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MUMBAI: India’s budget for the next fiscal year offers a “realistic” plan to meet the country’s fiscal deficit target, and should be a credit positive for its sovereign ratings, according to Moody’s Investor’s Service.
BEIJING: China is set to use swelling offshore holdings of its tightlymanaged currency worth around one trillion yuan (US$160bil) to justify a landmark shift in tactics to relax capital controls.
TOKYO: The Japan government’s nominee to be the next central bank governor has outlined more forceful policy prescriptions to finally defeat deflation, saying he would not set any limits on the amount of cash the Bank of Japan (BoJ) pumps into the economy.
Key regional markets rose on Tuesday, as investors' risk appetite for equities perked up on expectations central banks would go ahead with their stimulus measures.
Tokyo stocks surged to a new 4-1/2 year high on Tuesday as confirmation hearings for Bank of Japan leadership nominees boosted expectations of further monetary easing while index heavyweight Fast Retailing Co jumped after reporting strong sales.
MEXICO CITY: Two Mexican mining magnates have moved up Forbes' annual list of the world's richest, headed once again by compatriot Carlos Slim, underscoring the challenge the new government faces to narrow the wealth gap and pull millions out of poverty.