MARKET EYE-SGX Nifty up on Cyprus deal, easing of FII rules in debt
* Nifty futures on the Singapore Exchange rose 0.84 percent, while the MSCI-Asia Pacific index excluding Japan is up 0.97 percent. * The euro and Asian shares rose on Monday after Cyprus did a last-ditch deal with international lenders for a 10 billion euro ($13 billion) bailout hours before a deadline to avert a financial collapse on the Mediterranean island. * Foreign investors sold 0.14 billion rupees of stocks, while domestic institutions sold 1.35 billion rupees of stocks on Friday, when the BSE index fell 0.3 percent. * India will ease restrictions for foreign institutional investors in federal and corporate bonds next month to attract inflows and help fund a widening current account deficit, Finance Minister P. Chidambaram said on Saturday. * Analysts say easing rules for foreign investors in government bonds and corporate bonds is a positive for Indian shares. Rate sensitives and high-beta stocks such as State Bank of India are expected to gain. (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 watched a dazzling parade of India's military might and cultural diversity on Monday, the second day of a visit trumpeted as a chance to establish a robust strategic partnership between the world's two largest democracies. Full Article | Slideshow