May, 2016

• 9 May

  India’s auto sales rise at fastest pace in 5 months

  

    New Delhi / Bloomberg Maruti Suzuki India Ltd., Hyundai Motor Co. and Renault SA paced India’s biggest gain in passenger vehicle sales in five months, as new compact SUVs, hatchbacks and minicars drew buyers to their showrooms. Deliveries of passenger vehicles, including sport utility vehicles and vans, climbed 11 percent to 242,060 units last month, the Society of Indian ...

  Read More »
• 9 May

  Top China paper warns of crisis risk over debt

  

    Jakarta / Bloomberg China must turn off the taps of credit-driven growth to avoid a financial system crisis in the face of rising bad loans and other risks, the Communist Party’s official mouthpiece newspaper said on Monday, citing an unnamed “authoritative” source. The prominent article, in question-and-answer format, started on the front of the broadsheet paper and took up ...

  Read More »
• 9 May

  Good rain forecast in India lifts growth prospects

  

    New Delhi / Bloomberg After back-to-back droughts battered India’s farmers, a forecast for above-normal rainfall this year is brightening the outlook for Asia’s third-largest economy. Economists at DBS Bank Ltd., State Bank of India and Standard Chartered Plc say India’s gross domestic product this year may grow more than they previously predicted if the monsoon is as good as ...

  Read More »
• 9 May

  Eurozone ministers wrangle over Greece debt relief

  

    BRUSSELS / AFP Eurozone finance ministers on Monday tackled crucial talks on unlocking vital cash and debt relief for Greece just hours after Greek lawmakers adopted unpopular reforms demanded as part of the country’s bailout. The 19 ministers, meeting in Brussels, are aiming to finally sign off on the long-delayed first review of Greece’s massive EU-IMF bailout — the ...

  Read More »
• 9 May

  Brexit from EU would have ‘unforeseeable consequences’: Junker

  

    Frankfurt / AFP A British exit from the EU would have “unforeseeable consequences” for European cooperation, European Commission head Jean-Claude Juncker has warned in an interview with German media. Britain is to hold a closely-watched June 23 referendum on whether or not it should stay in the 28-nation bloc, and opinion polls are showing that the nation is still ...

  Read More »
• 9 May

  ‘Remain’ battle ups as bigwigs take on economic risks

    Bloomberg Get ready for a pro-European Union onslaught. This week, voters tuning into the fraught battle over the U.K.’s future will hear from three heavy-hitters who have already warned about the risks of leaving the single market. The chancellor of the exchequer, the governor of the Bank of England and the head of the IMF are set to speak, ...

  Read More »
• 9 May

  Switzerland’s EU model seen through lens of Brexit debate

  

    Bloomberg It’s not hard to see why Brexit campaigners tout Switzerland as a model for Britain’s life outside the European Union. The Swiss have kept prospering as one of the world’s richest countries despite opting for treaties instead of membership to define their relationship with the bloc that surrounds them. While the EU accounts for 1 in 3 francs ...

  Read More »
• 9 May

  UK, Russia offer lowest rates of corporate tax, study finds

  Bloomberg Russia and the U.K. give companies the lowest effective tax rates among the world’s leading economies, according to a report by UHY, a network of auditors and consulting firms. Companies in Russia pay corporate tax at 20 percent while in the U.K. it’s 21 percent, UHY said in the study of rates applied to $1 million of taxable profit. ...

  Read More »
• 9 May

  German factory orders advance in March as exports pick up

    Bloomberg German factory orders picked up in March as strong global trade helped offset a lull in domestic demand. Orders, adjusted for seasonal swings and inflation, advanced 1.9% from the prior month, when they fell a revised 0.8 percent, data from the Economy Ministry in Berlin showed on Monday. The reading, which is typically volatile, compares with a median ...

  Read More »
• 9 May

  Private investment gains ground in Hungary’s hospitals

  

    Bloomberg A $62 million construction project on the banks of the Danube River is the biggest bet to date that Hungary’s crumbling public health-care system guarantees a bright future for private hospitals. Deteriorating conditions at state hospitals, where patients routinely need to bring their own toilet paper, have pushed people to pay for care outside the communist-era relic. Private ...

  Read More »