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Prime Minister Manmohan Singh speaks at the World Economic Forum in New Delhi November 8, 2009. Singh said on Sunday there was no substitute to the U.S. dollar for replacement as the global reserve currency. REUTERS/B Mathur/Files

PM says no substitute for US dollar - CNN

Reuters - Sun, Nov 22

Prime Minister Manmohan Singh said on Sunday there was no substitute to the U.S. dollar for replacement as the global reserve currency.

  • Sergey Chemezov, director general of the state corporation for assistance to development, production and export of advanced technology industrial product "Russian Technologies", attends a news conference in Moscow, in this December 27, 2007 file photo. REUTERS/Sergei Karpukhin/Files
    Russia chief says Renault won't up Avtovaz stake now Reuters - Sun, Nov 22

    The head of state-owned conglomerate Russian Technologies said on Saturday French car maker Renault might raise its 25 pct stake in troubled Russian partner Avtovaz in future, but won't do so for now.

  • Reliance Industries Ltd Chairman Mukesh Ambani is seen at an annual general meeting in Mumbai in this August 3, 2005 file photo. Reliance Industries has made a non-binding cash offer to buy a controlling interest in bankrupt petrochemicals company LyondellBasell Industries, LyondellBasell said on Saturday. REUTERS/Punit Paranjpe/Files
    LyondellBasell says receives offer from Reliance Reuters - Sun, Nov 22

    Indian energy giant Reliance Industries has made a non-binding cash offer to buy a controlling interest in bankrupt petrochemicals company LyondellBasell Industries, LyondellBasell said on Saturday.

  • U.S. President Barack Obama speaks during a rally with troops at Osan Air Base in South Korea November 19, 2009. REUTERS/Jim Young
    Obama asks Americans for patience on economy Reuters - Sat, Nov 21

    President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.

  • Govt plans rice reserve sale in local markets Reuters - Sat, Nov 21

    NEW DELHI (Reuters) -India, the world's second biggest rice grower, plans to sell the grain in local markets from reserves to douse fears of shortage caused by the worst monsoon in three decades, Farm Minister Sharad Pawar said on Saturday.

  • Cadbury's chocolate bars are seen in a shop in London in this June 23, 2006 file photograph. U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Inc. REUTERS/Alessia Pierdomenico /Files
    Hershey mulls $17 bln solo bid for Cadbury - source Reuters - Sat, Nov 21

    U.S. chocolate maker Hershey is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.

  • U.S. Federal Reserve Bank Chairman Ben Bernanke at the Federal Reserve in Washington, December 4, 2008. The Senate Banking Committee will hold a confirmation hearing on Federal Reserve Chairman Ben Bernanke's nomination to a second term as chief of the U.S. central bank Dec. 3, the panel said. REUTERS/Jonathan Ernst/Files
    U.S. Senate sets hearing on Bernanke's renomination Reuters - Sat, Nov 21

    The Senate Banking Committee said on Friday it will hold a hearing on Federal Reserve Chairman Ben Bernanke's renomination to a second term on Dec. 3, putting the central bank chief under scrutiny at a time when the Fed is facing intense criticism in Congress.

  • A man plugs a charging device in a Tesla Roadster Sport car at the Frankfurt International Auto Show IAA in Frankfurt September 16, 2009. U.S. electric sports car maker Tesla Motors plans to go public soon. REUTERS/Johannes Eisele/Files
    EXCLUSIVE - U.S. electric carmaker Tesla prepares IPO Reuters - Sat, Nov 21

    U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

  • Cadbury's chocolate bars are seen in a shop in London in this June 23, 2006 file photograph. U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Inc. REUTERS/Alessia Pierdomenico /Files
    Hershey weighs $17 billion Cadbury bid - source Reuters - Sat, Nov 21

    U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.

  • The Hershey's sign outside its Times Square store is seen in New York, November 18, 2009. REUTERS/Shannon Stapleton/Files
    Hershey's trust pushes for Cadbury bid - WSJ Reuters - Sat, Nov 21

    The charitable trust that controls Hershey Co is pushing the company to launch a rival $17 billion bid for Cadbury Plc, the Wall Street Journal reported on Friday, citing people familiar with the matter.

  • U.S. Treasury nominees to press China on yuan policy Reuters - Sat, Nov 21

    Nominees for key U.S. Treasury international posts pledged on Friday to work to persuade China to change its currency practices to allow critical adjustments in global trade and economic balances.

  • A man fills up his truck with gas at a gas station in Santa Monica, California, in this May 28, 2008 file photo. Oil slipped nearly 1 percent to below $77 on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand. REUTERS/Lucy Nicholson/Files
    Oil slips below $77 on dollar rise, equities slide Reuters - Sat, Nov 21

    Oil prices slipped nearly 1 percent to below $77 a barrel on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand.

  • A man plugs a charging device in a Tesla Roadster Sport car at the Frankfurt International Auto Show IAA in Frankfurt September 16, 2009. U.S. electric sports car maker Tesla Motors plans to go public soon. REUTERS/Johannes Eisele/Files
    U.S. electric carmaker Tesla preparing IPO - sources Reuters - Sat, Nov 21

    U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

  • U.S. Federal Reserve Bank Chairman Ben Bernanke at the Federal Reserve in Washington, December 4, 2008. The Senate Banking Committee will hold a confirmation hearing on Federal Reserve Chairman Ben Bernanke's nomination to a second term as chief of the U.S. central bank Dec. 3, the panel said. REUTERS/Jonathan Ernst/Files
    U.S. Senate announces Bernanke confirmation hearing Reuters - Sat, Nov 21

    The Senate Banking Committee will hold a confirmation hearing on Federal Reserve Chairman Ben Bernanke's nomination to a second term as chief of the U.S. central bank Dec. 3, the panel said on Friday.

  • France expected to head EU financial services - envoys Reuters - Sat, Nov 21

    A former French foreign minister is expected to take charge of financial services in the European Union, diplomats said, a move that would unsettle bankers worried he may take a hard line with the industry.

  • Traders work on the floor of the New York Stock Exchange in this November 5, 2009 file photo. Worst-than-expected results from computer maker Dell and homebuilder D.R. Horton helped push stocks lower on Friday in the third straight negative session for Wall Street. REUTERS/Brendan McDermid/Files
    Wall St slips on weak corporate results Reuters - Fri, Nov 20

    Weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton helped push stocks lower on Friday as Wall Street headed for its third straight day of losses.

  • A vendor sells sugarcane at a fair on the outskirts of Jammu November 2, 2009. REUTERS/Mukesh Gupta
    Govt to amend cane price rule after farmers' protests Reuters - Fri, Nov 20

    India will change a new sugarcane pricing rule that provoked protests, putting the onus back on mills to pay the difference if state governments raise floor rates fixed by the central government.

  • Labourers work at a construction site in Hyderabad July 2, 2009. REUTERS/Krishnendu Halder/Files
    Reuters Summit - India on recovery trail, but challenges loom Reuters - Fri, Nov 20

    India evaded the eye of the storm that sucked the global economy into the worst downturn since the Great Depression, and has emerged, along with China, as a leader of the nascent worldwide recovery.

  • Essar Comm to file revised bond offer doc Reuters - Fri, Nov 20

    The Reserve Bank of India (RBI) has sought a revised offer document from Essar Communication Holdings that details how it plans to use funds raised in a $920 million bond issue, two sources with knowledge of the development said.

  • Galleon sells its stake in Edelweiss Reuters - Fri, Nov 20

    Hedge fund Galleon, which is winding down its funds after its founder was accused of heading an insider trading ring, has sold its holding in Edelweiss Capital, stock exchange data showed.

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