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Japanese regional banks pressured to be more risk-taking

TOKYO: Moody’s Japan says that continued negative pressure on asset yields – - as a result of the Bank of Japan’s extremely accommodative monetary policy — may encourage greater risk taking by Japan’s regional banks. According to a release from Moody’s Investors Service, regional bank shareholders and management have long [...]

Swiss economy dodges a bullet after franc jolt

Zurich: Switzerland may have managed to avoid a contraction in the first quarter, temporarily defying a record surge by the franc that’s depressed the outlook for the economy. Gross domestic product probably stagnated in the three months through March, according to the median estimate of 16 economists surveyed by Bloomberg. [...]

Traders welcome cut in policy rate

Islamabad: Islamabad Chamber of Commerce and Industry welcomed the 100 basis point cut in policy rate to bring it down from 8pc to 7pc and termed it a positive initiative as it will decrease cost of doing business, encourage new investment and spur better economic growth in the country. President, [...]

The current account paradox

RECENT trends in India’s current account and their impact on the balance of payments and the larger economy, present an interesting study. The current account deficit (CAD) is the difference between the sum total of imports and all outward remittances on the one hand and the sum total of all [...]

Light-touch tax environment

THE government is justifiably ecstatic at the IMF’s, and now Standard & Poor’s and Moody’s, endorsement of its claims of having achieved a fair degree of macro-economic stability reflected in some key indicators. These include a lower budget deficit, a significant decline in the rate of inflation and the State [...]

A disputed tax

The government has gone ahead with the controversial Rs145 billion gas tax bill despite stiff resistance by the opposition parties. Opposition members rejected the Gas Infrastructure Development Cess (GIDC) Bill, 2015, and alleged that the government had imposed the tax only to benefit Punjab.  Except People’s Party, all parties including [...]

Premier tests won’t faze rising star Neil

London: Norwich manager Alex Neil is relishing the prospect of pitting his wits against the best of the Premier League after his remarkable rise reached a new high with promotion at Wembley. Just nine months ago, Neil was a virtual unknown outside the close-knit Scottish community of south Lanarkshire where [...]

Azarenka wins easily on French Open return

Paris: Former world number one Victoria Azarenka marked her return to Roland Garros by easing past Spain s Maria-Teresa Torro-Flor 6-2, 6-1 in the first round. Azarenka missed last year s clay-court Grand Slam during a season hindered by a foot injury but she is seeded 27 this time around [...]