INDIA

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Asia shares ease

Asian shares mostly eased on Monday with South Korea retreating from record highs on fears the government may move to cool the market, while Brent crude was about $1 away from its highest level due to supply worries.

Britain's Brown denies shift away from U.S.

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British Prime Minister Gordon Brown denied on Friday a shift in foreign policy away from the United States after one of his ministers told an audience there that a country's strength depended on alliances not military might.

India rescues Gandhi manuscript from Christie's Auction

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The Indian government has rescued a rare manuscript of a letter Father of the Nation Mahatma Gandhi wrote 19 days before his assassination in 1948 from being auctioned by British auction house Christie's and has paid a confidential sum for it.
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Mom and pop to buy more global stocks: study

Rubles, rupees and renminbis will be a much bigger part of mom and pop's portfolio in less than 10 years as consumers become more tolerant of risk-taking and more knowledgeable about global economies, according to a study released on Monday.
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Anheuser-Busch bets on fast growth in India, China

U.S. brewer Anheuser-Busch Cos. Inc. is betting rising incomes and an aspiring middle-class in countries such as India and China will boost its international revenues, a senior company official said on Friday.
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Prudential to set up India fund venture

U.S life insurer Prudential Financial Inc. is in the final stages of picking an Indian company to form an asset management joint venture to break into the market, an executive said on Wednesday.
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Gold jumps on dollar slump, security worries

Security concerns and a sharp drop in the dollar helped gold hit its highest level in nearly two weeks on Monday, but investors were expected to trade cautiously ahead of the U.S. Independence Day holiday.
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Honda eyes bigger India share but not at any price

Honda Motor Co. is keen for its share of rapidly-growing markets like India and China to increase, its chairman said on Sunday, but Japan's second biggest auto maker is not in a hurry to enter the new battleground for very cheap small cars in India.
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Marriott to triple India hotel portfolio

Marriott International Inc., the top U.S. hotel operator, said on Friday it would more than triple its hotel portfolio in India by the end of 2010 as it cashes in on rising business and leisure travel.
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Saudi Telecom agrees $3 bln deal to buy into Maxis

Saudi Telecom is to buy 25 percent of Malaysia's Maxis in a $3 billion deal that gives the Arab world's top telecom operator access to Indonesia and India, and marks southeast Asia's biggest buyout.
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Global real estate at a turning point

Global real estate investment is still buoyant but a few cracks are starting to show as higher borrowing costs begin to bite, making 2007 a pivotal year after an extended bull run in property prices.
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Ten years on, impact of Asian crisis lingers

From depressed investment to bulging foreign exchange reserves, Asia's economies are still deeply marked by the legacy of the financial crisis that engulfed the region a decade ago.
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Yahoo in search deal with Asian mobile operators

Yahoo Inc. said it signed agreements with six mobile operators across Asia, as part of a broad global expansion that will see its mobile services in tens of millions of phones by the end of the year.
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Aviation industry braced for Paris slowdown signs

Planemakers are riding high on surging demand that has pushed orders well over $100 billion a year, but cracks are beginning to show and the sprawling Paris air show which opens on Monday could reveal a slowdown looms.

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