NEW DELHI India's retail inflation unexpectedly edged up to a 17-month high in January, while industrial production contracted at a faster-than-expected pace in December, underscoring imbalances lurking in Asia's third-largest economy.
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BEIJING Underground banks in China did more than 1 trillion yuan ($152 billion) in transactions last year and the government will step up efforts to combat the problem this year, state media said on Saturday citing the foreign exchange regulator.
MUMBAI/NEW DELHI Some steelmakers have raised their prices after a recent government measure to rein in cheap imports, but a surge in value is unlikely as the country's production capacity is rising faster than its domestic demand growth.
MUMBAI India's largest drugmaker, Sun Pharmaceutical Industries, plans to ask U.S. regulators by the middle of this year to re-inspect a plant in Gujarat after they criticised manufacturing standards there, Sun's founder said.
WASHINGTON Boeing Co is nearing a decision to invest "a significant amount" to keep a F/A-18E/F fighter jet production line in St. Louis running as it waits for the U.S. government to approve a delayed order by Kuwait for 28 jets, a senior executive said.
SINGAPORE As gold trades near its highest in a year on a wave of safe-haven buying, traditionally active buyers of physical gold in the major Asian markets have shown little interest so far.