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Sensex falls on Fed chief's comments; ITC slumps

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MUMBAI - The BSE Sensex fell on Monday, tracking weaker regional shares as fears about earlier-than-expected U.S. rate hikes weighed on sentiment, while cigarette maker ITC slumped after posting lower-than-expected earnings.

12:55pm IST

Loan recovery eludes India's banks, even as growth rate beats China

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MUMBAI - A recovery in India's credit growth could elude the country's banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China.

Business, Top News 9:20am IST

European shares dip, dollar gains after Yellen comments

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LONDON - European shares fell in thin trade on Monday while the dollar held firm after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year.

2:31pm IST

Gold dips on robust dollar, Yellen comments on rate hike

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LONDON - Gold edged lower on Monday as the dollar strengthened to a one-month high on signs the Federal Reserve is readying to raise interest rates for the first time in six years in 2015.

2:25pm IST

Oil prices dip below $65 as dollar strengthens

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LONDON - Crude oil futures dipped below $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping oil trading volumes muted.

2:41pm IST

China sets up gold fund as part of Silk Road initiative - media

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SHANGHAI - China has established a fund that is expected to raise about $16 billion for gold-related investment as part of its "Silk Road" initiative to develop trade and transport infrastructure across Asia and beyond, official media reported.

1:52pm IST

Greece hasn't got the money to make June IMF repayment - interior minister

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ATHENS/LONDON - Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail.

Business, IMF 7:51am IST

China slashes import tax on skincare to shoes to spark domestic demand

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SHANGHAI - China will slash import tariffs on consumer goods including skincare products, Western-style clothes and diapers from June, potentially giving a fillip to global brands and bolstering domestic consumption amid faltering economic growth.

12:03pm IST

China invites private investors to help build $318 billion of projects

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SHANGHAI - China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate.

10:34am IST

Analysis - Portugal, like Europe, loses hunger for reform

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SINTRA, Portugal - Celebrated among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm for change has waned as Europe loses its appetite for further belt-tightening.

Business, Economy 12:41pm IST