financializer news A weblog highlighting financial topics making news in the international media.

chinese officials: The face-to-face talks between deputy trade negotiators in Washington, which resumed after nearly two months, have created a foundation for the next round of talks in October, they noted, according to Global Times China. A delegation of Chinese officials, led by Vice Finance Minister Liao Min, met their counterparts at the US Trade Representative's office on Thursday and discussions between the two sides lasted until Friday, media reports said. Photo VCG Recent engagement between China and the US on trade practices is creating favorable conditions to bring them back to the negotiating table, which also shows that they are trying to meet each other halfway and are making efforts to resolve issues of mutual concern, experts said on Friday. After trade talks with Chinese negotiators wrap up in Washington this week, a smaller group of those officials, led by Vice Minister for Agriculture and Rural Affairs Han Jun, are planning to visit US farming regions to meet with the producers, CNBC said. More details on the purchase of US farm products need to be tackled, such as pricing and insurance, Gao told the Global Times on Friday. The discussions between Chinese and US deputy trade negotiators are likely to show consensus in certain areas, such as China's purchase of US agricultural products, if members of the Chinese delegation will visit some farm regions in the US next week, said Gao Lingyun, an expert at the Chinese Academy of Social Sciences. (news.financializer.com). As reported in the news.

daxing airport: The Daxing airport has four runways, the world's most advanced management technology system and developed supporting transportation facilities, according to Global Times China. The rail transit line between the Beijing's South Third Ring Road and Daxing airport has a maximum speed of 160 kilometers per hour. Photo VCG Beijing Daxing International Airport plans to open its first commercial passenger flight on Friday, which will mark the beginning of Beijing with two international airports. All of this was built in just five years. Thus far, China has ranked first globally in terms of total length of railways, highways and urban rail transit. Over the past five years, China has continued to be the world's largest infrastructure site. (news.financializer.com). As reported in the news.

bullock: Cory Booker D-N.J. South Bend, Ind., Mayor Pete Buttigieg, Montana Gov, according to MSNBC. Steve Bullock D and philanthropist Tom Steyer. Friday's schedule included Sen. The event concluded with a session with former Massachusetts Gov. Common themes throughout the day included discussion of the intersection of racial justice and climate change, the effect of climate change policies on jobs in the fossil fuel industry and proposals for a carbon tax as an environmental solution.NATALIE IS /THE HOYA Sen. Bill Weld R the only Republican presidential candidate to accept an invitation to the forum. (news.financializer.com). As reported in the news.

income levels: Countries need a fertility rate of 2.1-2.2 if population is to be kept stable, according to Global Times China. Although 2.5 is the global average, this number has halved dramatically in the past 50 years and more countries fall below 2 and even 1.5. South Korea made headlines recently after the government data showed the total fertility rate fell to 0.98 in 2018. Birth rate in Japan has hit its lowest level since records began in 1899, as stagnant income levels, long work hours, fierce competition and rising consumption tax only make the financial burden greater and thus, make it less attractive for couples to start a family. The struggle will stay, so will the adverse effects of low birth rates, which has led to a shrinking work force, and strained retirement and social services for the elderly. Sure Japan is handing out cash incentives as well as other programs such as dating services and proposed paternity leave, but improvement takes time. (news.financializer.com). As reported in the news.

u.s: The euro was at 1.1050-1050, slightly down from 1.1051-1051, and at 119.27-28, down from 119.41-42. ; After moving around 107.90 in the morning, the dollar continued to fluctuate within a narrow range between 107.80 and 107.90 until the late afternoon, according to The Japan Times. While the greenback temporarily dropped to around 107.70 in late trading, buying on dips pushed up the U.S. currency back to around 107.90. At 5 p.m., the dollar stood at 107.92-93, down from 108.04-04 at the same time on Thursday. On the sluggish trading, an official at a foreign exchange margin trading service firm said that the dollar appeared to be in a lull after the end of policy-setting meetings by the European Central Bank, the U.S. Federal Reserve and the Bank of Japan. Meanwhile, the United States and China kicked off high-level trade talks Thursday. Market players are now expected to focus on speeches delivered by members of the Fed's Federal Open Market Committee to forecast future interest rate cuts by the Fed. (news.financializer.com). As reported in the news.

