Japan Finance Minister Expects G20 to Discuss Global Economic Recovery

G20 finance minister meeting will be held starting this Friday in Shanghai. Ahead of the meeting, Taro Aso, Japan Finance Minister said that he expect G20 to discuss ways to move global economy.


New policies unveiled to push China's economy

China has unveiled a series of new initiatives to push its economy growth rate. The government is keen on meeting the increasing demand in small and medium-sized homes. Another set of new rules for accelerating reforms at state-owned enterprises will be announced soon.

RBI seeks FinMin's nod for easing capital restrictions on ARCs

Reserve Bank of India (RBI) is seeking an approval from Union Finance Ministry for easing capital restrictions on Asset Reconstruction Companies (ARCs). RBI has recommended Union Finance Ministry to raise the cap on sponsor's holding in asset reconstruction companies.

Kabam Lay Off 8% of Workforce, Focus on Multiplayer Games

San Fransisco-based Kabam will lay off its workforce. The mobile game studio will focus on its most popular multiplayer games such as Marvel Contest of Champions and Star Wars: Uprising.


Latest News

The US government has appeared in a row with Apple centering unlocking of encrypted data of an iPhone allegedly used by a terrorist. Apple opposes the demand citing creation of backdoors for the law enforcers, may lead to a potential abuse. Supporting Apple stand, Mark Zuckerberg has pledged playing due rolls in its fight while addressing in the Mobile World Congress on Monday.
Silicon Valley tech industries have been witnessing a downward trend during the last couple of years. Fenwick & West LLP has revealed their fourth quarter findings on valuations of some Silicon Valley companies. The report shows a decrease in valuation position of the companies during the fourth quarter compared to the strong position in the third quarter.
McDonald's partners with Chobani, a Greek yoghurt-maker company and tests how the yoghurt will come along being incorporated to some of its menu. The fast food chain is adapting to the change to make itself a 'modern and progressive company' as it adapts to the changing tastes of its customers.
The latest quarterly survey of Fenwick & West LLP found most Silicon Valley companies that raised venture funding in the fourth quarter of 2015 softened.
Northern Mindanao is a region in the Philippines and has five provinces. The Department of Public Works and Highways (DPWH) completed more than 717 infrastructure projects early this year at an investment of PHP 18.7 billion.
Led by new President Mauricio Macri, economy recovery in Argentina is anticipated during 2016. Argentina registered $3 billion trade deficit for 2015. Exports too fell over 50 percent during 2015.
Finance Secretary Cesar V. Purisima has done the Philippines proud once again by bagging the 'Finance Minister of the Year' award this year as well. This would be Purisima's second award in a row from FinanceAsia and his sixth in total over his six-year tenure under the Aquino administration.
Global economic crisis has affected value of South African currency immensely. Amid such economic hardships, Gauteng province has recorded growth above the national average and 35% contribution towards national economy. Gauteng province premier, David Makhura has revealed the information while delivering his State of The Province Address.
Businesses in the US are in a common practice to to classify workers as interns in order to pay them well below minimum wage or nothing at all. Detection of such practice from a venture fund provider appears to be the first of its kind since US Department of Labor accuses Fenox with the malpractice. The regulator has instructed Fenox to pay back-wages to 56 so-called interns.
Saban Ventures Fund is a newly launched fund aiming to offer investment to the selective business startups in Israel. The venture fund has been launched by Israeli-American media magnate Haim Saban. He is also familiar as one of the major financial contributors to the Hilary Clinton’s election campaign fund.
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