Twitter planning for IPO
Popular micro-blogging site Twitter announced on September 12, 2013 that it has submitted papers for the most-anticipated stock offering in the tech sector since...
China's yuan counted among world’s most traded currencies
The official currency of China, yuan, is counted among the most traded currencies for the first time, underlining that the growth can lead to...
Consumer prices in Japan indicate growth
Ever since 2008, consumer prices in Japan have increased at the fastest pace in July 2013. The increase is the result of high energy...
Philippine economy grows 7.5% during second quarter of 2013
On August 29, 2013, the government of Philippines announced that the country's economy has posted a growth of 7.5 percent during the second quarter...
South Korean economy improves, consumption remains weak
The economy of South Korea improved in July 2013 and August 2013, compared to the second quarter of 2013 in terms of increased exports...
Industrial profits in China increase by 11.6 percent in July 2013
Some of the biggest Chinese industrial companies noticed a hike in their combined profits of about 11.6 percent year-on-year in July 2013. The rate...
Chinese railways encourage private capital investments
On Monday, August 19, 2013, detailed plans were published by the central government of China to innovate railway funding and to also accelerate railway...
Aadhaar card not mandatory to open bank accounts in India
On August 8, 2013, the Parliament in India was informed that the Aadhar card is not mandatory for availing certain services, like opening a...
Korea to reduce tax benefits for high income earners
The high income earners in South Korea might soon be deprived of certain tax benefits. The country is now looking to reduce tax benefits...
Oil companies to hike petrol prices by Rs. 1.5-2 per litre
Under the current market conditions, oil marketing companies are under extreme pressure due to the weakening of the Indian rupee. The companies are now...
