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August, 24, 2016

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Business > Asia > India
State-run cement producer Semen Indonesia (SMGR) said it had signed an offtake agreement with its Vietnamese subsidiary Thang Long Cement Company (TLCC) to help the latter refinance its US$140-million debts.
 
India's inflation accelerated to a five-month high in May, in a worrying sign for Prime Minister Narendra Modi's new government which has made fighting price rises a priority.
 
Asia's biggest budget carrier AirAsia launched its debut flight in India on Thursday, fueling a cut-throat fare war in a sector already reeling from losses.
 
AirAsia sparks fare war with first India flight
Asia's biggest budget carrier AirAsia is set to make its maiden Indian flight this week, fuelling a cut-throat fare war in a sector already reeling from losses.
 
American household wealth reached a new record in the first quarter of 2014 thanks to a rising stock market and an improving housing market, according to U.S. data released Thursday.
 
Average U.S. rates on fixed mortgages rose slightly this week, reversing a five-week downward trend.
 
India's hawkish central bank was widely expected to keep interest rates unchanged Tuesday at its first monetary policy-setting meeting since new pro-growth prime minister Narendra Modi took office.
 
Indian manufacturing orders hit a three-month high in May, suggesting stronger output in the coming months, as overall factory output growth picked up pace slightly, a business survey showed Monday.
 
India is forecast to post an eighth straight quarter of below five percent growth later Friday, underscoring challenges facing new Prime Minister Narendra Modi to revive Asia's third-largest economy.
 
India's stock market surged past the 25,000 mark Monday as Narendra Modi prepares to be sworn in as prime minister, with investors betting his new cabinet will unleash reforms to revive the economy.
 
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