China manufacturing woes continue: PMI index slips below 50 pts

Several measures gauging the manufacturing industry activity are showing discouraging results. The latest manufacturing gauging index slipped below 50, which indicates the deceleration in the manufacturing industry, falling to 49.7 in August.

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Trick or treat? India's strong GDP figures mask economic reality

For Indian business, the government and the central bank, data revisions that have transformed the country's $2.1 trillion economy into one of the world's fastest growing are too good to be true.

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'Zombies' haunt Vietnam's trade bonanza bid

Nguyen Nam owns an engineering services firm in Ho Chi Minh City that pays no taxes nor any salaries. The flip side is it earns no revenue either.

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Property, manufacturing woes help trim China's shadow banking

A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

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China's rate-cut likely to hurt banks, curb new loans to small borrowers

China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

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UAE SMEs to continue hiring pattern for the next six months

In a survey conducted over UAE small and medium enterprises, over 80% would hire more employees in the next six months.

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India plastics duties on imported materials sought revised

Claiming survival of the local industry, the All India Plastics Manufacturers Association has written to the Indian Finance Minister to revise the import duties on plastics.

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HgCapital Acquires E-conomic

HgCapital buys E-conomic, an online accounting company for SMEs.

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Ernst & Young report urges SMEs in Rwanda to embrace private equity financing

Private equity financing can help solve the lack of growth of small and medium-sized enterprises in Rwanda.

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