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Good rain forecast in India lifts growth prospects

  New Delhi / Bloomberg After back-to-back droughts battered India’s farmers, a forecast for above-normal rainfall this year is brightening the outlook for Asia’s third-largest economy. Economists at DBS Bank Ltd., State Bank of India and Standard Chartered Plc say India’s gross domestic product this year may grow more than they previously predicted if the monsoon is as good as ...

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Eurozone ministers wrangle over Greece debt relief

  BRUSSELS / AFP Eurozone finance ministers on Monday tackled crucial talks on unlocking vital cash and debt relief for Greece just hours after Greek lawmakers adopted unpopular reforms demanded as part of the country’s bailout. The 19 ministers, meeting in Brussels, are aiming to finally sign off on the long-delayed first review of Greece’s massive EU-IMF bailout — the ...

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Brexit from EU would have ‘unforeseeable consequences’: Junker

  Frankfurt / AFP A British exit from the EU would have “unforeseeable consequences” for European cooperation, European Commission head Jean-Claude Juncker has warned in an interview with German media. Britain is to hold a closely-watched June 23 referendum on whether or not it should stay in the 28-nation bloc, and opinion polls are showing that the nation is still ...

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