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India USA
Centre asks states to enhance capital expenditure
The Centre nudged states to enhance capital expenditure and invest more in infrastructure. Addressing a conference of state finance secretaries, finance secretary Ratan Watal said the Centre has accepted the recommendations of 14th Finance Commission and that will give larger funds to states.
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Qatar USA
Oil prices rise in Asia as Doha meeting, US report loom
Crude prices edged down in Asia following last week's gains that were fuelled by data showing a drop in US production, while traders look ahead to an upcoming meeting of oil majors they hope will lead to output limits. Dealers are keenly awaiting the next stockpiles report hoping for a ...
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India USA
Stick to fiscal discipline, spend on infra: FM to states
New Delhi, Apr 11 () With the share of states in central taxes seeing a quantum jump, Finance Minister Arun Jaitley today advised them to stick to fiscal discipline, spend on infrastructure and development activities and to use Aadhaar for transferring benefits to people.
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USA
Stick to fiscal discipline, spend on infra: FM to states
States' share in Union taxes has substantially gone up after implementation of the 14th Finance Commission report
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Giappone
Dollar drops to ¥108 range as intervention fears fade
The dollar dropped to the ¥108 level in Tokyo trading Monday as most traders shrugged off fears about yen-selling intervention. At 5 p.m., the dollar stood at ¥108.05-06, down from ¥109.05-06 the same time Friday. The euro was at $1.1377-1377, almost unchanged from $1.1379-1379, and at ¥122.94-95, down from ¥124.09-10. ...
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Giappone Indonesia
Toshiba, IHI receive orders for thermal power plant in Indonesia
Toshiba Corp. and IHI Corp. said separately Monday that they have received orders of key equipment for the expansion of a coal-fired thermal power plant in Indonesia’s Banten province. Toshiba will supply a steam turbine and generator, while IHI will provide a boiler. The two Japanese firms did not disclose ...
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Giappone
Tokyo stocks lose further ground on yen rise
Stocks turned lower Monday as selling picked up with the yen’s ascent against the dollar. The 225-issue Nikkei average lost 70.39 points, or 0.44 percent, to close at 15,751.13 on the Tokyo Stock Exchange. On Friday, the key market gauge climbed 71.68 points. The Topix index of all first-section issues ...
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Giappone
IMF defends central banks’ use of negative interest rates despite risks
The IMF on Sunday defended the use of negative interest rates by central banks in light of the “significant risks” of slow growth, while acknowledging the potential for dangerous boom-and-bust cycles. Six central banks, notably the European Central Bank and the Bank of Japan, have taken the unprecedented measure, aimed ...
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Giappone
Otsuka Kagu’s ex-chairman wins suit over bond redemption
The Tokyo District Court on Monday ruled in favor of Katsuhisa Otsuka, former chairman of major furniture retailer Otsuka Kagu Ltd., in his lawsuit against a firm related to his eldest daughter over corporate bond redemption. In the suit, Katsuhisa Otsuka, who recently lost a battle for control of the ...
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Giappone
Japan pins tech hopes on game-changing nanofiber
Carbon fiber may often be dubbed the next-generation material, but it’s another product — cellulose nanofiber — that is increasingly attracting attention among manufacturers. A low-weight, high-strength material, cellulose nanofiber has potential use in a wide range of products, including auto parts, food packaging, clothing, cosmetics and inks. Recognizing this, ...