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India deepens ties with Africa, donates $5 billion

Prime Minister Manmohan Singh
In a budge to deepen its economic ties with Africa, Indian Prime Minister Manmohan Singh is on a six days long visit to Africa from Monday. India, trying to emerge from the shadow of rival China by is offering $5 billion to help the continent rich with minerals and commodities, Reuters reported on Tuesday.

BRICs slam European grip on IMF, Lagarde leads race

Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.
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Apple’s shares fall

Shares of Apple Inc reorganized on Monday after Wall Street brushed off the shock of the explosion last week that shut down a Foxconn factory in China producing its popular iPad
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Two top China Wal-Mart executives quit

Two top executives have quit Wal-Mart Stores Inc's China business, leaving a leadership vacuum in country earmarked as having strategic importance for the U.S. retailer.
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Toshiba cautious on nuclear, eyes renewables

Toshiba Corp said it may need to push back by several years a target to capture 39 orders for nuclear reactors and that it would expand sales in renewables, amid tighter safety standards in the wake of the crisis at the Fukushima Daiichi nuclear plant.
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Toshiba may push back nuclear target by several years

Toshiba Corp said it may need to push back by several years a target to capture 39 orders for nuclear reactors by March 2016, as governments tighten regulations in the wake of the crisis at the Fukushima Daiichi nuclear plant.
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Glencore set for weak London, HK debut on valuation concerns

Shares of top commodities trader Glencore International are set for a weak start when they begin trading in London on Tuesday and Hong Kong the following day, reflecting investor concerns that the $10 billion initial public offering was over-priced.

Lagarde Not A Sure Thing As Next IMF Chief

Despite being the ‘heir apparent’ to the top post of the International Monetary Fund (IMF), Christine Lagarde has cautioned that her candidacy might be premature.
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Euro zone, China PMIs ease as policy bites

Manufacturers in Europe and China tapped the brakes this month and price pressures eased as tighter policy measures to control inflation began to bite, purchasing managers' indexes showed on Monday.

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