Raising interest rates after three years, to mop up excess liquidity, control inflation and systematically lower growth, the People’s Bank of China on Tuesday announced that the one-year lending rate in renminbi would rise from 5.31 percent to 5.56 percent and the...
Cementing his helicopter ascent to succeed Hu Jintao in 2012, Chinese state media announced the appointment of Xi Jinping, the country’s vice-president to become vice-chairman of the party’s Central Military Commission, where Mr. Hu currently serves as the...
Coal India Ltd. the world’s largest coal miner looks to raise US$3.5 billion as the Indian government disinvests 10 percent of the state company in India’s largest IPO today. Although surpassing billionaire Anil Ambani’s Reliance Power IPO at US$2.46...
The world’s largest diamond exchange opened in Mumbai on Sunday, as India, the largest global cutter and polisher of rough diamonds looks to establish itself as a trading hub, challenging the traditional dominance of Belgium and Israel and the new emerging threat from...
Betting on the urban powerhouses of the next decade, the New York’s, Mumbai’s and Shanghai’s of the future, Forbes Magazine, lists 20 of the World’s Fastest-Growing Cities including within it eight cities from China and India. According to the...
