MARKET EYE-SGX Nifty gains as 'fiscal cliff' bill clears test vote
* Nifty futures on the Singapore Exchange up 1.5 percent. The MSCI-Asia Pacific index, excluding Japan , is up 1.56 percent. * Asian stocks started the new year with gains after a bill to avert the U.S. "fiscal cliff" by canceling most scheduled tax hikes and delaying spending cuts cleared a procedural vote in the U.S. House of Representatives by an overwhelming margin, indicating strong support for final passage in a vote expected later on Tuesday. * The House voted 408-10 to approve a rule allowing for consideration of the fiscal cliff bill that was passed by the Senate early on Tuesday. * Traders expect markets to continue its strength from Tuesday's lead by financial and metal stocks. (email@example.com /; 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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