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Sunday, 17 May 2009

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Congress sweeps to Indian polls win

NEW DELHI - India’s ruling Congress-led alliance swept to a commanding election victory Saturday, crushing its Hindu nationalist rivals and setting up a second term for Prime Minister Manmohan Singh.

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Philippines failed to scrap loss-making firms-ADB

The Asian Development Bank said Saturday the Philippines has failed to follow a commitment to reduce the number of state-run corporations that have been bleeding government coffers dry.

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Global economy: 2009 just like World War II

NEW YORK (CNNMoney.com) - With overall global economic growth slowing to a near standstill this year, 2009 will be the most challenging year for economies across the globe since World War II, according to an International Monetary Fund report released Wednesday.

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