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RBI to cut interest rates

RBI to cut interest rates

The Reserve Bank of India (RBI) is set to reduce interest rates says Credit Suisse research report.

China’s Alibaba announces critical revamp

China’s Alibaba announces critical revamp

China's largest e-commerce company has announced a major reorganisation to help reach higher levels of efficiency.

Indian IT giant sees shares rally as profits rise

Indian IT giant sees shares rally as profits rise

Shares of Infosys rise by 17 per cent after quarterly profits reached $434 million.

Russia to enter Greece’s gas market

Russia to enter Greece’s gas market

Oil giant Gazprom and energy fim Sintez Group bid for Greece's state-owned gas provider DEPA.

ArcelorMittal gets a shot in the arm

ArcelorMittal gets a shot in the arm

The world's largest steel producer has raised $4 billion selling shares and convertible bonds.

Russian air carrier considers low-cost airline

Russian air carrier considers low-cost airline

UTair, Russia's third-largest air carrier considers operating a low-cost airline as early as 2014.

Russia-China trade tops $88 bn

Russia-China trade tops $88 bn

China-Russia trade grows 11.2 per cent in 2012, Chinese General Customs Administration reports.

Ruble soars against the dollar

Ruble soars against the dollar

The Russian ruble has strengthened by five per cent against the US dollar over the course of 2012.

$25m investment in India 2020 Fund

$25m investment in India 2020 Fund

IFC proposes an equity investment of up to $25 million in a 'India 2020' fund.

Oil giant Petrobras finds new reserves

Oil giant Petrobras finds new reserves

Brazilian energy company Petrobras announces the discovery of “excellent quality” crude oil in a deep-water field.