Lira, rupee lead emerging market rally as Fed grants reprieve
LONDON (Reuters) – Turkey’s lira and India’s rupee rose 2 percent on Thursday and their stock markets surged as the Federal Reserve’s surprise decision to sustain its monetary stimulus granted a lifeline to embattled emerging markets.
GE shuffle signals growing importance of oil & gas unit
(Reuters) – General Electric Co’s decision to name rising star Lorenzo Simonelli to head its oil and gas equipment business signals just how important energy has become to the conglomerate as it retreats from finance and returns to its industrial roots…
Taperless Fed sets off share and bond market surge
LONDON (Reuters) – World shares and global bond prices surged on Thursday and the dollar fell after the U.S. Federal Reserve stunned markets by delaying plans to cut back its huge asset-purchase programme.
Insight: Embraer’s Herculean task: Brazilian jet takes on Lockheed
SAO JOSE DOS CAMPOS, Brazil (Reuters) – For decades Brazilian planemaker Embraer SA has kept its head down, shying away from larger aircraft in competition with industry giants that its executives called the “big dogs.”
U.S. jobless claims rise, but government analyst says backlog distorting data
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits rose last week, but it was difficult to get a clear read on the labor market’s health because a Labor Department analyst said two states appeared to be working throug…
Singapore Air and Tata to form full-service Indian carrier
NEW DELHI (Reuters) – India’s Tata conglomerate and Singapore Airlines will form a full-service airline based in New Delhi, adding a deep-pocketed player to a fast-growing but competitive Indian aviation sector where most operators lose money.
Analysis : Fed delivers reprieve for India, risks sowing complacency
MUMBAI (Reuters) – The U.S. Federal Reserve’s decision to press ahead with its asset-buying gives India’s battered rupee a reprieve and creates space at a policy review on Friday for its central bank to scale back some of the measures put in place to s…
Fed shock pushes euro money market rates lower, eases ECB job
LONDON (Reuters) – Euro zone money market rates fell to six-week lows on Thursday after the Federal Reserve unexpectedly stuck to its $85 billion-a-month stimulus program, easing pressure on the European Central Bank to relax policy.
Fed’s decision not to cut stimulus ‘prudent’ – China’s Xinhua
BEIJING (Reuters) – The U.S. Federal Reserve’s decision to delay reducing its massive monetary stimulus appears prudent, China’s Xinhua news agency said on Thursday.
JP Morgan keeps top spot in investment bank league table -poll
LONDON (Reuters) – JPMorgan Chase & Co retained its position as No. 1 investment bank by revenues for the first half of 2013 and took the top spot in all three categories: fixed income, equities and advisory, a survey showed on Thursday.
