World Bank says China, India to be biggest investors by 2030
Friday May 17, 2013
India and China are expected to be the largest investors among developing countries by 2030, with the two Asian giants accounting for 38 per cent of global gross investment, a World Bank report said today.
Asian Development Bank to provide $6 billion to India over next 3 years
Sunday May 5, 2013
The Asian Development Bank (ADB) today said it will provide about $6 billion loan to India over the next three years, even as the multilateral lender stated it is facing the challenge of raising resources.
India story on investment just starting out: Chidambaram
Saturday May 4, 2013
With the government liberalising FDI norms and setting up a system to speed up mega projects, Finance Minister P Chidambaram said on Saturday that India story of investment is "just starting out".
Setting up BRICS Bank will not be easy: ADB chief
Thursday May 2, 2013
Describing banking business as "difficult and cumbersome" process, newly elected chief of Asian Development Bank (ADB) Takehiko Nakao today said setting up of the proposed BRICS Bank would not be easy.
Economy to grow at 6% in FY14: RBI survey
Thursday May 2, 2013
India is likely to grow at a rate of 6 per cent in 2013-14 and the average headline inflation is pegged at 6.5 per cent, according to a Reserve Bank sponsored survey.
Growth in India may recover to 6 per cent this year: ADB
Tuesday April 9, 2013
Growth in India may recover to 6 per cent this year and 6.5 per cent in 2014 from 5 per cent in 2012, but South Asia's largest economy needs to pursue structural reforms to create a more favorable investment environment and spur growth, the ADB said.
Asian shares ease on weak US data, North Korea eyed
Thursday April 4, 2013
Investors nervously watched developments in the Korean Peninsula on Thursday while Asian stocks fell after weak data stoked concerns the key American jobs report due later in the week will signal slowing US growth.
Southeast Asia ready to build, but will investors come?
Sunday March 31, 2013
Easy global liquidity and investors' eagerness to tap one of the world's few fast-growing regions should create a sweet spot for the region to fill the $600 billion in infrastructure needs the Asian Development Bank identifies over the next decade. B...
World Bank says ready to work with BRICS development bank
Wednesday March 27, 2013
Describing the development bank to be set up by BRICS nations as a significant undertaking, the World Bank has said that it will stand ready and work closely with the new bank to end poverty throughout the developing world.
Haruhiko Kuroda steps down as ADB chief
Monday March 18, 2013
Asian Development Bank (ADB) president Haruhiko Kuroda stepped down on Monday after eight years of service and will soon take over as governor of the Bank of Japan.
Brent steady near $111; ECB meeting in focus
Thursday March 7, 2013
Brent crude futures steadied around $111 per barrel on Thursday as traders eyed central bank meetings and economic data this week to get a better picture on the prospects for oil demand in the world's top consumers.
Nikkei gains for third straight week; investors bet on further BOJ easing
Friday March 1, 2013
Japan's Nikkei stock average edged higher on Friday, led by demand for real estate stocks as investors bet on the new Bank of Japan chief pursuing aggressive monetary easing to pull the world's third-largest economy out of deflation.
Nikkei opens up sharply on Bernanke's commitment
Thursday February 28, 2013
Tokyo stocks jumped in opening trade on Thursday, taking a strong lead from Wall Street, which rose on upbeat economic data and the Federal Reserve chief's renewed commitment to loose monetary policy.
Asian shares edge higher, yen falls on BOJ report
Monday February 25, 2013
Asian shares edged higher on Monday, with investors still picking up shares battered by last week's steep plunge, while the yen fell to fresh lows on news a reflationary advocate could head the Bank of Japan next month.
ADB head Haruhiko Kuroda to be nominated BoJ chief: report
Monday March 18, 2013
Shinzo Abes government is set to nominate Asian Development Bank president Haruhiko Kuroda as Bank of Japan governor, reports said on Monday, sending the dollar surging against the yen.
