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Caspian international economic forum to open in Moscow
An international economic forum Caspian Dialogue-2011 will open here on Monday. High on the agenda of the forum will be “the policy of the Caspian regional countries in the mineral resources and the Caspian legal status,” the forum organizing committee said. Alongside, the forum is planning to discuss “the development of the regional transport infrastructure, the construction of energy-efficient houses, information technologies, the development of the fishery industry and the restoration of biological diversity.”
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Oil price rise 'to boost growth' in Azerbaijan, Russia
The oil price hike will promote growth in major oil exporters Azerbaijan, Kazakhstan and Russia, but create more poverty in the Eurasian region
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India, Kazakhstan sign nuclear power deal
India said Saturday it signed seven trade agreements with Kazakhstan, including a deal involving nuclear material used for energy production.
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Tepco to compensate Japan's nuclear plant victims
The Japanese government has ordered the operator of the nuclear plant damaged by last month's quake and tsunami to pay compensation to affected families.
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China backs India for UNSC seat, vaguely
China on Thursday joined Russia in vaguely backing India's quest for a permanent Security Council seat but there was no promise that Beijing would vote for New Delhi's inclusion on UN high table.
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BRICS see rising threat from commodity volatility
The leaders of Brazil, Russia, India, China and South Africa said excessively volatile commodity prices pose a threat to the global economy and called for greater regulation of derivatives markets.
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China’s currency reserves exceed $3 trillion
China’s foreign-exchange reserves, the world’s largest, topped $3 trillion for the first time, highlighting global economic imbalances.
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US President aims to lower deficit by $4 trillion
U.S. President Barack Obama unveiled a politically risky plan to reduce the budget deficit by $4 trillion over 12 years by cutting health care and defense while raising some taxes.
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