VENTURE CAPITAL POST

The new tax increase raises the taxable portion of capital gains exceeding $250,000 Canadian (US$181,000) from half to two-thirds.

Referring to a call for modernization, the Finance Minister of Ontario revealed on Tuesday the government’s plan to overhaul some of the financial regulatory bodies in the province to create a new watchdog with its center of attention on consumers.

South Africa’s currency has dropped to its four-year low after the news of the country’s finance minister threats of resignation was reported. Finance minister Pravin Gordhan threatens to resign over a spat with Tom Moyane, as the minister demanded the tax commissioner to be dismissed, or he himself would leave.

New South Wales Minister of Trade Stuart Ayres concerns on more needs of venture capital to raise start up business. He also said that venture capital is important, giving example on how US succeeded in using venture capital.

Wolfgang Schaeuble initiated exploratory talks with the chairman of UBS about its stake in Commerzbank.

Sinosteel was in talks with Nigerian ministers for about US$6 million worth investment in Nigerian steel mill.

India's Union Minister of Finance P. Chidambaram went on a four day trip to sell India's investment market.

The benchmark Japanese government bond prices climbed which resulted to a proposed auction of a 30-year debt.

Sindh chief minister urged foreign and local investors to invest in the region's several industries.

India's CPSE was urged by the finance minister to either invest its surplus funds or give to those who will.