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India's Wholesale Price Inflation Slows In June
INDIA, 2017/07/15 India's wholesale price inflation eased additional than expected in June, data from the Ministry of Commerce & Industry showed Friday. Wholesale prices increased 0.9 % year-on-year in June, slower than the 2.17 % rise in May. Inflation was estimate to relieve moderately to 1.39 %. Build up inflation rate in the financial year so far was -0.44 % compared to a build up rate of 3.71 % in the corresponding period of the previous year. -
Prepare for the long haul in India’s GST roll-out
INDIA, 2017/07/01 India faces an uphill battle before it will have an efficiently operating Goods and Services Tax (GST). Besides confusion over the applicable rate for certain products part retailers, service sector companies as well face the daunting prospect of having to transaction with not just the Union but as well 29 other national tax administrations, each with its own norms and distinct attitude towards rent seeking. Prime Minister Narendra Modi has reportedly spent hours reviewing the country’s preparedness for the 1 July roll-out of the new uniform tax. But some confusion is bound to remain and will be have to be dealt with as it arises. -
china Mainland sees 4.3% fall in FDI in April
CHINA, 2017/06/20 FOREIGN direct investment in the Chinese mainland retreated mildly from a year ago in April, data from the Ministry of Commerce showed yesterday. The FDI fell 4.3 % from a year before to 59.91 billion yuan (US$8.7 billion) in April, in contrast to a 6.7 % increase in March, said a statement posted on the ministry’s website. Last month saw 3,343 new foreign-funded enterprises set up on the mainland, up 42.7 % year on year. -
Yuan strengthens to almost 7-month high
CHINA, 2017/06/20 THE yuan surged to a near seven-month high yesterday, following news that China was mulling a new yuan pricing formula to enhance stability. Spot yuan strengthened through 6.8 per US dollar for the initial time since November 11 in early trade before retreating and settled at 6.8061 by the close of trade in China. The 4:30pm settlement price was still nearly 0.2 % firmer than the previous late session close. -
Asian energy firms fired up by rally in oil prices
HONG KONG, 2017/06/02 Oil prices pressed on with fresh gains in Asian trade on Tuesday, boosting energy firms, next Russia and Saudi Arabia indicated they could extend an output cut into next year. The world's top two crude-producing nations raised the idea at the weekend, with a transaction agreed between OPEC — of which Saudi Arabia is the key player — and Russia coming to an end in six weeks. The news sent oil prices soaring about 2 % on Monday, in turn dragging world energy firms with them. -
North American FDI into China continues to fall
UNITED STATES, 2017/05/11 North American investment into China is following a downward trend that began in 2013. James Whitten reports. Greenfield investment monitor fDi Markets has recorded a year-on-year decline of FDI from North America into China between 2013 and 2016. China is consistently the majority popular destination in the Asia-Pacific region for receiving North American investment . It accounted for 23.73% of capital investment in the 2013 to 2016 period from US and Canadian businesses. Further, China is North America’s second most popular destination for foreign investment projects globally, behind only the UK, and has received the majority capital investment (9.18% of North America’s total outward capital investment ). -
New tax havens surface for Indian funds
INDIA, 2017/05/11 France and the Netherlands are part those nations to benefit from changes to India’s tax rules. N Chandra Mohan reports. Next India renxegotiated its tax treaties with Mauritius and Singapore, which account for one-third of foreign portfolio inflows into the country, investments in Indian securities by entities based in these havens are to incur a short-term capital gains tax of 7.5% which began April 1, 2017. The chance has shifted to jurisdictions such as France and the Netherlands, which do not tax such transactions. Indeed, additional than 50 foreign portfolio investors (FPIs), inclunding the likes of JPMorgan, Morgan Stanley and Sweden’s SKB, are relocating to these friendlier tax havens according to the Business Standard. -
Moody's Says Geopolitical Risk For Korea Broadens
SOUTH KOREA, 2017/05/03 Moody's Investors Service said the escalation of tensions between the North Korean regime and the new US government broadens the nature of geopolitical risk for South Korea, which is the majority salient event risk for the sovereign and a constraint on the rating. A further sustained escalation of tensions would affect Korea's economic and fiscal strength negatively. -
Asian Markets In Positive Territory
AUSTRALIA, 2017/05/03 Asian stock markets are in positive territory on Wednesday, following the overnight gains on Wall Street amid upbeat corporate earnings results and on optimism as U.S. President Donald Trump is expected to unveil a tax plan later in the day. The Australian market, which was closed on Tuesday for the Anzac Day holiday, is rising following the positive lead overnight from Wall Street. In late-morning trades, the benchmark S&P/ASX 200 Index is adding 45.90 points or 0.78 % to 5,917.70, off a high of 5,923.90 before. The broader All Ordinaries Index is up 41.50 points or 0.70 % to 5,942.20. -
Japan Manufacturing PMI Climbs To 52.8 - Nikkei
JAPAN, 2017/04/21 The manufacturing sector in Japan continued to expand in April, the new survey from Nikkei showed on Friday with a manufacturing PMI score of 52.8. That's up from 52.4 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
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