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Asia/Pacific

orld Leaders Gather For Nuclear Security Summit

US investments in India outpacing China

Investments from the US surpassed China ever since Narendra Modi became Prime Minister of India in May 2014. The encouraging economy growth is the prime reason for robust US investments in India.

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Key Speakers at the WEF India Economic Summit

$23-bln investment makes Reliance Jio the world's largest startup

India's largest private industrial conglomerate Reliance Industries Ltd (RIL) has announced that its telecom venture Jio is the world's biggest startup with an estimated investment of INR 150,000 ($23 billion). A soft launch of Reliance Jio is expected in April 2016.

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A girl is withdrawing money from an ATM. After a five-month...

NIFA Acknowledges China Rapid Finance As Founder Member

China Rapid Finance has been acknowledged as the founder member of NIFA. The recognition will enable CRF to work for publishing rules and regulations in developing self-disciplined online lending marketplace in China. CRF expects the official release of such rules and regulations will exert positive impact and eventually confirm the industrial development .

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The logo CITI on the facade of a modern building. Citigroup...

Citigroup Study Report Suggests 30% Job Cuts In US Banking Industry By 2025

To tackle volatility in the US banking market, regulators are enacting new laws time to time directing to absorb new technologies. Adoption of automated technologies coupled with aggression by fintech startups. A recent Citigroup study predicts that US banking sector may witness 30% job cutts by 2025.

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Indian Parliament Budget Session 2016

India's EPFO to offer interest on inoperative accounts

Employees in India will earn interest on inoperative accounts from new financial year beginning from April 2016. Employees' Provident Fund Organization (EPFO) has taken a decision to offer benefit of accrual of interest on inoperative accounts.

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ISRAEL-POLITICS-ELECTION-ECONOMY-KAHLON

Knesset Affixes Maximum Ceiling of Exec Pay In FIs Aiming To Reduce Wage Disparity

Knesset has passed a bill that fixes maximum ceiling of executives in the financial institutions with no opposition. The bill turned law aims to reduce wage gap. However, a similar attempt in the US has backfired since the revised law allows exemptions for extraordinary performances.

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Union Finance Minister Arun Jaitley Addresses A Press Conference At BJP HQ

India's FM voices rate cut ahead of RBI policy review

Arun Jaitley, India's Finance Minister, has voiced for a possible interest rate cut ahead of Reserve Bank of India's (RBI) review meeting next week, while focusing on controlling fiscal deficit. The Centre has already slashed interest rate on small savings making more conducive weather for lending rate cut.

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Key Speakers At Boao Forum For Asia Annual Conference

Prime Minister Li Keqiang is Optimist for China's Economic Recovery

In the annual Boao Forum for Asia (BFA) last Thursday, Premier Li Keqiang deliver keynote speech. He pledged the government will refrain to intervene in economic and market.

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Association of Southeast Asian Nations (ASEAN) Summit 2014

US Seeks to Strengthen Economic Relationship with ASEAN to Counter China

As China has increased its influence in Southeast Asia, U.S. stepped in. United States plan to match China in rebalancing Asia by increasing partnership with ASEAN.

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Ecommerce Shipment

India Announces Guidelines For Online Market Places Allowing 100% FDI

Indian finance ministry has issued a new set of guidelines for regulating the online market places. The guidelines also include definition of ‘ecommerce’, ‘inventory based model’ and ‘market place model’ to bring clarity in this sector. However, clarity in segmentation of ecommerce business has been applauded by the analysts.

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 Milken Institute Shaping The Future 2010 Global Conference

Nexus Venture Partners Recognizes KG Subramanian’s Contribution While Promoting As MD

KG Subramanian has been promoted as the Managing Director for the Finance and Operations unit of Nexus Venture Partners. The chartered accountant has been serving NVP for the last fourteen years. The promotion appears to be recognition of his contribution which has been echoed from Naren Gupta, co-founder and managing director of Nexus Venture Partners.

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People walk at the Ayala Center in Manil

Philippine Business Group Ayala Intends To Manufacture Local Car Brand With Spare Parts

Ayala Corporation, the largest business group by assets in the Philippines has already acquired certain stake in the automotive industry through IMI. Now, the conglomerate eyes to expand its dominance over the industry in line with a comprehensive program naming CARS. With support from the program, Ayala will go for manufacturing local car brand along with spare parts production facility.

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Paris Games Week 2015 At Porte de Versailles In Paris

Ubisoft Managing Director Noticed Trust Established by Filipinos in Ubisoft Singapore, Expands Studios to the Philippines

Game developer Ubisoft is expanding its business to the Philippines and will be named Ubisoft Philippines. It will be headquartered in Sta. Rosa, Laguna which is a great geographical site. One reason for the move is the trust established by Filipino employees led by manager Chip Go that was being noticed by Ubisoft Managing Director Oliver de Rotalier.

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The Samsung Studio At SXSW 2016

Samsung Pay Is Now Available In China

Samsung Pay has launched today in China trying to get a better position from its rival, Apple Pay and Alipay. Shoppers who use Samsung smartphones compatible with the company's newly launched mobile payment service will be able to pay for their purchases even without using a debit or credit card.

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CHINA-AUSTRALIA-DIPLOMACY

Chinese economic revolution pushing demand for Australian economy

The growing Chinese demand is boosting Australia’s food, health, tourism and education sectors. The economy transitions in dragon country from infrastructure investment to consumption-led growth is showing up all over Australia.

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