MUMBAI India's former prime minister Manmohan Singh criticised his successor Narendra Modi's government in a rare interview, saying it has failed to capitalise on lower commodity prices to propel growth and is inconsistent in its policy towards neighbouring Pakistan.
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BEIJING Speculators should not be allowed to dominate market sentiment regarding China's foreign exchange reserves and it was quite normal for reserves to fall as well as rise, central bank governor Zhou Xiaochuan was quoted as saying on Saturday.
ABU DHABI Kuwait Petroleum International (KPI) said on Saturday oil prices could reach a range of $50 to $60 a barrel by mid-2017, the official state news agency reported.
FRANKFURT Europe's financial market turmoil could delay a rise in inflation even further and banks will need to be fixed with forceful action over time, European Central Bank Executive Board member Benoit Coeure told a German newspaper on Saturday.
NEW YORK Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.
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.