Argentina could tap its currency swap line with China if it can’t refinance dollar-denominated bonds under local law as investor concerns simmer ahead of next year’s presidential election, Economy Minister Luis Caputo said.
Turkey is allowing the lira to slide more quickly in order to prevent sharper weakness in the longer term, central bank Governor Fatih Karahan told investors at meetings in Bangkok, according to people with direct knowledge of the matter.
The amended India-Mauritius tax treaty introduces a principal purpose test, allowing authorities to deny benefits where securing a tax advantage is a main purpose of a transaction
Firms such as Amazon and eBay would be responsible for collecting tax owed by retailers selling on their platformsA tax crackdown on online marketplaces such as Amazon and eBay that could raise up to £1bn more for the Treasury is reportedly being drawn up for John Healey’s first budget.The chancello
Exclusive: Business secretary says he will not change trade rules due to EU pressure and denies UK will become a ‘back door’ for cheap importsThe business secretary has hit back at European demands for British tariffs on Chinese imports, saying the government will not change its trade rules because
India’s rupee gained as the central bank chief said the authority would consider more steps to thwart speculative bets, days after announcing sweeping measures to bolster the currency. Central bank intervention also fueled the advance.
Swiss citizens are leaning toward rejecting an increase in value-added tax to fund higher pensions, sending the government back to the drawing board on how to finance the measure.
Investors are closely watching for signs that the country’s institutions may be starting to repatriate capital after decades hunting for returns overseas
Sensex Today | Stock Market LIVE Updates Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 0.27 per cent and 0.16 per cent, respectively
The Reserve Bank of India would consider further measures, if needed, to curb speculative trading in the foreign exchange market, Governor Sanjay Malhotra said in an interview to Moneycontrol.
Longtime dollarization foe Rafael Correa spent a decade attempting to dismantle Ecuador’s dollarized system. It survived him and South America’s Pink Tide.
Union Finance Minister Nirmala Sitharaman said India's strong macroeconomic fundamentals should reassure investors about the country's fiscal discipline
Nirmala Sitharaman addresses the concerns that India's currency could experience volatility, and reiterates that the country's macroeconomic fundamentals are sound. (Source: Bloomberg)
The European Central Bank is taking aim at Finland’s plan to require supervisors to promote growth and competition among lenders, warning that the change risks blurring their core responsibility for keeping banks safe and sound.
Indian banker Uday Kotak says the ideal approach to handling volatility in the Indian rupee would be to let it find its own level while continuing to invest in research and innovation. (Source: Bloomberg)
India’s central bank will likely continue its efforts to curb volatility in the rupee, Finance Minister Nirmala Sitharaman said Tuesday, after recent measures helped the currency rebound from steep losses.
The central bank has mandated a 20 per cent reserve on eligible rupee derivative contracts used by authorised dealers to hedge their own currency risks, without a minimum transaction threshold
Bloomberg Economics estimates that India's expanding trade agreements could lift GDP by up to 2.1 per cent by 2035, while stronger exports elsewhere help offset US tariffs
India’s rupee extended gains as the central bank announced more measures to support the currency which faces pressure from high oil prices and foreign outflows.
A country whose economy is expanding faster than those of its peers would typically expect its currency to strengthen. India’s growth has outstripped even that of manufacturing powerhouse China, yet the rupee has weakened every year since 2018.
Piyush Goyal says calibrated tariff concessions on car imports under India's trade pacts with the EU and UK will help global automakers assess demand and encourage local manufacturing
Uganda’s shilling is bearing the brunt of rising US yields and foreign-investor selling as offshore holders trim their exposure to local-currency bonds.