China is set to boost local debt swap by admitting municipal bonds as collateral for borrowing. Under the new rule, banks can pledge municipal bonds as collaterals in the central bank's repurchase agreement operations and other liquidity ...
The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels, it has become increasingly difficult for diamantaires to turn a ...
Tags: diamond market, diamond industry
Mercedes-Benz has made changes to its G-Class models which will now offer around 16% more power and lower fuel consumption. All engines in the class will be compliant with Euro 6 emission standards and feature a new suspension setup ...
Tags: Mercedes-Benz, G-Class models
After a booming year, the bull run of China's stock market is expected to continue, boosted by economic and financial reforms in addition to easing measures. China's stock market has soared over the past year, even as the world's second ...
Tags: Stock Market, financial reforms
More steps necessary to reverse trend, says government think tank China may need more time to reverse the current economic downturn than previously expected, and further measures are necessary to prevent an accelerated cooling, a leading ...
Tags: economic downturn, China economy
The total value of yuan-denominated bonds issued in China in the first quarter of the year reached 3 trillion yuan ($490 billion), up 39 percent from a year earlier, the central bank said on Monday. Of the bonds issued during the period, ...
China's central bank said yesterday it would cut the level of funds commercial banks must hold in reserve by 1 percentage point, the second such move this year to boost lending.The move, effective today, comes after the world’s second ...
Knitwear exports from Tirupur cluster have registered a growth of 15.5 per cent in terms of rupee and 15.9 per cent in terms of foreign currencies during the just ended 2014-15 financial, according to a press statement issued by Tirupur ...
Tags: Knitwear exports, Tirupur cluster
The company has developed a sophisticated payment platform, offering instant payment services towards its customers. While having also developed partnerships with many international banks, BTCGaw is able to provide online automatic and ...
Tags: alternative currency markets, system, Lights
Kishore Biyani led Future Retail said it has raised Rs 600 crore through an issue of non-convertible debentures (NCDs) on private placement basis. In a BSE filing, Future Retail said, "The committee of directors has considered, ...
Tags: BSE filing, Apparel
G-III Apparel Group, Ltd. announced that its board of directors has approved a two-for-one-stock split of the company’s common stock to be paid as a stock dividend. Stockholders of record as of the close of business on April 20, 2015 ...
Tags: G-III Apparel Group, leading manufacturer, Sporting Goods
Exporters from select labour intensive sectors will be able to access cheaper credit soon as the government prepares to reintroduce an interest subvention scheme in the next couple of months, according to media reports. “The ...
Tags: select labour intensive sectors, interest subvention scheme, Textile
Move is precursor to further liberalization of interest rate system An insurance system for bank deposits will start on May 1, a step toward scrapping remaining controls on interest rates and allowing lenders to fail in a more ...
Tags: Bank Deposit, Deposit Insurance
Saudi Arabia-based dairy food company Almarai is looking to acquire confectioner Rashidi El-Mizan and dairy firm Dina Farms, as well as planning to invest $500m towards the expansion of its current projects in Egypt. The investment ...
Two investment funds KKR and CVC Capital Partners have emerged as top bidders for Pivovarna Lasko, a Slovenian brewery. Three other bidders - Mid Europa Partners, Bain Capital and Dutch brewer Heineken - were urged to submit improvised ...