-
Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
India to amend consumer protection act
by Jenny HodgeIndian government is in the process of bringing about further amendments to the Consumer Protection Act’. This was announced by Mr. Sharad Pawar, Minister for Consumer Affairs, Food & Public Distribution and Agriculture.
While inaugurating the 24th Meeting of the Central Consumer Protection Council (CCPC) in New Delhi, the minister said, the proposed amendments would make [...]
India’s RBI raised CRR, repo rate
by Jenny HodgeIndia’s central bank, the Reserve Bank of India (RBI) on Tuesday increased the short-term indicative rate (REPO rate) by 50 basis points and, with effect from August 30, 2008, the Cash Reserve Ratio (CRR) by 25 basis points.
The increase in CRR is expected to shore up another Rs. 90 billion ($2.25 billion) from the banking [...]
43% Growth In Corporate & Income Tax Collections
by Jenny HodgeIndian federal government said that the collection from Corporate Income Tax and personal Income Tax as on 21st June, 2008 was Rs. 494.11 billion ($12.3 billion) exhibiting a growth rate of 43.45% over the previous year.
The latest data released by the government shows that the collection from Corporate Income Tax stands at Rs 306.55 [...]
India’s finance ministry on REPO rate hike
by Jenny HodgeThe Indian finance ministry had indicated last week that the monetary authorities were expected to take action on the demand side to moderate inflation and quell inflationary expectations.
India’s central bank, the Reserve Bank of India (RBI) has hiked the REPO rate by 50 basis points and the CRR by 50 basis points (in two stages). [...]
Debt markets preferred channels for investors
by Jenny HodgeIndia’s apex business body, the Associated Chambers of Commerce and Industry of India (ASSOCHAM), says that due to volatility in equity market, investors now are more inclined to park their surpluses towards debt market and mutual funds, rather than adhering to equities.
The ASSOCHAM President, Mr. Sajjan Jindal, is of the view that the latest [...]
Microcredit scheme for slum dwellers launched
by Jo BlackIndian Finance Minister, Mr. P. Chidambaram, along with Delhi Chief Minister, Ms Sheila Dixit, has launched a Pilot Microcredit Scheme in New Delhi to provide loans at reasonable rates of interest to the slum dwellers of Delhi.
The scheme enables slum dwellers to get loans for retail trade, auto rickshaws and other vehicles, home improvement, [...]
IPO outlook to remain bleak for 2008
by Jo BlackA recent study conducted by ASSOCHAM Eco Pulse (AEP) reveals that weak investor sentiment in stock markets, easier ECB norms, high inflation rate and economic slowdown have depressed the overall outlook for the IPO market in the year 2008.
The ASSOCHAM Study “IPO Outlook 2008”, said that companies have been shying away from the primary [...]
BSE sensex closes below 15k
by Jo BlackThe Bombay Stock Exchange (BSE) benchmark Sensex closed below the 15k mark on Tuesday 10 June after losing over 700 points in the previous two sessions.
The sensex lost 176 points to close at 14,889 and the Nifty index lost 51 points to close at 4,449.
After hitting the 2008 lows and breaching the previous [...]
Record High For Yuan Against U.S. Dollar
by Elisha SandersLast Wednesday saw the Yuan rise dramatically against the U.S. dollar, following the Federal Reserve announcing their cut of funds rates by .75% in a bid to stabilize the economy.
According to the China Foreign Exchange Trading System, the Renminbi (RMB) hiked up by 222 basis points to reach 7.0648 yuan for one US dollar.
After [...]
Indian Stocks Drop on Deepening Concern over US Recession
by Phillip HortonThe sensitive index of India dropped to its highest in three weeks today over the strengthening fears that the credit losses in the United States will grow and lead it to a recession. The US’ economy is not only the biggest economy in the world but also the greatest trading partner of India. India’s second [...]
