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Tata took control of a moribund conglomerate at the moment India began its economic liberalization programme. He seized his opportunity – and the rest is history.
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A popular target for globalization’s detractors, as World Bank president, James Wolfensohn was never far from controversy. But his reweighting of the world’s leading development agency has had far-reaching consequences.
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India’s demand for infrastructure finance cannot be met by local sources alone, but new restrictions on foreign borrowing are creating huge problems
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Strong inflows challenge central banks, and Russia bull calm on banking sector
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At Citigroup’s helm from 1998 to 2006, he pushed the group through rapid global expansion with epoch-making deals, against the head-wind of emerging market crises
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Governors also note growing wealth gap in middle-income countries
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Bigger risk than global imbalances, says former Fed chairman
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Local currency fund will stimulate capital market development, say emerging market governments
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Official creditors' group seeks to stop sale of HIPC obligations to litigating funds
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Top official says new curbs on electioneering likely as poll date looms
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In an exclusive interview, incoming managing director Dominique Strauss-Kahn vows to put Fund back on track