MARKET EYE-SGX Nifty edges higher; budget key
* Nifty futures on the Singapore Exchange rose 0.15 percent. The MSCI-Asia Pacific index excluding Japan rose 0.06 percent. * Asian shares edged higher on Monday, with investors still picking up shares battered by last week's steep plunge, while the yen fell to fresh lows on news a reflationary advocate could head the Bank of Japan next month. * Foreign investors bought 2.8 billion rupees of stocks, while domestic institutions sold 3.5 billion rupees of stocks on Friday, when the BSE index fell 0.04 percent. * Indian markets will be closely monitoring the 2013/14 budget for the next fiscal year to be announced on Feb. 28. (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