gewirtz grossman: MB - Bronstein, Gewirtz & Grossman, LLC Notifies of Class Action and Lead Deadline November 4, 2019if window.performance window.performance.mark && && 20, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && YORK, NY / ACCESSWIRE / September 20, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against MINDBODY, Inc, according to The Independent. MINDBODY or the Company MB and certain of its officers, on behalf of shareholders who purchased or otherwise acquired MINDBODY securities between November 7, 2018 and February 15, 2019, both dates inclusive. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets closedS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && ALERT - MINDBODY, Inc. Such investors are encouraged to join this case by visiting the firm's site www.bgandg/mb. The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that 1 Defendants had put scheme in place to depress the value of MINDBODY stock directly preceding the merger offer by Vista manufactured through the negative guidance issued on November 6, 2018; 2 the goshop provision in the merger offer was designed to prevent any superior offers by other potential purchasers; 3 at the behest of Vista, Defendants never released the Company's favorable fourth quarter 2018 results; 4 as a result of the following, the merger consideration was not fair, and any fairness opinions rendered by the independent proxy advisory firms were based off of incomplete information. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. (news.financializer.com). As reported in the news.

half world: That is more than Japan uses in a year and could cut China's domestic seaborne coal trade by 10 percent in the long run, Fenwei Energy Information Services Co. forecasts. ; In a world where governments and businesses are under pressure to leave fossil fuels in the ground, the new rail is decidedly old-fashioned, according to The Japan Times. China has pumped more money into renewable energy than any other country and is battling pollution by urging its population to burn gas instead. Almost a decade in the making, the nearly 30 billion Haoji Railway will start this month and eventually haul as much as 200 million tons from key producing regions in the north to consumers in the south. Yet it continues to mine and burn half the world's coal. One of the main reasons for building the nearly 2,000-kilometer-long 1,250-mile railway is to ease transportation bottlenecks in the domestic supply chain. Coal will remain a dominant source of power in the next 10 years, even though it's being gradually replaced by new energy, said Tian Miao, an analyst at Everbright Sun Hung Kai Co. in Beijing. (news.financializer.com). As reported in the news.

internet-only plans: That follows a 13.1% tumble last week, and brings the two-week selloff from the Sept. 6 record close of 169.86 to 35.6%. This week's selloff was highlighted by Wednesday's 13.7% plunge, after Comcast Corp, according to Market Watch. CMCSA, -0.69% said it will start giving away its Xfinity Flex streaming-media player for free to those who subscribe to the cable operator's internet-only plans. The streaming-media player's stock ROKU, -19.22% dropped 18.3% in very active afternoon trading, and has now shed 25.9% this week. And last Tuesday, Roku shares tumbled 10.5% after Apple Inc. This week's decline is headed for the biggest since Roku went public in September 2017, surpassing the 24.1% tumble during the week ending Nov. 9, 2018. AAPL, -1.46% unveiled the price for its Apple TV service that was half of what was expected. (news.financializer.com). As reported in the news.

force: The union leader sent a short message to colleagues saying he believed he was being kidnapped before all communications ceased, according to The Guardian. Magombeyi, who is leading a nationwide doctors' strike to force President Emmerson Mnangagwa's government to raise wages for medical staff, had previously received warnings, which he believed came from security services, to stop his activism. Peter Magombeyi, the acting president of the Zimbabwe Hospital Doctors Association ZHDA disappeared at about 10pm 2100 BST local time on Saturday. The exact circumstances of his release are unclear, with Magombeyi unable to give interviewers coherent details of what happened to him. Interviewed by a reporter from Voice of America, Magombeyi sounded confused. He was found in Nyabira, about 18 miles 30km from the capital, Harare. (news.financializer.com). As reported in the news.

