According to two officials with direct knowledge of the matter at hand, the Indian government is planning on bringing a new law to safeguard foreign investment in the country, by speeding up dispute resolutions. In the initial 40-page draft by… Read More ›
finance ministry
China to lower import tariffs on select products from January 1, 2020
In a statement, China’s finance ministry stated, it will lower tariffs on products ranging from avocado, and frozen pork to some type of semiconductors in 2020. In the coming year, Beijing is scheduled to lower import tariffs, which are lower… Read More ›
Japan to increase scrutiny on foreign ownership of Japanese firms
Japan is taking steps to improve the monitoring of the ownership of its companies in industries which it considers as critical to its national security. According to two officials with knowledge of the matter at hand, Japanese officials are considering… Read More ›
World’s largest sovereign wealth fund should increase exposure to North Americans markets
Norway’s central bank is advocating a significant change in strategy in the way the Government Pension Fund Global, the world’s largest sovereign wealth fund, operates. According to fund manager of Norway’s $1 trillion sovereign wealth fund, which happens to be… Read More ›
EU members states to decide on consensus candidate for IMF
EU members will decide today on who will represent the block at the IMF. On Friday, European Union member states are set to vote on who will represent the bloc in the International Monetary Fund following a missed opportunity to… Read More ›
China’s mammoth’s to 303% of its GDP
China is not only loading up economies partnering in its Belt and Road project with an unsustainable pile of debt, back at home it is also struggling to stay afloat from a surging tsunami of debt which has now breached… Read More ›
Norway allows Euronext to acquire majority stake in Oslo Bors VPS
The development essentially being closure to the five-month battle between Euronext and Nasdaq for ownership of the Norwegian stock market operator. In a development that essentially confirms a statement by Euronext, Norway’s finance ministry has stated it will allow Euronext’s… Read More ›
Asian Development Bank to lend $1 billion to Indonesia
The $1 billion loan is separate from the June 2018 $1 billion in credit ADB had approved for Indonesia to support fiscal reforms and promote investments. On Tuesday, an official from Indonesia’s finance ministry stated, the Asian Development Bank (ADB)… Read More ›
UK & EU secure RBS with a $1.1 billion deal
The deal brings a finality to the issue related to the spin-off of RBS’ banking division that has been dogging it since years. The European Commission has concurred with a British government plan that frees the Royal Bank of Scotland… Read More ›