Tag Archives: urges

China’s central bank chief urges Beijing to promote equity, cut debt, eliminate ‘zombie’ companies

China’s central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou Xiaochuan, Governor of People’s Bank of China, said that the market should play a “decisive role” in allocating financial resources, but also stressed the importance of stronger ... Read More »

News LIVE: BJP President Amit Shah urges an end to communism in India

India is expected to retain its position as the top remittances receiving country, with its diaspora set to pump in a whopping USD 65 billion in the year 2017, the World Bank said on Tuesday. Ahead of the annual meeting of the International Monetary Fund and the World Bank, a report issued by the global lender said that remittances, which ... Read More »

GST impact: Jayant Sinha urges trade, industry to trust the system

Jayant Sinha, Minister of State for Civil Aviation speaking at an awareness meeting on GST in Coimbatore on Tuesday S Siva Saravanan The wet grinder cluster in Coimbatore finally had something to cheer about when Jayant Sinha, Minister of State for Civil Aviation, took note of their plea on GST rate fitments and assured the members that he would do ... Read More »

Israel’s Netanyahu urges Britain to join Iran sanctions

Israeli Prime Minister Benjamin Netanyahu urged “responsible nations” to join new sanctions against Iran on Monday during a visit to London, but Britain defended a nuclear deal sealed between major powers and Tehran. Ahead of his talks with British Prime Minister Theresa May, Netanyahu said other nations should follow new U.S. President Donald Trump’s imposition of sanctions against Iran following ... Read More »

Now Sir James Dyson urges single market exit, just months after losing a nasty battle in Brussels

Sir James Dyson is at again. The godfather of gadgets, ranging from vacuum cleaners to hand driers to fancy looking fans that cost a king’s ransom, has stomped into the debate over whether Britain should stay in the European single market when it finally quits the EU. It probably won’t come as any great surprise to you to learn that ... Read More »

Fed’s Kaplan urges patience in raising rates, points to global risks

A raft of global risks that could adversely affect the United States remain on the horizon and require close monitoring, Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday. “I am closely monitoring how slowing growth, high levels of overcapacity and high levels of debt to GDP in major economies outside the U.S. might be impacting economic conditions in ... Read More »

IMF urges more spending to boost growth

The International Monetary Fund’s steering committee has urged member countries to boost “growth-friendly” spending to help deal with slowing global growth. The IMF managing director, Christine Lagarde, said that calmer markets since February had reduced the stress level at the IMF and World Bank spring meetings, but the outlook was still fraught with downside risks from weak demand, a potential ... Read More »

Britain urges China to speed up on cutting steel capacity

Britain asked China on Saturday to hurry up in tackling overcapacity in its steel industry, hoping to stem the flood of cheap imports into Europe which India’s Tata Steel (TISC.NS) has blamed for its decision to pull out of the United Kingdom, putting 15,000 jobs at risk. Tata put its entire UK business up for sale last month, including its ... Read More »

U.S. urges China to keep moving to a market-oriented exchange rate

U.S. Treasury Secretary Jack Lew said on Sunday that it was critical for China to continue moving toward a more market-oriented exchange rate and clearly communicate its actions to the market. Lew made the remarks during a meeting with Chinese Vice Premier Wang Yang in Beijing, following the G20 finance ministers’ summit in Shanghai. “As the global economy faces many ... Read More »