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Jaitley says India needs balance, not panic, to spur economy

Indian minister of finance minister arun jaitley

Bloomberg Finance Minister Arun Jaitley said India needs to find a balance between fiscal prudence and spending, and there’s no need to panic, as he tries to dig the economy out of its deepest slump in three years. Speaking at the Bloomberg Economic Forum in Mumbai, Jaitley called for more private investment from local companies and said the banking system ...

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Chinese cities tighten property sale rules

Bloomberg Several large Chinese cities including Shijiazhuang, Chongqing, Nanchang, Nanning and Guiyang are imposing restrictions on home resales as part of the nation’s campaign to cool its heated property sector. Chongqing will ban sales of new and existing residential properties in downtown areas within two years of purchase, according to a statement on the city’s housing authority website. The move ...

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May tells France ‘UK to be close ally after Brexit’

Illustration of british prime minster theresa may's speech on brexit

Bloomberg ­­­­­­­­­­­­­­­ UK Prime Minister Theresa May continued a charm offensive to ease European worries about Brexit by writing an opinion column in France to say Britain will be reasonable about the conditions of its departure and wants to remain the nation’s closest ally after it exits. “My message to the citizens of France is clear: In the years to ...

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