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Sensex hits record high; rupee at 20-month high

India's benchmark BSE Sensex rose as much as 0.4 percent to hit a record high on Wednesday, surpassing its previous milestone hit in March 2015, while the rupee hit a 20-month against the dollar.

China launches first domestically-built aircraft carrier

China on Wednesday launched its first domestically built aircraft carrier, which will join an existing one bought second-hand, amid rising tensions over North Korea and worries about Beijing's assertiveness in the South China Sea.

Trump tax plan will sharply slash corporate tax rates

U.S. President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.