Business

January 21, 2016 12:54 PM

ADB to provide $200 mn for SMEs in rural Bangladesh <br/>

The Asian Development Bank (ADB) will provide $ 200 million in loans to small and medium enterprises (SMEs) in rural Bangladesh to help them gain access to medium and long term credit. ADB&apos;s South Asia Financial Sector Specialist, Peter Marro said the credit facility will target, in particu...

January 21, 2016 7:26 AM

Canadian economy strong, PM Trudeau assures WEF

Canadian Prime Minister Justin Trudeau tried to reassure the World Economic Forum that his country&apos;s economy is strong, despite low oil prices. Speaking in Davos, Switzerland, he said that the Canadian economy was more than just natural resources. In recent days, the Prime Minister has said...

January 21, 2016 7:23 AM

FDI flows into India nearly doubled in 2015: UNCTAD

United Nations&apos; trade agency UNCTAD says, Foreign Direct Investment (FDI) inflows into India nearly doubled to 59 billion dollars in 2015. According to the annual report of the United Nations Conference on Trade and Development released yesterday, global FDI flows increased significantly by...

January 21, 2016 7:14 AM

Global shares in turmoil amid oil rout

Wall Street shares eased back from earlier losses on a day of turmoil on global markets when the plunging oil price again panicked investors. The Dow Jones and S&amp;P 500 indexes closed 1.56 per cent and 1.2 per cent down, still big falls but a partial relief after tumbling more than 3 per cent...

January 21, 2016 6:59 AM

RBI asks banks to stop Rs 1,000 notes without security thread

RBI says it has received complaints about notes of 1,000 rupee denomination without the security thread being in circulation and has asked banks not to issue them in case these are found.Reserve Bank said it has informed all banks in Mumbai region not to issue such notes if found in stock and to pro...

January 20, 2016 7:51 PM

IMF urges EU to open jobs market to refugees

The International Monetary Fund said today that governments making strong efforts to bring refugees into the workforce can lessen the chance that they will become a burden on the state budget. In a new study to be presented at the World Economic Forum in Davos, Switzerland, this week, the IMF said t...

January 20, 2016 2:48 PM

India among top 5 most promising markets globally

India has emerged as one of the five most promising markets for businesses globally, says a survey released at the World Economic Forum (WEF) annual meeting at Davos, Switzerland today. The survey pointed out, India offers one of the best opportunities for both domestic as well as global companies. ...

January 20, 2016 12:27 PM

World Economic Forum meeting starts in Davos

Political leaders and business from around the world are starting an annual World Economic Forum meeting today in the Swiss resort of Davos. The agenda includes the outlook of the global economy and measures to fight terrorism. Leaders from about 40 countries and more than 2,500 business people are ...

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