inquiry hearing: Integrity Commissioner Michael Griffin made the comment at an inquiry hearing into the Australian Commission for Law Enforcement Integrity's annual report in Canberra on Friday, according to Nine News Australia. ACLEI is the watchdog which probes serious and systemic corruption in agencies and departments such as Home Affairs, the Australian Border Force and Australian Federal Police. To improve your experience update it see corruption as 'line item'By AAP5 46pm Sep 20, drug dealers see money paid to corrupt Australian law enforcement officials as a mere line item in their multi-million-dollar criminal schemes, an inquiry has heard. Mr Griffin said one focus in the past year had been sophisticated organised criminals seeking to bring drugs, weapons and people illegally into Australia by corrupting law enforcement officials. To bring drugs that will retail for 5000 an ounce in a source country, for example in China, which will return in the order of 200,000 for same ounce in Australia. We are dealing with sophisticated organised crime groups who have a very large financial incentive to penetrate the Australian border, he said. (news.financializer.com). As reported in the news.

maneuvers throngs: She maneuvers throngs of tourists, construction workers and suits streaming out of office towers for lunch as she walks north from the waterfront park toward the Brooklyn Bridge, according to The Guardian. In a skirt suit and flats, Bavishi fits in among lower Manhattan's workday hustle. It's a muggy afternoon, a breeze barely lifting off of the New York Harbor, after days of heavy rain. But there's no one else with a job like hers director of the New York City's mayor's office of resiliency. There's an air of promise and forward-thinking in her stride. She is the woman tasked with protecting all 580 miles of New York City shoreline from more frequent and extreme storms and expected sea rise due to the climate crisis. climate box We have got a chance to really reimagine the waterfront, she says, heading underneath FDR Drive past interim flood barriers erected by the city following Hurricane Sandy. (news.financializer.com). As reported in the news.

markets spiking: Indian companies will be taxed at a rate of 22% instead of 30%, the government announced Friday, according to CNN. The Indian rupee also strengthened after the news, jumping 0.5% to trade at 70.95 per US dollar. India's benchmark Sensex index surged 5.3%, after a cut to the country's corporate tax rates sent its markets spiking. Other major regional markets were broadly higher after the Chinese central bank cut a key lending rate, making it cheaper for companies to borrow. It was the second small rate cut cut in two months, as China tries to prop up its flagging economy. Japan's Nikkei N225 rose 0.2%. South Korea's Kospi KOSPI gained 0.5%. China's Shanghai Composite Index SHCOMP added 0.2%. But Hong Kong's Hang Seng Index HSI erased earlier gains, edging down 0.2%. Earlier in the day, the People's Bank of China set the one-year Loan Prime Rate at 4.2%, down from 4.25% in August. (news.financializer.com). As reported in the news.

mattress maker: The company also said it had ended discussions with Simba, another mattress maker, about a joint venture, according to The Guardian. Revenue this year will be in the range of 25m- 27m, Eve said. Eve Sleep, in which Woodford's fund holds a 31% stake, said business was worse than expected because of low consumer confidence and competitors cutting prices. Investors were expecting annual revenue of about 34m before the company posted a profit warning in July without giving a revised figure. The board of Eve has decided that now is not the right time to pursue the potential merger and that it is more appropriate to focus on the Eve rebuild plan. Eve said Overall trading has been more challenging than previously anticipated owing to the uncertain economic outlook and continuing low levels of consumer confidence. (news.financializer.com). As reported in the news.

safety project: Edwin Lyman, acting director the nuclear safety project for the Union of Concerned Scientists, said the steps to shut down a reactor are similar to when the plant temporarily shuts it down for a refueling outage, according to The Japan Times. The first step will be to insert control rods to stop the nuclear fission chain reaction in the reactor core. Exelon Corp. officials said the plant will stop producing electricity around noon Friday, following through on a decision the Chicago-based energy giant made in May after it became clear that it would not get a financial rescue from Pennsylvania. ; The accident that destroyed Three Mile Island's Unit 2 badly undermined public support for the energy source No nuclear plant that was proposed after the accident has been successfully completed and put into operation in the United States. The control rods made of minerals and soft metals absorb neutrons and make it impossible for nuclear fission to continue. He said he also expects plant operators will disconnect Three Mile Island from the electric grid. The core remains hot, and heat removal systems must cool it down gradually to avoid cracking the reactor vessel before the fuel rods are removed to a spent fuel storage pool at the plant, Lyman said. (news.financializer.com). As reported in the news.

