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04.06.26 - 01:18
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India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse (ZeroHedge)
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India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse
Having spent the better part of a decade assuring the world that the Indian growth miracle was self-sustaining, structurally sound, and impervious to the “fragile five” indignities of yesteryear, New Delhi has quietly arrived at the only conclusion that ever follows a currency in freefall: print incentives, slash taxes, and beg foreigners to please, please come back.
According to Bloomberg, India is poised to announce a suite of measures to lure foreign capital - reducing taxes and removing ownership caps on certain bonds - possibly as soon as this week. The cabinet is expected to consider a “significant cut” in the taxes global funds pay on Indian bonds, with officials reportedly weighing whether to eliminate the 20% levy on bond interest income entirely, or shave it down to what the people familiar described as “a bare minimum.” Translation: foreigners weren't biting, and so...
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03.06.26 - 21:09
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Devisen: Euro fällt unter 1,16 US-Dollar (DPA-AFX)
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NEW YORK (dpa-AFX) - Der Euro ist am Mittwoch erstmals seit dem vergangenen Donnerstag wieder unter die Marke von 1,16 US-Dollar gefallen. Zuletzt wurden im New Yorker Handel 1,1597 Dollar für die europäische Gemeinschaftswährung bezahlt. Die Europäische ......
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03.06.26 - 17:31
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Devisen: Euro gibt etwas nach (DPA-AFX)
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FRANKFURT (dpa-AFX) - Der Euro hat am Mittwoch etwas nachgegeben. Die europäische Gemeinschaftswährung kostete am Nachmittag 1,1608 US-Dollar. Am Morgen hatte sie noch etwas höher notiert. Die Europäische Zentralbank setzte den Referenzkurs auf 1,1614 ......
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