India has made it easier to secure to procure construction permits, according to the World Bank report [Xinhua]India has moved up 30 places from the World Bank’s last year’s ease of doing business rankings.
Starting a business in India is now faster, says the World Bank report.
Markets are speculating that Trump will choose a Fed chief who will not upset the current policies of the Federal Reserve [Xinhua]
Emerging markets are hoping that US President Donald Trump will pick a replacement for Federal Reserve chief Janet Yellen, whose term as chair expires in February 2018.
While she will remain on as Fed governor until 2024, and will be one of five candidates for Trump to choose from, economists in emergint markets are betting that Trump could sway toward Fed Governor Jerome Powell, who is seen as being more dovish than Yellen.
Narendra Modi has maintained that he will seek a free-trade pact with the EU [Xinhua]
Italian Prime Minister Paolo Gentiloni arrived in India on Sunday to begin his two-day state visit in which he hopes to boost bilateral political and economic relations.
Gentiloni will meet with Prime Minister Narendra Modi on Monday in talks that are likely to focus on improving ties that have been strained for over five years after two Italian marines shot and killed two Indian fishermen off the coast of Kerala in 2012.
The Medium Term Budget Policy Statement (MTBPS) on 25 October 2017 will be the first time that new Finance Minister Malusi Gigaba will be able to put numbers to his fiscal policy. Since taking over from Pravin Gordhan in April, Gigaba has emphasized that there will be fiscal policy continuity.
South Africa remains a lucrative buy, experts at a local conference said, despite the ratings downgrade. File photo: The Mall of Africa in Midrand, near Johannesburg, South Africa [Xinhua]
Tackling the issue of rising mortgage’s Xi said “houses are for living in, not for speculation”[Xinhua]
The 19th National Congress of the Communist Party of China (CPC) concludes tomorrow following week-long sessions in which President Xi Jinping outlined his priorities for the next five years.
The Communist Party’s 2,000 delegates on Tuesday inserted Xi Jinping “Thought” into its constitution, effectively making the president the most powerful man in China.
File photo: A worker makes a giant lantern in a lantern factory in Zhoucun District of Zibo, east China’s Shandong Province [Xinhua]The world’s second largest economy grew 6.8 per cent year on year in the first three quarters of 2017 to 59.3288 trillion yuan (about $8.9614 trillion), data from China’s National Bureau of Statistics showed Thursday.
The expansion in the third quarter beat market expectations and growth this year is on track to meet the government’s target of 6.5 per cent.
The upcoming 19th CPC National Congress will have to find ways to fast-track economic reform if the country is to maintain a health GDP growth rate
Xi has increased the anti-corruption campaign while also focusing on poverty eradication [Xinhua]
Chinese President Xi Jinping has days ahead of the 19th Communist Party (CPC) National Congress called for greater cooperative work to be carried out with non-Communist parties in the country.
Narendra Modi has maintained that he will seek a free-trade pact with the EU [Xinhua]
Indian Prime Minister Narendra Modi has lauded an agreement reached with the European Union to jointly fight terrorism.
“We agreed on fighting against terrorism together and increasing cooperation towards it,” Modi said following talks with delegations led by European Council President Donald Tusk and European Commission President Jean-Claude Juncker at the 14th annual Indo-EU Summit in Delhi on Saturday.
Asian and emerging markets have adapted to the prospects of the Fed increasing interest rates [Xinhua]
The rising US dollar could be the only thing to marginally offset what looks like a stellar year for emerging markets, analysts said this week.
The dollar was up 0.72 per cent against the Russian ruble at press time, and the South African rand by 0.47 per cent, but down 0.64 per cent against the Brazilian real
Nevertheless, the news remains particularly promising in Brazil and Russia, which have for the past three years suffered from a near-debilitating recession.
The groundwork for the joint train project signed in Tokyo and Kobe was set during Abe’s visit to India in December last year [Xinhua]
Japanese Prime Minister Shinzo Abe visited the Indian state of Gujarat Thursday to join in the ceremony to launch the production of India’s first “bullet train” which will run from the city of Ahmedabad to Mumbai, a 500-km journey.
“My good friend Prime Minister Narendra Modi is a far-sighted leader. He took a decision two years ago to bring high-speed train in India and to create a new India,” Abe said.
