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Friday, June 28, 2013

Headlines Today


Bank of America Corp. (BAC) opened a unit in India to review home-valuation reports as it seeks to rebuild share in U.S. mortgages at a lower cost, said four people with knowledge of the move.
 
India’s rupee rose the most since September, extending its rebound from a record low, as investors reassessed expectations for a reduction in U.S. stimulus. Stocks and bonds surged the most in at least a year.
USD/INR Extends Losses As Exporters Sell The USD/INR extends early losses as exporters consistently sell the greenback, says a trader with a state-run bank. The pair is recently at 59.28 vs 60.19

The USD/INR falls after the India's cabinet late Thursday agreed to double the price of natural gas for industrial and retail consumers.

JAPAN'S MAY CORE CONSUMER PRICES UNCHANGED ON YEAR

Billionaire Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) agreed to take on Hartford Financial Services Group Inc. (HIG)’s U.K. variable-annuity business, adding $1.75 billion in assets under management.

Asia’s 1997 financial crisis won’t repeat itself, even as a slowing Chinese economy unnerves the region’s financial markets.

Shanghai set for weakest month in four years.

Japan supported by strong industrial output figures.

Sharp jumps higher on LCD joint-venture news

Shares in energy companies in India surged in pre-open trading on Friday after the government's approval of a hefty increase in gas prices is seen boosting earnings for producers such as ONGC and Reliance Industries.

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