Friday , May 26 2017

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India’s GST a bonanza for global accounting firms

TO GO WITH: India-economy-retail-investment,update-FOCUS

An Indian family shops at the Big Bazaar supermarket in Mumbai on September 5, 2013.  A year since India reduced foreign investment barriers to its retail sector to spur flagging economic growth, confusing rules and political uncertainty are keeping overseas supermarket giants away, analysts say. AFP PHOTO/ Indranil MUKHERJEE        (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

Bloomberg What is taxing for some in India has become brisk business for others. With seven weeks to go before the nationwide Goods and Services Tax is implemented, Indian companies are rushing to bring in experts to help prepare their accounting and information technology systems for the tax-system overhaul. That’s ...

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China’s cement giant sees big opportunity in Silk Road initiative

China cement giant sees big opportunity in Silk Road

Bloomberg China National Building Material Group, the nation’s biggest cement maker, aims to capitalize on a surge in business opportunities from President Xi Jinping’s “Belt and Road” initiative as projects spur an infrastructure boom in the region, according to its chairman, Song Zhiping. “If you want to get rich, build ...

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China’s $246bn deal spree crumbling as sellers balk

BEIJING - JULY 22: (CHINA OUT) A clerk counts stacks of Chinese yuan at a bank on July 22, 2005 in Beijing, China. The People's Bank of China, the central bank, announced on July 21 to scrap the yuan's decade-old peg to the U.S. dollar, and in stead phase in a flexible mechanism of the yuan exchange rates. The exchange rate of yuan vs U.S. dollar was announced at 8.11 vs 1 on July 22. (Photo by China Photos/Getty Images)

Bloomberg China’s biggest-ever foreign acquisition frenzy is ending almost as dramatically as it began. After stunning the world with a record $246 billion of announced outbound takeovers in 2016, Chinese dealmakers are now struggling to cope with tighter capital controls and increasingly wary counterparties. Cross-border purchases plunged 67 percent during ...

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Euro-area growth forecast up with risks more balanced

EU raises euro-area growth forecast copy

Bloomberg Growth in the euro area will be slightly stronger this year than previously forecast, the European Commission said, adding that some risks to the outlook have eased following the defeat of populist parties in France and the Netherlands. The commission sees the 19-nation economy expanding 1.7 percent this year ...

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