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Knowledge Update

Amid visa row, US says 'greatly value' Indian investments

​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.

ADB lending hits record high

​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.

World Bank to deepen cooperation with AIIB

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.

US pursues 3% growth via tax reforms, regulatory relief

​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.

Yahoo revenue jumps 22% ahead of Verizon deal closing

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.

Toshiba plans to split business to improve financial health

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.

IMF cuts India's 2017 GDP growth to 7.2% citing note ban

​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.

Financial literacy can reduce anxiety about old age

​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.

Brics bank to issue Chinese yuan, Indian rupee bonds

​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.

World economy witnessing 'cheerful spring': IMF chief

​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.