UltraTech Cement profit beats estimates; shares hit record high
India's largest cement producer UltraTech Cement reported a better-than-expected quarterly consolidated profit, sending its shares to a record high on Monday.
TOKYO Concentration of global imbalances among a few large countries presents a risk to the world economy and could disrupt financial markets, a senior International Monetary Fund official said on Wednesday.
"We have witnessed sustained periods of imbalances. While they have narrowed since the (global financial) crisis, they remain above desirable levels," IMF Deputy Managing Director Mitsuhiro Furusawa said.
Cooperation between countries that have current account deficits and those that have surpluses is required to address such imbalances, he told an IMF-hosted seminar in Tokyo on the international monetary system in Asia.
(Reporting by Leika Kihara; Editing by Chris Gallagher)
MUMBAI India's top tuberculosis fighter said the government will expand access to Johnson & Johnson's breakthrough TB drug this year, but health experts warn much more needs to be done to eliminate the superbug by 2025.