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Mamata's meeting with PM yields a soft warning
Trinamool Congress chief Mamata Banerjee’s meeting with Prime Minister Manmohan Singh, seeking a moratorium on repayment of West Bengal’s debt, yielded a gentle warning. Though there was no comment from the Prime Minister's Office, party managers said any announcement on the moratorium would only be made after the Parliament session ended. However, Banerjee’s red lines were laid out

ASIA CREDIT CLOSE: Region took the spotlight this week
SINGAPORE, May 4 (IFR) - Investors are finally becoming convinced that Asia is a great place to be in. Real money was a buyer all of last week, even as the street remained mostly short. The buying

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West Bengal facing Greece-like tragedy

Experts say moratorium on interest not a solution, debt needs to be restructured; state must look for avenues to increase revenue and curtail expenditureIn March, euro zone finance ministers signed a

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Jamal Mecklai: Is the euro going down?

Ever since the European sovereign debt crisis first came into sharp focus in late 2009, talk about "the end of the euro" has been going on and off like a flickering light bulb in an abandoned mansion.

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Debt: West Bengal facing Greece-like tragedy
Experts say moratorium on interest not a solution, debt needs to be restructured; state must look for avenues to increase revenue and curtail expenditure

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ASIA CREDIT CLOSE: Asset manager buying supports credits; macro concerns linger
HONG KONG, May 3 (IFR) - A hint of positive tone was seen in Asian credit trade today, despite cautious sentiments ahead of the Spanish bond auction as the market waited to see if the ECB announces

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