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WASHINGTON (Reuters) - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and consumers spent less, raising concerns about the recovery in the rest of 2010.

U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and consumers spent less, raising concerns about the recovery in the rest of 2010.

CAPE TOWN (Reuters) - Oil fell towards $77 a barrel on Friday, extending an earlier drop, pressured by data showing economic growth in top oil consumer the United States slowed in the second quarter.

MUMBAI (Reuters) - The Reserve Bank of India said on Friday it has decided to allow trading in currency options on spot U.S. dollar-rupee on stock exchanges.

NEW DELHI (Reuters) - India's crucial monsoon rains are likely to be above normal in the remaining two months of the June-September season, the weather office said on Friday, boosting prospects of strong harvests of rice, cane and oilseeds.

TOKYO/BOULOGNE-BILLANCOURT (Reuters) - Honda Motor Co and Renault joined their rivals in reporting strong results for the quarter to the end of June, as the auto industry faces growing concerns over slowing demand in the United States, China and Europe.

NEW YORK (Reuters) - Global stocks fell and the U.S. dollar extended losses against the Japanese yen on Friday as investors sought safety after a report showed the U.S. economy slowed a bit more than expected in the second quarter.

MUMBAI (Reuters) - Share sale in state-run Engineers India Ltd and SKS Microfinance to raise a combined $564 million drew strong investor demand on Friday, brightening the outlook for share offerings in Asia's third-largest economy.

MUMBAI (Reuters) - The Reserve Bank of India said on Friday it has imposed a penalty of 500,000 rupees each on Standard Chartered Bank and ICICI Bank.

Dhaka, July 30 (IANS) Thousands of readymade garment workers Friday rampaged through different parts of the national capital to protest the new wage structure announced for them by the government.

REUTERS - Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.

HELSINKI (Reuters) - An increasingly heated battle in the global smartphone market is set to weigh on handset vendors' profit margins for the rest of the year, analysts said on Friday.

The U.S. Congress is poised to debate energy legislation designed to toughen offshore drilling practices in the aftermath of the devastating Gulf of Mexico oil spill.

Apple Computers has emerged as the world's most valuable brand in the 50 Top valuable brand list of the Forbes magazine.

China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.

The lure of Islamic bonds appears to be wearing off for conventional borrowers in the Gulf, even as the global industry grows, with high-profile defaults and rising costs souring their appeal.

Seoul, July 30 (DPA) South Korean electronics giant Samsung Electronics Co Friday posted a record 83 percent net profit rise for the second quarter, boosted by strong demand for chips and flatscreen televisions.

Panaji, July 30 (IANS) Faced with increasing civic protests against rampant mining in the state, the Goa government is considering framing a new mining policy.

Dhaka, July 30 (IANS) Bangladesh has announced new wage scales for its ailing garment industry but the workers are still persisting with their Taka 5,000 ($71) minimum wage demand.

Toronto, July 30 (IANS) With Apple's iPhone 4 threatening to topple it from its top perch in North America and even President Barrack Obama admitting on a TV show Thursday that using BlackBerry is 'no fun'' any more, the smartphone maker Research In Motion (RIM) seems all set to unveil a new device next week.