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London’s trading strength has evolved from dockyard cranes to high finance. Rubén Moreno Montolíu/Flickr

Britain drops one deficit target and ends up facing a new threat

As the budget deficit fades from political view, anxiety shifts to the much wider current account deficit. It may signal UK dynamism, but neither financing nor closing it look easy after Brexit.
Indian Finance Minister P. Chidambaram is facing high inflation, an annual trade deficit of US$200 billion and a falling rupee. AAP

India’s inflation woes could see rupee fall even further

The Indian economy is in trouble. The anticipated tapering of the US Federal Reserve’s aggressively expansionary quantitative easing program has seen a drying up of capital inflow into a country with a…

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