India, Indonesia among top picks in Asias emerging markets in 2017
The Dollar Business Bureau India and Indonesia will emerge as the most popular choices for foreign investors and strategist in 2016, due to their less dependency on external demands on bonds, currencies and stocks in the Asian emerging markets. The other major Asian economy, South Korea, will remain on the investors’ watch list, amid prevalent concerns that the US President-elect Donald Trump will harm the global trade once he takes office early next year. Amid the conspicuous instability in global trade and financial environment, India seems to be offering financial stability, room for further rate cuts; almost more-than-ideal situations to attract fund inflows. However, China’s Yuan and South Korea’s won are more likely to remain unstable during the coming year. Credit Agricole CIB expected ...
Come to Bengal and invest: Mamata tells investors in Munich
PTI West Bengal Chief Minister Mamata Banerjee today made an impassioned plea to investors, both foreign and those in the country, to invest in the state and assured them that her government would pull out all the stops to help and support. "We will help. Give us the choice, we will give you all options. If you want to set up industry, the state government will give land from the land bank. Our land bank, land policy is ready. If you come, we will be happy," Banerjee said while addressing a business meeting in Munich. Banerjee, who led a business delegation to Munich to explore investment opportunities, urged the German auto major BMW to consider investing in the state and said, "We ...
Emerging markets witness $25 bn foreign capital flow
The Dollar Business Bureau In July so far, emerging markets has recorded a $25 billion inflow from foreign portfolio investors, with the funds are majorly driven by equity segment, a report said. The equity flows contributed a major part in the month of July, with expected inflows of $14.6 billion, whereas the debt flows were more modest at $10.2 billion, said a report by the Institute of International Finance (IIF). The emerging markets Asia and Latin America had dominated the inflows whereas emerging markets Europe, Africa and Middle East witnessed moderate outflows. “Region-wise, emerging market Asia recorded overall inflows of $19.1 billion. This was followed by emerging market Latin America with $8.7 billion of inflows, whereas there were moderate outflows from ...
Global PC shipments down 9.6%
The Dollar Business Bureau For the sixth consecutive quarter, the PC shipments declined worldwide, and this time there was a decrease of 9.6 per cent at 64.8 million units in the first quarter of 2016, according to a report released by research firm Gartner. This is the first time since 2007 that shipment volume fell below 65 million units, it said. "The deterioration of local currencies against the US dollar continued to play a major role in PC shipment declines. Our early results also show there was an inventory build-up from holiday sales in the fourth quarter of 2015," said Mikako Kitagawa, principal analyst at Gartner. "All major regions showed year-on-year shipment declines, with Latin America showing the steepest drop, where PC shipments ...
Indian pharma exports to grow at 5% in 2016-17
The growth estimate has been revised down from 10%-12% to 5% for the current fiscal due to increased regulatory actions faced by Indian drug makers The Dollar Business Bureau India Rating and Research has revised the pharma sectors outlook for FY17 to stable from positive and said it expects muted export revenue growth and stable domestic revenue growth during the year Indian pharmaceuticals exports, embattled with increased global regulations and depreciation of emerging market currencies, are expected to grow at a modest pace of 5% during the financial year 2016-17, a report has said. The domestic pharmaceutical market is likely to sustain the recently gained momentum of 13%-15% growth rate. However, the market will remain exposed to any expansion of the price control ...
