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Just in:   • Inflation surges to 7.83 percent, Chidambaram urges patience  • Export textile machinery and components to Bangladesh  • Behind Cannes fest glitz, Bollywood does brisk business  • EU-Latin America summit voices concern over food prices  • Market moves ahead shrugging off inflation, rising crude  Last updated: 18 May, 2008    Global Business Soaring global food prices constitute "a regional challenge": Benita Ferrero-Waldner EU-Latin America summit voices concern over food prices DPA | 17 May, 2008 The European Union-Latin America-Caribbean (EU-LAC)summit stressed in its final declaration in Lima that participants were "deeply concerned by the impact of increased food prices", specifically citing troubled Haiti as an example.  More Headlines » OPEC crude price inches up towards $119 mark » China eyes stake in world's largest mining firm » Icahn fights Yahoo board to spur Microsoft deal » UN calls for 'reinvigoration' of agriculture » South Korea ready to help North tackle looming famine   Read more....       Headlines Earthquake not to dampen China corporate profit: JPMorgan Chase Xinhua | 17 May, 2008 Profit for China's listed companies may grow 20 percent this year despite the strong quake that shook southwestern China, according to a senior official with JPMorgan Chase.    Read more.... Pakistan's poor go hungry amid food shortages Fakhr Ahmad | 17 May, 2008 Sukena, a middle-aged mother of two girls, argued with a shopkeeper as she reached her hands into the pockets of her burqa and counted money. All she had was Rs.25 (35 cents), barely enough to buy bread but no milk in the port city of Karachi.    Read more.... Saudi Arabia to increase oil production DPA | 17 May, 2008 Saudi Arabia would increase oil production by 300,000 barrels a day, Saudi officials said Friday, handing a diplomatic boost to US President George W. Bush during his official visit there.    Read more.... UN forecasts slower global growth in 2008 Xinhua | 17 May, 2008 The world economic growth will drop steeply to 1.8 percent this year, from 3.8 percent in 2007, the UN said in a mid-year economic report.    Read more....       Top Stories » Inflation surges to 7.83 percent, Chidambaram urges patience » Market moves ahead shrugging off inflation, rising crude » Export cargo to now get transit insurance cover » No increase in steel price for next three months: SAIL » CII outlines 10-point agenda for MSMEs   Commented Stories » Kalam releases handbook for small entrepreneurs(28) » Central Sales Tax (CST) not brought down to 2 percent: report(12) » India-Africa trade: more incentives could double exports to Africa(9) » SMEs - help yourself to succeed(8) » US calling - opportune time for Indian exporters(6)   Customs Exchange Rates Currency Import Export US Dollar 40.50 39.90 UK Pound 80.05 78.70 Euro 63.65 62.55 Japanese Yen 38.95 38.20 As on 18 May, 2008   Daily Poll Do you agree the government should review the textile export target set for this fiscal (2008-09)?  Yes  No  Can't say

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