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Indian rupee hits record low as confidence in government ebbs 27 Aug 2013 | 03:40 pm

MUMBAI/NEW DELHI (Reuters) - The Indian rupee hit a record low and shares slumped on Tuesday after parliament's approval of a $20 billion plan to provide cheap grain to the poor renewed doubts about t...

China investigates more top PetroChina executives over corruption 27 Aug 2013 | 03:36 pm

BEIJING/HONG KONG (Reuters) - A high-level government probe into corruption at China's leading oil and gas firm widened on Tuesday, with three additional senior officials at the state-run giant being ...

Ex-JPMorgan employee arrested in Spain over ‘London Whale’ charges 27 Aug 2013 | 03:30 pm

MADRID (Reuters) - Former JPMorgan employee Javier Martin-Artajo, who is wanted by the United States on fraud and tax crime charges, was arrested in Madrid on Tuesday morning, Spanish police said in a...

Syria doubts drive up oil, yen; stocks fall 27 Aug 2013 | 03:26 pm

LONDON (Reuters) - Uncertainty about the possibility of military action against the Syrian government lifted oil towards a five-month high on Tuesday, undercut world share prices and drove demand for ...

Michigan Senate set to vote on expanding Medicaid under Obamacare 27 Aug 2013 | 03:12 pm

(Reuters) - The Michigan state Senate is expected to vote as early as Tuesday on a bill to expand Medicaid, the health program for the poor, under President Barack Obama's healthcare reform law.

Planemakers eye replacement sales at Russian air show 27 Aug 2013 | 02:51 pm

MOSCOW (Reuters) - The world's top aircraft makers, scenting a major opportunity in replacing ageing Russian air fleets, will be touting their wares at Moscow's MAKS air show this week in the hope of ...

Honda’s China venture recalls over 400,000 vehicles in China 27 Aug 2013 | 02:46 pm

SHANGHAI (Reuters) - The Chinese venture of Japanese automaker Honda Motor Co Ltd will recall more than 400,000 vehicles in China due to piston rod defects, China's quality watchdog said on Friday.

Spain’s recession deeper than initially stated in 2012: official data 27 Aug 2013 | 02:34 pm

MADRID (Reuters) - Spain's economy shrank 1.6 percent in 2012, versus the 1.4 percent contraction previously recorded, according to revised historical gross domestic product data from the country's Na...

Russia warns Belarus over arrest of potash boss 27 Aug 2013 | 02:20 pm

MOSCOW/MINSK (Reuters) - Russia put pressure on Belarus on Tuesday to release the head of Russian miner Uralkali , the world's largest potash producer, a day after he was arrested following talks with...

German business sentiment surges to highest in 16 months 27 Aug 2013 | 01:53 pm

BERLIN (Reuters) - German business sentiment surged to its highest level in 16 months in August, driven by a pickup in the manufacturing sector, and suggesting Europe's largest economy is gaining mome...

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