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Myanmar government launches thin economic policy

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NAYPYITAW Myanmar's government released a long-awaited economic policy on Friday, but the document was noticeably light on specifics and will likely do little to ease the concern of businesses that have grown frustrated with the lack of a detailed plan.

Insight - Iran's global banking problems deepen with rise of Trump, Brexit

LONDON/ANKARA Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran.

7:46pm IST

Drop in the ocean: India's strategic oil reserves unlikely to stir market

SINGAPORE India's initial plan to build-up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand.

Top News, 11:35am IST

BOJ eases policy by doubling ETF buying, underwhelms expectations

TOKYO The Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds (ETF), yielding to pressure from the government and financial markets for bolder action, but disappointing investors who had set their hearts on more audacious measures.

Japan 12:02pm IST

India makes crucial tweaks to push through stalled GST reform

NEW DELHI The Indian government on Wednesday made crucial ammendments to its goods and services tax bill in a move to enlist the support of opposition parties as well as state governments.

Top News, 27 Jul 2016

Myanmar government launches thin economic policy

NAYPYITAW Myanmar's government released a long-awaited economic policy on Friday, but the document was noticeably light on specifics and will likely do little to ease the concern of businesses that have grown frustrated with the lack of a detailed plan.

World, 5:19pm IST

Japan economy minister urges BOJ to help support growth

TOKYO The government and the Bank of Japan must work together to support the economy, the country's economy minister was quoted as saying by Japanese media in the wake of premier Shinzo Abe's announcement of a bigger-than-expected fiscal spending package.

Japan 28 Jul 2016

Irish exporters see Brexit hurting sector -survey

DUBLIN Nine out of 10 Irish exporters see Britain's vote to leave the European Union hurting businesses with more than half of those firms planning to diversify into different markets as a result, a survey showed on Thursday.

28 Jul 2016

Brexit shockwaves hit UK consumers, wages and construction

LONDON Shockwaves from Britain's vote to leave the European Union are reverberating through the economy with surveys published on Thursday showing a sharp dive in consumer confidence and a slowdown in the construction sector.

28 Jul 2016

Raghuram Rajan defends inflation record, urges independence

MUMBAI The Reserve Bank of India's outgoing governor, Raghuram Rajan, on Tuesday staunchly defended his record in curbing inflation and cleaning up bad debt at banks, and he called on the government to protect the central bank's independence.

Top News, 26 Jul 2016

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ICICI Bank profit falls as bad loan provisions surge

MUMBAI ICICI Bank Ltd, India's top private sector lender by assets, reported first-quarter profit fell about 25 percent as its provisions for bad loans more than doubled.