Wednesday, February 27, 2008Asian Stocks Records a drop for the first time in the week as Yen strengthen against Dollar
by Michelle RobertsStocks in Asia recorded a drop for the first time in the current week and the drop was led by the fall in the stocks of automakers and finance institutions. The Yen of Japan also consolidated against the dollar and Goldman Sachs JBWere cut down its prediction of share prices on the Australian Banks, these [...]
Thursday, February 21, 2008Garuda to Raise Funds for New Planes by $200 Million Share Sale
by Michelle RobertsGaruda Indonesia, Indonesia’s largest airline is planning to fund its new aircrafts by selling $200 million shares in the next year. The airline is also in the process of persuading the European regulators to remove the ban imposed on it citing safety reasons. Emirsyah Satar, the Chief Executive Officer said that Garuda is talking to [...]
Wednesday, July 18, 2007Indian government eases IDR norms to attract foreign listings
by Vipin AgnihotriGood new for foreign companies, from now on they will have much simpler access to Indian capital markets. In an effort to lure foreign companies to list on Indian bourses, Indian government has relaxed the rules that allow them to issue shares in the form of Indian Depository Receipts (IDR).
In terms of statistic, the [...]
Japan carmakers hurt by stronger yen
by Elaine FreiBanks were lower in Tokyo on Friday and that, with a yen that was stronger versus the US dollar, sent equities markets lower on the session. The Nikkei 225 dropped 0.7 percent to 16,744.15, while the Topix index fell 1 percent to 1,677.06.
The banking sector was down 2.5 percent as a whole. Mizhuo Financial (TYO: [...]
Tokyo real estate sector drops 5.6 percent
by Elaine FreiThe Tokyo equities markets joined the rest of Asia, and the rest of the world, in declines on Wednesday. The Nikkei 225 fell 2.9 percent to 16,676.89, while the Topix index also dropped 2.9 percent on the session, to 1,674.94.
Export-focused sectors were lower on earlier strengthening of the yen. The automobile manufacturing sector was down [...]
Tokyo Stock Exchange decides not to delist broker
by Elaine FreiThe Tokyo equities markets were lower on Tuesday as the yen strengthened and investors chose to take profits in sectors such as real estate and steel. The Nikkei 225 dropped 0.7 percent to 17,178.84, while the Topix index was 0.9 percent lower to 1,725.43. The declines came amid wide declines in other Asian markets.
Export-focused sectors [...]
KDDI up on fibre-optics announcement
by Elaine FreiThe Tokyo equities markets were higher on Monday as the yen weakened against the US dollar. The Nikkei 225 added 0.8 percent to 17,292.39, while the Topix index was 0.6 percent higher to 1,741.36.
The real estate sector gained 1.8 percent as whole as it made progress in recovering from earlier losses. Mitsui Fudosan (TYO: 8801; [...]
Tokyo electronics sector up on broker comments
by Elaine FreiWhile the Tokyo equities markets were substantially higher on Thursday, analysts stopped short of saying that the markets are back to normal trading after recent steep declines on global markets. The Nikkei 225 and the Topix index each added 1.9 percent on the session, to 17,090.31 and 1,720.96 respectively.
The oil sector saw gains based on [...]
Tokyo markets drop on US concerns
by Elaine FreiEquities markets in Tokyo were lower on Wednesday as investors worried over the state of the US economy. The Nikkei 225 dropped 0.5 percent to 16,764.62, while the Topix index fell 0.2 percent to 1,689.60. The Mothers market of small and mid-caps was 1.2 percent lower to 1,036.58.
Export-focused stocks, which are generally more affected when [...]
Softbank down 6.4 percent in Tokyo
by Elaine FreiStock market declines continued in Japan on Monday, with the Nikkei 225 down 3.3 percent to 16,642.25, beginning with a drop of over 340 points in the first fifteen minutes of the session and ending up 575.68 points lower on the session. The Topix index was also lower, falling 3.4 percent to 1,662.71. The Mothers [...]