Knowledge Update

​Washington, April 25 (IANS) In the context of current fears about possible tightening of the US visa regime, the American administration has said that it greatly values investments by Indian companies and wants strong Indo-US economic ties.

​Manila, April 25 (IANS) The Asian Development Bank (ADB) operations exceeded the $30 billion mark for the first time in its 50-year history as regional demand for development finance and knowledge continues to grow, a report said on Tuesday.

Washington, April 24 (IANS) The World Bank and the Asian Infrastructure Investment Bank (AIIB) signed a memorandum of understanding (MoU) here to strengthen cooperation between the two institutions, officials said.

​Washington, April 23 (IANS) The Trump administration is pursuing over 3 per cent economic growth with the support of tax reforms and regulatory relief, US Treasury Secretary Steven Mnuchin has said.

San Francisco, April 19 (IANS) Ahead of the sale of its core internet business to US wireless communications service provider Verizon, Yahoo on Tuesday reported 22.1 percent increase in revenue for the 2017 first quarter ending March.

Tokyo, April 19 (IANS) The Japanese conglomerate Toshiba plans to split most of its main business branches, in addition to its memory chip unit, in order to improve its financial health, media reports said on Wednesday.

​Washington, April 18 (IANS) Citing the impact of demonetisation, the International Monetary Fund (IMF) on Tuesday cut Indias 2017 GDP growth forecast by 0.4 percentage points to 7.2 per cent.

​Tokyo, April 17 (IANS) People who possess a greater understanding of finance tend to accumulate more assets and income during their lifetime, and therefore they are less likely to fret about life in their twilight years, suggests new research.

​Shanghai, April 14 (IANS) The Brics New Development Bank (NDB) has planned to issue bonds twice this year, one denominated in Chinese yuan and the other in Indian rupee, bank's President K.V. Kamath said on Friday.

​Brussels, April 13 (IANS) The International Monetary Fund (IMF) chief Christine Lagarde said the world economy is witnessing a cheerful "spring", but warned "sword of protectionism" would overshadow trade outlook.