MARKET EYE-Indian oil marketers surge on diesel price hike hopes
* Shares in India's state-run oil marketing companies surge after the government allows them to set diesel prices, despite uncertainty about the specifics of the announcement. * Hindustan Petroleum Corp gains 8.9 percent, after touching its highest level since October 2011, while Bharat Petroleum Corp gains 5.9 percent, and Indian Oil Corp is up 7.8 percent. * HPCL has gained 12.1 percent in 2013, as of Wednesday's close, adding 11.95 billion rupees to its market cap. * "Worst time for refineries companies is by and by coming to an end. Refineries shares are quoting at ridiculous valuation," said Vijay Kedia, director at Kedia Securities, talking about their low valuations. (firstname.lastname@example.org /; email@example.com)
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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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U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow