Sunday, November 27, 2022

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Scandal Erodes China’s Soft Power

Buoyed by its massive foreign-exchange reserve, China has spent billions of dollars to boost its soft power. Direct Chinese television broadcasts and Confucius Institutes around the world are aimed at winning the world’s respect. But a series of political scandals showing a total lack of regard for China’s rule of law have punctured claims about the Chinese system’s superiority

Burma Ready to Play Ball With US

Clinton said the US “will further embrace” Burma if “the government releases all remaining political prisoners, ends violence against minorities – and cuts military ties with North Korea.”

Fitch downgrades Hungary to junk status

Budapest: Fitch Ratings downgraded Hungary's credit grade to junk status on Friday, citing a standoff between the country and the European Union and the International Monetary Fund over rescue loans. Fitch, which followed similar moves from Moody's and S&P, kept a negative outlook, indicating a more than a 50 per cent chance for another downgrade within the next two years

Suspending FDI ‘highly regressive’: India Inc

Disappointed by the government's decision to put foreign direct investment (FDI) in multi-brand retail on hold, India Inc on Wednesday described the move as 'highly regressive'. "...

Bharti, Reliance Industries end talks on insurance JVs deal

Mumbai: Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France's AXA, the two companies said on Friday. Reliance said the negotiations to acquire Bharti's 74 per cent stakes in the life insurance and general insurance joint ventures were terminated as it was "unable to reach agreement on the long-term vision and joint governance of the ventures" with AXA.

Thailand lowers growth forecast

Thailand Business News Thailand's gross domestic product (GDP) is projected to grow in the range of 3.5-4.0 per cent while headline inflation is forecast to be in the range of 3.6- 4.0 per cent. Share this Article

Why Chinese Buyers Want Hong Kong Homes

With all the cities in the world from which to choose, why is Hong Kong so popular? It has to do with the rule of buying what you know: Hong Kong is the most popular destination for Chinese tourists – it’s nearby and it’s a city where many speak Mandarin. What’s more, the rising yuan goes a long way in Hong Kong, a special administrative region that remains nominally under Chinese rule but whose currency is pegged to the U.S. dollar.

Mortgage for foreigners? Sorry, not in Thailand

Thailand Business News In today’s market, Thailand's condominium act implemented 20 years ago is obsolete. It is inconsistent and counterproductive to the wants and needs of the local property market because it blocks out foreign demand for Thai properties

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