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3 mins ago

IFC launches $2.5 billion rupee-denominated bonds for infra projects in India

NEW DELHI (Reuters) - The World Bank's private-sector financing arm on Wednesday launched $2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects, after raising $1 billion in offshore bonds for the sector last year. The International Finance Corporation's (IFC's) bond programme comes at a time when both the Indian government and the Reserve Bank of India are stepping up measures to attract global investors to deepen the local bond market #Argentina #Business #facebook #India #indian #Italy #Latin America #Mexico #Russia #Technology

5 mins ago

France seeks international meeting to tackle Islamic State

PARIS (Reuters) - France said on Wednesday it wanted to bring together Arab states, Iran and the main world powers to coordinate a comprehensive response against Islamic State insurgents who control large parts of Syria and Iraq. Speaking in an interview with Le Monde French President Francois Hollande did not say when such a meeting could be held or who would be invited but said a global strategy was needed to combat the insurgents. "We can no longer keep to the traditional debate of intervention or non-intervention," Hollande told Le Monde #Arabic #Brazil #Business #French #India #Latin America #markets #opinion #Syria #Technology

6 mins ago

Rupee hits 3-week high on debt-related dollar inflows

Reuters Market Eye - The rupee rose to a near three-week high against the dollar on Wednesday on the back of strong foreign investor buying in the debt market, although greenback demand from importers and a fall in shares limited further gains. Traders said a large foreign bank was spotted selling dollars, amounting to around $250 million, for investment intended into government bond markets. The focus will shift to global factors, including the release of the minutes of the U.S. #France #indian #Japan #Latin America #Middle East #opinion #Russia #United States

17 mins ago

Experimental Ebola drugs needed for "up to 30,000 people"

LONDON (Reuters) - Up to 30,000 people could have used experimental treatments or vaccines so far in the world's worst outbreak of Ebola currently plaguing West Africa, British scientists said on Wednesday. The calculation highlights the dilemma facing officials considering how to distribute the tiny quantities of unproven drugs that are likely to be available in the near term to fight the deadly disease. The World Health Organisation (WHO) is hoping for improved supplies of experimental treatments and progress with a vaccine by the end of the year, after last week backing the use of untested drugs and vaccines. #Arabic #Business #India #Japan #Mexico #Politics #Russia #Technology #United Kingdom #United States #university

18 mins ago

RBI deputy gov says cbank tweaking policies for affordable housing

MUMBAI (Reuters) - The Reserve Bank of India (RBI) is tweaking its policies recognising the need for affordable housing and other essential real estate sectors, Deputy Governor R. Gandhi said on Wednesday. The RBI will also periodically review the definition of affordable housing to account for inflation, Gandhi said in his address at an industry event #France #India #markets #Middle East #opinion #Russia #Technology #United States

19 mins ago

Opposition leader Khan opens talks with Pakistan gov’t over protests

ISLAMABAD (Reuters) - Opposition leader Imran Khan opened negotiations Wednesday with the Pakistani government, a lawmaker from his party said, in an effort to end protests against the prime minister and overcome a political impasse. The announcement came the day after Pakistan's powerful military said the two sides should engage in dialogue and warned that key government institutions were under its protection #Argentina #Business #facebook #India #Italy #Japan #Russia #United Kingdom

21 mins ago

Cabinet cuts onion export price by 30 pct

NEW DELHI (Reuters) - The cabinet on Wednesday cut the minimum export price for onions by 30 percent, relaxing some of the curbs imposed on overseas shipments in the past two months to augment domestic supplies and rein in soaring prices. Exports will now be possible at $350 per tonne, Telecom and Law Minister Ravi Shankar Prasad told reporters. The minimum export price was first raised to $300 per tonne in mid-June after fears of domestic shortages, fuelled by a scorching summer, drove up local prices #Arabic #Argentina #Brazil #Business #China #Entertainment #Latin America #markets #Mexico #Middle East

35 mins ago

Islamic State opens new anti-U.S. front with beheading video

BAGHDAD/BEIRUT (Reuters) - Islamic State's beheading of a U.S. journalist and its threat to "destroy the American cross" suggests it has gained enough confidence seizing large areas of Iraq and Syria to take aim at American targets despite the risks #Arabic #Argentina #Brazil #british #facebook #Latin America #opinion #Russia #Technology #United Kingdom #United States