "Giving USA." That was just a 1.5 percent increase when adjusted for inflation. ...
- Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed Reuters
By Steve Holland WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned. Obama, speaking to Charlie Rose, host of a PBS interview program, compared Bernanke to longtime FBI Director Robert Mueller, who agreed to stay two years longer than he had planned and is to leave in the coming months. "Well, I think Ben Bernanke's done an outstanding job. ...
- INSIGHT - FBI relies on secret U.S. surveillance law, records show Reuters
By John Shiffman, Kristina Cooke and Mark Hosenball WASHINGTON (Reuters) - The FBI has used secret evidence obtained under the Foreign Intelligence Surveillance Act to prosecute at least 27 accused terrorists since 2007, according to a Reuters review of public records. While the recent spotlight has been on the use of the FISA law by the U.S. National Security Agency for surveillance programs following disclosures by former NSA contractor Edward Snowden, the FBI also makes extensive use of the law for domestic counterterrorism. ...
- Batteries hold key to wearable device revolution Reuters
By Alexei Oreskovic and Gerry Shih SAN FRANCISCO (Reuters) - Longer-lasting batteries are crucial for a new crop of wearable computers whose rise may upend Apple and Google's dominance of mobile devices, two of the field's pioneers say. Wearable devices - from bracelets that monitor physical activity and sleeping patterns to clothing with built-in sensors and Web-ready glasses - may mark the next big technology shift, just as smartphones evolved from personal computers. That transition has put the unglamorous battery in a starring role. ...
- Japan says G8 stance is sign of approval for "Abenomics" Reuters
By Stanley White TOKYO (Reuters) - Japanese cabinet ministers welcomed the Group of Eight summit's stance on Tokyo's sweeping stimulus policies as a vote of confidence in the government's strategy to end 15 years of entrenched deflation and revive a lacklustre economy. Japan's economics minister also moved to parry any suggestion that Prime Minister Shinzo Abe's policies, known as "Abenomics", are aimed at intentionally weakening the yen to benefit the country's exports. ...
- U.S. identifies Guantanamo prisoners it wants to hold indefinitely Reuters
By Jane Sutton GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - The Obama administration on Monday publicly identified for the first time 46 prisoners at Guantanamo Bay whom it wants to hold indefinitely without charge or trial because it says they are too dangerous to release but cannot be prosecuted. The Defense Department released the names on Monday after the Miami Herald and a group of Yale Law School students sued for its release in a U.S. District Court in Washington. ...
- Obama sees Iran's election of moderate as hopeful sign Reuters
By Steve Holland WASHINGTON (Reuters) - President Barack Obama said on Monday that Iran's election of a moderate as its next president is a sign that Iranians want to move in a different direction, but he was uncertain whether it would lead to a breakthrough over Tehran's nuclear ambitions. In an interview with public television anchor Charlie Rose, Obama said the United States and its allies would be willing to hold talks with Iran over its nuclear program, as long as Tehran recognized that international sanctions would not be lifted unless Iran proved it is not building a nuclear weapon. ...
- US right to arm Syrian rebels, says Israeli president Reuters
By Crispian Balmer JERUSALEM (Reuters) - Israeli President Shimon Peres has thrown his weight behind U.S. plans to arm Syrian rebels, shrugging off fears the weapons could be turned on Israel and exacerbate the conflict. In a wide-ranging interview with Reuters before his 90th birthday, Peres dismissed the idea that Israel could launch a unilateral military strike against Iran's nuclear facilities and urged Palestinians and Israelis to forge immediate peace. ...
- Jury finds no negligence in trial over man's 8-month erection Reuters
By Myles Miller WILMINGTON, Delaware (Reuters) - A jury on Monday cleared a doctor of negligence in a lawsuit filed by a Delaware truck driver who underwent a penile implant procedure and ended up with an erection that lasted eight months. "We're stunned," attorney Michael Heyden said as he left the New Castle County courthouse, where his client Daniel Metzgar, 44, of Newark, Delaware, was suing urologist Thomas Desperito of Wilmington, Delaware. In April 2010, four months after the procedure was performed, Metzgar experienced swelling and went to a hospital, where he underwent testing. ...
