US to make GE India "validated end-user"-Locke
WASHINGTON, June 17 (Reuters) - The U.S. Commerce Department will this month qualify General Electric's (GE.N: Quote, Profile, Research) India division as the first "validated end-user" in India, Commerce Secretary Gary Locke said on Wednesday.
"That means the company will be allowed to enter a pre-approved, export express lane as a trusted end user. No more need for a license," Locke said in remarks prepared for a speech to the U.S.-India Business Council. (Reporting by Roberta Rampton)
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Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article






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