India likely to grow less than 6% in FY13: Survey

Published : 1:30 am  July 11, 2012  |  Category: International  |  Leave a Comment  |  554 views  |  
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Reuters Market Eye :India’s GDP growth will likely be less than 6% for FY13, according to 72% of respondents in a client survey by Standard Chartered Bank.  Read More →


Asia shares hurt as growth worries deepen on China, US data

Published : 12:13 am  July 10, 2012  |  Category: International  |  1 Comment  |  627 views  |  
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Reuters: Asian shares slid on Monday after U.S. jobs data and cooling inflation in China exacerbated worries about flagging global economic growth, with investors not particularly hopeful that a European meeting later in the day would bring further progress for the region’s banks.  Read More →


China slowdown weighs on emerging market funds

Published : 12:12 am  July 10, 2012  |  Category: International  |  Leave a Comment  |  797 views  |  
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REUTERS: As China slips, the second-half performance for many emerging market mutual funds might soon follow. In recent months, investors have been pulling hundreds of millions of dollars out of stock funds that invest mainly in companies associated with the big four emerging market nations of Brazil, Russia, India and China.  Read More →


Egypt president recalls parliament, generals meet

Published : 12:10 am  July 10, 2012  |  Category: International  |  Leave a Comment  |  655 views  |  
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Reuters: Egypt’s new president on Sunday ordered a parliament dominated by his Islamist party to reconvene, challenging the authority of the generals who had dissolved the assembly in line with a court order.  Read More →


Greece says will carry out reforms, privatisations

Published : 12:00 am  July 9, 2012  |  Category: International  |  Leave a Comment  |  574 views  |  
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Reuters: Greece’s new finance minister on Saturday pledged to carry out reforms and privatisations demanded under its latest financial rescue in an attempt to regain credibility with international partners stumping up money to keep the country afloat.  Read More →


US, Pakistan ties still raise tough questions: Clinton

Published : 12:00 am  July 9, 2012  |  Category: International  |  1 Comment  |  534 views  |  
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Reuters: The U.S.-Pakistani relationship remains challenging for both despite the reopening of Pakistani land routes to resupply U.S. troops in Afghanistan, U.S. Secretary of State Hillary Clinton said on Sunday. Clinton last week apologised for a November NATO air strike that killed 24 Pakistani soldiers and Islamabad responded by reopening the overland supply routes that are crucial to the U.S-led war in Afghanistan.  Read More →


SE Asia in a quandary over US-China rivalry

Published : 12:00 am  July 9, 2012  |  Category: International  |  1 Comment  |  710 views  |  
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Reuters: A U.S.-China tug-of-war over Southeast Asian influence is proving to be a critical test for Washington’s “pivot” East as Beijing strengthens its economic and military clout in its own backyard. Countries of the Association of South East Asian Nations (ASEAN), one of the world’s fastest growing regions, are weighing up how to play their cards as the United States plays catch-up with the Chinese juggernaut and tries to reassert itself in Asia.  Read More →


Asian shares fall on growth worries despite cuts

Published : 12:00 am  July 7, 2012  |  Category: International  |  1 Comment  |  919 views  |  
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Reuters: Asian shares slipped on Friday, taking their cue from falls overnight in global stock markets. Sentiment stayed cautious despite new stimulus steps taken by three major central banks, with the focus now on U.S. jobs data due later in the day.  Read More →


Trio of top central banks leap into action

Published : 12:00 am  July 7, 2012  |  Category: International  |  Leave a Comment  |  910 views  |  
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Reuters: China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down.  Read More →


‘Rightful heir’ to British monarchy dies in Australia

Published : 12:00 am  July 7, 2012  |  Category: International  |  Leave a Comment  |  1,157 views  |  
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AFP: An Australian forklift driver who some historians argued was the true heir to the British throne has died in the small New South Wales town he called home, his local newspaper reported Thursday. Mike Hastings, 71, was a real-life aristocrat, born the 14th earl of Loudoun, who moved to Australia in 1960 in search of adventure.  Read More →


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