Tag Archives : country

WalMart (WMT) Plans To Open 50 Wholesale Stores In India Over Four-Five Years

(Reuters) -  Wal-Mart Stores  ( WMT.N ) plans to open 50 more wholesale outlets in  India and launch online operations to sell to small traders after calling off a joint venture last year and shelving plans to open its own retail stores in the country.

Iran ‘Will Not Wait For America’s Permission’ To Boost Oil Exports: Iranian Oil Minister

Iran plans to boost its crude production and exports this year despite agreeing to U.S.-led sanctions against the country’s energy sector.  “Iran will use every possibility to increase the amount of oil exports and will not wait for America’s permission,” Iranian oil minister Bijan Zanganeh said Monday, according to Iran’s oil ministry news service Shana. “The sanctions do not ban Iran from increasing oil production and we have a big plan for increasing Iran’s oil production.”

BOJ keeps policy on hold, maintains upbeat view on outlook

TOKYO, April 8 (Reuters) – The Bank of Japan kept monetary policy steady on Tuesday and maintained its view the economy is likely to continue recovering moderately, signalling its confidence the country is making steady progress toward meeting the bank’s price target.

The good news for Australia is that a rebound in manufacturing is “not impossible”

The Age highlights RBA Governor Stevens’ comments on manufacturing in his Parliamentary appearance yesterday. Problems in the sector are somewhat of a national crisis in Australia because industry has fallen to 7% of the economy from 30% 1960s

As Ottawa moves to crack down on foreign tax cheats, others warn unliateral action could cause ‘chaos’

OTTAWA — As the federal government attempts to widen its net on foreign tax cheats, it faces pushback from inside and outside Canada over concerns that efforts to capture more revenue could cause greater harm than good — especially to direct investment in Canada. Even critics in Canada’s biggest trading partner are urging Ottawa not to take unilateral action against so-called “treaty shopping” by out-of-country companies and individuals

China’s central bank girds for a wider yuan trading range

China’s central bank engineered the recent decline in the country’s currency to shake out speculators as it prepares to allow a wider trading range for the tightly tethered yuan, according to people familiar with the central bank’s thinking. In the past week, the People’s Bank of China has been g…