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Hedge funds lose big bets on energy firms
The fund manager also raised its bet on oil and gas exploration and production company Cimarex Energy by 37 per cent. The stock dropped 11 per cent over the quarter.
Iran oil minister says hard to return to old prices, urges market support
Bijan Zanganeh says we should try to fix the prices as much as the current market situation allows.
India's Wholesale Price Index at 5-year low
Wholesale price inflation was riding at over six per cent in May.
China October data shows economy cooling further
Fixed-asset investment growth at near 13-year low of 15.9% in 10 months.
G20 stimulus plans likely to boost growth by 2.1%: OECD
G20 members have submitted plans to achieve the target of lifting the group’s collective GDP by an additional two per cent, or more, over five years.
India, US reach breakthrough in row over key WTO pact
India will lift a veto on a global agreement on streamlining customs rules, a deal that prominent supporters estimate will add $1 trillion to the world economy.
India, US resolve food row
Agreement will end months-long hurdle to a landmark global trade agreement
P&G to sell Duracell to Berkshire Hathaway in $3 billion deal
P&G has been trimming its product lineup to focus on its top performers.
Russians feel the pinch as economy struggles
The survey showed 56 per cent believed the main cause for this was Moscow’s policies in Ukraine where it annexed Crimea in March and backs a separatist uprising in the east.
Cooling inflation, output rise brighten India outlook
Wednesday’s data is expected to bolster the outlook for Asia’s third-largest economy which is recovering weakly from a two-year spell of sub-5 per cent growth.
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