INDIA TOP NEWS • India June services growth fastest in more than 11 years India's dominant services industry expanded at the fastest pace in over eleven years in June amid strong demand but stubborn inflation remains a concern as prices charged rose at the sharpest rate in almost five years, a private survey showed no Tuesday. • Twitter pursues judicial review of Indian orders to take down content -source Twitter on Tuesday asked an Indian court to overturn some government orders to remove content from the social media platform, a source familiar with the matter said, in a legal challenge which alleges abuse of power by officials. • India expands biofuel tax benefit for ethanol and vegoils India has expanded the excise duty exemption for biofuels to encourage the blending of higher proportions of ethanol and components of vegetable oil with gasoline and diesel, a government order said.
Asian stocks slipped and the dollar stood by a two-decade high on the euro on Wednesday as investors' fears deepened that the continent is leading the world into recession, while oil and European equity futures attempted to steady after a slide. MSCI's index of Asia-Pacific stocks outside Japan fell 0.6%. Japan's Nikkei fell 0.88%, on course for its first loss of the week.
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