Asia-Pacific News India

  • French Finance Minister Christine Lagarde is considered the top contender to replace Strauss-Kahn as IMF chief.

    French Finance Minister Christine Lagarde, who's the front runner for the top job at the International Monetary Fund (IMF), says there's no backroom deal being worked on to win the support of emerging nations for her candidacy.

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    Economic data disappoints, the euro debt deal has doubters, but the Swissie is soaring — time for another FX Fix.

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    Commodity prices are once again reaching record highs, supported by a weak dollar and improving global demand, whether it be speculative or not.

  • A nurse carries a baby born exactly when the national census commission's population clock clicked over one billion at 12:32 pm (0702 GMT) to place it among other babies, all born 11 May 2000 in a city hospital in Calcutta. India saw the birth of its billionth citizen, chosen from a hospital in New Delhi, amid growing poverty and homelessness.

    India’s increasing wealth and improving literacy are apparently contributing to a national crisis of “missing girls,” with the number of sex-selective abortions up sharply among more affluent, educated families during the past two decades, according to a new study. The NYT reports.

  • An Indian stock broker watches his computer screen at brokerage company at the Mumbai Stock Exchange.

    You may have thought last week's 1 percent fall was enough bad news, but the markets had other plans—the hurt doesn't end here. Experts say there's more pain left in the system.

  • A front-end bucket loader moves coals into a coal hauling truck in an open pit coal mine in Chifeng of Inner Mongolia Autonomous Region, China.

    Peabody Energy is profiting from increasing demand for coal in China, India and other emerging nations, Chief Executive Gregory Boyce told CNBC Friday.

  • Russia

    Following huge losses for the Russian market in 2008, investors have eyed stocks in Moscow skeptically and refused to give them the same rating as those in other BRIC members, Brazil, India and China according to Roland Nash, the chief investment strategist at Verno Capital.

  • **FILE** Rows of heavy Caterpillar equipment sits ready for shipment at the Caterpillar plant in Decatur, Ill.,in this April 20, 2007 file photo. For American companies with operations that stretch overseas, the slumping dollar has become a fiscal life preserver amid slower domestic economic growth and waning sales. (AP Photo/Seth Perlman, file)

    Global infrastructure projects are up and so are Caterpillar sales, Chief Executive Doug Oberhelman told CNBC Wednesday.

  • Indian Rupee banknotes

    SKS Microfinance last week reported its first loss as a public company as loan repayments fell. The NYT reports.

  • Motorists queue up to refuel at a gasoline and service station in Jakarta, 18 September 2007. Oil prices topped 81 USD a barrel for the first time on, setting another record high amid fears of critically tight supplies for the winter season in the United States. AFP PHOTO/Ahmad ZAMRONI (Photo credit should read AHMAD ZAMRONI/AFP/Getty Images)

    Rising oil prices have created concerns about the cost of fuel subsidies across the region. Although these costs will increase, it is important to make distinctions based on each government’s ability to absorb the higher costs.

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    Today the strength in the US dollar turned from being a symptom of the commodity sell-off to a major driving force. And at the heart of that are fears over slower world growth.

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    The dollar is rallying as risk appetite wanes, and the pound is getting punished for weak manufacturing data. Time again for your FX Fix.

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    India’s power sector attracted $2.1 billion in private equity funds last year, making up 46 percent of total PE infrastructure investments and 28 percent of all PE investments in India.

  • Gautam Singhania, Chairman and Managing Director (CMD) of Raymond Ltd sitting in his Challenger 604 Aeroplane in Mumbai, Maharashtra, India (Bhaskar Paul | The India Today Group | Getty Images)

    A record harvest of wealth in India - more than 50 billionaires in the Forbes 2011 World Rich list and hundreds of multi-millionaires - is fueling an insatiable appetite for luxury goods from villas and fast cars to the ultimate symbol of status and power - a private jet.

  • Reliance Industries chairman Mukesh Ambani holds a glass container filled with crude oil extracted from the D6 block of Krishna Godavari (KG) basin in September 2008. Ambani is India's richest man.

    The oil minister has ordered Reliance Industries to stop gas supplies from India's biggest gas field, the Krishna Godavari (KG) D6 block, to non-core users. The reason being a sharp decline in the production from the block.

  • Service bell at hotel reception

    India’s growing market for clean and decent, yet affordable hotel rooms is now attracting plenty of international attention. The Financial Times reports.

  • The Reserve Bank of India (RBI) is widely expected to hike its key policy rates by 25 basis points at its next meeting on May 3rd as it battles stubbornly high inflation. Many economists are warning that India's central bank remains behind the curve on inflation, despite raising rates 8 times since March 2010. But, according to Credit Suisse, India's central bank is actually nearing the end of its rate tightening cycle.

  • Office workers in India.

    The demographic advantage might lie with India, but quantity has compromised quality with the majority of its much-hyped pool of young workers largely unemployable, say experts.

  • The inflation outlook for India is highly worrisome. Unfortunately we see little respite ahead that could counter the upside risks.  Inflation would remain firmly above 9 percent and perhaps touch 10 percent again in the third quarter of this calendar year.

  • The mining industry has been caught by natural disasters in the Pacific region, an intense mergers and acquisitions environment and emerging countries eyeing to get a hold on commodities resources, Evy Hambro, MD and CIO of the natural resources team at BlackRock told CNBC.