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The U.S. economy probably grew in the first quarter at a faster pace than originally estimated as exports rose, economists said before a government report today. Gross domestic product expanded at an annual pace of 0.9 percent from January through March, up from the 0.6 percent projected last month, according to the median estimate of 74 economists surveyed by Bloomberg News. Surging fuel and food bills and falling home values signal consumer spending, the biggest part of the economy, is unlikely to accelerate in coming months. Stricter lending, a worsening housing slump and shrinking job market will constrain households and businesses, even as government tax rebates give growth a temporary ...
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The year 2007 saw Indian stock markets scaling new peaks. It has emerged as the third best performing market in the world with a dollar return of 71.23 per cent. The popular Bombay Stock Exchange (BSE) benchmark index, sensex, also posted its highest ever absolute gain of 6500 points in over two decades. This performance of Indian stock markets has led to the total investor wealth of Bombay Stock Exchange (BSE) surging to a record high of over US$ 1.7 trillion, with an average increase of over US$ 10.18 million in every minute of trading during 2007. At the end of 2006, the total market capitalisation stood at US$ 812 billion. Simultaneously, the National Stock Exchange (NSE) has climbed to...
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