KATHMANDU - Hostilities between rivals India and Pakistan on Wednesday threatened to scupper efforts by South Asian leaders to boost trade among almost a quarter of the world's people, throwing into doubt any prospect of a regional customs union.
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GENEVA - The World Trade Organization postponed adoption of the first global trade reform in its 19-year history on Wednesday, delaying by a day after a last-minute objection from Argentina, diplomats said.
NEW YORK - U.S. stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows.
New York - Oil prices fell on Wednesday after OPEC increased signals that it would hold off making any major production cuts this week.
MUMBAI - Japan's Nippon Life Insurance will invest $108 million in company Reliance Capital's fund management business for an additional 9 percent stake, the companies said on Wednesday.
VIENNA - OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June.