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India wholesale prices rise first time in 18 months

  New Delhi / Bloomberg India’s wholesale prices unexpectedly rose for the first time since October 2014, mirroring a hardening in consumer inflation that could prompt central bank Governor Raghuram Rajan to refrain from further cuts in interest rates. Wholesale prices rose 0.34 percent in April from a year earlier after an 0.85 percent decrease the previous month, the Commerce ...

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Thailand’s economy expands in quarter One

  Bangkok / Bloomberg Thailand’s economy grew more than analysts estimated in the first quarter as the military government’s spending helped counter weak local demand and exports. Gross domestic product expanded 3.2 percent in the three months through March from a year earlier, the National Economic and Social Development Board said in Bangkok Monday. That compares with the 2.8 percent ...

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Yen slips on sales tax delay report

  Tokyo / AFP The yen slipped on Monday on speculation Tokyo will postpone a sales tax rise to avoid denting Japan’s already fragile economy, while a lacklustre string of Chinese data took a bite out of emerging currencies. Japan’s leading Nikkei business daily said at the weekend that Prime Minister Shinzo Abe had told officials he wants to delay ...

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