INDIA

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Foster's says no takeover approach

Foster's Group Ltd., Australia's biggest beer and wine maker, said on Wednesday it was not aware of any takeover proposals, sending its shares down as much as 3 percent.

OPEC will not lower price quotas

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Major oil producing countries will not lower their oil production for the rest of the year as they work toward stabilizing oil prices, said OPEC's President, Edmund Daukoru on Thursday.
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India to invest $1bn in African oil

India's growing thirst for oil has prompted the country to seek investments worth $1-billion in oil development and mining projects in Africa's Ivory Coast.
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Rich Countries Must be Flexible on Subsidies: India

India's trade minister said on Tuesday that wealthy countries need to be more flexible on agricultural subsidies if global trade talks are to re-commence following the failed WTO talks in Geneva late last month.
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Qualcomm Could Blink First in Royalty Standoff

Faced with the possibility of losing India's leading CDMA mobile operator, wireless technology company Qualcomm could soften its negotiating stance and reduce royalty rates it charges even as it hints that fresh negotiations with other providers around the world are in the offing.
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SA Farmers Look Inward Following WTO Talks

South African agricultural representatives are looking at their own governments to see what can be done in the wake of recently suspended trade talks of the World Trade Organization.
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India, South Africa, Mercosur to Pursue Trade Talks

Countries such as India, South Africa and South American Mercosur nations will continue trade negotiations following the indefinite suspension of global trade talks through the World Trade Organization.
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World trade talks collapse

Global free trade talks, billed as a once in a generation chance to boost growth and ease poverty, collapsed on Monday after nearly five years of haggling and resuming them could take years.
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An Urgent Time for Global Trade

After five years and very little to show for it, global trade talks meant to reduce poverty worldwide are at a crucial point.
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Volatile prices to dim gold's glitter

High and volatile prices will continue to scare physical gold buyers in most parts of the world, but some markets such as China and Japan will remain strong, bullion dealers said.
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Microsoft Files 26 U.S. Piracy Lawsuits

Microsoft Corp. has filed 26 lawsuits accusing U.S. companies of selling pirated software, the latest move in its ramped-up efforts to boost sales by cracking down on illegal copies.
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Asian Markets End Week With Rally

Asian markets rallied for a second day Friday, recovering from a plunge Tuesday that sent stocks in the region to their lowest levels in months.
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China makes U-turn to embrace efficient cars

Small cars were banned from Beijing's main roads less than a decade ago, as China's rulers worried that cheap, spluttering vehicles would clog lanes they hoped to fill with sleek modern autos.
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Gucci Readies to Launch in India

Luxury goods giant Gucci Group is gearing up to launch in India next year and is confident smaller designer brands will meet profit targets as its three-year growth plan bears fruit, CEO Robert Polet told Reuters. Niche brands Bottega Veneta and Balenciaga are growing rapidly -- by more than 100 percent in Balenciaga's case in the first quarter. Both reached profitability two years ahead of schedule.
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No Bubble to Burst in Commodities: PIMCO

The drop in oil and metal prices this week has raised fears that a speculative bubble in commodities is bursting, but giant U.S. fund manager PIMCO says fundamentals will hold up the asset class.
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India a Wealth Management Opportunity: Barclays

UK-based Barclays Bank Plc is looking to develop wealth management in India, where it sees potential in a growing middle class as well as non-residents, two senior executives told Reuters in an interview.
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Ethanol Sweetens Price Prospects for Sugar

World sugar prices are likely to defy gravity in the next 12 months as key producing countries churn out ethanol as an alternative fuel after oil prices spiked to stratospheric highs.
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Investing: The allure and risks of foreign stocks

Foreign stocks have become so popular in the United States that whole exchanges are now shopping abroad. Both the New York Stock Exchange and the Nasdaq have been competing to buy the centuries-old London Stock Exchange.
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Oil Prices Hit Record $72

Oil surged to a record high above $72 on Tuesday on concern that Iran's nuclear stand-off with the West could cut oil exports from the world's fourth-largest crude exporter.

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