MARKET EYE-SGX Nifty gains on hopes for US fiscal deal
* Nifty futures on the Singapore Exchange rose 0.14 percent. The MSCI-Asia Pacific index excluding Japan was up 0.7 percent. * Asian shares rose on Tuesday on hopes of a compromise in the U.S. fiscal crisis, while the euro fell after Moody's Investors Service scrapped France's top-notch credit rating, reminding investors of the protracted euro zone debt crisis. * Foreign investors sold 15.2 million rupees of stocks on Monday, when the BSE index rose 0.16 percent. * Traders remain cautious ahead of the winter session of parliament set to start on Thursday. * Analysts say the government's will to pass reforms is critical to revive the stock markets that have faltered over the past month and a half. (firstname.lastname@example.org)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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India's largest carmaker Maruti Suzuki India Ltd posted a smaller-than-expected rise in profit for the third quarter, hit by one-off items including a jump in advertising costs, a higher tax rate and lower income from investments. Full Article | Full coverage