VIVA “The Pinnacle” Economy Exim Bank to give $19.5 mn line of credit to Vietnam •Exim Bank has provided a $ 19.50 million Line of Credit to Vietnam for financing two projects in that country.Export-Import Bank has entered into an agreement with Vietnam, for making available to the latter, a Line of Credit of $ 19.50 million for financing eligible goods, machinery, equipment, works and services including consultancy services from India for the purpose of financing two projects in Vietnam, RBI said in a notification Finance Minister asks tax officials to shore up realisation •Buoyed by improved customs duty collections in December, Finance Minister P Chidambaram today asked the revenue officials to shore up realisation in the remaining months with a view to exceed the revised projections Restrictions on gold imports to be reviewed by March-end: Finance Minister •The government is unlikely to lift import restrictions on gold before the end of this financial year, finance minister P Chidambaram indicated on Monday when he said the tight curbs will be reviewed only after March. Capital Market India Ratings ups outlook on telecom sector to stable •India Ratings today revised its outlook upwards on the telecom sector to stable from negative for the next financial year (2014-15). •The rating agency expects the telecom sector to witness polarised operational improvements in the new fiscal. It said the pre-tax margins of top three telcos together expanded by 391 basis points in the first six months of the current fiscal, while weaker telcos are still incurring pre-tax losses Indias growth a worry; see no rate hikes in near-term: Pro •Bank of Singapore shared his expectation from Reserve Bank of India’s monetary policy scheduled today. Like most market experts, he sees the central bank to keep key policy rates on hold today . With inflation data showing a downtick, he doesn’t see RBI hiking rates in near-term. International Apple IPhone Sales Trail Estimates for Holiday Quarter •iPhone sales over the holiday season and revenue projections for the current quarter trailed analysts’ estimates, adding to evidence that its flagship product is losing steam as a growth engine in a crowded smartphone market. Lira to Won Lead Emerging Currency Gain; Silver Climbs •The Turkish lira and South Korean won led a rebound in emerging-market currencies, while U.S. stock-index futures advanced before the Federal Reserve reviews its record stimulus. Silver and copper climbed. Currency Dollar Maintains Gain Versus Yen Before Fed Holds Policy Meeting •The dollar extended a gain versus the yen as the Federal Reserve begins a two-day meeting amid forecasts it will cut monthly asset purchases by $10 billion in the second reduction of a program that’s devalued the greenback. Commodity Gold Holds Drop From Two-Month High on Stimulus, Demand Outlook •Gold held a decline from the highest level in more than two months as the U.S. Federal Reserve was expected to trim stimulus just as physical demand in Asia slows before the Lunar New Year. Platinum snapped a three-day drop.
Posted on: Tue, 28 Jan 2014 06:32:27 +0000
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