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  • India’s Modi suffers goods and services tax blow Tuesday, 12 May 2015 | 8:12 PM ET
    BJP leader Narendra Modi.

    India's government spooked investors by deferring parliamentary bills to make it easier for businesses to buy land and to harmonize taxes.

  • *Nepal yet to recover from last month's disaster. CHAUTARA, Nepal, May 12- A second powerful earthquake in less than three weeks spread panic in Nepal on Tuesday, bringing down buildings weakened by the first disaster and killing at least 66 people, including 17 in neighbouring India and one in Chinese Tibet. The new 7.3 magnitude quake was centred 76 km east of the...

  • Nepalis relive terror as new earthquake strikes Tuesday, 12 May 2015 | 11:17 AM ET

    SANGACHOWK, Nepal May 12- Ashok Parajuli watched his house in Sangachowk village, about three hours by road from Nepal's capital Kathmandu, slide down a hill on Tuesday, as a 7.3 earthquake hit the Himalayan nation just weeks after another major quake had killed thousands. More than 8,000 people died and hundreds of thousands of buildings were destroyed by last...

  • *New quake causes panic across Nepal. SANGACHOWK, Nepal, May 12- A 7.3 magnitude earthquake killed at least 41 people and spread panic in Nepal on Tuesday, bringing down buildings already weakened by a devastating tremor less than three weeks ago and unleashing landslides in Himalayan valleys near Mount Everest. The new earthquake was centred 76 km east of the...

  • KATHMANDU, May 12- A fresh 7.3- magnitude earthquake struck Nepal on Tuesday, killing more than two dozen people in the Himalayan country and neighbouring states, as many buildings already weakened by a much bigger quake last month were brought down. Residents in the Indian town of Siliguri, near the border with Nepal, said chunks of concrete fell off one or two...

  • *Japan, Australia forecasters announce arrival of El Nino. SINGAPORE, May 12- In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia.

  • Why oil at $70 a barrel works best for EM Asia   Tuesday, 12 May 2015 | 12:35 AM ET
    Why oil at $70 a barrel works best for EM Asia

    Oil prices around $70 a barrel will lift exports in emerging Asia and help to keep inflation moderately around government targets, says Jahangir Aziz, head of EM Asia Economic Research at JP Morgan.

  • Behind the pullback in Indian stocks   Monday, 11 May 2015 | 11:51 PM ET
    Behind the pullback in Indian stocks

    Vinay Khattar, associate director & Head of Research at Edelweiss, attributes the consolidation in Indian markets to a correction in the U.S. dollar and a delay in domestic economic pickup.

  • May 12- Senate Banking Committee Chairman Richard Shelby plans to introduce a regulatory relief bill on Tuesday that would heighten congressional scrutiny of the Federal Reserve and revamp several rules faced by small banks, the Wall Street Journal reported citing Republican committee aides. The 216- page draft bill proposes to create a commission to...

  • Optimistic on China, Japan and India: BNY Mellon   Monday, 11 May 2015 | 9:11 PM ET
    Optimistic on China, Japan and India: BNY Mellon

    Simon Cox, MD & investment strategist, Asia Pacific at BNY Mellon Investment Management, explains why he's betting on Asia's three-largest economies to start firing on all cylinders soon.

  • *Markets eyeing Japan, Australia forecast on Tuesday. SINGAPORE, May 12- In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia.

  • Uber tests cash payments for cabs in India Monday, 11 May 2015 | 2:30 PM ET

    MUMBAI, May 12- Uber is testing cash payments in India as the online taxi-hailing company seeks a stronger foothold in a country where many fewer people have credit cards than internet connections. But in India it has lagged local rival Ola, which has about 80 percent of the organized cab market. India has about 20 million credit cards for a population of 1.3...

  • Santelli Exchange: EM & infrastructure debt   Monday, 11 May 2015 | 10:48 AM ET
    Santelli Exchange: EM & infrastructure debt

    CNBC's Rick Santelli asks Peter Lannigan, CRT Capital Group, about challenges facing emerging markets. Lannigan says all financial markets seem a "bit stretched" and the party may be ending.

  • NEW YORK, May 11- Citigroup Inc said it could plead guilty to an antitrust charge to resolve a U.S. Department of Justice investigation of its dealings in foreign exchange markets. Citigroup is one of six major banks that have been under investigation over the past year by global authorities, including the DOJ, for trying to manipulate rates in the $5- trillion-...

  • *India's Modi travels to China on Thursday. *China urges India to speed up rail projects. NEW DELHI, May 11- Beijing has been pushing India to accelerate work on a multi-billion dollar rail link from New Delhi to Chennai ahead of Prime Minister Narendra Modi's visit to China this week, as the Asian giants put economic ties before regional rivalries.

  • NEW DELHI, May 11- India has named private banker K.V. Kamath as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters on Monday. The BRICS- Brazil, Russia, India, China and South Africa- agreed to set up the $100 billion development bank last July, in a step toward reshaping...

  • MUMBAI, May 8- Alibaba Group Holding is in talks with India's Micromax Informatics to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world's fastest growing markets for the devices, several people with direct knowledge of the matter said. The deal, if completed, would see Alibaba investing as much as...

  • Tracking China-India relationship   Thursday, 7 May 2015 | 9:52 PM ET
    Tracking China-India relationship

    Bryan Walsh, foreign editor of TIME, discusses the relationship between India and China ahead of Indian prime minister Narendra Modi's visit to China next week.

  • *Wall Street recovers, European shares dip. NEW YORK, May 7- The global bond market rout slowed on Thursday as long-term borrowing costs retreated from their highest levels in more than five months, helping to stabilize European stocks and kindle a mild recovery on Wall Street. "That drastic, draconian move in bonds and violent updraft in oil are settling a little...

  • NEW DELHI, May 7- India moved on Thursday to mollify foreign investors who were hit by bills for several years of taxes on previously untaxed gains, triggering a sell-off in financial markets. While India has exempted capital gains made by foreign investors as of April 2015 from MAT, it says tax demands on past incomes could only be reversed by the Supreme Court.