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As China signs global deals to export its nuclear power technology, it faces a huge obstacle: it still needs to show it can build and safely operate these reactors at home.Aided by foreign technology acquired during three decades of development, China has the highest number of reactors being built and ambitions to export its home-grown models to an overseas market worth hundreds of billions of dollars.Premier ...
The Chinese yuan will likely rise only slightly over the coming year as broad dollar strength, the threat of deflation and weak economic growth raises the chance of further stimulus from the central bank, a Reuters poll showed.The poll also showed the Indian rupee is expected to depreciate marginally in the next twelve months, tracking the strong dollar.The dollar has had an almost unbroken rally since ...
Gold held below $1,200 an ounce on Friday and was headed for a fifth weekly decline in six, with he dollar near 11-year highs on expectations of strong U.S. jobs data and an interest rate hike.FUNDAMENTALS* Spot gold was little changed at $1,199.61 an ounce by 0028 GMT, after falling for four straight sessions to Thursday. The metal is down about 1 percent for the week.* All eyes were on the U.S. nonfarm ...
Gold edged above $1,200 an ounce on Thursday as equities weakened, but the safe-haven metal retained most of its losses from a three-day decline on robust U.S. economic data and strength in the dollar.FUNDAMENTALS* Spot gold had ticked up 0.3 percent to $1,202.65 an ounce by 0035 GMT, after losing 1 percent in the last three sessions.* The metal fell on Wednesday after data showed U.S. private employers ...
* FTSEurofirst 300 up 0.5 pct, hits fresh 7-year high * Stronger-than-expected U.S. jobs data lifts sentiment * Steelmakers rise after sources say EU to impose duties * $35 bln poured into Europe stocks, bonds since QE unveiled By Blaise Robinson PARIS, March 6 (Reuters) - European stocks rose on Friday with shares in stainless steel producers surging after news the European Union was set ...
By Eric Auchard and Leila Abboud BARCELONA (Reuters) - Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. The shift, while in its early stages, involves relying on ever cheaper computer boxes and powerful software that promises to make networks ...
Diseases spread through dirty water and poor sanitation are the fifth biggest killer of women worldwide, causing more deaths than AIDS, diabetes or breast cancer, researchers say.Nearly 800000 women die every year because they lack access to safe toilets and clean water, said the development organisation WaterAid, which analysed data from the Seattle-based Institute of Health Metrics research centre."This ...
South Korean technology giant Samsung Electronics Co Ltd said on Friday that it was in talks with Indian state administrations about building a third manufacturing plant in the country."While we are in talks with the state governments, nothing has been decided," Samsung said in a statement. It didn't say how much it might invest, nor what products any new plant might make.The Economic Times reported ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
* FTSEurofirst 300 up 0.5 pct, hits fresh 7-year high * Stronger-than-expected U.S. jobs data lifts sentiment * Steelmakers rise after sources say EU to impose duties * $35 bln poured into Europe stocks, bonds since QE unveiled By Blaise Robinson PARIS, March 6 (Reuters) - European stocks rose on Friday with shares in stainless steel producers surging after news the European Union was set ...
* Feb payrolls top expectations * International trade deficit narrows * Foot Locker climbs in premarket after results * Bank of America climbs after Fed stress tests * Futures off: Dow 45 pts, S&P 5.5 pts, Nasdaq 2 pts (Adds data, quote) By Chuck Mikolajczak NEW YORK, March 6 (Reuters) - U.S. stocks were poised to open lower Friday, with the S&P 500 on track for a second week of declines, ...
By Eric Auchard and Leila Abboud BARCELONA (Reuters) - Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. The shift, while in its early stages, involves relying on ever cheaper computer boxes and powerful software that promises to make networks ...
March 6 (Reuters) - Indian banks' loans rose 10.4 percent in the two weeks to Feb. 20 from a year earlier, while deposits grew 11.9 percent, a weekly statistical supplement released by the Reserve Bank of India on Friday showed. Outstanding loans rose 118.7 billion rupees ($1.90 billion) to 64.53 trillion rupees in the two weeks to Feb. 20. Non-food credit rose 151.1 billion rupees to 63.54 trillion ...
By Rebekah Kebede PERTH (Reuters) - When Probo Junio got a visa to work in Australia, he thought he had won a ticket to the good life. In 2013, the 45-year-old boilermaker left his hometown of Cebu in the Philippines, where he was getting paid about $10 a day, to work in Karratha in Western Australia for $30 an hour. Enough to support his relatives and build a new life Down Under. What Junio ...
MUMBAI (Reuters) - Stock market index provider FTSE Group has added Bosch and raised the shares of eight other Indian companies, including Yes Bank, to large-caps from mid-cap earlier in its Asia Pacific ex-Japan index. FTSE's changes, which came after a semi-annual review of indices, may lead to net inflows of nearly $150 million in Indian shares and may help soothe worries about huge India overweight ...
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