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India
Raghuram Rajan warns against fiscal deficit-driven growth
Ahead of the Union Budget, RBI governor Raghuram Rajan on Friday warned against generating economic growth through additional debt saying that any deviation from the fiscal consolidation path will hurt stability of the economy.
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Cina
China coal giants to shut for Lunar New Year, cite sector slowdown
In a break with tradition, 15 Chinese coal mining groups have said they will close operations and allow workers to leave their posts during the Lunar New Year holidays next month, taking some pressure off a sector burdened by massive overcapacity.
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India
India’s fiscal deficit reaches nearly 88% of full-year target in December
India's fiscal deficit was 4.88 trillion rupees during April-December, or 87.9 per cent of the full-year target, government data showed on Friday. The deficit was 100.2 per cent of the full-year target during the same period a year ago.
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India
Global apparel brands pledge to improve conditions for Bengaluru workers
Clothing companies H&M, Inditex, C&A and PVH have committed to improving the lives of workers in Bengaluru, after a report said employees lived in appalling conditions and were denied decent wages and freedom of movement.
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India
India revises down 2014-15 GDP growth to 7.2%
India on Friday revised down its annual economic growth for the fiscal year that ended in March 2015 to 7.2 per cent from 7.3 per cent reported earlier. The federal statistics office also lowered growth for the fiscal year to end-March 2014 to 6.6 per cent from 6.9 per cent ...
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Giappone
Japan leads global stocks higher after stimulus move
Japan led global stock markets higher on Friday after its central bank introduced a negative interest rate policy in the latest move to overcome malaise in the third-biggest economy. The yen dived against the dollar and the euro.
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India
Dr Reddy’s gets USFDA nod for migraine injection
Drug major Dr Reddy's Laboratories has received US health regulator's approval to market ZembraceSymTouch injection, a drug device combination product intended for the treatment of acute migraine, in the American market.
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Giappone
Docomo unveils new monthly pricing scheme for smartphones
NTT Docomo Inc. on Friday announced a new monthly fee plan for smartphones that costs ¥4,500 per person for subscriptions covering three family members. The new plan, excluding tax, will debut in March and is ¥2,000 per person lower than its current scheme. It was achieved by limiting the amount ...
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Cina Giappone
Mitsui O.S.K. expects to sink into red ink for business 2015
Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China’s economic slowdown. The company is forecasting a consolidated net loss of ¥175 billion ($1.45 billion) ...
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Giappone
Honda sees nine-month fall in operating profit on exploding airbag costs
Honda Motor Co. on Friday reported a fall in operating profit over nine months due to “quality-related” costs seen as linked to the exploding airbag crisis at parts supplier Takata, but said net profit rose. Net profit in the nine months through December rose 2.4 percent to ¥437.9 billion ($3.62 ...