Robert Prior-wandesforde News
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Updated 1 hour, 28 minutes ago
India is using a surge in inflows into local bonds and equities to rebuild its currency reserves, boosting its ability to avoid a junk debt rating.
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Sitting in Taipei’s main commercial center as office workers filed out for lunch, Y.S. Liu mourned the collapse of her import business. Her president, she said, had failed to deliver.
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Indian Prime Minister Manmohan Singh’s latest skirmish with corruption risks setting back efforts to spur growth, worsening a legislative logjam under a government set to pass the fewest bills ever in a full term.
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Taiwan held military exercises off its southern coast and told people to avoid traveling to the Philippines in what Premier Jiang Yi-huah called a “turning point” in relations with the Southeast Asian nation.
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The Bank of Korea cut interest rates, following the lead of policy makers in Australia, Europe and India this month, as strength in the won and weakness in the yen dim the outlook for the nation’s exports.
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Global central bankers are poised to ease monetary policy even further after a wave of interest-rate cuts from India to Poland.
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India will take more steps to boost the economy in the coming weeks, the finance minister said, after the government approved changes to a century-old land law and set up a panel to speed up infrastructure projects.
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Koda Ltd. Executive Director Ernie Koh has a message for clients in 50 countries who complain about the Singapore-based furniture maker’s first price increase in two years: Take it or leave it.
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Singapore’s economy rebounded last quarter, prompting the central bank to unexpectedly tighten monetary policy by allowing faster currency gains to contain inflation. The local dollar rose.
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Vietnamese inflation may accelerate to as much as 15 percent, the highest level in two years, before slowing by the end of 2011, Credit Suisse Group AG said.
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