Thursday , July 20 2017

International News

India’s blue sky pledge gives power to country’s green bonds

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Bloomberg Green bonds issued by Indian companies are gathering pace as the country’s ambitious target for renewable energy fuels interest from investors. Renewable energy developer Greenko Energy Holdings raised $1 billion earlier this week, making it the largest corporate green bond issuer in Asia, Bloomberg data shows. It beat MTR ...

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Canada to end tax loophole used by doctors, lawyers

Close-up Of  the word Tax  On Wooden Blocks and a pocket watch a

Bloomberg Finance Minister Bill Morneau is proposing tax changes that would close loopholes often used by doctors and lawyers to reduce their tax burden, part of the Canadian government’s pledge to level the playing field for middle-income earners. In an Ottawa press conference, Morneau detailed the proposals reported by Bloomberg ...

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IBM misses revenue estimates as cloud services unit falters

IBM misses revenue estimates as cloud services unit falters copy

Bloomberg IBM missed estimates for quarterly revenue, with sales in a key unit declining for the second consecutive period, further extending Chief Executive Officer Ginni Rometty’s turnaround plan into its fifth year without significant progress. Sales in the company’s technology services and cloud platforms segment dropped 5.1 percent from the ...

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Micro-finance rebound shows rural India recovering from cash ban

Micro-finance rebound shows rural India recovering from cash ban copy

Bloomberg India’s vast rural hinterland, which makes up 70 percent of the South Asian country’s population, is showing signs of recovery from last year’s cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor. The micro-finance industry is rebounding, real rural incomes are rising and ...

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