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Oil price plunge signals high uncertainty over economy: IEA

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Oil is riding a ‘big dipper,’ with prices plunging again on uncertainty about debt levels in the West, signs of a slowdown in emerging markets and political paralysis, the IEA said on Wednesday.

"Cru

India faces Rs 1.83 lakh crore exposure to US debt

As one of the 15-largest foreign creditors to the US, India's exposure to the United States' ballooning debts is estimated at $41 billion -- higher than the money America owes to countries like France

China slams US for its failure to sort out debt mess

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China, the largest holder of US debt, on Saturday demanded that the US set itself on a corrective course to cure its ‘addiction’ to debts following an unprecedented downgrade by credit rating agency S

Investors log out of IT stocks; TCS, Infy among worst hit

Fears of possible recession in the US led to investors selling off heavily the stocks of Indian IT companies in a weak market and blue-chips like TCS, Infosys and Wipro plunged sharply on the bourses.

Wall St flat as data fails to ease economic fears

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US stocks seesawed, trading little changed on Friday as a better-than-expected payrolls report did little to alleviate fears of a double-dip recession.

US job growth accelerated more than expected in

European stocks down sharply

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Europe's main stock markets extended their losses on Friday, with both the London and Frankfurt dropping more than 2.7 per cent.

London's FTSE-100 index closed down 2.71 per cent to 5,246.99 points,

US House votes to avert imminent default

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With barely a day to act, the polarized US House of Representatives on Monday approved a massive austerity plan to avert a debt default that would have wreaked havoc through the global economy.

After

Britain, Japan warn of disaster if no US debt deal

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British and Japanese officials warned on Sunday of disastrous consequences for the global economy if last-minute talks among lawmakers in Washington failed to agree on raising the US borrowing limit a

Obama announces deal to avert US default

US President Barack Obama announced late Sunday that he and top lawmakers had reached an 11th-hour deal to avert a disastrous debt default that would have sown chaos in the world economy.

"I want to

Obama, Democratic allies to huddle on debt stalemate

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US President Barack Obama called an urgent White House summit with key Democratic allies on Saturday as his Republican foes said fever-pitch efforts to avert a disastrous debt default would soon pay o

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.