SYDNEY - Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a 5-1/2 year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's (BOJ) policy meeting.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Rafale deal "highest priority" in India FY14 budget: air force chief
BANGALORE (Reuters) - India's agreement to buy 126 Rafale fighter jets from France's Dassault Aviation (AVMD.PA) is of the "highest priority" in India's budget for the upcoming financial year that begins in April, Air Chief Marshal N.A.K. Browne said on Thursday.
India picked the Rafale jet for exclusive negotiations over a year ago after a hotly contested bidding war with rival manufacturers, but is still to finalize the $10 billion deal.
The deal would not be signed during a visit of French President Francois Hollande to India next week, a diplomatic source said on Wednesday.
(Reporting by Anurag Kotoky; Writing by Henry Foy; Editing by Jeremy Laurence)
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