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CAD may widen to 1.6% of GDP in 2017: Nomura

India’s current account deficit is expected to widen to 1.6 per cent of GDP in 2017 as domestic recovery is likely to further boost import growth, says a Nomura report. According to the global financial services major, despite the widening, the current account deficit remains within sustainable limits....
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India to attract significant capital from abroad: CBRE

India will attract significant capital from Singapore, China, the UK and the US, CBRE’s CEO, Asia Pacific, Steve Swerdlow said, adding that with greater transparency in the market, this is the beginning of their new journey in India. “Traditionally, Japan and Australia were important markets for CBRE, but...
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Government seeks closer engagement with Latin American nations

In a clear shift in its policy towards Latin American (LatAm) nations, the government now proposes more frequent political and economic engagement with smaller countries of the region to widen its influence and expand investment opportunities. A large delegation comprising senior government officials and business leaders will be...
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U.S. crude hits 15-month highs after big drawdown

NEW YORK (Reuters) – Oil prices jumped as much as 3 percent on Wednesday, with U.S. crude hitting 15-month highs after the government reported a surprisingly large drop in domestic inventories for the sixth week out of seven. The U.S. Energy Information Administration (EIA) said crude stocks fell...
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India’s Essar agrees to sell oil arm to Rosneft-led group

  Russian President Vladimir Putin (L) shakes hand with India’s Prime Minister Narendra Modi during a photo opportunity ahead of India-Russia Annual Summit in Benaulim, in the western state of Goa, India, October 15, 2016. REUTERS/Danish Siddiqui By Douglas Busvine and Denis Pinchuk GOA, India (Reuters) – India’s...
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Sorry, Donald Trump, but the Fed isn’t talking politics

For all the charges about how politicized the Federal Reserve has supposedly become, the November election apparently was not a discussion topic during the central bank’s September meeting. Fed watchers have been speculating that it doesn’t want to hike rates ahead of the presidential election. Republican nominee Donald...
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