NEWS

Yug open new store!

Yug open new store!

Vishwa Gold a distributor of Yug by Tanvi Gold Cast from Ahmedabad launched gold jewellery with Swarovski Zirconia at their new store cum office at Ahmedabad. The Chief Guest for the occasion was Mr. Rajendra Jain, Managing Director Swarovski Gemstones India, Mr. Bipin Viradiya Founder Director Yug by Tanvi Gold Cast, Mr. Raj Bhalara Director Yug by Tanvi Gold Cast, Mr. Brijesh Amin & Mr. Umesh Patel Directors of Vishwa Gold along with reputed and respected industry dignitaries and media of Gujarat.

KYC and supply source traceability

KYC and supply source traceability

The World Federation of Diamond Bourses (WFDB) Presidents Meeting after a special session on blockchain technology and supply source traceability has decided to take further steps on the need for increased transparency in diamond transactions.

 

The decision came after a debate on the conclusions of a panel on traceability, provenance and blockchain technology which included De Beers Group's Feriel Zerouki, NAMDIA's Kennedy Hemutenya, London Diamond Bourse President Alan Cohen, Alrosa's Head of International Relations Peter Karachiev, James Bernard, Director of Sales for the DMCC and Iris Van Der Veken, Executive Director of the Responsible Jewellery Council moderated by Peter Meeus, Honorary Chairman of the Dubai Diamond Exchange. 

 


Angola, a VAT country from Today

Angola, a VAT country from Today

As from this Tuesday, October 1, 2019 Angola will be included in the list of countries in the SADC region that charge the Value Added Tax (VAT), which will replace the Consumption Tax. The Value Added Tax, which is levied on goods and services produced internally or imported, will have a flat rate of 14%.

 

This tax was to be implemented on July first of the current year, but national entrepreneurs asked for an extension of the deadline because they were not properly prepared. In the 2019 reviewed General State Budget that was approved in June by the National Assembly, the prevision on the cash income of the VAT to be collected had been revised upwards by 60 percent, in other words, the figures before were 156.3 billion kwanzas and moved to Akz 249.3 billion.

 


China proposes to set aside for bad loans

China proposes to set aside for bad loans

China’s Finance Ministry has proposed a new rule that would cap the amount banks have to set aside for bad loans, a move that could boost dividends to shareholders but weaken banks' capabilities to absorb losses in the future, said the Media China.

 

Under the proposal, loan loss provisions for Chinese banks would be limited to no more than double the minimum regulatory requirement, with any funds left over booked as profit, according a new draft of financial institution accounting rules published on September 31.


De Beers appoints Alastair Bickerstaff

De Beers appoints Alastair Bickerstaff

De Beers Group Auctions is pleased to announce the appointment of Alastair Bickerstaff as the Head of Product Development and Sales. The new role, which was created following the departure of the Head of Sales and CRM, is an amalgamation of two instrumental elements of the business – Product Development and Sales.

 

As the Head of Product Development and Sales, Alastair’s aim is to develop more synergy between the two functions and better address our customers ‘product needs.


Richemont and Alibaba Launches Net-A-Porter

Richemont and Alibaba Launches Net-A-Porter

Richemont and Alibaba Group announce the opening of the Net-A-Porter flagship store on Alibaba’s Tmall Luxury Pavilion, an exclusive platform dedicated to the world’s leading luxury and fashion brands.

 

The launch marks the beginning of operations of the joint venture established between Yoox Net-A-Porter Group, the world’s leading online luxury and fashion retailer, and Alibaba Group, the world’s largest online and retail commerce company by gross merchandise volume. The Net-A-Porter flagship store’s grand launch campaign will begin in the second week of October, after China’s Golden Week.

 


Australian Lunar Series III 2020 coin

Australian Lunar Series III 2020 coin

The first coloured release in the Australian Lunar Series III from Australian Mint, this 1oz silver coin showcases the 2020 Year of the Mouse design in vivid colour. Showcasing an endearing design of mice foraging on husks of corn, this flawless silver proof quality coin would make the perfect keepsake for those born in the Year of the Mouse in 2020, 2008, 1996, 1984, 1972, 1960 and 1948.

 


 

Credit Neutral for Corporates initiatives!

Credit Neutral for Corporates initiatives!

Arindam Som, Analyst-India Ratings and Research Pvt Ltd (Ind-Ra) believes the reduction in corporate tax rates is unlikely to materially impact the credit profile of India corporates, although the risk of fiscal slippage is likely to increase significantly.

 

Ind-Ra’s analysis of the top 1,000 listed corporates by revenue indicates that the total quantum of reduction in tax liability in FY20 is likely to range between INR600 billion and INR650 billion. Of this, 50%-60% of the benefit is likely to accrue to corporates with relatively healthy credit profile marked by low leverage and comfortable interest coverage.

 


US restore competitiveness dollar!

US restore competitiveness dollar!

The question of whether the US should, could and would take action to weaken the dollar in an effort to boost US competitiveness is top of mind, according to Goldman Sachs Research.

 

In the latest episode of the Top of Mind at Goldman Sachs podcast, Allison Nathan sits down with the Peterson Institute’s Joseph Gagnon and the Council on Foreign Relations’ Brad Setser to understand if such actions or trade war escalation, could lead to a global currency war.

 


Messy politics in a messy economy

Messy politics in a messy economy

Han de Jong is Chief Economist of ABN Amro Bank NV in Amsterdam express financial impact of politics & messy economy on the market & economy. He inks, US House speaker Nancy Pelosi announced the start of an inquiry into impeachment against president Trump over a phone call he made with the Ukraine president. The point of no return has undoubtedly been passed, making it inevitable that the process will dominate the news for the foreseeable future.

 


Showing 71 to 80 of 3041 (305 Pages)