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India
Gold, silver drop on reduced demand, global cues
Gold prices dropped further at the domestic bullion market here on Wednesday on heavy sell-off from stockists and investors driven by bearish overseas cues. Silver slipped following hectic speculative selling amid subdued industrial offtake.
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India
IMF projects 7.3% growth rate for India this fiscal
The lending agency welcomed recent measures aimed at increasing public infrastructure spending, rationalising subsidies, creating more flexible labour and product markets as well as enhancing financial inclusion. It has projected 7.5% growth for India next year.
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India
US dollar ends cheaper against rupee
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India
Sensex sprints 464 points post-RBI move
Market maintained its post-Budget momentum for the second day as the benchmark Sensex surged 464 points to 24,243 -- nearly a one-month high -- led by gains in banking after RBI eased capital requirement rules for lenders.
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India
Indian sugar mills close operations early: Trade body
In the 2015/16 marketing year, 513 sugar mills had started operations, but 107 mills stopped crushing by February end.
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Cina
Moody's lowers outlook on China government bonds to negative
The Chinese government's fiscal strength has weakened with borrowing increasing across the economy and financial system and stress mounting in state-owned enterprises, Moody's Investors Service said in a statement.
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Cina India
Rahul Jacob: Will garment factories move to Vietnam?
Inclusion of countries such as Vietnam in Trans Pacific Partnership promises to make India's attempts to benefit from the rise in China's labour costs an uphill battle
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Giappone
Sony recalls over 58,000 battery packs in Vaio computers
Sony Corp. said Wednesday it is recalling more than 58,000 battery packs manufactured by Panasonic Corp. for use in Vaio notebook computers, as they could catch fire. Fujitsu Ltd. and Toshiba Corp. are also recalling Panasonic battery packs installed in their computers due to the risk of fire. The Sony ...
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Giappone
Carl’s Jr. betting on quality as it re-enters the Japanese market
With its return to Japan Friday after 19 years, U.S.-based hamburger chain Carl’s Jr. says it is confident it can penetrate the market amid increasing demand for better burgers. “We’re extremely confident about our brand and our business. We have a best-in-class menu platform that really positions us well against ...
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Giappone
Dollar jumps to ¥114.20 in Tokyo on strong U.S. data
The dollar shot up to around ¥114.20 in Tokyo trading on Wednesday, with risk appetite among investors perked up by stronger-than-expected U.S. manufacturing data released overnight. At 5 p.m., the dollar stood at ¥114.24-25, up from ¥112.95-95 at the same time Tuesday. The euro was at $1.0859-0861, slightly down from ...