- Nikkei turns down as market wary ahead of Fed outcome; Sony gains Reuters
By Dominic Lau TOKYO (Reuters) - Japan's Nikkei average reversed early gains on Tuesday, underscoring the volatility that has roiled the market lately, as investors awaited the outcome of a Federal Reserve meeting for clues on whether it will continue to support the U.S. economy. By the midday break, the Nikkei slipped 0.7 percent to 12,941.80 after trading as high as 13,139.48. It climbed 2.7 percent on Monday, lifting the index out of a bear market. "There was no reason to be bullish this morning, other than a couple of reverse trades," a Tokyo-based trader said. ...
- EBay CEO confident of getting China payments license Reuters
By Alistair Barr SAN FRANCISCO (Reuters) - EBay Inc's PayPal division will become the first foreign company to secure a payments license in China, CEO John Donahoe predicted, but the e-commerce giant is taking a cautious approach to expansion in the country. Donahoe sees "encouraging signs" from the Chinese authorities, but said it remained next-to-impossible to guess when its fast-growing PayPal unit would finally get the green light to operate in the world's second largest economy, he told the Reuters Global Technology Summit on Monday. (For a video of the interview, click on http://reut. ...
- Decks cleared for civil terminal in Taj city Agra IANS
Agra, June 18 (IANS) Ending years of uncertainty, union Civil Aviation Minister Ajit Singh has cleared a civil aviation terminal at the Kheria Air Force Base in this Taj city, raising hopes of increased tourist traffic, a senior tourism industry official said. Once it is functional, passengers will not have to pass through the air base to board their aircraft.
- 58 dead, over 58,000 trapped as rains batter Uttarakhand, UP IANS
Lucknow/Dehradun, June 18 (IANS) Rains lashed Uttarakhand and Uttar Pradesh for the fourth consecutive day Tuesday, taking up the toll to 58 and leaving over 58,000 people wet and miserable after they got stranded.
- Obama defends surveillance of American communications IANS
Washington, June 18 (IANS) As the US whistleblower accused President Barack Obama of worsening "abusive" practices, Obama defended extensive surveillance of US communications, saying it had disrupted multiple terrorist plots and had adequate checks and balances.
- Being single doesn't suit me: Katie Price IANS
Los Angeles, June 18 (IANS) Model Katie Price admits she can't be single, and says she needs to be with a man at all times.
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- Tom Hiddleston not in 'The Avengers' sequel? IANS
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Los Angeles, June 18 (IANS) Actress Jennifer Aniston, who recently moved in with her fiance Justin Theroux to their new mansion here, reportedly stays naked in house.
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Los Angeles, June 18 (IANS) Korean singer-rapper Psy of "Gangnam style" fame, is set to record a track with singer-musician Brian May.
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Los Angeles, June 18 (IANS) Singer-songwriter Avril Lavigne has started planning for her lavish wedding with Nickelback frontman and lead guitarist Chad Kroeger. She even has a special surprise for him.
- Over 30 wild animals seized from Singapore flat IANS
Singapore, June 18 (IANS) Over 30 wild animals of highly endangered species such as the slow loris, marmoset, Indian star tortoise and ball python, prohibited for being kept as pets, have been seized from a flat in Singapore during a raid, authorities said.
- UAE, Italy discuss bilateral relations IANS
Rome, June 18 (IANS/WAM) The United Arab Emirates (UAE) and Italy have held talks over ways to strengthen bilateral ties for economic and trade cooperation.
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Los Angeles, June 18 (IANS) Singer Miley Cyrus admits she isn't fond of her old records, and says she would love to work as a "new artist".
- UN chief urges global efforts for drought, desertification IANS
United Nations, June 18 (IANS) UN Secretary-General Ban Ki- moon has called for a collective global action to build resilience and prepare for droughts, as well as to combat desertification (a type of land degradation).
- Emirates to fly 60 extra flights during Ramadan IANS
Dubai, June 18 (IANS/WAM) The Emirates will operate nearly 60 extra flights to assist pilgrims travelling to the Saudi Arabia during the holy month of Ramadan.
- Obama,South Korean president discuss regional issues IANS
Washington, June 18 (IANS) US President Barack Obama and South Korean President Park Geun-hye have held discussion on regional issues over phone, the White House said Monday.
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