Thursday, April 17, 2014
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US to keep gem import ban in Myanmar sanctions

myanmar gems

The United States updated sanctions on Myanmar on Wednesday to maintain a ban on importing rubies and jade amid a relaxation of curbs on U.S. trade with the Southeast Asian nation, American officials said. President Barack Obama’s executive order continues a gradual lifting of sanctions since the military government that had run the country also known as Burma for five decades stepped ... Read More »

China’s Tax Incentives for High-Tech Enterprises


Aug. 8 – While many of China’s key tax incentives dried up with the Corporate Income Tax (CIT) Reform in 2008, the government still offers various tax incentives to promote sectors deemed beneficial to the development of the country’s economy. The technology sector, for instance, is one area that China is keen to promote and, as a result, qualifying enterprises ... Read More »

Is India in danger of another crisis?


Is India in danger of another crisis? And could it hold lessons for others? A weak currency won’t necessarily lead to a crisis. But, if it makes it harder to pay for a deficit that is owed to overseas creditors, that’s when it could become a problem. That’s what the newly appointed governor of the RBI, the Indian central bank, ... Read More »

Going global: expanding into new markets is key to growth


If your business is considering moving into international markets, whether that’s opening an office in China or exporting goods to Brazil, you’re not alone. A quarter of ambitious businesses say that expanding into new markets is their primary route to fast growth. This article was sponsored by GrowthAccelerator. That’s according to the annual report fromGrowthAccelerator, Where High Growth Happens, which analyses ... Read More »

China export rebounds


BEIJING — Surprisingly strong rebounds in China’s exports and imports in July offered some hope that the economy might be stabilizing, government data showed Thursday, after more than two years of slowing growth, although an imminent rebound still looks improbable. Data from the Customs Administration showed exports had risen 5.1 percent in July from the same month last year. Analysts ... Read More »

JPMorgan Chase is facing criminal and civil investigations


JPMorgan Chase is facing criminal and civil investigations by the Justice Department involving its sales of mortgage-backed securities in 2005 to 2007, the bank said in a regulatory filing Wednesday. Investigators from Justice’s civil division have “preliminarily concluded” the nation’s largest bank broke the law, JPMorgan said in the filing. The disclosure is tucked into a single paragraph on page ... Read More »

Biden to deliver policy speech on India’s role in Asia-Pacific


S Vice President Joe Biden will deliver a US foreign policy speech today reflecting India’s growing role in the Asia-Pacific region before leaving for his maiden visit to India. “The Vice President will focus on the United States’ enduring commitment to the rebalance toward Asia, India’s growing role in the Asia-Pacific region, and the critical importance of deepening US trade ... Read More »

IMF still sees China’s growth at 7.75%


Fund (IMF) said on Wednesday China’s economy was on course to grow 7.75% this year — higher than the government’s own 7.5% target and actual growth of 7.6% in the first half of the year. Prospects for the world’s second-largest economy were “clouded by mounting domestic vulnerabilities in the financial, fiscal and real estate sectors”, the IMF said. But the ... Read More »

GlaxoSmithKline finance boss banned from leaving China


A British executive heading the mainland financial operations of GlaxoSmithKline (GSK) has been barred from leaving China as the government ratchets up the pressure on the pharmaceutical sector with a new campaign. Steve Nechelput, who is based in Shanghai, was asked not to leave the country late last month but was not formally detained or arrested, as part of the ... Read More »

Chinese Alibaba buys piece of digital map firm


Chinese online retail giant Alibaba said Friday it would pay $294 million for a 28 percent stake in China’s leading digital map provider, AutoNavi, its second big purchase in two weeks. Alibaba, the world’s largest online retailer, bought an 18 percent stake in China’s dominant microblog provider Sina Weibo for $586 million in a separate transaction announced on April 29. ... Read More »