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China foreign expenditure tops inward investment for 1st time China foreign expenditure tops inward investment for 1st time

China invested more money abroad last year than foreign firms piled into the country, data showed today, a first for the world's second largest economy as Beijing looks overseas as part of its drive to transform its economic growth model.

Bangkok edges out London as world's top travel destination Bangkok edges out London as world's top travel destination

The Thai capital of Bangkok has beaten London to be crowned the world`s most popular travel destination this year, according to an annual ranking by global payments and technology company Mastercard released on Thursday.

 

Fed keeps rates steady, signals one hike by end of year Fed keeps rates steady, signals one hike by end of year

The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten monetary policy by the end of this year as the labour market improved further. 

Volkswagen investors seek 8.2 bn euros over 'dieselgate' scandal Volkswagen investors seek 8.2 bn euros over 'dieselgate' scandal

Investors say the automaker failed to disclose details of the case in a timely way, leading them to lose money as the group`s share price plunged by 40 percent in two days after the crisis erupted last September.

EU scraps time limit on free mobile roaming plan EU scraps time limit on free mobile roaming plan

The EU scrapped Wednesday a 90-day limit to its landmark free mobile phone roaming policy, promising checks to curb abuse after the initial plan ran into fierce criticism.

OECD sees growth flounder as "globalisation stalls" OECD sees growth flounder as "globalisation stalls"

Global economic growth will flounder this year and next at rates not seen since the financial crisis as the march of globalisation grinds to a halt, the OECD warned on Wednesday.

Today's Federal Reserve meeting: What to expect Today's Federal Reserve meeting: What to expect

The US Federal Reserve is expected to keep interest rates unchanged on Wednesday amid tepid inflation and recent weak economic data, but could signal an increased likelihood of a hike by the end of the year.

Japanese stocks lift Asia, yen falls as BOJ overhauls policy Japanese stocks lift Asia, yen falls as BOJ overhauls policy

Japanese stocks rallied and lifted Asian equities on Wednesday, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates in an overhaul of its massive monetary stimulus programme.

Microsoft raises dividend, plans $40 billion share buyback Microsoft raises dividend, plans $40 billion share buyback

Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase programme.

Bangladesh's Junaid Ahmad new World Bank head in India

Junaid Ahmad has become the World Bank's Country Director for India, replacing Onno Ruhl who served a four-year term based out of the national capital.

GlaxoSmithKline picks insider Emma Walmsley as new CEO GlaxoSmithKline picks insider Emma Walmsley as new CEO

GlaxoSmithKline said on Tuesday it had chosen Emma Walmsley, head of consumer healthcare, as its new chief executive, after considering internal and external candidates.

Google may face Indonesia tax bill of over $400 mn for 2015 Google may face Indonesia tax bill of over $400 mn for 2015

Indonesia plans to pursue Alphabet Inc`s Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided tax payments.

US claims victory against India in WTO solar panel dispute US claims victory against India in WTO solar panel dispute

The US on Friday claimed victory over India at the WTO wherein it had challenged the local content requirement in solar panels by the Indian government.

India loses WTO appeal in US solar dispute

India lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn a U.S. complaint that New Delhi had discriminated against importers in the Indian solar power sector.

Years of war, refugee flight has wrecked Middle East economies: IMF report Years of war, refugee flight has wrecked Middle East economies: IMF report

Middle East economies have plunged into decline in the years of war since the Arab Spring, creating daunting economic and development challenges, according to an IMF report released on Friday.

 

Mauritius seeks India's help, post tax treaty revision

Mauritius, the island nation that accounts for the second-largest FDI, has sought a line of credit and more investments from India as it gets ready for implementation of the revised tax treaty from April 2017.

US asks Deutsche Bank to pay $14 billion to settle mortgages case US asks Deutsche Bank to pay $14 billion to settle mortgages case

The U.S. Department of Justice is asking Deutsche Bank  to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany`s flagship lender said on Friday.

Apple tax row raises $2.1 trillion question for FX traders Apple tax row raises $2.1 trillion question for FX traders

If the fallout from a huge EU tax bill handed to Apple includes a push to encourage U.S. firms to bring more profits onshore, recent history suggests the impact for the dollar can only be positive. 

Donald Trump eyes 4% growth, 25 million new jobs in 10 years Donald Trump eyes 4% growth, 25 million new jobs in 10 years

Republican presidential hopeful Donald Trump laid out an aggressive economic vision Thursday, setting an ambitious goal of four percent growth and knocking rival Hillary Clinton for offering Americans nothing but a "welfare check."

Central banks seek global standards in wake of Bangladesh heist

The world`s major central banks, stung by this year's USD 81-million heist in Bangladesh, have launched a task force to consider setting broad rules to protect the vast network of cross-border banking from cyber attacks, according to two sources with knowledge of the matter.