Indian finance minister says currency panic “unwarranted”

Economists are concerned that the US Federal Reserve will begin winding down its bond-buying scheme, which has helped fuel an investment splurge in Asia’s emerging markets. Since June 1 — after the US Fed signalled a tapering of its stimulus — overseas funds have pulled out nearly US$12 billion from India’s stock and debt markets. The Reserve Bank of India (RBI) and the government have been trying to stabilise the rupee for months by announcing measures such as hiking short-term interest rates and imposing capital controls. But the measures have failed to halt the plummet and this week the central bank changed tack, announcing it would inject 80 billion rupees (US$1.26 billion) into the banking system by buying back long-term government bonds.

Japan finance minister: no convincing reason to delay sales tax hike

Bing Weather informs you what its like outside, by giving you temperature readings, informing you if its mostly cloudy, with the addition of the daily low and high temperatures. Its this type of information that helps us decide whether to grab a coat or not as we leave for work. With daily forecasts youll always know if you need to change plans for that BBQ you had planned for a few days time, or if you were planning a beach day, maybe leave it for the following week if its going to rain. If you have relatives in, or if you travel regularly to, other parts of the world, you can add more cities to stay informed of the weather. Bing Finance If youre interested in the stock markets, whether just a casual investor or a hardcore buy-sell, buy-sell, buy-sell type, then Bing Finance is definitely for you.

Bing News, Finance, Sport and Weather arrive on Nokia Lumia

Bing-Apps-on-Nokia-Lumia-720

Credit: Reuters/Issei Kato TOKYO | Wed Aug 21, 2013 2:30am EDT TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Wednesday that he has not heard of any convincing reasons why the government should delay a sales tax hike planned for next year. Aso, speaking at a press conference, also reiterated his view that there is no reason for the government to reconsider its schedule for tax increases. Under a multi-party agreement last year, the tax is to rise to 8 percent from 5 percent next April and to 10 percent in October 2015 to pay for rising welfare costs. However, the government must certify that the economy is strong enough to withstand the pain of the tax hikes before making a final decision by October on whether to carry out the plan. (Reporting by Stanley White; Editing by Shinichi Saoshiro)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s