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Global mergers

Threat from big pharma

A view of AstraZeneca's manufacturing site in Macclesfield, England. U.S. pharma major Pfizer has advanced a $100-billion-plus bid to takeover the British drug major. The move seemingly has the backing of the David Cameron government in the United Kingdom.

Financial strains in the “new” China

The China Minsheng Bank in Beijing. Shanxi Haixin Iron and Steel Group, the largest private steel producer in the country, defaulted on loans estimated at $3.57 billion from this bank.

Black and grey

Economic Perspectives

Ruling dilemma

RBI Governor Raghuram Rajan says inflation is no more restricted to food items but is quite widespread in distribution and visible in both manufacturing and services.

Economic Perspectives

A benchmark for rigging

Traders at work on the foreign exchange trading floor of Barclays Capital in Singapore, a file photograph.
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