jeff wright: So you have safe-haven interest perking up into the weekend, according to Market Watch. Trump called the Iran sanctions the highest ever imposed on a country. The confrontation with Iran is still very real, said Jeff Wright, executive vice president of Gold Mining Inc. He had promised earlier in the week to impose new Iran sanctions in retaliation for Tehran's alleged role in strikes on Saudi Arabian oil facilities. Reports said that a Chinese delegation cancelled plans to visit farms in Montana as part of its trade negotiations with the U.S. Reuters reported Friday that Chinese agriculture officials will return to China sooner than originally scheduled. Trump also said Friday that he was looking for a complete trade deal with China and it didn't need to come before the 2020 election. (news.financializer.com). As reported in the news.

oaktree capital: Our economy is the best performing in the world of major economies, according to Market Watch. So I'm happy with it and I don't think I'd be stimulating at this time, Marks told CNBC in an interview. Our call of the day, from Oaktree Capital's billionaire co-chairman Howard Marks, also weighs in on the Fed as he says the economy doesn't really need the rate cuts it's been doling out. Ten years later, do you want to cut rates to extend an economic expansion which is the longest in history Some question, I question whether that's a legitimate goal. Not that he's worried too much about the latter, citing consumer strength, even as the manufacturing sector struggles with trade-war angst. The Fed should be controlling inflation and supporting growth to create jobs, but not stopping a recession, he said. (news.financializer.com). As reported in the news.

wine food: My new monster gas barbecue, great to use in almost any climate, may be a factor as well... as is the refusal to countenance the fact that my inbox is already full of suggestions for Christmas columns, according to The Independent. And after last weekend's warm weather, the forecast for this weekend is decent, with sun on the cards for much of the country. No, I'm not getting any more eccentric, but just making the most of the largely fine weather of the past two weeks or so, relishing the special flavours of wine and food eaten outdoors in early autumn candlelight essential, throws and jumpers optional before autumn really catches us up and the first fires are lit. So, with copious apologies for anyone reading this who is in a part of the UK already deep into autumn, what wines do we want for an Indian summer, whether we are eating in or out ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.

wilson: Patrick K. Prinster and David Scott Wright were each ordered to pay 250,000 and Donald Bruce Edward Wilson was ordered to pay 150,000 for diverting investors' funds from mortgages secured by real estate, which was the purpose described in marketing materials, according to The Independent. The panel also permanently banned Prinster, Wright and Wilson from the following activities Trading in or purchasing securities or exchange contracts Using exemptions set out in the Securities Act Becoming or acting as a registrant or promoter Acting in a management or consultative capacity in the securities market Engaging in investor relations The panel noted that Prinster, Wright and Wilson diverted the funds and carried out their misconduct despite warnings and concerns expressed to them from multiple sources. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets closedS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && panel imposes lifetime bans and 1.7 million in financial sanctions for fraudif window.performance window.performance.mark && && Group September 20, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Sept. 20, 2019 /CNW/ - The British Columbia Securities Commission imposed a total of 1.7 million of financial sanctions on three B .C. men and two mortgage investment companies after finding that they committed fraud. The panel imposed financial sanctions of 561,479 on Dominion Grand II Mortgage Investment Corporation, and 500,961 on Dominion Grand Investment Fund Inc. About the British Columbia Securities Commission www.bcsc.bc.ca The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Almost all of the 1.1 million raised from investors was lost, though the panel did not find evidence that Prinster, Wright or Wilson had been personally enriched by the diversion of investments. (news.financializer.com). As reported in the news.

saddam hussein: It came as Tehran vowed wide retaliation if heightened tensions boil over into hostilities, according to Nine News Australia. The kingdom sees the September 14 strikes on its Khurais and Abqaiq facilities -- the worst attack on Gulf oil infrastructure since Iraq's Saddam Hussein torched Kuwaiti oilfields in 1991 -- as a test of global will to preserve international order. To improve your experience update it here News World Saudis show off oil plant after attacks By AAP6 20am Sep 21, Arabia has taken media on a tour of oil facilities damaged by attacks that Washington and Riyadh blame on Iran, showing melted pipes and burnt equipment. President Donald Trump said on Friday the United States was imposing sanctions on Iran's central bank over the attack. Asked about the possibility of a military response on Iran, Trump said the US was always prepared and that a military strike was always a possibility. US Treasury Secretary Steven Mnuchin said the bank was Tehran's last source of funds. (news.financializer.com). As reported in the news.

