Russia sees 2017 GDP growing 2 pct if no external shocks- econ min

DAVOS, Switzerland, Jan 20 Russia's economy could grow 2 percent in 2017 in case of no external shocks like a new fall in oil prices, Economy Minister Maxim Oreshkin said on the sidelines of the World Economic Forum in Davos.

11:30am IST

New Zealand court lets Low family replace trustees in 1MDB-linked case

WELLINGTON, Jan 20 A New Zealand court on Friday approved a request by relatives of Malaysian businessman Low Taek Jho to appoint new trustees to fight the seizure of assets by the U.S. government in its investigation of the scandal-tainted 1MDB fund.

11:11am IST

BRIEF-CFT reports FY 2016 consolidated revenue at CHF 803.4 mln

* Fourth quarter 2016 was stronger with reported consolidated revenue of 190.7 million Swiss francs ($189.81 million), an increase of 4.8% in constant currencies from the equivalent quarter last year.

11:05am IST

BRIEF-Esor says to raise up to 37.54 mln rand via rights offer

* Full proceeds to be used to repay credit facility made available to Esor to fund acquisition by Geomer Investments Proprietary Limited

10:50am IST

SE Asia Stocks-Mark time ahead of Trump inauguration

By Aparajita Saxena Jan 20 Most Southeast Asian stock markets marked time on Friday ahead of Donald Trump's inauguration as U.S. president, even though China posted forecast-beating fourth-quarter economic growth. Indonesian shares fell as much as 0.7 percent in their biggest percentage drop since Jan. 9, with financials and consumer staples accounting for more than half of the decline. Bank Central Asia was the biggest negative influence, followed by Unilever Indonesia.

10:43am IST
BSE OIL & GAS -0.58%
BSE AUTO -0.19%
BSE POWER -0.60%
BSE-CG -0.20%


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China GDP beats expectations but debt risks loom

BEIJING China's economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending, giving it a solid tailwind heading into what is expected to be a turbulent 2017.