An Indian government panel tasked with revising the nation’s consumer price index is considering a substantial cut in the weighting of food, according to a person familiar with the matter, a move that ...
China, Saudi, UAE Agree To Roll Over Pak’s $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout ...
India swap market traders expect hike in foreign investment limit, treasury officials say
Traders in India's derivative market expect an increase in the transaction limit for foreign investors in overnight index swaps (OIS), which four treasury officials said could come as part of the ...
India evacuates non-essential staff from its embassy, consulates in Bangladesh, Indian official sources say
India has evacuated all non-essential staff and their families from its embassy and consulates in neighbouring Bangladesh, two Indian government sources said on Wednesday, after weeks of unrest forced ...
Indonesia clinches two silver, two bronze medals in IEO
The Indonesian team bagged two silver medals and two bronze medals in the International Economics Olympiad (IEO) held in Hong Kong on July 22-31, ...
India has pushed hard for solar. But as its billions demand more power, coal always gets the call
India has been significantly increasing its renewable energy capacity in recent years, but when demand for electricity surges, it still goes back to its most trusted source of power.
Investor files liquidation petition in China against Evergrande unit
An investor has filed a petition to a court in China to liquidate a major unit of the heavily indebted property developer China Evergrande, according to a stock filing by the petitioner on Wednesday. ( read original story ...)
China’s mounting bad debts have fewer places to go
Tackling China's $470 billion bad debt pile is getting harder. China Bohai Bank , which is 16%-owned by Standard Chartered , recently said it's selling non-performing assets worth $4 billion. It ... ( read original story ...)
China cities rush to lure homebuyers with sweeteners, price cuts
Local governments stepping up efforts to revive property demand as slump deepens. Read more at straitstimes.com. ( read original story ...)
Education, e-commerce part of China’s services game plan to spur domestic consumption
Both industries faced strict government regulation in recent years. Chinese leaders have indicated consumers will be the target of stimulus measures to reach this year’s economic growth target.