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U.S. markets news

RBI keeps repo rate on hold at 7.25 percent
MUMBAI The Reserve Bank of India (RBI) kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates.
RBI keeps repo rate unchanged at 7.25%; CRR unchanged  Economic Times
India's Sensex Drops After RBI Decision as ONGC Falls; SBI Gains  Bloomberg
Puerto Rico defaults for the first time
(File photo) A panoramic view of San Juan, Puerto Rico. Castillo de San Crist�bal is in the foreground, Capitolio can be seen in the background.
Puerto Rico economy: Government defaults on bond payment  BBC News
Puerto Rico Defaults On Debt Repayment  USA TODAY
If You Shoot Big Game in Africa, Neither Delta Nor United Will Ship Parts of ...
The international indignation ignited by the death of Cecil the lion in Zimbabwe last month is persuading some airlines to consider their policy on the shipment of big-game carcasses and body parts (known in hunting parlance as “trophies”).
Delta Air Lines bans freight shipments of lion hunting trophies  Washington Post
Delta bans shipments of trophies of lions, other big game  Reuters
In Cash-Starved Greece, Plastic Casts Light Into Shadow Economy
Until last month, the vast majority of Greek pensioners didn't even have a cash card, which led to the scenes in July of elderly Greeks lining up in despair outside banks to get their pensions when the banks were shut down.
Futures lower, investors look to US jobs report  USA TODAY
Greek shares plunge on uncertainty about bailout's progress  The Australian Financial Review
Toyota Posts Record Profit
TOKYO— Toyota TM -0.21 % Motor Corp. posted a record quarterly net profit of �646.4 billion ($5.21 billion) on Tuesday, as Japan's biggest auto maker continued to bank on a weaker yen.
Toyota Motor Q1 net profit jumps 10 pct, beats estimates  Reuters
Toyota's quarterly profit up 10 pct on cheap yen, cost cuts  Washington Post
Libor Dreams End in Prison Term as Tom Hayes Loses Last Gamble
The journey that led Tom Hayes to a drab courthouse on the banks of the River Thames started 6,000 miles away on a buzzing trading floor in Tokyo's financial district in the summer of 2006.
Trader gets 14-year jail in Libor rigging case
Ex-Libor 'ringmaster' Tom Hayes gets 14 years for rate rigging
UK Sells 5.4% Stake in RBS
LONDON—The U.K. government on Tuesday said it had sold a 5.4% stake in Royal Bank of Scotland Group RBS -1.59 % PLC, raising �2.08 billion ($3.24 billion) and kicking off a long-awaited privatization of the lender.
RBS: Government sells �2.1bn of shares in bank  BBC News
UPDATE 1-UK starts RBS sell-off with $3.3 bln stake sale  Reuters
Chinese markets rise as Beijing clamps down on short selling
China shares made tentative gains Tuesday after officials announced fresh steps to rein in short selling, while commodities weakness spread to some Asian currencies, including the Malaysian ringgit.
China Clamps Down on Short Selling  Wall Street Journal
Bulls Go Missing in Options for Hong Kong's Bourse Operator  Bloomberg
As oil falls below $50, analysts eye 'mid-price' era
SINGAPORE A slump in oil below $50 a barrel - a level it has held above for most of the past decade - has raised the prospect of a new era of lower prices, although a return to super-cheap oil seems unlikely.
Oil Prices Claw Up From Four-Month Lows  Wall Street Journal
An oil worker makes repairs at Tehran's oil refinery. Source: AP  The Australian
239 Years Ago, Adam Smith Predicted Fury of Seattle Business at CEO Who Pays ...
Dan Price, the CEO of a small Seattle credit card processing company called Gravity Payments, announced several months ago that over the next three years he'll gradually raise the minimum salary there to $70,000.
A Company's In-House $70000 Minimum Wage Backfires  Investor's Business Daily (blog)