INDIA

China, Russia and Brazil will use this week's G8 summit in Italy to push their view that the world needs to think about a new global reserve currency as an alternative to the dollar, officials said on Tuesday.

Plunk! A silver splash breaks the taut skin of the water just upstream of the grey boulder where the rapid enters the calm womb of the turquoise pool. With slow turns of the handle I begin to reel in my lure; gently easing it as close to the boulder as possible.

Below follows the full transcript of U.S. President Barack Obama's speech to the New Economic School in Moscow, as released by the White House.

The global car market will take until 2013 to return to last year's sales levels, a senior executive at Nissan Motor Co said on Tuesday.

G8 leaders plus Brazil, India, China, Mexico and South Africa will agree at a summit on Thursday to conclude the Doha round of world trade talks successfully in 2010, according to a draft communique seen by Reuters.

China, Russia and Brazil will use this week's G8 summit in Italy to push their view that the world needs to start seeking a new global reserve currency as an alternative to the dollar, officials said on Tuesday.

The following are key excerpts from the speech by U.S. President Barack Obama to graduating students of the New Economic School in Moscow on Tuesday. The text was provided by the White House.

China National Petroleum Corp., the country's largest oil company, could pay up to $14.5 billion for 75 percent of Spanish oil major Repsol's Argentine unit YPF, sources said on Tuesday.

India's Tech Mahindra said on Monday it would still look to boost its stake in Mahindra Satyam through a purchase of new shares direct from Satyam, after a public offer received a poor response.

The Group of Eight nations should not presume a global economic recovery is near, World Bank President Robert Zoellick said in a letter to G8 host Italian Prime Minister Silvio Berlusconi obtained by Reuters on Monday.

India's Oil and Natural Gas Corporation and Russian companies are among those interested in buying a stake in Repsol's Argentine unit YPF, a Spanish business newspaper reported on Monday.

India said its fiscal deficit would widen as it increases spending on infrastructure and help for farmers, disappointing investors who had hoped the new government would use its strong re-election mandate to usher in a wave of pro-market reforms. Stocks fell 5 percent and bond yields spiked after Finance Minister Pranab Mukherjee, sticking to the ruling Congress party's theme of inclusive growt...

Markets got off to a hesitant start Monday as investor doubts on the staying power of a global recovery kept Asian stocks soggy and currencies subdued ahead of a much-expanded Group of Eight meeting this week.

France and Russia on Sunday urged a debate about the world's reserve currencies, but China said the dollar would keep its pre-eminence for many years to come.

World leaders are bound to express the hope that the worst of the global economic crisis is passing when they meet this week, but they are now under pressure, too, to manage a Chinese challenge to dollar supremacy.

Michael Jackson went from being Gary, Ind.'s most talented kid to one of the most recognizable human beings on the planet.

China's ambitious plan to increase wind power capacity could attract up to $150 billion in investment, but Beijing will have to get serious about revamping regulations and building much needed infrastructure.

The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.

Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.

China and India lashed out on Friday at the possibility of tariffs slapped on carbon-intensive exports, even though analysts said proposed U.S. measures were years away and would be hard to implement.

Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.