Indian Prime Minister Manmohan Singh’s largest ally said it was quitting the ruling coalition over a decision to allow the entry of foreign retailers and raise diesel prices, an exit that would leave the government at the whim of regional parties as it seeks to revive the economy.
Narendra Modi called for healing after a six-week Indian election ended with exit polls signaling his opposition bloc would win a majority, boosting stocks to an all-time high as investors bet he’ll revive growth.
The ability to move markets or shape ideas and policies. The clout to affect the price of a security or the structure of a deal. These are the attributes that define the people who hold sway in the world of finance -- those who make up the second annual 50 Most Influential list in the October issue of Bloomberg Markets magazine.
Indonesia’s most-promising politician, Joko Widodo, who was elected governor of Jakarta province last month, looks like Barack Obama: lean and coolly self-possessed in a way that seems as much Bogartian as Javanese. Emerging out of nowhere, and serenely vaulting over the heads of establishment politicians, he embodies the possibility of change. But here the resemblance to the U.S. president ends.
Eleven Indian parties agreed to campaign as one bloc in national elections due by May seeking to offer an alternative to the ruling Congress party-led coalition and the main opposition Bharatiya Janata Party-led alliance.