Word: indias
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...weak dollar is helping America's exports. But it is also spooking holders of U.S. debt, whose continued purchases of U.S. Treasury bills allow Washington to fund its deficit spending. Last week, the International Monetary Fund (IMF) announced that the Reserve Bank of India had bought 200 tons of IMF gold reserves, the biggest single purchase by a central bank in 30 years. That pushed the price of gold past $1,100 an ounce, the latest record breaker in a string of new highs, as the market anticipated gold buying by other central banks to hedge against a falling dollar...
...dollar finally used up the last of its nine lives? There are worrying signs that the world is losing its appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second...
...She’s known to be one of the most intelligent actors in India,” Delacy said, describing Zinta as an “A-list star” comparable to Julia Roberts or Renee Zellweger. “She seems to be more of a thinking person based on the roles she’s taken...
...Dalai Lama's visit, says Anand, should be seen not as a gesture of defiance toward China nor a validation of democratic India but as an act of solidarity with a community that looks to him for guidance. For years he has pushed for dialogue with China and quietly sought autonomy for Tibet, but this purported "middle path" of peaceful advocacy has made little progress and has frustrated many younger Tibetans who are living in exile from their homeland. Now, suggest observers, the Dalai Lama may be thinking more of shoring up the Tibetan diaspora as it looks toward...
Meanwhile, border tensions around the monastery where the Dalai Lama found asylum 60 years ago continue to simmer. As neighbors and growing world powers, India and China are bound to have their differences, but, say analysts, it is in both countries' interests to move away from the icy, uncompromising positions where they are now entrenched. The possibilities for trade between India's northeast and China's southwest have barely been explored. "Indians and Chinese need to be more confident in their history," says Anand. "This is history, as you see in Tawang, which was more complicated, fluid and relaxed...