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No surety on debt reduction yet
Reliance Communications’ (RCom) stock spurted 2.5 per cent after it announced a 78 per cent jump in earnings for the quarter ended March to Rs 332 crore. In addition to the results, RCom’s plans to list its international undersea cable business on the Singapore Stock Exchange, as well as stake sale of tower unit in the latter part of the current financial year, also rubbed off positively

ASIA CREDIT CLOSE: Holidays keep volume thin ahead of big data this week
SINGAPORE, May 28 (IFR) - It was a slow start to the week, with many regional debt players out today on the back of the US Memorial Day holiday and Korea out for the Buddha's birthday holiday.

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Obama on the defensive on spending, debt

Government spending and debt are emerging as a campaign tug-of-war, with Mitt Romney blaming President Barack Obama for a "prairie fire of debt" and Obama calling the charge a "cowpie of

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ASIA CREDIT CLOSE: Rupiah's plunge takes toll on Indonesia CDS
SINGAPORE, May 25 (IFR) - The potential for downside volatility in the Asian foreign exchange markets to damage offshore credit was clearly demonstrated today when the Indonesian rupiah's

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Textile, finance ministries to meet next week

The textile and finance ministries are expected to meet next week to discuss restructuring of loans for the textile sector, according to sources. Representatives of the Reserve Bank of India may

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Build debt portfolio in uncertain markets

Inflation has been a menace for over three years now. Stocks markets have gone nowhere in this period, with the possibility of a further downslide, due to worsening economic fundamentals and the debt

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