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The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block.The finance ministers and central bank chiefs gathered in the Australian city of Cairns claimed progress on fireproofing the world's financial system and on closing tax loopholes exploited ...
NEW YORK: As many as eight Indian women, led by ICICI bank chief Chanda Kochhar, have made it to the Fortune list of 25 most powerful women "shaping the new world order" in the Asia-Pacific region.Kochhar, ranked highest among Indian women, is second across the region, while three others - SBI's Arundhati Bhattacharya (4th), HPCL's Nishi Vasudeva (5th) and Axis Bank's Shikha Sharma (10th) - have also ...
Ahead of the festive season, India’s diamond jewellery exporters are seeing a change in consumer preference---unlike in past years, buyers are now opting for ornaments in the mid-lower end of the spectrum, preferring lower-purity gold and small diamonds, especially coloured gems. Though signs of an economic recovery in the US have led to hopes of a rebound in India’s gems & jewellery sales ...
Gold prices slipped to its lowest level in more than 14 months as intense selling remained unabated at the domestic bullion market amid fears of global meltdown in the aftermath of Fed policy backlash. Elsewhere, silver also plunged sharply to hit nearly 1-1/2 year low and closed below the psychological significant Rs 41,000 per kilo level due to heavy speculative unwinding. Standard gold (99.5 purity) ...
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