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Last week, Indian state-run oil firms announced the sharpest jump in petrol prices in nearly a decade to offset growing losses caused by subsidised rates

Once taxes are included, the price increase of Rs6.28 (11 US cents) per litre will result in a Rs7.5-rupee rise for consumers in cities such as Delhi

0.4% in first three months of this year, after shrinking by 0.3% in the final quarter of last year.

Spanish retail sales were down 3.7% in March from the same point a year ago, the 21st month in row sales have fallen.

The rate has risen sharply since April 2007, when it stood at 7.9%.

The new government has announced reforms to the labour market, including cutting back on severance pay and restricting i

nflation-linked salary increases, that it hopes will ease the problem.

The government has also introduced drastic spending cuts designed to reduce its debt levels and meet deficit targets agreed with the European Union. These cuts are contributing to Spain's economic contraction.

S&P predicts the Spanish economy will shrink by 1.5% this year, having previously forecast 0.3% growth.

"We believe that the new government has been front-loading and implementing a comprehensive set of structural reforms, which should support economic growth over the longer term," S&P said. "In particular, authorities have implemented a comprehensive reform of the Spanish labour market, which we believe could significantly reduce many of the existing structural rigidities and improve the flexibility in wage setting."

The yield on 10-year bonds rose to 5.96%, up from 5.81%, suggesting investors were becoming more wary of Spain's ability to repay its debts.

German business confidence fell more than economists forecast in May,

consumer spending also rose more than projected last month, increasing 0.6 percent

double to A$450m

competition has increased

gasoline prices a

Korea's Hyundai Motor-Kia Motors

Automakers enjoy jump in U.S. sales

everything we can" to generate growth

production industries decreased by 0.4%, construction decreased by 3%

government spending

25% in public sector housing and 24% in public non-housing and with a further 10% cuts to both anticipated for 2013

guarded optimism

little more aggressive in terms of recruitment and investment.

fell to 2.5% in August, down from 2.6% in July.

Inflation is now much closer to the Bank of England's 2% target, having dropped from a peak of 5.2% in September last year.

felt extra stimulus would be needed in the future.

inflation is unlikely to slow

he near-term outlook was for a less rapid fall in inflation

tariffs

$300 million and $500

$300 million and $500

$1.55 billion

jumped around 70 percent

to raise the quota

Mexican exports to Brazil rose by 135 percent to some 109,000 units in the first six months of 2012. In dollar terms, this was a rise of around 112 percent to nearly $1.6 billion.

consider a plan under which the central bank buys construction bonds directly from the government

expectations for drastic monetary easing by the central bank. Abe's repeated calls for "unlimited" monetary easing, aimed at beating the deflation, sparked such expectations.

In futures trading on the Tokyo Stock Exchange, the lead December contract on 10-year JGBs edged down 0.08 point from Friday to end at 144.62. Volume decreased to 25,289 contracts from 33,371.

While the earlier drug price control order covered only 74 bulk drugs and formulations

As per the new price control order, the ceiling price of an essential drug will be the simple average of all brands with a market share of at least one per cent.

But, large companies will get a monopoly in pricing as they can manipulate price structure together.

The experts in the industry point out that the small players in the field will eventually be wiped out when the new price control regime will come into effect.