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  New Delhi / Bloomberg Infosys Ltd. forecast better-than-expected sales growth this fiscal year, as India’s second largest software exporter captures new contracts for information technology services. Sales will rise between 11.8 percent and 13.8 percent in US dollar terms for the 12 months ending March, the Bangalore-based company said. That compares with the 10.5 percent to 12.5 percent median ...

AFP The International Monetary Fund said that the fiscal projections underpinning Greece’s proposals for moving ahead in its bailout programme are not realistic. Poul Thomsen, director of the IMF’s European Department, raised questions about the forecast that Greece could maintain a 3.5 percent budget surplus for years as part of its plan for debt relief from European Union creditors. “We ...

  Bloomberg There’s a slew of data out of the U.K. next week, some of it likely to show the economy is in good shape. Yet still currency strategists remain preoccupied with the European Union referendum in June and the potential for further losses in the pound. Data due April 20 will show U.K. unemployment remained at a decade-low of ...

  Bloomberg Volkswagen AG’s European first-quarter market share reached a five-year low as auto buyers snubbed the German carmaker’s efforts to resolve its emissions-cheating scandal and turned to models from BMW AG, Fiat Chrysler Automobiles NV and Daimler AG. Volkswagen’s brands, including mass-market Skoda and up-market Audi, accounted for 23.4 percent of new registrations in the three months ended March ...

Bloomberg The US is urging Russia to help halt an offensive by President Bashar Al Assad’s forces on rebel-held Aleppo, once the most populous city in Syria, warning that it’s putting an almost seven-week cease-fire under increasing strain. The Obama administration expressed its strong concerns to Russia, which committed to not participate in any attacks on groups which are adhering ...

  Dubai / WAM The 16th edition of the Dubai Derma Conference and Exhibition concluded on Thursday after three days of tremendous success with a consensus from all its visitors, participants, and speakers that Dubai Derma has surpassed all expectations and witnessed a great success. The event succeeded to attract over its 3 days 12,500 visitors and participants. Dr Abdul ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), visited DEWA’s projects in support and preparation for the World Expo 2020. The move follows the vision of Vice President and Prime Minister of the UAE and Ruler of Dubai, His High Sheikh Mohammed bin Rashid Al Maktoum, to host the best World ...

Istanbul / AFP Turkish President RecepTayyipErdogan on Thursday urged dozens of heads of state and government gathered for an Islamic summit in Istanbul to end sectarian divisions in the Muslim world and fight terror together. Turkey is seeking to showcase its influence among the world’s estimated 1.7 billion Muslims, particularly in lands once controlled by the Ottoman Empire, at the ...

Bloomberg Bank of England officials said the U.K.’s European Union referendum may already be weighing on growth as they kept their key interest rate at a record low. The nine-member Monetary Policy Committee, led by Governor Mark Carney, unanimously agreed to maintain the benchmark at 0.5 percent — where it’s been for more than seven years. In a ramping up ...

Bloomberg The world’s biggest oil explorers are fighting a U.S. plan to toughen offshore drilling rules that Exxon Mobil Corp. said will cost $25 billion over 10 years and render many offshore discoveries worthless. The Obama administration will issue the sweeping new regulations as part of an effort to reduce the number of well blowouts after the explosion aboard the ...