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IMF raises Pakistan growth view to 4.3%
The International Monetary Fund, or IMF, has endorsed economic policies of the Pakistan government and said the country is expected to achieve 4.3 per cent gross domestic product growth in fiscal year 2014-15 compared to a provisional estimate of 4.1 per cent in 2013-14.
20% limit on Saudi stocks’ foreign ownership
Overseas investors in the Saudi Arabian stock market will face restrictions including a 20 per cent ceiling on combined foreign ownership of any listed stock, a major Saudi newspaper reported on Tuesday.
Global tensions cloud Germany’s outlook
Germany’s central bank on Monday warned that global tensions including the Ukraine crisis have clouded its outlook for this year, although it does not expect the Europe’s biggest economy to shrink further.
India No.1 in Nielsen’s consumer confidence measure
India's ranking increased seven index points to 128, surpassing the 123 logged by Indonesia, which previously held the top spot for five consecutive quarters.
Brunei’s Sultan bids for luxury hotels in New York, London
An investment firm affiliated with Brunei has offered to pay $2 billion for the three hotels, which are currently owned by India’s Sahara conglomerate, WSJ.com said.
SoftBank remains merger-hungry
Despite T-Mobile flop, firm’s brash billionaire founder keen to build ‘world’s No.1 company’
UK ‘halfway’ to recovery
BoE chief Carney says interest rate may rise before workers’ wages increase
CBI to probe Tata Realty-Unitech deal
Highly-placed sources in the agency said that the Supreme Court has been informed about the probe that was being conducted to ascertain the actual purpose of the land deal.
Bhutan to test Indian tea for pesticides
The tests would be carried out immediately for the assurance of Bhutanese consumers, she was quoted as saying by the daily.
W. Bengal to sell heritage textiles online for global shoppers
Connoisseurs will have access to the famed Shantpuri-Phulia cotton sarees and Jamdani and Tangail six yard wonders in Murshidabad silk and cotton, among a plethora of others.
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