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Prime Minister Manmohan Singh

G20 Sees Global Economy Improving

The Group of 20 said on Friday the global economy was improving but it was too early to declare an end to crisis with emerging markets facing increasing volatility.Leaders of the G20 - which groups developed and emerging economies accounting for 90 percent of the world economy and two-thirds of its population - acknowledged the troubles faced by some emerging nations but said it was up to them, first and foremost, to put their own houses in order.The prospect that the Federal Reserve may rein in its expansive monetary policies as soon as this month has plunged into turmoil some emerging economies that had enjoyed rapid growth thanks in part to a flood of cheap dollars.Emerging and developed G20 powers in St. Petersburg struggled to find common ground over the turbulence unleashed by the prospect of the United States reducing its money printing.A communique issued at the end of the two-day summit stuck closely to the statement issued by finance ministers in July, demanding changes to mo...

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  1. Italy to Send Marines Back to India for Trial

    Italy said two marines on trial for murder in India would return to the country by Friday, a stunning turnaround after Rome earlier unleashed a diplomatic furore by ...

  2. India wrestles with dilemma of blacklisting AgustaWestland

    Indian Defense Minister A.K. Antony is leaning toward barring Anglo-Italian helicopter firm AgustaWestland from doing business in the country because of a corruption...

  3. Death Toll in India Blasts Rises to 14

    The death toll in two explosions that hit the southern city of Hyderabad late Thursday has risen to 14, with the number of injured going up to 119, Home Minister Sus...

  4. Death Toll in India Blasts Rises to 14, 119 Injured, Says Minister

    The death toll in two explosions that hit the southern city of Hyderabad late Thursday has risen to 14, with the number of injured going up to 119, Home Minister Sus...

  5. Italy's Finmeccanica delays results over India probe

    Italian defense group Finmeccanica has delayed publication of its 2012 results after a bribery probe connected with the sale of 12 helicopters to Indian authorities,...

  6. Finmeccanica, Indian officials discuss bribery claims

    Italian defense group Finmeccanica and Indian officials discussed corruption allegations connected with the purchase of 12 helicopters in a meeting on Thursday that ...

  7. Millions in India to Resume Work After Two-Day Strike

    Millions of Indian workers will return to work Friday after a two-day strike, which industry associations estimate would have cost between $3.7 billion and $4.8 bill...

  8. Finmeccanica ready to cooperate with India on helicopter deal

    Italian defense company Finmeccanica , at the center of a probe into alleged bribery to win an Indian helicopter tender, said on Tuesday it was ready to cooperate wi...

  9. "Nothing to hide" in helicopter deal, India's prime minister says

    India's Prime Minister Manmohan Singh said on Monday the government had nothing to hide in a $750 million deal for AgustaWestland helicopters that has been suspended...

  10. Tesco Calls on UK PM Cameron to Aid Indian Growth - Report

    U.K. supermarket Tesco PLC (TSCO.LN) could make a decision on the size of a potential multi-billion-pound investment in India as early as the summer and has held dis...

  11. Protests and sand, but no steel: POSCO's fading India dream

    A few weather-beaten shipping containers, a swathe of sand and a bitterly divided village: that is all South Korea's POSCO has to show seven years after it announced...

  12. India Agency Summons Wal-Mart's Local Executives

    An Indian agency investigating allegations of Wal-Mart Stores Inc. (WMT) violating the country's investment rules has summoned some executives of the retail giant's ...

  1. Indian rupee hits record low before central bank lends support

    The Indian rupee fell past 64 to the dollar for the first time on Tuesday and bond yields spiked to a five-year high before the central bank stepped in to support th...

  2. Analysis: For all the debt, there's a shortage of bonds

    Debt may be everywhere but there's a scarcity of bonds.With governments awash with debt and furiously selling new securities to fund bloated budget deficits, the ide...

  3. POSCO's $12 billion India steel project boosted by court order

    POSCO's <005490.KS> planned $12 billion project in India got a boost on Friday after a top court said the federal government will decide on giving the South Korean s...

  4. India Clears Projects Worth Billions of Dollars

    An Indian ministerial panel on Monday approved 25 oil and gas and 13 power projects involving investments worth billions of dollars as part of its efforts to boost e...

  5. India's Chidambaram to woo investors in North America to fund current account gap

    India's finance minister will seek to drum up foreign investment from the United States and Canada this week to fund a record high current account deficit, even as p...

  6. Indian PM says downturn passing, asks industrialists for faith

    Indian Prime Minister Manmohan Singh urged business leaders on Wednesday to keep faith in his Congress-led government's efforts to improve a dire investment climate,...

  7. Reserve Bank of India Has Scope to Cut Rates if Core Inflation Below 4% - PM Adviser

    There is scope for the Reserve Bank of India to cut interest rates further if core inflation continues to stay below 4%, an adviser to Prime Minister Manmohan Singh ...

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