Reuters: Money News: China official PMI hits 16-month high in August

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China official PMI hits 16-month high in August Sep 1st 2013, 03:17 BEIJING (Reuters) - China's factory activity expanded at the fastest pace in more than a year in August with a jump in new orders, official data showed on Sunday, raising hopes that a rapid economic slowdown in the world's second-largest economy may have been arrested.

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Reuters: Money News: Rupee slump a hard lesson for students overseas

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Rupee slump a hard lesson for students overseas Sep 1st 2013, 02:39 NEW DELHI (Reuters) - Student Mikael Haris is wrestling with the sort of question confronting others across India, including companies, investors and banks, following the 18 percent slump in the rupee this year.

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Reuters: Money News: Verizon, Vodafone boards set to vote on $130 billion wireless deal

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Verizon, Vodafone boards set to vote on $130 billion wireless deal Sep 1st 2013, 03:21 NEW YORK (Reuters) - The boards of Verizon Communications and Vodafone Group Plc are expected to vote this weekend on a $130 billion deal, funded by about $65 billion of debt, to give the U.S. telecom giant complete ownership of Verizon Wireless, people familiar with the matter said on Saturday.

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Reuters: Money News: Ford recalls 370,000 Lincoln, Mercury, and Ford sedans

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Ford recalls 370,000 Lincoln, Mercury, and Ford sedans Sep 1st 2013, 03:24 REUTERS - Ford Motor Co is recalling about 370,000 model year 2005 to 2011 Ford Crown Victoria, Mercury Grand Marquis and Lincoln Town Car sedans in the United States and Canada to fix a steering shaft issue, the company said in a statement.

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Reuters: Money News: India could save $8.5 bln by buying extra Iranian oil - minister

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India could save $8.5 bln by buying extra Iranian oil - minister Aug 31st 2013, 19:24 NEW DELHI (Reuters) - India could save $8.5 billion in foreign exchange spending on crude oil imports in 2013/14 if it relied more on supplies from Iran, which is able to accept payment in rupees, Oil Minister M. Veerappa Moily said.

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