Accounting & Finance Updates

​Washington, Oct 7 (IANS) Citing the example of the proposed pan-India Goods and Services Tax (GST), the IMF on Friday said the country has shown that progress on reforms could attract investment and boost prospects of India's medium-term growth.

​Washington, Oct 4 (IANS) The International Monetary Fund (IMF) on Tuesday maintained its forecast for global growth in 2016 at 3.1 per cent, saying the subpar trend will continue without determined policy action.

​New York, Oct 3 (IANS) Companies that do invest in building their innovative capacity are rewarded over the long run by higher stock market returns and profits, say researchers including one of Indian-origin.

​London, Oct 3 (IANS) The pound sterling was the worst performer among major currencies on Monday, after British Prime Minister Theresa May said Britain would kick off the process of separating from the European Union (EU) by the end of March 2017.

​Tokyo, Sep 26 (IANS) Financial assets held by Japanese have lost value between March and June due to the effects of Brexit on the markets, marking two consecutive quarters of decline, according to data released by the Bank of Japan (BOJ) on Monday.

​Washington, Sep 22 (IANS) The inclusion of the Chinese yuan in the Special Drawing Right (SDR) basket by the International Monetary Fund (IMF) is an important milestone for the international monetary system, said a senior IMF official.

Cairo, Sep 9 (IANS) The World Bank on Friday transferred $1 billion to Egypt to boost the Arab country's economic reform programme, a media report said.

"This is the first batch of a $3 billion deal allocated for funding a government economic developmental plan," Egyptian Minister of International Cooperation Sahar Nassr was

​Tokyo, July 29 (IANS) The Bank of Japan on Friday announced a modest expansion of its monetary easing programme, blaming Britain's decision to leave the European Union as the biggest uncertainty facing world markets.

​Beijing, July 26 (IANS) Riding on smartphone sales like its flagship H1 device, Chinese smartphone maker Huawei has posted a 40 per cent half-yearly profit.

"We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations,"

New York, July 27 (IANS) Although it added three million users -- one million more that what analysts had expected -- the not-so-promising second quarter earnings results led to the shares of micro-blogging website Twitter tumbling on Tuesday which wiped out nearly 10 per cent from its share price in after-market trading.