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India's finance minister is putting welfare, defense and road projects on the chopping block in a last-ditch attempt to hit a tough fiscal deficit target by March, risking short-term economic growth and angering cabinet colleagues.
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"It's inevitable that that's going to be on the table," said Jake Colvin, vice president at the National Foreign Trade Council, which represents major U.S. exporters such as Boeing Co, Microsoft Corp and Caterpillar Inc..
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NEW YORK, Feb 1- Gold rose in unison with equities and commodities on Friday, notching a weekly gain, after U.S. nonfarm payrolls data showed modest job growth in January.
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*China's official PMI eases to 50.4, HSBC reading at two-year high. NEW YORK/ LONDON, Feb 1- U.S. manufacturing growth quickened in January and hiring across the economy increased in late 2012, but Chinese factories only managed a slight rebound as the new year began, suggesting that world economic growth remains sluggish.
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LONDON, Feb 1- Gold prices rose above $1,680 an ounce on Friday in line with a rally in stocks and other commodities after U.S. non-farm payrolls data showed modest job growth in January and upward revisions in December and November. Spot gold was up 0.9 percent at $1,677.70 an ounce at 1438 GMT, having earlier touched a high of $1,681.70.
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Feb 1- Beam Inc reported a smaller-than-expected decline in fourth-quarter earnings and gave an optimistic 2013 forecast as it benefits from strong demand for bourbon and growth in emerging markets.
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The company earned $126.3 million, or 79 cents per share, up from $88.5 million, or 56 cents per share, in the same quarter last year. Revenue excluding excise taxes rose 11 percent to $709.1 million, from $637.5 million, beating Wall Street predictions of $706.2 million.
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FRANKFURT, Feb 1- Daimler secured a stake in its partner BAIC Motor ahead of a planned stock offering by the Chinese carmaker, in an effort to catch up with larger German rivals in what could become the biggest market for luxury cars in the world.
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LONDON/ BEIJING, Feb 1- China's vast factory sector managed only a shallow rebound at the start of 2013 and manufacturing in the euro zone remained weak, although there the worst may be over, a clutch of surveys suggested on Friday.
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*MSCI Asia ex- Japan steady. European markets are likely to inch higher, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX would open up as much as 0.2 percent.
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SEOUL, Feb 1- Samsung Electronics Co Ltd Chairman Lee Kun- hee fended off a lawsuit by estranged family members demanding he hand over billions of dollars of shares in Samsung companies as a South Korean court ruled in his favour on Friday.
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*HSBC final China Jan PMI jumps to two-year high at 52.3. BEIJING, Feb 1- Asia's manufacturers face a challenging business climate in the coming months, a clutch of surveys suggested on Friday, with China's vast factory sector managing only a shallow rebound at the start of 2013 as feeble foreign demand dragged on sales.
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*HSBC final China Jan PMI jumps to two-year high at 52.3. BEIJING, Feb 1- Asia's manufacturers face a challenging business climate in the coming months, a clutch of surveys suggested on Friday, with China's vast factory sector managing only a shallow rebound at the start of 2013 as feeble foreign demand dragged on sales.
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NEW YORK, Feb 1- Gold rose in line with equities and commodities on Friday, set for a weekly gain, after U.S. nonfarm payrolls data showed modest job growth in January.
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CHICAGO, Feb 1- After nearly 100 years, researchers could be on the verge of finding a vaccine that would eradicate tuberculosis infections, a scourge that kills 1.4 million people a year. "In my own personal view, I will consider this to be a landmark or a watershed," said Peggy Johnston, senior program officer at the Bill& Melinda Gates Foundation in Seattle.
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BANGALORE, Feb 1- Growth in Indian manufacturing slowed to a three month low in January, as new export orders lost momentum, a business survey showed on Friday, underscoring the risks to Asia's third largest economy from weak global demand, particularly in Europe.
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*S.Korea HSBC/ Markit Jan PMI s/adj 49.9 vs 50.1 in Dec. Some of the monthly indicators released on Friday supported a view that Asia's fourth-largest economy has turned the corner, while analysts said prospects for a recovery the would be modest at best would prompt the Bank of Korea to cut interest rates soon.
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*S.Korea HSBC/ Markit Jan PMI s/adj 49.9 vs 50.1 in Dec. The HSBC/ Markit purchasing managers' index for South Korea, issued separately, showed that manufacturing activity declined marginally and suggested that underlying conditions remain fragile.
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SEOUL, Feb 1- South Korean exports in January rose 11.8 percent from a year earlier while imports grew 3.9 percent, data showed on Friday, both beating market expectations and suggesting a sustained recovery in global trade.
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Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.
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Jan 31- Shares of Facebook Inc recovered from an 8 percent slide on Thursday, finishing the regular session down less than 1 percent, as Wall Street's initial alarm over mobile revenue results and spending plans subsided.