India to face slowdown

Note: This section contains information in English only.
Source: Bloomberg
India, the third largest economy in Asia, faced a significant growth slowdown in the first quarter of the year. Indian Rupee has appreciated against USD by 0.6% yesterday after 12-month downfall. This harmed the costs of import as the Bombay Sensitive 30 index instantly rose by 0.1%. GDP climbed by 5.3%, which is the lowest indicator since 2003, whereas trade deficit increased to record high to USD 184.9 billion.
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Fri, 29 Jun 2012 16:10:25 GMT

New developing business zone in China

China disclosed details about planning USD 45 billion project, a business zone in southern Shenzhen similar to New York and London. China will provide investors and entrepreneurs with favorable business conditions, such as preferential tax rates and growth opportunities. The area will be developed during the following 8 years and mainly serve offshore Yuan dealings. China seeks internationalization of Yuan accomplished by

Fri, 29 Jun 2012 15:48:25 GMT

Hang Seng index jumps 2% as EU leaders reach a consensus

Hang Seng Index soared 2.19% or 416.19 points to 19,441.46 on Friday as market participants turned to riskier assets after the EU leaders agreed to ease borrowing conditions for Spain. A fall in industrial profits in May restricted gains of oil and gas sector. China Life Insurance and Citic Securities led rally for insurers and brokerage firms on speculation that

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