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Asia/Pacific

Indian Currency Rupees Notes

Global funds bullish on Indian Rupee sovereign bonds

Indian Rupee sovereign bonds are favorite among some global funds. India's high performing debt fund managers are predicting further gains from sovereign bonds as benchmark notes heading towards their best March returns in 13 years.

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INDIA-ECONOMY-INDUSTRY

‘India-China Business & Investment Summit’ Glorifies The ‘Make In India’ Campaign

Seven day lingering summit of the ‘India-China Business & Investment Forum’ has been kicked off on Sunday while highlighting the ‘Make In India’ campaign. More than 20 Indian firms have participated in the summit. Meanwhile, four CEOs from Chinese companies already invested in India, have urged the Chinese investors to avail of the Indian government offered investment opportunities.

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Shanghai Disneyland Park Sales Ticket

Shanghai Disneyland Opening Day Tickets Sale Is A Blockbuster!

It's a record for Shanghai Disneyland as its June 16 opening day tickets became sold out after a few hours of selling. Discounts await children, seniors and guests with disabilities including those who will purchase for a two-day event.

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Philippine Central Bank Governor Amando Tetangco

Key Challenges in Philippine's Trade and Investment Sectors

Nordic Business Council Philippines (NBCP) issued its 2016 annual report on Philippine and challenges in the trade and investment sectors. Meanwhile the Central Bank expected a strong growth in the economy.

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CHINA-H1 GDP-GROWTH (CN)

Chinese Production Sector Reports The Highest Growth Since July 2014

Chinese production sector has been witnessed to go through the weakest growth due to reduction in demands and historic low iron ore and crude oil prices. Following the stimulus measures adopted by the Chinese premier, the industrial profits have been revamped to record the highest growth during January and February since July 2014.

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JAPAN-BANK-ECONOMY-BOJ

Japan gears up for fintech revolution

Japan is planning big for exploring 'fintech' (financial technology) segment. The world's third largest economy has decided to ease restrictions on investment in the fintech sector. After the proposed Bill is cleared by Japan's Parliament, banks can have 100 percent holding in non-finance related firms.

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PM Abe Attends National Defense Academy Graduation Ceremony

Support For Shinzo Abe’s Stimulus Package on Spending Measures Rises

Japanese economy has been witnessed to go through sluggish growth rate. To boost up the economic growth, Prime Minister Shinzo Abe has been planning for announcing a stimulus package of new spending measures. Meanwhile, a Nikkei Inc./ TV Tokyo conducted poll shows that support for Abe’s economic reforms has been witnessed to rise by 8% to 55%.

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Oil Palm Fruit

El Niño Hurts Malaysia's Palm Oil Output

Due to the continuing harmful effects of El Niño, Malaysia's palm oil production has been greatly affected reducing output by millions of metric tons.

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Samsung China Semiconductor's Ground Breaking Ceremony

China to make inroads into global chip making

China is planning to become a major force in the global semiconductor segment. State-run XMC is setting up a major $24-billion semiconductor project in association with a US company.

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F1 Grand Prix of USA - Practice

Vijay Mallya Steps Down As Sanofi India Chairman

Vijay Mallya announcement his retirement as Sanofi India Chairman and wishes not to be elected anymore. He said that he wants to spend more time in England where his children stay.

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Workers Harvest Sugar Cane

The World is Facing Sugar Shortage Until at Least 2017, Caused by El Niño

El Niño is hitting on cane productions especially in Asia, leading to a global shortage and the rise in prices. This would be the first year of sugar shortage after years of surplus. The shortage is projected to be prolonged to at least next year.

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PetroChina Co. President Wang Dongjin Attends Earnings News Conference

PetrChina To Cut Production Following 67% Decrease In Profit Earnings During 2015

PetroChina has announced its earnings, forecasts and future planning for cutting down production on Wednesday in Hong Kong. Around 67% decrease in net profit and 12-year low oil price has apparently prompted the oil and gas company to reduce output by 2.7%.

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Mitsui & Co. Chief Executive Officer Tatsuo Yasunaga Interview

Mitsui Forecasts ¥64 Earnings Per Share Despite Possibility For Incurring Net Annual Loss

Markets of iron ore and gas have been hit hard due to over supply and decreasing demand and Japanese trading house Mitsui & Co. also follow trait. The Japanese trading house is going to embrace loss for the first time since its establishment in current form in 1947.

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U.S. Stocks Fluctuate As Commodity Shares Surge, Tech Declines

Some US energy chiefs make more cash amid oil turmoil

Contrary to a notion that oil rout is impacting everyone in the industry, there are few bosses at energy companies making more money based on their performance. Few top managers are excelling in meeting targets and getting hefty paychecks.

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Vice President Biden And NY Gov. Andrew Cuomo Deliver Remarks On Economy

Bangladesh Bank Mulls For Lawsuit Against New York Fed

The Federal Reserve Bank of New York has denied any responsibility over the $81 million cyber heist from the current account of Bangladesh Bank. But a BB audit report observes NY Fed responsible since it implemented five payments instructions out of thirty five leaving many questions behind. Following the internal report BB is getting prepared to file lawsuit against Fed.

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