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U.S. Stocks Track Chinese Rebound as Oil Slips Amid Output Deal

Broadridge picks stake in AMA Partners

NYSE-listed Broadridge Financial Solutions has invested in AMA Partners, BV (AMA). By taking minority stake in AMA Partners, Broadridge will expand its corporate governance solution in Europe.

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Prime Minister Prayuth Chan-Ocha Visits The Stock Exchange Of Thailand

Defying Sluggish Export Growth, Thai Economy Grown Faster In 2015, Predicted To Grow More In 2016

Thai economy has reportedly grown 2.8% in 2015 while expected to grow by 2.8%-3.8% during 2016. The military ruler is about to loss support from the middle class segments due to sluggish economic growth. However, the growth in foreign investment portfolio brings some hope for the military ruler to boost up the economy.

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2016 North American International Auto Show

US-Cuba Bilateral Relations Expected To Boost Up With Resumption of Commercial Flights After 50 Years

Anthony Foxx is expected to sign a deal in Havana on Tuesday. The deal will allow resumption of commercial flights between the two countries. All the major airlines are expected to take part in the bidding of commercial flights towards different destinations of Cuba.

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CANADA-UN-TRUDEAU-BAN

Fading economy could put Canada to $90 billion scarcity: study

The present government of Canada is experiencing a series of scarcity in the budget, which could reach $90 billion over the mandate period of four years. The struggling Liberal government needs to insert a minimum of C$50 billion into Canada's fading economy to assist the nation to sustain the fall in oil prices.

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Indonesian President Joko Widodo Visits China

Indonesian Government Will Allow Foreign Capital on More Sectors

The changes are part of the government's economic stimulus package, expected to boost the country's economic growth and create job openings. Indonesia's new regulations on investment would loosen current restrictions on foreign investments in various sectors, including e-commerce, retail and healthcare.

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President Barack Obama lays out his budget plan in a speech at George Washington university in Washington, DC.

Obama Administration's 2017 Budget More Than $4 Trillion

US President Barrack Obama has finally disclosed the 2017 US budget details. Never to shy away from what he deems right, even in the last year of presidency, he has included his long-term liberal plans that have been widely criticized by the Congress. The highlighted ones are his global climate change initiative, fee levied on crude oil, and enhanced medical care for cancer patients and drug addicts.

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CHINA-ECONOMY-FOREX

China's foreign exchange stocks decline to trillions

China's foreign exchange reserves had declined reaching to trillions. However, the government made efforts to support the local currency from dropping further.

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ETHIOPIA-DROUGHT-AID-UN

Public spending propels Africa's fastest growing economy Ethiopia

The east African nation Ethiopia is poised to grow at 8.1 percent in 2016 from 8.7 percent growth in 2015. This makes Ethiopia a fastest growing nation in the world. The government spending on infrastructure projects is mainly driving the economy growth.

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 Japan Adopts Negative-Rate Strategy to Aid Weakening Economy

Yen Falters Against Stronger Dollar, BoJ’s Further Rate Slashing Attempts May Go In Vain

US Dollar has been witnessed to gain some value against yen in both Tokyo and Japan on Monday. The appreciation of dollar has taken place due to BoJ’s surprise move for slashing the interest rate to (-) 0.1%. Even BoJ Governor has hinted further rate slashing events, if situation demands. But economists have referred the attempt as an attraction drawing stance aiming to prevent yen from rising to boost up the sluggish economic growth.

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Policemen and a police dog walk on patrol

21 people arrested in China over online scam reaching 50 bln yuan from investors

21 people were arrested by the Chinese police on account of a huge online financial scam. The P2P online lender Ezubao had almost pulled off the biggest scam in wealth management product industry, with almost 900,000 investors losing around $7.6 billion (50 billion yuan).

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US-ECONOMY-BANK

The Fed Will Stress Test U.S. Banks to Ensure Their Resilience

Federal Reserve Bank will issue a much tougher annual stress test this year. The test aims to prevent recurrence of 2008 crisis, analyzing resilience of 33 large U.S. banks against the worse-case hypothetical scenario..

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MALAYSIA-ECONOMY-BUDGET-NAJIB

Malaysia reduces growth forecast due to plunge in oil prices

Malaysia has trimmed its growth forecast mainly due to plunging oil prices. A miscalculated assumption has messed up the 2016 budget, which has the government groping for damage-control measures. One of the key outcomes were increasing the household spending of the country, which can give the sluggish economy a much-needed boost.

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U.S. President Barack Obama Meets With President Raul Castro Of Cuba

Obama administration now less strict on US trade embargo, can now sell to Cuba on credit and export

President Obama has rolled out a new set of regulations that lifts the Cuban trade embargo to a certain extent. The relaxed rules allow easy facilitation of trade, travel and finance between the two governments, a move taken to end the age-old cold war between them. While the embargo cannot be lifted completely unless Congress gives their consent, the Obama administration is convinced that this is a step in the right direction for improving the condition of the island.

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U.S. President Barack Obama Meets With President Raul Castro Of Cuba

Cuba and United States continue to improve its relation

The Barack Obama administration announced more restriction lift on Cuba thus helping to improve the country's economy. The restriction lift will allow film shooting, travelling access and also a direct trade with the state run enterprise there.

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CHINA-BEIJING-XI JINPING-POLITICAL BUREAU MEETING (CN)

Future Land Development Chair Wang Zhenhua Faces Probe Under China’s Anti Corruption Drive

Future Land Development shares have witnessed a fall of around 14% and appear to be the lowest since September 7. Meanwhile, Moody’s has changed outlook on the business to negative from stable on Monday. Fearing further price falling, the company has arranged suspension of its shares listed in the Hong Kong and Shanghai Stock Exchange.

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