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Locals wary of Modi math as foreigners sell $6 billion debt

  Bloomberg The risk of record borrowings is turning Indian bond investors skeptical going into the government’s budget on Wednesday, just as foreign funds exit the market at the fastest pace since 2013. Primary dealers have rescued two of the last four sovereign-debt auctions, as Prime Minister Narendra Modi’s administration is expected to announce an unprecedented 6.25 trillion rupees ($92 ...

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China’s nuclear power fleet to overtake US within decade

  Bloomberg China’s rapid nuclear expansion will result in it overtaking the US as the nation with the largest atomic power capacity by 2026, according to BMI Research. The world’s second biggest economy will almost triple its nuclear capacity to nearly 100 gigawatts by 2026, making it the biggest market globally, analysts said in a note dated Jan. 27. The ...

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Border tax could further reduce Mexico oil’s US ties

  Bloomberg US President Donald Trump’s proposed tariff on Mexican goods has the country’s oil industry considering just how much it needs the American market. A 20 percent border tax to build a wall between Mexico and the US means Canadian oil-sands competitors will enjoy a leg up and US motorists will suffer higher prices at the pump due to ...

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