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Investment

US$453bil bond manager Western Asset shifts bets

Singapore: Western Asset Management Co is reducing its Indian government bond holdings as tensions around a new citizenship law and the Kashmir region cloud the economic outlook.

Economy

How India plunges into stagflation

MUMBAI: Just two years ago, Prime Minister Narendra Modi was helming an economy expanding 8%, spurring optimism that India was on a path to become a major global growth driver.

Business

India warns palm oil buyers against Malaysian imports

MUMBAI: Indian palm oil importers have effectively stopped all purchases from Malaysia after the government privately warned them to shun the product from the country following a diplomatic spat, industry and government sources said.