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India inflation rises to 5.37%, Central Bank rate cut unlikely

India inflation rises to 5.37%, Central Bank rate cut unlikely

The IMF has said India should keep its monetary policy tight as underlying inflationary pressures and upside risks remain.

China-IMF talks underway to endorse yuan as global reserve currency

China-IMF talks underway to endorse yuan as global reserve currency

Including the yuan in the SDR basket would aid China’s attempts to diminish the dollar’s dominance in global trade and finance.

India: Markets await key economic data

India: Markets await key economic data

India’s central bank last week cut borrowing costs for a second time this year.

Stocks reel from US rate hike fears

Stocks reel from US rate hike fears

Fears of an imminent rate hike from the Fed has already pushed the value of the dollar up against almost all major currencies, in particular the euro.

China economic data points to “new normal” of growth

China economic data points to “new normal” of growth

Industrial output, investment and retail sales growth missed analysts’ estimates in January and February.

Putin signs law ratifying BRICS Bank

Putin signs law ratifying BRICS Bank

The next BRICS Summit will be held in the Russian city of Ufa on July 9-10 this year.

US-Venezuela ties worsen amid new sanctions

US-Venezuela ties worsen amid new sanctions

No US ambassador has served in the Caracas diplomatic mission since 2010.

Russia to chair Beijing meet of regional security bloc SCO

Russia to chair Beijing meet of regional security bloc SCO

The next SCO summit will be held in Russia’s city of Ufa on July 9-10, 2015 along with the 7th BRICS Summit.

Boko Haram declares allegiance to ISIL

Boko Haram declares allegiance to ISIL

Boko Haram's pledge of allegiance is significant because it now means that ISIL commands influence from Africa to central Asia.

China trade surplus at record high of 370.5 bn yuan

China trade surplus at record high of 370.5 bn yuan

China attributed the surge to a rise in exporters' shipments ahead of the Lunar New Year.