Foreign investors appear to be back with a bang in Indian markets and pumped in dollars leading to a massive USD 4.262 billion jump in the country's foreign exchange reserves in the week to March 20. Reserve Bank of India said forex reserves rose to USD 339.99 billion, a new . . . Read more »
Fresh from an endorsement by US President Barack Obama, India's motorcycle manufacturer Royal Enfield announced it was speeding up expansion and production to meet booming demand for its British-origin bikes. . . . Read more »
Global international tourist numbers exceeded 1.1 billion in 2014, an increase of 4.7 Per cent on the previous year, according to the UN. The Americas and Asia saw the strongest growth in international visitor . . . Read more »
Saudi Arabia's oil minister, Ali al-Naimi, has said oil producers' cartel Opec will not cut production even if the price falls to USD 20 a barrel. His comments reinforce Opec's recent policy change away from restricting output as prices fall. . . . Read more »
China's central bank unexpectedly slashed interest rates on 21st November, Friday, to re-energize the world's second largest economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. . . . Read more »
Singapore has been ranked the best country to do business for a ninth consecutive year, according to an annual survey by the World Bank. New Zealand came second and Hong Kong third in the . . . Read more »
The Obama administration cracked down Monday, 22nd September, on certain overseas corporate mergers and acquisitions, aiming to curb American companies from shifting their ownership abroad to shirk paying US . . . Read more »
