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Asia/Pacific

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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Australian Prime Minister Malcolm Turnbull Delivers Lecture At The Lowy Institute

Talbot expands Australian presence, strengthens financial team

Talbot Underwriting Ltd is spreading its footprint of financial lines business in Australia. Talbot Underwriting, a wholly-owned subsidiary of Validus Holdings Ltd, has appointed David McKenzie and David Jones as class underwriters at its financial lines team.

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Billionaire Gina Rinehart Hosts Tour of Roy Hill Iron Ore Mine Construction

Iron Ore Climbs as China Property Market Recover

Price of iron ore rallies as China's property market showed further sign of recovery. Surge in the price of iron ore also correlated with increase in steel futures.

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General Images of Cotton Harvesting

India's NCDEX imposes spl margins on Kapas

India's National Commodities and Derivatives Exchange (NCDEX) has imposed special margins in Kapas contracts. Kapas prices fell over seven percent during the past fortnight. NCDEX has taken the decision to check further fall in Kapas contracts.

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US-FINANCE-FORUM

OPIC Sanctions $421 Million Debt Financing To India’s Solar And Internet Projects

OPIC, a US private development finance institution has extended support to India to build a low carbon economy and expand the internet infrastructure. It has sanctioned $421 million for India’s solar and development projects. The OPIC finance will exert its impact upon lives across the developing world while transforming focus from Southeast Asia to India.

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Reserve Bank Of India Governor Rajan Unveils Interest-Rate Decision

ICRA foresees 7.7% growth for India in 2016-17

Rating agency ICRA forecasts India's gross domestic product (GDP) growth rate at 7.7 percent for next financial year 2016-17. The rating agency cites reasons for GDP growth rate to the implementation of 7th Pay Commission, OROP recommendations and domestic consumption.

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China's Central Bank Governor Zhou Xiaochuan News Conference

Chinese Central Bank Governor Warns Over Rising Debt Levels

The Chinese central bank governor has warned over rising debt levels. To tackle the abnormal situation, the central bank feels necessity for promulgation of regulation guarding excessive leverage in foreign currencies. Meanwhile, the Chinese government vows to respond according to the call of time.

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Images Of Gold Sales In Zaveri Bazaar As Gold Demand Set To Fall

Gold below $1,250/oz on profit booking

Profit booking pulled yellow metal on Monday below psychological mark-$1,250 an ounce. Gold price fell for four weeks in the past five weeks.

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Haft-Sin Table

Ancient Persian's New Year was Celebrated on Sunday

Nowruz is the day of vernal equinox that marks the beginning of spring in the Northern Hemisphere. A ancient Persian celebration which dated back in the Zoroastrian tradition was celebrated on Sunday.

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General Economy As China Eases Fiscal Stance to Meet Slower Growth Target for 2016

China's consumers spending rise on spas, travel, entertainment

Chinese consumers are spending more on spa visits, travel and entertainment as income levels are on upward movement. The consumer spending is expected rise 10 percent annually for the next decade.

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Marijuana Growing At Los Suenos Farms As Colorado's $1-Billion Pot Industry Saves Towns

New Zealand Suffers Acute Shortage of Marijuana: 42% Aged Kiwis Familiar With Smoking Weed

Use of cannabis is very common in the island state of New Zealand. Around 42% of all aged Kiwis have reportedly tried the most popular but illegal substance. However, the island nation is going through acute shortage of weed due to drought, flood and intervention from the law enforcers.

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Profile Of Chairman UB Group And   Kingfisher Airlines Vijay Mallya

Vijay Mallya's Kingfisher House Auctioned at Rs 150 Crore Base Price

Vijay Mallya's Kingfisher's House is in auction with a base price fixed at Rs 150 crore. A consortium of SBI led the auction where interest buyers will bid online. Lenders are optimistic that the said e-auction will generate huge amount to suffice the amount to pay for the loans granted to Kingfisher Airlines and other debts.

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JAPAN-TRADE-ECONOMY

Yen rise deflates value of Japan's exports to US

The strengthening of Yen is eroding the value of Japan's exports to the US. Its overall exports volume was flat, while the value declined over four percent owing to rising Yen.

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Reserve Bank of New Zealand Governor Graeme Wheeler News Conference

New Zealand's GDP growth rate beats forecasts

New Zealand's economy growth rate was higher than the forecasts for last quarter of 2015. Led by business services, retail, accommodation and construction sectors, the country's gross domestic product (GDP) surpassed the forecasts made by Reuters and Reserve Bank. But, the overall growth eased to 2.3 percent in 2015 from 4.1 percent in 2014.

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