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Asia stocks dip on China tightening fears, yen up

Asian stocks fell on Thursday as investors worried strong loan growth and quickening inflation in China would spur Beijing to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.

Asian stocks ease after China data, yen struggles

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Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan's economy may need more support.

THDC India given 3000 MU as FY11 target

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Ministry of Power and Tehri Hydro Development Corporation Ltd - THDC India Ltd has signed a memorandum of understanding (MoU) defining the performance guarantee parameters for the FY 2010-11. An energy generation target of 3000 MU (Million Units) has been set for the year 2010-11 for the company. THDC India Limited shall expedite the works of Koteshwar H.E. Project (400 MW), Tehri Pumped Storage Plant PSP (1000 MW) and Vishnugad Pipalkoti Project (444MW).
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India mutual fund to launch Gold Savings Fund

A leading mutual fund in India has announced the launch of a unique gold savings fund which the company says will boost gold investment in exchanged traded funds (ETFs) the country. Quantum Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch Quantum Gold Savings Fund, an open ended fund of fund scheme. The new fund offer (NFO) price for the scheme will be Rs 10 per unit.
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Chinese group files complaint over faulty HP laptops

More than 100 Chinese consumers have filed an official complaint against Hewlett-Packard Co over faulty laptop computers, leaving the door open for a lawsuit against the U.S. technology company, a lawyer for the group said on Wednesday.
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Asian stocks near 6-week highs, cool to China data

Asian stocks hovered near six-week highs on Wednesday as Chinese data showed exports and imports in February were better than expected, while the euro and the pound suffered on renewed concerns about Europe's fiscal problems.
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Scientists say UK risks losing innovation edge

Britain risks decades of slow economic decline unless it invests heavily in research, which at the moment is one of the country's few genuine areas of economic competitive advantage, leading scientists said on Tuesday.
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Coal demand to shoot up to 750 MT in 5 years

Experts maintained stable outlook for oil & gas and base metal industry. However, the long term outlook for thermal coal is positive, with 220 GW of coal-fired electricity generation capacity expected to come online over the next 5 years, requiring over 750 Mt of coal. The outlook for oil and gas prices remains broadly unchanged, with oil prices still expected to rise. Oil prices have hovered around USD 70 per barrel for the past three months. This relative stability at an economically viable le...
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India gold demand not hit by import duty hike

At a time when jewellery retailers and gold buyers are crying foul over the increase in import duty on gold and silver, there is a surprise element for jewellery makers which will make them happy. While presenting the Budget, India's finance minister Pranab Mukherjee said import duty on gold and platinum will go up from Rs 100 to Rs 300 per 10 gm.
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Price surge changes gold, silver buying habits

Has the consumer behaviour towards spending money for buying gold and silver changed thanks to the surge in bullion prices in the last few months? Yes, consumer preferences for buying gold and jewellery items have drastifally changed thanks to the bullion price spike, says a study by Exim Bank, a government owned bank in India. According to the study by Exim Bank, increasing domestic demand, along with an anticipated pick-up in exports, is likely to drive growth of Indian jewellery market in the...
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South-East Asia dominates global rice trade

South East Asian (SEA) region comprising two of world's largest rice exporters, Thailand and Vietnam remained as world's top trade destination for the commodity. The food crisis of 2008 has inspired various countries in Asia to vie for status as the world's rice bowl and many hope to be able to dethrone Thailand.
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Vineyard breakthrough wins water startup prize

A Web application that alerts wine grape farmers when their vines are thirsty has won first place in a competition to spur entrepreneurs in the investment-starved water sector, organizers said on Monday.
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Sarkozy seeks funding, training for nuclear energy

International development banks must finance civilian nuclear projects to help emerging nations build energy plants, French President Nicolas Sarkozy said on Monday, laying out ambitious plans to develop the industry.
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Global climate battle plays out in World Bank

The United States and Britain are threatening to withhold support for a $3.75 billion World Bank loan for a coal-fired plant in South Africa, expanding the battleground in the global debate over who should pay for clean energy.
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Prudential may exit some Asia markets post-AIA buy

Britain's Prudential Plc may quit some countries in Asia should it seal a $35.5 billion buy of American International Group's AIA, sources directly involved with the deal said on Friday, allowing the bulked-up insurer to focus on key markets.
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El Nino dissipating, but may linger through 2010

The deadly El Nino weather anomaly should dissipate by early summer in the northern hemisphere, but there is a chance a weak version will linger for the rest of 2010, according to a U.S. government report issued Thursday.
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India temple stampede kills 63 people: police

At least 63 people, more than half of them children, were killed in a stampede triggered by a massive rush for free food and clothes at a Hindu temple in northern India Thursday, police said.

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