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Analysis: India inches closer to crisis as rupee retreats MUMBAI (Reuters) – India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the central bank with a difficult choice over how to make best use of its limited reserves to maintain the confidence of foreign investors. If the central bank [...] Factories stall worldwide, U.S. jobless claims rise LONDON/SINGAPORE (Reuters) – Manufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed. Factory activity shrank even further in the euro zone, reinforcing the view that the debt-strapped region is in recession, [...] |
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