China’s New-Economy Shares Beat the Market as Lending Slows

Most stock indexes in Asia were slightly lower Monday, led by a 0.8% drop in the Shanghai Composite Index. Benchmarks in Korea and Taiwan declined 0.2% and 0.1% respectively. The Tokyo market was closed for a public holiday. Monday’s Big Theme Even as Chinese GDP growth holds up, credit and investment data show a continued slowdown—and the sectors More...

by Loknath Das | Published 5 days ago
By Loknath Das On Monday, July 16th, 2018
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China’s Strong Economic Growth Figures Belie Signs of Weakness

The United States has started a trade war with China, and by this autumn it could widen the conflict by hitting another $200 billion in Chinese goods with tariffs.CreditAly Song/Reuters SHANGHAI — On the More...

By Loknath Das On Monday, July 16th, 2018
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Is it time for a post-growth economy?

School children take part in an outdoor class about native Amazon trees in Paragominas, Brazil’s first ‘Green City’, whose progressive policies have stopped illegal deforestation [AP] [Daylife] MORE More...

By Loknath Das On Saturday, June 30th, 2018
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States will get to levy additional taxes on top of 28% GST on petrol, diesel: Sushil Modi

Petrol and diesel, when brought under GST, will involve a peak tax rate of 28%, with additional levy by states, which would keep retail rates at almost the same level as they are currently, deputy chief minister More...

By Loknath Das On Tuesday, June 19th, 2018
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RBI to hike rates again by year-end, August still in play: Poll

The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early More...

By Loknath Das On Monday, May 7th, 2018
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Oil prices reach highest since November 2014 at over $70 per barrel

US oil prices rose above $70 a barrel on Monday for the first time since November 2014 and Brent crude climbed to fresh highs, buoyed as a deepening economic crisis in Venezuela threatened the country’s already More...

By Loknath Das On Friday, April 27th, 2018
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Fitch Holds India’s Sovereign Rating At Lowest Investment Grade

New Delhi: Global credit rating agency Fitch on Friday affirmed India’s sovereign rating at ‘BBB-‘ with ‘stable’ outlook, saying that the country’s medium-term growth potential More...

By Loknath Das On Friday, April 27th, 2018
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Government Collects Rs. 7.41 Lakh Crore From GST In FY18, Says Finance Ministry

New Delhi: The government mobilised Rs. 7.41 lakh crore from the Goods and Services Tax (GST) during 2017-18, according to the finance ministry. The government rolled out the GST regime from July 1 last year. More...

By admin On Wednesday, April 11th, 2018
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How Natural Disasters Can Change the World Economy

Naturaldisasters arein fact nature’s way of revolting against all the abuse it has been subjectedto. It is dangerous, fatal and cannot be contained in any way. What is more, natural disasters cannot be predicted More...

By Loknath Das On Thursday, March 29th, 2018
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Snap lays off 100 employees in latest round of downsizing

Snap Inc. is cutting another set of employees, focusing this time on the advertising side of the business after earlier trimming staff in engineering and content. The cuts total around 100 workers, according to More...