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January 12: Snapshots for the day

  • January 12: Snapshots for the day

    January 12: Snapshots for the day

  • <p><b>Water drops are pictured on an umbrella with Airbus logo during a protest in front of the Airbus facility in the northern German town of Varel</b>
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Indian budget carrier IndiGo is considering all options including a possible initial public offering to finance a $15.6 billion deal with Airbus, but has made no decision yet, the firm&#39;s president said on Wednesday.
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Taking advantage of booming demand from a burgeoning middle class in Asia&#39;s third-largest economy, IndiGo on Tuesday agreed to buy 180 planes from Airbus in the largest jet order in commercial aviation history.
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IndiGo will get the first delivery of the order in 2015, after it procures all 100 planes from a previous order, Aditya Ghosh told Reuters in an interview.
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    Water drops are pictured on an umbrella with Airbus logo during a protest in front of the Airbus facility in the northern German town of Varel

    Indian budget carrier IndiGo is considering all options including a possible initial public offering to finance a $15.6 billion deal with Airbus, but has made no decision yet, the firm's president said on Wednesday.

    Taking advantage of booming demand from a burgeoning middle class in Asia's third-largest economy, IndiGo on Tuesday agreed to buy 180 planes from Airbus in the largest jet order in commercial aviation history.

    IndiGo will get the first delivery of the order in 2015, after it procures all 100 planes from a previous order, Aditya Ghosh told Reuters in an interview.

  • <p><b>A boat passes office buildings in Victoria Harbour in Hong Kong. Hong Kong was rated the world&#39;s freest economy for a 17th straight year in a ranking by the US-based Heritage Foundation</b>
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Hong Kong was rated the world&#39;s freest economy for a 17th straight year in a ranking by the US-based Heritage Foundation, above rivals Singapore and Australia for the title.
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Hong Kong, with a score of 89.7, is well above the world average of 59.7, the Washington-based Heritage Foundation said in its 2011 Index of Economic Freedom report released on Wednesday.
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The study assesses 183 economies, out of which mainland China ranks 135th.
</p><p>
"Hong Kong, one of the world&#39;s most competitive financial and business centers, demonstrated a high degree of resilience during the global financial crisis," the report said.
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    A boat passes office buildings in Victoria Harbour in Hong Kong. Hong Kong was rated the world's freest economy for a 17th straight year in a ranking by the US-based Heritage Foundation

    Hong Kong was rated the world's freest economy for a 17th straight year in a ranking by the US-based Heritage Foundation, above rivals Singapore and Australia for the title.

    Hong Kong, with a score of 89.7, is well above the world average of 59.7, the Washington-based Heritage Foundation said in its 2011 Index of Economic Freedom report released on Wednesday.

    The study assesses 183 economies, out of which mainland China ranks 135th.

    "Hong Kong, one of the world's most competitive financial and business centers, demonstrated a high degree of resilience during the global financial crisis," the report said.

  • <p><b>Teenagers wade through a flooded street in the Brisbane suburb of Breakfast Creek</b>
</p><p>
Australia&#39;s devastating floods could remove 5% or more of steelmaking coal from world markets and lift prices by a third or more, analysts estimated on Wednesday as damage and disruption to coal infrastructure continue to spread with the floodwaters.
</p><p>
Australia&#39;s Bowen Basin coal district, the heart of the coking coal industry in Queensland state, is slowly emerging from floods that have now raced south, but recovery has been slow, with one Queensland coal port closed and two restricted.
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    Teenagers wade through a flooded street in the Brisbane suburb of Breakfast Creek

    Australia's devastating floods could remove 5% or more of steelmaking coal from world markets and lift prices by a third or more, analysts estimated on Wednesday as damage and disruption to coal infrastructure continue to spread with the floodwaters.

    Australia's Bowen Basin coal district, the heart of the coking coal industry in Queensland state, is slowly emerging from floods that have now raced south, but recovery has been slow, with one Queensland coal port closed and two restricted.

  • <p><b>A salesman arranges gold necklaces at a jewellery shop in Agartala</b>
</p><p>
India&#39;s gold buying retreated on Wednesday afternoon as prices extended gains to hit the highest level in a week, though traders awaited leads from the rupee for direction in the dollar-quoted yellow metal, dealers said.
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"Yesterday we sold about 125 kgs at $1,374-1,379 (an ounce) after New York open, today they (traders) are still waiting for any further fall in gold prices," said a dealer with a state-run bullion importing bank.
</p><p>
The most-active gold for February delivery was trading 0.23% higher at Rs 20,477 per 10 grams at 1:15 pm, after hitting a high of Rs 20,487, a level last seen on January 5 in line with overseas market.
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    A salesman arranges gold necklaces at a jewellery shop in Agartala

    India's gold buying retreated on Wednesday afternoon as prices extended gains to hit the highest level in a week, though traders awaited leads from the rupee for direction in the dollar-quoted yellow metal, dealers said.

    "Yesterday we sold about 125 kgs at $1,374-1,379 (an ounce) after New York open, today they (traders) are still waiting for any further fall in gold prices," said a dealer with a state-run bullion importing bank.

    The most-active gold for February delivery was trading 0.23% higher at Rs 20,477 per 10 grams at 1:15 pm, after hitting a high of Rs 20,487, a level last seen on January 5 in line with overseas market.

  • <p><b>Central banks are pump-priming at the most aggressive pace in decades, governments are hiking sales taxes, food and energy costs are surging -- and yet investors seem strangely casual about inflation risks.</b>
</p><p>
For sure, there&#39;s a powerful argument that recession has left too much spare capacity in the labour markets, housing, factories and office space of the big western economies to allow price bottlenecks to drive consumer price inflation higher.
</p><p>
But for all the debt-hobbled economic funk in parts of the United States, Europe and Japan, global growth at large is still well above trend rates in excess of 4% and global monetary policy is switched to ultra loose.
</p><p>
Many of the biggest developing economies, such as China, India, Russia, Brazil, Turkey and Indonesia, continue to grow briskly and inflation is running at a 5-10% clip.
</p>

    Central banks are pump-priming at the most aggressive pace in decades, governments are hiking sales taxes, food and energy costs are surging -- and yet investors seem strangely casual about inflation risks.

    For sure, there's a powerful argument that recession has left too much spare capacity in the labour markets, housing, factories and office space of the big western economies to allow price bottlenecks to drive consumer price inflation higher.

    But for all the debt-hobbled economic funk in parts of the United States, Europe and Japan, global growth at large is still well above trend rates in excess of 4% and global monetary policy is switched to ultra loose.

    Many of the biggest developing economies, such as China, India, Russia, Brazil, Turkey and Indonesia, continue to grow briskly and inflation is running at a 5-10% clip.

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