November 4: Behind the lens
November 4: Behind the lens
A vegetable vendor sleeps in his roadside shop in New Delhi
India's food inflation rose 12.85 per cent, while the fuel price index climbed 10.67 per cent in the year to October 23, government data showed on Thursday.
In the prior week, annual food and fuel inflation stood at 13.75 per cent and 11.25 per cent respectively.
The primary articles index was up 15.43 per cent in the latest week compared with an annual rise of 16.62 per cent a week earlier.
The wholesale price index , the most widely-used gauge of prices in India, rose 8.62 per cent in September compared with an annual rise of 8.5 per cent in August.
A woman holds her son while looking at gold chains in a gold shop at Bangkok's Chinatown
Last-minute purchases from India, the world's main gold consumer, stirred up the physical market on Thursday as consumers shrugged off rising prices ahead of the peak of the festive season.
Sales of scrap also slowed to a trickle as investors expected gold to rise further on worries the US Federal Reserve's move to buy more government debt would do more harm than good, keeping premiums steady in Singapore and Hong Kong.
Cash gold rose $9.05 an ounce to $1,356.2 an ounce, tracking a rally in US gold futures. Cash gold struck a record around $1,387 last month.
India's festival demand peaks with Dhanteras on Wednesday and the Diwali festival of lights on Friday. Weddings also take place during the season, and gold jewellery is an essential part of the dowry basket that Indian parents give their daughters at weddings for security.
Qantas Airways 380 passenger plane flight QF32 is sprayed by rescue services after making an emergency landing at Changi airport in Singapore
An engine failure that forced the emergency landing of a A380 superjumbo jet in Singapore on Thursday could further delay manufacturer Airbus's bid to claw back the plane's hefty development costs.
Airbus can ill afford setbacks in sales of the A380, a plane which cost 12 billion euros ($17 billion) to develop but has failed to attract airlines in some key markets including the United States and Japan.
(For SLIDESHOW: Qantas grounds giant A380s, click http://in.reuters.com/news/pictures/slideshow?articleId=INRTXU70D)
A380 orders slowed to just four last year from a peak of 85 in 2001.
Concerns triggered by the emergency landing hit shares in Airbus parent EADS and Rolls-Royce, maker of the engine involved.
US President Barack Obama answers a question during a post-election news conference in the East Room of the White House in Washington
A weakened US President Barack Obama visits India this week to counter perceptions he has relegated the Asian power behind rivals China and Pakistan, but he may struggle to seal deals to help usher in billions of dollars of business.
Economic ties are booming but Obama's visit from Saturday to Monday may fail to live up to President Bill Clinton's 2000 trip that helped break the diplomatic ice, or President George W. Bush's visit in 2006 when a civil nuclear deal was hailed as a landmark in ties.
Obama's drubbing in the mid-term elections may also tie his political hands when it comes to bold policy moves on India as growing worries emerge that outsourcing in cities such as IT hub Bangalore is worsening mass unemployment in the United States.
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