MARKET EYE-SGX Nifty gains; FIIs remain net buyers
* Nifty futures on the Singapore Exchange is 0.28 percent up, while the MSCI-Asia Pacific index excluding Japan is 0.02 percent lower. * Asian shares were capped on Tuesday by caution over weak global growth data, but Japanese equities scaled a near five-year peak after the Standard & Poor's 500 Index closed at a record high overnight on renewed hopes of a steady U.S. recovery. * Foreign institutional investors were net buyers of 8.97 billion rupees of stocks on Monday, provisional exchange data showed. * Disappointed by the central bank chief's comments on Friday that there was little room for further policy easing, investors are pinning hopes on foreign inflows and government efforts to revive the economy. * Also on watch, January-March earnings of GlaxoSmithKline Pharmaceuticals Ltd. (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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The government made a push on Wednesday to bolster its strained finances, offering to sell a stake in miner Coal India and more mobile phone airwaves as it aimed to deliver on a promise to trim its fiscal deficit. Full Article