INDIA

Developing Nations To Name 2 Candidates To Head World Bank

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Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday.
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Air India to proceed with Dreamliner purchases

State-run Air India will push ahead with its purchase of 27 of Boeing Co's 787 Dreamliner aircraft, India's Aviation Minister Ajit Singh said on Tuesday, despite a heavy debt burden and a long-running dispute with the plane maker.
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RBS to close down some Asian businesses: memo

Royal Bank of Scotland is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, Singapore and Korea, according to an internal memo seen by Reuters on Tuesday.
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India Car Prices To Rise With New Excise Tax

Major car manufacturers will raise prices across the board in India following a budget announcement by Finance Minister Pranab Mukherjee on Friday, Indian newspaper The Hindu reported.
Author Salman Rushdie

Pakistan's Imran Khan a Better-Looking Gadhafi: Salman Rushdie

Salman Rushdie, the Indian-born British author of the controversial novel The Satanic Verses, has drawn an unfavorable comparison between Pakistan's cricketer-turned-politician Imran Khan and Libya's slain dictator Moammar Gadhafi, implying that Khan is a dictator in waiting.
China military

China Less Dependent on Arms Imports: Report

China has become less dependent on arms imports and, at the same time, has increased the volume of its arms exports, according to a report by the Stockholm International Peace Research Institute.
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China to Become Leading Smartphone Market in 2012, Beating U.S.

According to market figures released by research firm IDC, China is bound to overtake the U.S. in smartphone shipments by the end of 2012, becoming the leading market. IDC’s latest Worldwide Quarterly Mobile Phone Tracker forecast that China’s smartphone market will climb from 18.2 percent in 2011 to 20.7 percent in 2012, while U.S.’ market would drop from 21.3 to 20.6 percent over the same timeframe.
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France's Total to raise Ichthys stake later in 2012: chief

French oil giant Total's deal to buy a bigger stake in its $34 billion Ichthys liquefied natural gas project in Australia from partner Inpex Corp <1605.T> may be delayed and will only close before the year-end, its chief executive said.

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