ATI Newswire - Subscriber Only

Indian Chamber warns that India’s 30% tariff on pulses will seriously impact trade

February 7, 2018

BRISBANE – The Australia India Business Council fears that India’s decision to increase tariffs on pulses to30% will seriously impact trade with Australia – and has urged the Indian Government to consult with stakeholders in the Australian pulse market before any significant changes are made in tariff impositions.

Flurry of bi-lateral talks during PyeongChang Games

February 6, 2018

SEOUL – There will be a flurry of diplomatic activity on the sidelines of the PyeongChang 2018 Olympic and Paralympic Winter Games  starting today with South Korean President Moon Jae-in set to hold talks with more than a dozen global leaders from today. A North Korean delegation is attending the Games, with some hoping for a breakthrough in the North Korean nuclear crisis.

US Tax Act could see repatriation of US$2 trillion in overseas investment: UNCTAD

February 6, 2018

GENEVA - The United States “Tax Cuts and Jobs Act” will have significant implications for global FDI patterns - and will affect multinational enterprises and foreign affiliates accounting for almost 50% of global FDI stock, according to a special issue of the UNCTAD Global Investment Trends Monitor.

Japan’s current market well supported by fundamentals

February 1, 2018

TOKYO - With the Nikkei Index breaching the 24,000 mark, its highest level in 26 years, Japan appears to have put its “lost decade” of growth well behind it. And with the 30,000-point level now well within the Nikkei’s sights, maintaining an underweight bias on Japanese equities may further adversely affect investor portfolios in the years to come, says Nikko Asset Management.

India world’s fastest-growing economy in 2018-19, says Finance Minister

February 2, 2018

NEW DELHI – In his  Economic Survey for 2017-18, India’s Minister for Finance and Corporate Affairs,  Arun Jaitley, said a series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75% this fiscal year, and it is expected to rise to 7.0-7.5% in 2018-19, re-instating India as the world ‘s fastest-growing major economy.    

India’s Budget pledges spending on infrastructure, social needs

February 2, 2018

NEW DELHI – In his Budget speech yesterday, India’s Finance Minister, Arun Jaitley, pledged huge infrastructure and social expenditure to put India on course to achieve 8%-plus GDP growth. The Budget covers the period April 2018-March 2019. The Budget address identified 372 specific business reform actions to improve ease of doing business.

US Tax Reform and its likely impact on HK-US trade and investment

January 31, 2018

HONG KONG - The newly-enacted Tax Cuts and Jobs Act of 2017 – the most substantial revision of US tax legislation for 30 years – could prove a double-edged sword for Hong Kong businesses, according to a research report by the Hong Kong Trade Development Council. On one hand, the report says, US consumption levels could be boosted, triggering increased demand for Hong Kong exports.

Hong Kong, New Zealand exchanges sign MoU on Asia-Pacific markets

January 31, 2018

HONG KONG - Hong Kong Exchanges and Clearing Limited (HKEX) and NZX Limited (NZX) today signed an MoU to further promote confidence and co-operation in Asia-Pacific markets. The exchanges will seek to promote market development by considering opportunities in a range of areas, including foreign investment, derivatives, depository receipts, listed debt, dual listings and exchange traded funds.