BRUSSELS, March 13 (Reuters) - Hungary has proposed beefing
up financial market oversight in the European Union by creating
a new European supervisory institute, EU diplomats said on
Thursday.
EU leaders were meeting in Brussels on Thursday and Friday
with fallout from the global credit squeeze and the need to
improve financial supervision high on [...]
TOKYO, Jan 18 (Reuters) - Japanese Finance Minister Fukushiro
Nukaga told parliament on Friday that the government aims to soon
overhaul the tax system, including the consumption tax.
The government is still committed to its target of balancing
public finances excluding debt issuance and interest payments,
Nukaga said without elaborating.
But with opposition parties holding [...]
(Adds details, background)
ANKARA, Feb 15 (Reuters) - Foreign direct investment inflows
into Turkey reached around $22 billion in 2007, Turkey’s Finance
Minister Kemal Unakitan said in a speech on Friday.
Turkey had set a $25 billion target for FDI last year, but
it had long been clear that it would not [...]
TOKYO (AP) — The Japanese government picked Toshiro Muto, a former finance bureaucrat, as Japan’s next central bank chief Friday, but legislative approval could be testy amid a broader parliamentary face off with the opposition.A delay in Muto’s confirmation would be an embarrassment for Japan on the international stage, reducing investor confidence at a time [...]
Fed-ECB Policy Gaps, Chinese Cash, Homebuilder Stocks: Timshel
Commentary by Michael R. Sesit
Feb. 9 (Bloomberg) — Benito Mussolini is often credited
with making Italys trains run on time. Looking at the disparate
monetary policies being pursued at three of the worlds major
central banks, [...]
The IT
industry is largely export-oriented. The scheme of Internet-enabled common
service centres in rural areas will see tremendous potential in furthering the
domestic market. The penetration of broadband services in rural markets will see
a growth in the IT enabled services in the country. More of IT will mean more
business too.
Subhash
Menon
Founder Chairman, M
D%26amp;CEO, [...]
The
Union Budget for the year 2008-09 has proposed to increase the short-term
capital gains tax. The proposal is to increase the tax from 10 to 15 per cent. A
short-term capital asset means a capital asset held by an assessee for not more
than 12 months prior to its date of transfer. These assets would include equity
and [...]
This
budget represents the Finance Minister’s largesse that brings joy in middle
income households. On the one hand, he increased exemption limits, and on the
other hand, offered higher deduction for certain products.
In its entirety, this is a
people-friendly bonanza that aims to keep every strata of the society happy. The
economy which shows signs of slowing down [...]
By Devidutta Tripathy
MUMBAI (Reuters) - ICICI Bank (ICBK.BO: Quote, Profile, Research) (IBN.N: Quote, Profile, Research) India’s
largest private-sector bank, said investment losses caused by
market turmoil in the wake of the subprime crisis could wipe up
to 9 percent off this year’s profit.
ICICI’s shares dropped more than 9 percent to their [...]
Feldstein on Recession, OPEC, U.S. Debates: Weekend Roundup
Clinton Attacked by Obama and Edwards in New Hampshire Debate
Jan. 6 (Bloomberg) — The following are the main weekend
stories today and yesterday.
Feldstein Says U.S. Recession Is [...]
