Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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MARKET EYE-SGX Nifty falls as uncertainty grows over 'fiscal cliff'
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* Nifty futures on the Singapore Exchange falls 0.52 percent. The MSCI-Asia Pacific index, excluding Japan is down 0.68 percent. * Asian shares slid on Friday after a Republican proposal to fend off a U.S. fiscal crunch failed to get enough support, deepening uncertainty over prospects for the negotiations to avert automatic spending cuts and tax increases set to start in January. * Foreign investors bought 4.66 billion rupees of stocks, while domestic institutions sold 4.44 billion rupees of stocks on Thursday, when India's BSE index fell 0.11 percent. * Dealers say with parliament's winter session over, the rally's extension would not depend on how well RBI manages slowing growth and sticky inflation. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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