Indian Flood of Free-Float Stocks May `Drag' on Market, Credit Suisse Says

Photographer: Prashanth Vishwanathan/Bloomberg

The Bombay Stock Exchange’s Sensitive Index has dropped 4.9 percent this year, after soaring 81 percent in 2009, the biggest rally in 18 years. Close

The Bombay Stock Exchange’s Sensitive Index has dropped 4.9 percent this year, after... Read More

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Photographer: Prashanth Vishwanathan/Bloomberg

The Bombay Stock Exchange’s Sensitive Index has dropped 4.9 percent this year, after soaring 81 percent in 2009, the biggest rally in 18 years.

Christiana Figueres, a Costa Rican who on July 8 will take the helm of the United Nations body that organizes global climate change treaty talks, said an all- encompassing deal is unlikely to happen in her lifetime.

Governments must instead focus on making incremental efforts to end global warming, because the response “is going to require the sustained effort of those who will be here for the next 20, 30, 40 years,” Figueres, 53, told reporters today in Bonn, where the latest 2-week round of talks is taking place.

“I do not believe we will ever have a final agreement on climate change, certainly not in my lifetime,” Figures said. “If we ever have a final, conclusive, all answering agreement, then we will have solved this problem. I don’t think that’s on the cards.”

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

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