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Accounting & Finance Updates

 

Get the latest updates in accounting and finance from Horizon University College, covering practices and trends shaping financial management in the UAE.

Chinese central bank injects $15.4 billion into market

SUC Editing Team Accounting & Finance

​Beijing, March 31 (IANS) The Chinese central bank on Thursday injected liquidity of $15.4 billion into its financial system to boost lending.

The People's Bank of China (PBOC) carried out the operation through seven-day reverse repurchase agreements, or repos, at an interest rate of 2.25 percent, Xinhua news

Global real estate market estimated at over $1 tn in 2016

SUC Editing Team Accounting & Finance

​New Delhi, March 29 (IANS) The global real estate market is pegged to cross $1 trillion in 2016 - 6 percent higher than in 2015 - and India's property sector is likely to benefit out of it too, a survey said on Tuesday.

Japan approves record $852 billion budget

SUC Editing Team Accounting & Finance

​Tokyo, March 29 (IANS) Japan's parliament on Tuesday approved a record $852 billion budget for the next fiscal year which begins on April 1.

The upper house approved the budget, which is 0.39 percent higher than the existing budget, with majority support from the ruling Liberal Democratic Party, after the lower

Fear of death driving people away from savings

SUC Editing Team Accounting & Finance

New York, March 28 (IANS) If you are not saving enough for your retirement, you may not be alone. A new study has shown that a large number of people avoid saving for their old age because they are afraid to think of their own death.

China's pension fund to flow into stock market

SUC Editing Team Accounting & Finance

Beijing, March 28 (IANS) China's pension fund may begin investing in the nation's share markets, a move that will channel approximately 600 billion yuan ($92 billion) into the equity market and likely improve its liquidity, the media reported on Monday.

World Bank opens country office in Malaysia

SUC Editing Team Accounting & Finance

​Kuala Lumpur, March 28 (IANS) The World Bank opened its office in Malaysia on Monday which will also serve as a global knowledge and research hub.

World Bank said its new office will facilitate its partnership with Malaysia, in areas such as financial intermediation and inclusion, and to support the bank's twin goals of ending

China sets new online import tax rules

SUC Editing Team Accounting & Finance

​Beijing, March 27 (IANS) China will change the tax rules on online retail goods from April 8 to level the playing field for e-commerce platforms and traditional retailers and importers, a media report said on Sunday.

Bourses rate firms with women board members higher

SUC Editing Team Accounting & Finance

​London, March 13 (IANS) Companies that have women on their driving seat are highly valued by investors and shareholders, finds a new study.

Firms with women on their executive and supervisory boards are rated high on the bourses as a result of the few women who climbed to the top of the career ladder in

US Federal Reserve keeps interest rates unchanged

SUC Editing Team Accounting & Finance

​Washington, March 17 (IANS) The US Federal Reserve kept its benchmark short-term interest rates unchanged as widely expected, noting that "global economic and financial developments continue to pose risks" to the US economy.

Japan reports biggest trade surplus since 2011

SUC Editing Team Accounting & Finance

Tokyo, March 17 (IANS) Japan reported a trade surplus of 242.8 billion yen ($2.2 billion), marking its biggest trade surplus since September 2011, the government announced Thursday.

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