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United they stood
Bank reform: The overhaul of the global financial system has entered a new, more complicated phase. For two years, a fragile multilateralism has prevailed as the world’s largest economies agreed that changes should be designed and adopted on a global basis. The task of redesigning financial regulation was largely delegated to central bankers, regulators and other technocrats.

Past speaking
By far the most important skill in business,” wrote the London Times’s Sathnam Sanghera in a recent column (also carried in this paper), “is the ability to tell a decent anecdote.” I think he’s right, especially when it comes to the old-fashioned way of doing business — face to face. “Frankly,” said Sanghera, “banter should be taught at school alongside Geography and Maths. Nothing will benefit your career more.”

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Sensex extends losing streak, even as FMCG stocks rise
As the main indices fell today, the share prices of fast moving consumer goods (FMCG) companies rose.
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Copenhagen: Intense negotiations as emerging nations resist scrutiny

The US-brokered deal with India and three other emerging economies went down to the wire with a personal push by President Barack Obama, even as developing nations appeared to have staved off attempts to subject their voluntary mitigation actions to international review. - Dramatic turn of events at Copenhagen in the last few hours - US, BASIC struck deal; developing nations oppose it - Australian PM says climate talks nearly collapsed - Obama lauds India for setting forth mitigation efforts - PM sticks to Kyoto Protocol - Singh, Wen hold talks ahead of plenary at the climate summit The 12-day climate talks spilled overnight with consensus eluding on a substantive agreement and world leaders delayed their departures to meet again to find common ground amid serious attempts by rich nations to break the ranks of the developing countries. The leaders of the group of four -- India, China, South Africa, and Brazil (BASIC) -- met again as the deadlock continued. "The concerns of the developing countries was the verification of their nationally accountable mitigation actions," an official privy to the talks said. The developing countries felt that any international review of their voluntary mitigation actions would mean an intrusion on their sovereignty. Several drafts went back and forth as Obama waited for the BASIC leaders to conclude their discussions. The rich nations were also pressing for a 50 per cent emission cut across the board, which the developing nations were not ready to accept.


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