BRIC
PH welcomes China fishing ban in Panatag
…show the extent of China’s territorial claim in the South China Sea. Officials also wanted to see if the Chinese ban also covered small islands within the Philippine exclusive economic zone in Luzon. Those are Stewart Bank and Truro Shoal, located west of…
New Corp buys stake in Chinese film group
…film distributor Bona Film Group says it has agreed to sell News Corp a 19.9 per cent equity stake in the company. Financial terms were not disclosed. Under the terms of the agreement, the New York-based media company, which produces and distributes movies,…
India inflation posts surprise 7.23% jump
…numbers, the central bank’s generous rate reduction looked premature, economists said, with India facing potential “stagflation” – a dismal scenario of slowing growth and high inflation. The central bank now has to decide whether to cut rates further to spur…
Emerging Opportunities in the Indian Wealth Management Industry: Market Size, Strategies, Products and Competitive Landscape
…Kotak Mahindra Bank10.3.1 Company overview10.3.2 Business segmentation10.4 AXIS Bank Limited10.4.1 Company overview10.4.2 Business segmentation10.5 Other Private Banks10.5.1 DBS Bank Ltd (India)10.5.2 Deutsche Bank (India)10.5.3 Standard Chartered Bank (India)10.5.4…
STXNEWS LATAM-Brazil’s Votorantim denies bank up for sale-statement
…company that controls Brazil’s Banco Votorantim, said in a statement on Monday that it is “fully committed to its position as a shareholder and to the bank’s future.” Banco do Brasil is considering buying out Banco Votorantim, the third-biggest Brazilian private…
Stocks buoyed by China
…yesterday after China said it would lower the reserve requirement ratio for banks from Friday. Investors were also relieved after Wall Street brushed off a trading loss by JPMorgan. Australian dollar weakness helped, although Europe remained a concern amid…
Vayalar Ravi asks Indian workers in Gulf to avail pension plan
…plans of poor Indians working abroad and has several important features. “Besides providing life insurance cover, the scheme, jointly managed by LIC, UTI and Bank of Baroda, is aimed for workers holding ECR ( Emigration Check Required) passports. It will help…
Oil prices fall Monday on EU zone, China concerns
…Ali al-Naimi said. China’s central bank on the weekend cut the amount of cash banks must hold as reserves, freeing an estimated 400 billion yuan ($63.5 billion) for lending, after data showed the economy weakening, not recovering, from its slowest quarter…
The Chinese lantern is dimming
…we know that Chinese Politburo member Li Keqiang thinks that the official GDP data is ‘for reference only’ — and that if you want to know how fast China is growing you should look at electricity consumption, rail cargo volume and bank lending etc. So today’s…
Russian stock market daily evening report (May 14, 2012, Monday)
…reduction. Russian market dropped within the frames of the global trends. Power energy and metallurgy sectors were among the drop leaders. Market tomorrow.
Chinese president meets ROK president, Japanese PM
…subscribers with news and financial information products in the forms of text, photo, graphics, audio, video, and mobile phone text messages 24 hours a day in eight languages: Chinese, English, French, Russian, Spanish, Arabic, Portuguese and Japanese….
Brazil may oppose Neoenergia, China deal-report
…stake in Brazilian power holding company Neoenergia to China’s State Grid, in a move that faces government opposition in the South American nation, a local newspaper reported on Monday. Iberdrola is discussing a potential sale of Neoenergia with German and…
Views | Indian capex depends on state of global economy
Last Sunday, 70% of Greece’s electorate rejected the budget cutbacks required under a joint European Union/IMF bailout by favoring the parties opposing the bailout. This could possibly result in Greece defaulting and eventually exiting the eurozone. Ther
Moody’s downgrades ratings of 3 Indian banks
…Bank and ICICI Bank Limited — to D+ from C-, to align them to India’s sovereign rating. Life Insurance Corp of India’s (LIC) ratings were also downgraded to Baa3 from Baa2 with a stable outlook. “This revision takes place in the context of an ongoing global…
Indian IT infra market to reach $3 bn by 2016: Gartner
…added. “Though India is in the early stages of cloud adoption, cloud service providers will also be a key contributor to the infrastructure consumption, especially for commodity type, scalable technologies, such as scale out systems and extreme low energy…
Krispy Kreme Signs First Development Agreement In India
…performance or financial condition we express or imply in any forward-looking statements. The words “believe,” “may,” “could,” “will,” “should,” “would,” “anticipate,” “estimate,” “expect,” “intend,” “objective,” “seek,” “strive” or similar words, or the negative…
China Growth to Bottom in Second Quarter: Poll
…19. The People’s Bank of China is expected to deliver the next cut in the RRR in the second quarter and another in the third quarter, according to the median forecast of 22 economists. The cut announced on Saturday frees up an estimated 400 billion yuan ($63.5…
India’s Woes Make China Look Rosy
…are anemic.In China, industrial production has slowed, but remains in positive territory. Inflation is less than half its August 2011 peak.The slow growth-inflation combo leaves India in a trap. The central bank, which just started cutting rates last month…
WEF to open full fledged office in India
…to organise the India summit in various states. E-mail ID will not be published Stay informed on our latest news! Small exporters will be hurt by EEFC changes, but the rupee won’t gain If the intention of forcing exporters to part with half their balances…
China Ceramics Announces First Quarter 2012 Financial Results
…CCCLW, CCCLU) (“China Ceramics” or the “Company”), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced financial results for the first quarter…
