TOKYO (Sputnik) – The platform is planned to be established with the involvement of the Russian Direct Investment Fund (RDIF). "The Russian side is the Russian Direct Investment Fund, which was established to invest jointly with foreign investors, give them legal and financial comfort. As for the Japanese side, we are working with major institutions such as the JBIC [Japan Bank for International Cooperation] in this direction," Ulyukayev said at a business meeting. Russian Economic Development Minister Alexei Ulyukayev's visit to Japan gives an impetus to cultivate political and economic ties between the countries ahead of the Russian and Japanese leaders' possible meeting this fall, Japan's Deputy Chief Cabinet Secretary Hiroshige Seko said earlier. … [Read more...] about Russia, Japan in Talks to Form Joint Projects Investment Platform
Cuban foreign investment
ST PETERSBURG (RUSSIA): Prime Minister Narendra Modi today invited Russian companies to partner Indian firms in setting up manufacturing facilities to make high-tech defence equipment in India. Addressing CEOs of the two countries after the annual bilateral summit here, Modi said India had last month approved a policy to allow local private companies to work with foreign players to manufacture defence equipment in a bid to cut reliance on imports. "India is sixth biggest manufacturer in the world and we want to raise the share of manufacturing in GDP from 16 per cent to 25 per cent," he said. The government, he said, has approved a strategic partnership in defence between Indian and foreign companies. "I invite Russian companies to join Indian companies in setting up manufacturing base taking advantage of the new policy," he said. The policy allows the entry of private companies into the manufacture of submarines, fighter aircraft and armoured vehicles through foreign … [Read more...] about Narendra Modi invites Russian companies to invest in defence, other sectors
BEIRUT (AP) — Qatar has announced that it will invest $500 million in Lebanese government bonds to support the Mediterranean country’s struggling economy. Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani made the announcement in comments to Qatar’s state news agency. Monday’s announcement came a day after Qatar’s ruler Sheikh Tamim bin Hamad Al Thani made a short rare visit to Lebanon where he met President Michel Aoun and took part in an Arab economic summit. Lebanon’s economy has been struggling from massive debt, little growth and high unemployment. Earlier this month, Lebanon’s Finance Minister Ali Hassan Khalil was quoted by a local newspaper as saying that the country may restructure its debt, leading to sell-off in Lebanese bonds. He later clarified that Lebanon is committed to paying back all maturing debt. … [Read more...] about Qatar to invest $500 million in Lebanese government bonds
Nine out of 10 of the country’s top economists working across academia, the City, industry, small businesses and the public sector believe the British economy will be harmed by Brexit, according to the biggest survey of its kind ever conducted. A poll commissioned for the Observer and carried out by Ipsos MORI, which drew responses from more than 600 economists, found 88% saying an exit from the EU and the single market would most likely damage Britain’s growth prospects over the next five years. A striking 82% of the economists who responded thought there would probably be a negative impact on household incomes over the next five years in the event of a Leave vote, with 61% thinking unemployment would rise. Those surveyed were members of the profession’s most respected representative bodies, the Royal Economic Society and the Society of Business Economists, and all who replied did so voluntarily. Paul Johnson, director of the independent Institute for Fiscal Studies, … [Read more...] about Economists overwhelmingly reject Brexit in boost for Cameron
Britain’s relationship with Europe is low down on the list of concerns for most voters in the coming election, but the subject of the “Brexit” – Britain’s secession from the European Union – will come to dominate our political lives should the Conservatives find themselves in some kind of power after 7 May. David Cameron has promised a 2017 referendum on our place in the EU, a referendum our survey suggests is favoured by the majority of the population. The result of any plebiscite looks less certain, with those wishing to leave Europe just outnumbering those likely to vote for the status quo, but there are still many undecided. The arguments on either side are clear. If you’re a Eurosceptic, the impositions of European Union bureaucracy are daily infuriations, with Britain supposedly ceding control to Brussels of immigration policy, of its legal system, of its famously curved cucumbers. Britain contributes a small fortune to the European Union … [Read more...] about What would happen if Britain left the EU?