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India’s economic growth potential lies in rural areas, says Raul Rebello of Mahindra Finance

Raul Rebello, as the COO of Mahindra Finance, managed the rural markets when he joined the company last year. Prior to that, he was associated with Axis Bank as EVP and Head of Rural Lending and Financial Inclusion. “Knowing that Mahindra Finance, in their two-and-a-half decades of existence, largely had the very same principles and […]

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S&P/TSX composite down 100 points, U.S. stock markets also trade lower

TORONTO – Canada’s main stock index was down 100 points in late-morning trading as losses in the technology and base metal sectors helped lead a broad-based decline, while U.S. stock markets also pulled back. The S&P/TSX composite index was down 100.17 points at 19,343.11. In New York, the Dow Jones industrial average […]

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Oil extends recovery as markets bet on 2023 demand pickup By Investing.com

© Reuters. By Ambar Warrick  Investing.com– Oil prices extended gains into a second consecutive session on Tuesday as markets bet that a Chinese reopening, U.S. buying and a potentially colder-than-expected winter will spur a demand recovery going into 2023, despite increased fears of a global recession. Optimism over China’s reopening was the main driver in a […]

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SITUATIONER: In dollars we trust, all others take a back seat – Newspaper

• After greenbacks, euros and pounds have also ‘disappeared’ from market• Silence of friendly countries, IMF impasse driving market sentiment down Despite proclamations of ‘all is well’ from the country’s financial managers, anyone who has recently tried to buy foreign currency will tell you that things are dire. Dollars have disappeared from the open market, […]

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Thousands without power in Lakeview, West End, Entergy says | Business News

More than 10,000 people were without power Monday in New Orleans, primarily in Lakeview, Entergy said. The outage includes all of Lakeview and West End, plus several lakefront neighborhoods and parts of Navarre. Entergy was trying to determine the cause of the outage as of 1 p.m., according to Lee Sabatini, a spokesperson for Entergy. […]

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GE’s Upgrade Exceeds Expectations and Boosts Power Plant’s Output and Availability at Nigeria’s Indorama Eleme Petrochemicals

PORT HARCOURT, NIGERIA — November 17, 2022 — In continuation of its operations improvement and power plant modernization plan, Indorama Eleme Petrochemicals Limited (IEPL) and  GE Gas Power (NYSE: GE) today announced that they have successfully executed GE’s 6B Performance Improvement Package (PIP) upgrade on the third 6B gas turbine at the petrochemical facility in […]

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Dow falls more than 200 points as hope for a year-end rally dwindles

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022.  Andrew Kelly | Reuters Stocks fell Monday as recession fears mounted and investors worried time is running out for a year-end rally. The Dow Jones Industrial Average shed 265 points, or 0.81%. The S&P […]

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Unfinished Trump business dominates end-of-year sprint: The Note

The TAKE with Rick Klein The waning days of united Democratic control of Washington will be filled with memories of the last time they weren’t in that position. It may also have significant consequences for what comes next. Virtually every day of the final week before Christmas brings decision points for Democrats on how to […]

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Metal Tiger plc UK Regulatory Announcement: Investment in Cobre Limited

LONDON–(BUSINESS WIRE)–  19 December 2022 Metal Tiger plc (“Metal Tiger” or the “Company”) Investment in Cobre Limited Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to announce that it has invested approximately A$1m in Cobre Limited’s (“Cobre”) A$5m placing at A$0.15 per new ordinary […]

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Financial Deglobalization Must Come Next by Jayati Ghosh

The ongoing fragmentation of the world economy marks the likely end of an era characterized by increasing integration through trade and finance. Faced with a debt crisis that is partly the result of unregulated and volatile portfolio flows, low- and middle-income countries must impose more effective capital controls. NEW DELHI – After four decades of […]

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