World Bank projects China's economy to grow 6.7 percent

​Beijing, April 11 (IANS) The World Bank expects the Chinese economy to grow 6.7 percent in 2016, the bank said in a report on Monday. The projection is on par with its last estimate in January. The bank has kept its projection for 2017 at 6.5 percent, Xinhua reported. ...

Direct foreign investment in Abu Dhabi grows by 12 percent

​Abu Dhabi, April 11 (IANS/WAM) The overall growth of foreign direct investment in Abu Dhabi in 2014 grew by 12.8 percent, figures revealed on Monday. The figures came as part of the final findings of the field foreign investment survey carried out by the Statistics Centre - Abu Dhabi (SCAD). ...

UAE's Reem investments posts net profit for 2015

​Abu Dhabi, April 5 (IANS/WAM) Abu Dhabi-based investment company Reem Investments has announced a net profit of $57.4 million for the financial year 2015. The company's board of directors approved the 12 percent cash dividend -- an increase of 20 percent over the 2014 dividend. ...

Reform business tax to stop corporate inversions: Obama

​Washington, April 6 (IANS) US President Barack Obama has called on Congress to reform the business tax system to close the loophole that allows for a financial practice known as corporate inversions. ...

GMR raising $1.5 bn for Nepal hydel project

​Kathmandu, April 5 (IANS) Indian infrastructure major GMR is in talks with global lenders to raise $1.5 billion to develop the 900 MW Upper Karnali hydel project in Nepal. Coordinated by the Investment Board Nepal (IBN), representatives from GMR, the Asian Development Bank (ADB), International Finance Corporation (IFC), International...

Chinese central bank injects $15.4 billion into market

​Beijing, March 31 (IANS) The Chinese central bank on Thursday injected liquidity of $15.4 billion into its financial system to boost lending. The People's Bank of China (PBOC) carried out the operation through seven-day reverse repurchase agreements, or repos, at an interest rate of 2.25 percent, Xinhua news ...

Global real estate market estimated at over $1 tn in 2016

​New Delhi, March 29 (IANS) The global real estate market is pegged to cross $1 trillion in 2016 - 6 percent higher than in 2015 - and India's property sector is likely to benefit out of it too, a survey said on Tuesday. ...

Japan approves record $852 billion budget

​Tokyo, March 29 (IANS) Japan's parliament on Tuesday approved a record $852 billion budget for the next fiscal year which begins on April 1. The upper house approved the budget, which is 0.39 percent higher than the existing budget, with majority support from the ruling Liberal Democratic Party, after the lower ...

Fear of death driving people away from savings

New York, March 28 (IANS) If you are not saving enough for your retirement, you may not be alone. A new study has shown that a large number of people avoid saving for their old age because they are afraid to think of their own death. ...

China's pension fund to flow into stock market

Beijing, March 28 (IANS) China's pension fund may begin investing in the nation's share markets, a move that will channel approximately 600 billion yuan ($92 billion) into the equity market and likely improve its liquidity, the media reported on Monday. ...

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