LONDON (Reuters) - Stubborn recession brought a dose of reality to the strong rally that hoisted the world's stock markets from their March lows, and will keep a check on gains until the end of the year, Reuters polls showed.
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NEW DELHI (Reuters) - India could top the list of business destinations among BRIC nations, if best practices and regulations followed by some cities are implemented by others, a report by World Bank said on Tuesday.
MUMBAI (Reuters) - The BSE Sensex fell 2 percent on Tuesday, but rallied by almost a half during April-June in its biggest quarterly gain in 17 years as investors rode on signs of an economic recovery and hopes for market-friendly policies.
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BAGHDAD (Reuters) - Iraq auctioned contracts to run eight giant oil and gas fields on Tuesday as it sought to take charge of its own reconstruction after six years of war, but oil companies were reluctant to pay what it asked.
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BANGALORE (Reuters) - Design and engineering consultancy Scott Wilson Group Plc expects growth in its international business to continue over the next year but anticipates UK business to be flat and does not see any recovery in the private sector property market in the short term.
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MUMBAI (Reuters) - The BSE Sensex provisionally fell 1.66 percent on Tuesday as investors booked profits ahead of next Monday's union budget, but posted its highest quarterly gain in 17 years on signs of an economic recovery.
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GENEVA (Reuters) - The world's airlines lost more than $3 billion in the first quarter of 2009, the International Air Transport Association (IATA) said on Tuesday, maintaining its estimate for full-year losses of $9 billion.
MUMBAI (Reuters) - Mortgage lender LIC Housing Finance Ltd said on Tuesday it has cut interest rates for existing home loan borrowers by 50 basis points.
LONDON (Reuters) - The MSCI world equity index looked set on Tuesday for its best quarterly gain since its 1988 launch and oil was on course for its strongest quarter since 1990, as recovery talk fired up markets in the past three months.
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