The floods ravaging Queensland and Victoria have disrupted the plans of Australia’s biggest retailers to discuss the next step in their fight against GST-free sales on the internet.…
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Dec inflation in India rises to 8.43pc
India’s wholesale inflation rose to 8.43 percent in December, primarily due to steep increases in food prices, particularly vegetables and other perishables, during the month.
Overall, inflation…
Global productivity may slow in 2011
Global economic productivity rallied strongly last year thanks to a notable economic recovery, but it is likely to flag in 2011 in advanced economies as employment catches up, the US-based think tank …
China economy overtakes US based on purchasing power
China overtook the US last year as the world’s biggest economy when measured in terms of purchasing power, according to Arvind Subramanian, senior fellow at the Peterson Institute for Internatio…
Vietnam vows economic restructure
Vietnam’s governing communist party has begun its five-yearly congress by admitting its programme of economic growth has strayed off course.
Vietnam is aiming in the next 10 years to become an i…
India, South African nations to sign PTA to reduce trade tariffs
India and South African nations are expected to sign a trade agreement by the middle of this year that aims to reduce tariffs on certain items, commerce and industry minister Anand Sharma said.
"…
Thai economy to grow at least 3pc
The Thai economy is expected to grow at least 3 percent year-on-year in 2011, based on positive signs from foreign investors, United Nations Conference on Trade and Development secretary-general Supac…
India’s economic growth suffers amid cost pressures from inflation
India’s industrial growth dippped drastically, even as inflation rose faster than expected, blurring the policy action outlook.
Rupe Nitsure, chief economist at the Bank of Baroda, said cost pre…
HK ranked as world’s freest economy for 17th consecutive year
Hong Kong has been ranked the world’s freest economy by the Heritage Foundation for the 17th consecutive year, since the Index of Economic Freedom was first published in 1995.
The Heritage Found…
Macau tapping into Indian wedding market
Macau is attracting a growing number of Indian weddings, the Macau Government Tourist Office representative in India said.
"Macau has been portrayed both as a honeymoon and a wedding destination.…