OTTAWA — Canada’s finance minister is urging European countries to consider taking quick action to repair their flagging economies by following stimulus programs similar to the one that pulled this country out of recession.
“During the course of our [G20] discussions, we confronted an uncomfortable reality: We still have significant economic challenges ahead of us,” Mr. Oliver said during a conference call with Canadian reporters following the G20 finance ministers’ meeting in Cairns, Australia.
Having conquered the global market for personal computers, China's Lenovo is setting its sights higher. "Lenovo is the best company in the world at balancing innovation and efficiency." So declares Yang Yuanqing, the chairman of the Chinese computer-maker.
By Stephen Rosenman:Philip Morris International (PM), Altria (MO), and Kraft (KFT) - three dominating staples stocks. How kind Altria has been to its shareholders: Not only a strong stock performance by big MO but the welcome addition of the Philip Morris International and Kraft spin-offs.
In an inteview with ET Now, minister of state for finance Jayant Sinha talks about markets, inflation, and RBI commentary. Excerpts: Jayant Sinha: Depending on what the long-term view is on rates and growth and so on, one can switch money in and out of markets very quickly and there has been quite a bit of that in India, particularly with China obviously having picked up and India's relative attractiveness having dropped. So we see those flows because of these asset allocation moves that people make.
HYDERABAD: India's tobacco exports fell nearly 7 per cent in FY15 as many importers switched to cheaper options or turned to contract farming alliances in African countries amid oversupply in global markets. Exports amounted to Rs 5,600 crore during the fiscal, down from Rs 6,000 crore in the previous year and substantially lower than the Tobacco Board's target of Rs 7,000 crore. Unmanufactured tobacco saw a sizeable decline in both value and volume terms while exports of cigarettes and other tobacco products like beedi, gutka and pan masala saw a significant growth on both counts.