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IMF Cuts Global Growth Forecast To 3.3%

The IMF cut its global growth forecast Tuesday morning for the second time since April and warned U.S. and European policy makers that failure to fix their economic ills would prolong the slump.
A man yawns in front of an electronic board showing stock information at a brokerage house in Taiyuan

Asian Markets Fall As Investors Remain Cautious

Asian markets fell Monday as investors remained watchful having concerns about the revival of the global economic growth in spite of the stimulus measures announced last month by policy maker in the U.S. and Europe.
Khar And Lavrov

Russia Slams US Drone Policy In Pakistan

Russian Foreign Minister Sergey Lavrov Thursday criticized the U.S. drone policy in Pakistan while extending full support to Islamabad’s stance on the attacks.
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Carlyle Sells Its Stake In HDFC For $841 Million

U.S.-based global fund house Carlyle sold its 3.7 percent stake in India’s mortgage major Housing Finance Development Corporation (HDFC) Ltd for nearly 43 billion rupees ($841 Million) Friday.
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Asian Stocks Gain On US Data, ECB Promise

Asian stocks markets mostly advanced Friday as the better-than-expected U.S. economic data and the comments from ECB President Mario Draghi added to the positive sentiment.
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India Approves FDI In Insurance, Pension Sectors

India’s cabinet Thursday approved a 49 percent Foreign Direct Investment (FDI) in insurance and opened up the pension sector to the foreign companies, providing the much needed momentum to the Indian economy.

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