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UPDATE 2-Egypt to set 2016-17 budget at devalued exchange rate -sources

CAIRO, Feb 8- Egypt is drafting its 2016-2017 budget on the basis of an exchange rate of 8.25 Egyptian pounds to the dollar compared to 7.75 pounds this fiscal year, two government sources said on Monday, indicating the central bank is preparing to devalue. Egypt's central bank has defended the pound against growing pressure to devalue, but with foreign exchange...
Source: Reuters | By: Ehab Farouk
UPDATE 1-Egypt to set 2016-17 budget at devalued exchange rate

CAIRO, Feb 8- Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of 8.25 Egyptian pounds to the dollar, as compared to 7.75 pounds the previous year, two government sources told Reuters on Monday. The proposed value of the pound in the budget being drafted indicates the Central Bank of Egypt is planning to devalue the pound from the official...
Source: Reuters
GLOBAL MARKETS-Asia stocks slip, Japan rebounds in holiday-thinned trade

*Lunar New Year closes most markets, with China off all week. TOKYO, Feb 8- Asian shares pared losses on Monday as a weaker yen helped Japan's Nikkei snap a four-day losing streak, but trade was thin with many regional markets closed for the Lunar New Year holiday. Financial spreadbetters predicted Britain's FTSE 100 to open around 0.6 percent higher, and Germany's...
Source: Reuters | By: Lisa Twaronite
UPDATE 1-Battling doctor shortage, Indian hospitals offer intensive care from afar

NEW DELHI, Feb 8- A doctor at a hospital in India's capital, New Delhi, was recently tracking a wall of monitors displaying the vital signs of intensive care patients admitted hundreds of miles away when red-and-yellow alerts rang out. India's top private hospitals, seizing on a shortage of critical-care doctors, are expanding into the remote management of...
Source: Reuters | By: Aditya Kalra
COLUMN-India's fading oil product exports contrast with China's boom: Russell

LAUNCESTON, Australia, Feb 8-- One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned. India has in recent years been a fairly major player in Asia's market for refined products, given the presence of plants designed to take advantage of the country's...
Source: Reuters | By: Clyde Russell
GLOBAL MARKETS-Asia stocks slip in holiday-thinned trade

*Lunar New Year closes most markets, with China off all week. *Wall Street skids, led by technology sector. TOKYO, Feb 8- Asian shares got off to a rocky start on Monday after mixed U.S. jobs data helped sink shares on Wall Street, but trade was thin with many regional markets closed for the Lunar New Year holiday.
Source: Reuters | By: Lisa Twaronite
GLOBAL MARKETS-Asia slumps in holiday-thinned trade

*Lunar New Year closes most markets, with China off all week. TOKYO, Feb 8- Asian shares got off to a rocky start on Monday after mixed U.S. jobs data helped sink shares on Wall Street, but trade was thin with many regional markets closed for the Lunar New Year holiday. With Singapore, Hong Kong and mainland China all closed for the new year holiday, "volumes will be well...
Source: Reuters | By: Lisa Twaronite
Battling doctor shortage, Indian hospitals offer intensive care from afar

NEW DELHI, Feb 8- A doctor at a hospital in India's capital, New Delhi, was recently tracking a wall of monitors displaying the vital signs of intensive care patients admitted hundreds of miles away when red-and-yellow alerts rang out. India's top private hospitals, seizing on a shortage of critical-care doctors, are expanding into the remote management of...
Source: Reuters | By: Aditya Kalra
North Korea launch a black eye for China

North Korea's launch is a humiliation for China, but there are no immediate signs that Beijing will change course, The New York Times writes.
Source: The New York Times | By: By Jane Perlez
Iran: Dollars no good here, but euros are

Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros, a source told Reuters.
Source: Reuters