PBOC pledges support for small firms in 2020

Beijing: (Bloomberg) – China’s central bank pledged more financial support for small and micro businesses while saying it plans to stick to a prudent monetary policy stance this year. The People’s Bank of China will improve the incentive mechanism for lending to such companies, it said in a statement following a two-day work conference in […]

Ghosn’s escape inexcusable: Japan

TOKYO: Japan’s justice minister on Sunday called the flight of former Nissan Chairman Carlos Ghosn as he awaited trial on financial misconduct charges inexcusable and vowed to beef up immigration checks. Justice Minister Masako Mori said she had ordered an investigation after Ghosn issued a statement a few days ago saying he was in Lebanon. […]

We’ve cut rates but you can’t miss goals, India tells taxmen

New Delhi: India’s Finance Ministry has delivered a challenge to its revenue collectors: meet tax targets despite $20 billion of corporate tax cuts. Through a video conference on December 16, officials were exhorted to meet the direct tax mop-up target of Rs13.4 trillion ($187 billion), a government official told reporters. Collection in the eight months […]

Bluefin tuna fetches $1.79 million in Tokyo’s new year auction

Tokyo: A bluefin tuna weighing a staggering 276 kilograms (608 pounds) was sold for 193.2 million yen ($1.8 million) on Sunday at a Tokyo fish market, the second-highest price on record. Kiyomura Corp, which runs the Sushizanmai restaurant chain across Japan, made the winning bid for the second year in a row. It paid a […]