MARKET EYE-Bank of India rebounds from what traders call 'freak' trade
* Shares in Bank of India make a sharp fall before quickly recovering in what some traders describe as a "freak" trade. * Trading at 336.65 rupees, down 1.2 percent, Bank of India shares suddenly fell to 314 rupees, down 7.8 percent on the day, at around 12:20 p.m IST. The shares, however, recover to 337.35. * On Friday, shares of Tata Motors and Ultratech Cement fell as much as 10 percent due to a technology glitch at India's Religare Capital that caused "unintended transactions", the brokerage said. * The National Stock Exchange, where the Bank of India trade occurred, did not have any immediate comment. (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