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May 25, 2013
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International
Christine Lagarde escapes formal investigation in court
Lagarde has come under attack for her role in a 285-million-euro arbitration payment made to a supporter of former president Nicolas Sarkozy.
Latest News
US Immigration reform bill may harm Indian IT firms
The Senators, also known as the gang of eight, has put forward provisions in the bill, which when signed into law by the President, can harm the interests of Indian IT companies and professionals.
US consumer credit goes up
Total consumer borrowing rose in March by a seasonally adjusted $8 billion, falling short of the market expectation of $15 billion increase, reported Xinhua.
GM to build factory in China
The plant will be located in Shanghai's Jinqiao district, GM said in a statement Tuesday.
HSBC fears 'significant' penalty in NRI tax evasion probe
The US tax department is investigating possible evasion of federal income taxes by the American residents of Indian origin through use of their accounts with HSBC India.
China's foreign trade jumps by 15.7%, beats expectations
Surpassing expectations and proving scepticism unfounded, China's foreign trade volume grew by 15.7 percent year-on-year in April, higher than the 12.1 percent increase in March.
Brazil cuts interest rates on small business loans
Brazilian President Dilma Rousseff has announced here a reduction in the interest rate on public loans for owners of small businesses from 8.0 percent to 5.0 percent.
Emerging market growth hits 7-month low in April
Brazil was the only economy that showed signs of betterment in April.
Russia to take $40 mn loan from World Bank
The loan is part of the USD 121.26 million Forest Fire Response Project in Russia being co-financed by the Russian government.
Dow closes above 15,000 for first time
The Dow hit an all-time intraday high at 15,056.67, while the S&P 500 touched a record intraday high at 1,626.03.
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