Obama: India's Investment Rules Too Restrictive

India limits or prohibits foreign investment in too many sectors such as retail, the Press Trust of India cited U.S. President Barack Obama as saying in an interview.
Statoil and BP Release Reports amid Oil Declines
06:49 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
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