June, 2017

• 10 June

  India’s top court delays Modi’s plan to link taxes, biometric ID

  

  Bloomberg Indian citizens cannot be forced to enroll for a 12-digit unique identity number to be able file tax returns, the country’s top court said in a ruling that may be a hurdle for Prime Minister Narendra Modi’s plan to move transactions online. The Supreme Court partially stayed a law that made the Aadhaar card mandatory for filing returns or ...

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• 10 June

  China’s factory inflation weakens again as commodity prices ease

  

  Bloomberg China’s producer price gains moderated following further easing in commodity prices, signaling weaker overall inflation pressure in the pipeline. Producer price index rose 5.5 percent in May from a year earlier, compared with an estimated 5.6 percent in a Bloomberg survey and 6.4 percent increase in April. Consumer price index climbed 1.5 percent, versus a prior gain of 1.2 ...

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• 10 June

  S’pore rebound masks consumer pain as job losses mount

  Bloomberg Singapore’s economy may be picking up, but consumers aren’t feeling it. After two years of below-par growth, economists and even the government are becoming more positive on the outlook. While it’s not boom time yet, the consensus is that 2017 growth will come in higher than last year’s 2 percent. A large part of that is down to exports: ...

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• 10 June

  Australian economy lack confidence even with recession fears receding

  Bloomberg Australia saw off recession fears this week, though the economy remains anemic. The local dollar surged toward its best weekly gain since March, only to run into turbulence when data dump showed a tumble in exports. A flattening yield curve and a sliding stock market also highlighted concerns that the nation’s 26-year streak of recessionless growth is getting weary. ...

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• 10 June

  Blackstone’s ‘equity office era’ nears end

  

  Bloomberg The largest real estate buyout of all time is set for its final chapter as Blackstone Group LP moves towards selling San Francisco’s landmark Ferry Building and two other properties. The waterfront icon, with its soaring clock tower modeled on the 12th-century Giralda bell tower in Seville, will go on the sales block in coming weeks, a decade after ...

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• 10 June

  London property market faces more headwinds after polls

  Bloomberg The UK election result will create more uncertainty for the London property market, affecting values and sales volumes, real estate brokers say. London homebuilders that develop high-end homes dropped after the hung parliament. Crest Nicholson Holdings Plc fell 6.7 percent, the most in 11 months, and was down 5 percent at 580 pence at 1:16 p.m., making it the ...

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• 10 June

  Britain’s fragile new coalition further muddies outlook for economy

  

  Bloomberg Of all the things the UK economy needs, more uncertainty isn’t one of them. Prime Minister Theresa May’s loss of her majority in Parliament after an election gamble has muddied the outlook for oncoming Brexit negotiations and the economy. After a campaign largely devoid of economic arguments, the new government faces a slew of policy challenges and threats to ...

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• 10 June

  The Russia probe, as seen through Moscow’s lens

  

  At a cafe a few blocks from the old KGB headquarters at Lubyanka Square, investigative journalist Andrei Soldatov tries to explain the murky world of Russian intelligence that’s now the focus of a US criminal investigation into the hacking of the 2016 campaign. Big events in today’s Russia often aren’t the product of broad strategy, argues Soldatov, but rather are ...

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• 10 June

  RBI taking the spice out of masala debt is short-sighted

  There was a flicker of anticipation last year when an Indian borrower issued the first masala bond, a local-currency note sold outside the country. Gadfly expressed the hope that, once a thorny tax issue was sorted, the securities would go on to become the Indian version of dim sum debt, which has played a large role in internationalizing the Chinese ...

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• 10 June

  Stand against terrorism, even in Tehran

  

  There is only one acceptable response to Wednesday’s deadly terrorist attacks in Iran: swift and unequivocal condemnation of the perpetrators, and condolences to the victims. By joining the other world leaders who have offered their sympathy, US President Donald Trump can reaffirm both America’s standing in the community of nations and its determination to defeat terrorism, whatever and wherever its ...

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