India’s startup market has huge potential

Facebook co-founder Eduardo Ceferin said the start-up market in India is worth a bet, although it is still “a few years” behind China. During a panel discussion in Forbes Global CEO Conference in Singapore this weekSaverin said his investment firm, B Capital, is spending “a lot of dollars” in India And he thinks about the … Read more

Stocks drop, Chinese yuan tops 7.2 against the dollar

The Chinese yuan is likely to return to the “reasonable range” soon The yuan is likely to return to the “reasonable range” between six and seven against the US dollar — as soon as next year, said Han Baojiang, director of the Department of Economics at the Party School of the CPC Central Committee. That’s … Read more

Impact on the Philippines, Indonesia and Thailand: Nomura

Nomura said India’s rice production was down 5.6% year-on-year as of September in light of below-average monsoon rains, affecting the harvest. Rebecca Conway | Getty Images News | Getty Images India, the world’s largest rice exporter, has banned shipments of broken rice — a move that will reverberate across Asia, according to Nomura. In an … Read more