China to implement VAT in all industries by 1st May

Apr 27, 2016 07:12 am UTC| Commentary Economy

From May 1, 2016, China will implement value-added tax (VAT), replacing its business tax, in finance, construction, consumer services and real estate industries, noted DBS Bank. This will help the firms cut tax burdens as...

Steel is just another tipping point for Britain's unbalanced economy

Apr 27, 2016 02:05 am UTC| Insights & Views Economy

The British government might be taking the first steps towards what many considered unthinkable, the part-nationalisation of a manufacturing industry in the interests of the nation; specifically, Tatas UK steel...

Renminbi Series

Renminbi Series: State firms’ profits decline reveal vulnerability

Apr 26, 2016 07:21 am UTC| Commentary Economy

Yet another evidence of weakness from China, where conditions seem to have eased in recent times. Rising stock market around the world, makes turmoil at beginning of the year makes a fading memory. House prices are rising...

Australia’s capital expenditure to drop in coming years on slide in mining investment

Apr 26, 2016 05:57 am UTC| Commentary Economy

The Australian government has been positive regarding the better economic conditions, especially, the labor market has been stronger than expected. Hence, the employment growth for 2015-2016 is expected to be revised...

Saudi prince unveils ambitious reform plans with lesser details

Apr 26, 2016 05:48 am UTC| Commentary Economy

Saudi Arabias new powerful man, deputy crown Prince Mohammad bin Salman, unveiled plans on Monday to diversify the countrys revenue source and reduce dependency on oil. After unveiling his plans to the cabinet, MbS assured...

South Korean economy grows 1.5 pct q/q in Q1, exports to bottom out in Q2

Apr 26, 2016 05:22 am UTC| Commentary Economy

The South Korean economy expanded 1.5% q/q saar in the first quarter of 2016, according to the first quarter GDP estimate released today. This is the slowest pace in more than five quarters; however, it is consistent with...

Why the rand punches above the weight of South Africa's economy

Apr 22, 2016 08:14 am UTC| Insights & Views Economy

Is the size of the South African economy out of sync with the ranking of the rand as the 18th most traded currency in the world? The South African economy is the 33rd biggest in the world, with a gross domestic product...