stores: The Solomon Lew-chaired business increased its full-year net profit by 27.7 per cent to 106.8 million as total income rose by 7.3 per cent to 1.28 billion in the 12 months to July 27, according to Nine News Australia. That figure also would have been even higher were it not for 26 million pre-tax charges against its UK Smiggle stores. To improve your experience update it here News National Two Aussie businesses booming spark share surge for Aussie billionaire's mega conglomerate By AAP2 39pm Sep 20, in business conglomerate Premier Investments have surged more than 22 per cent to a fresh 12-month high as a stellar sales performance by Peter Alexander and Just Jeans helped the company counter a wider retail malaise. Australian billionaire Solomon Lew's mega business conglomerate Premier Investments has experienced a surge in shares after a stellar sales period. Recent political developments in the UK, including the appointment of Boris Johnson as Prime Minister, have added further political and economic uncertainty to an already distressed retail and landlord environment, the company said today. Fairfax Media Premier said it brought forward depreciation charges as it breaks lease options amid Brexit uncertainty. (news.financializer.com). As reported in the news.

student: His multimillion-dollar donation will be distributed through the school's new Student Success Program, according to CNN. In addition to paying off the debt of the 2019 graduates, this program will solicit and accept donations to help reduce or eliminate the student loan debt of other Morehouse students, school president David A. Thomas said. In May, Smith stunned students, their parents and school officials when he announced his offer during commencement. More than 400 graduates from Morehouse's Class of 2019, as well as their parents and guardians, will have their student loans paid thanks to Smith's gift, which spurred others to give, as well. So, we wondered what vehicle could we create to let others help in a way that's customized to their means. The school wants to gauge the social impact of debt elimination Read More What Smith did inspired other individuals to contact us to see if they could take part in the effort to reduce student debt, Thomas told CNN. Most of the people who were calling didn't have the kind of money that he had. (news.financializer.com). As reported in the news.

sunday: Krux function var var ; Skip to main contentsign up for Room State Watch Latino Polls12 30 Report Politics 101Floor Action In The Know Sunday Talk Shows Policy Defense Energy & & a contributor Congress & Security Sunday Shows Events Lawmaker Events Past UsFacebook Twitter Linked In The Hill 1996-2019 News Communication Terms & Conditions Privacy Policy Top Room State Watch Latino Polls12 30 Report Politics 101Floor Action In The Know Sunday Talk Shows Policy Defense Energy & Blog All Contributors - Campaign- Civil Rights- Criminal Justice- Education- Energy & Environment- Finance- Healthcare- Immigration- International- Judiciary- Technology- White House- Become A Twitter Linked In Search form Search Donald Trump Iran Corey The Untold Story ; 2020 Democrats defend climate priorities in MSNBC forum By Rebecca Beitsch - 09/20/19 05 14 PM EDT ; function var linkedin Script El if linkedin Script El null var share Linkedin El var script El script El.src script El.async true; script El.innerHTML lang en US ; ; Getty Images Democratic presidential hopefuls were eager to showcase their environmental bonafides in front of young voters at MSNBC's two-day climate forum this week as protesters across the globe demand action on climate change, according to MSNBC. The hourlong sessions gave candidates a chance to try and fill the void left since Washington Gov. 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next data url 462394; start Cache ; ; of Prev next Next .mostpopular--content Democrats defend climate priorities in MSNBC window. Jay Inslee Jay Robert Inslee2020 Democrats defend climate priorities in MSNBC forum Overnight Energy Trump officials formally revoke California emissions waiver EPA's Wheeler dodges questions about targeting San Francisco over homelessness 2020 Dems duke it out at second climate forum Yang floats nominating Inslee as 'climate czar' MORE, who centered his campaign on addressing climate change, dropped out of the race.ADVERTISEMENT Hosts Chris Hayes and Ali Velshi asked most of the candidates how they would prioritize climate change if they occupied the Oval Office given they have spent months focusing their campaign on a broader set of issues. It's the greatest existential threat to our way of life and our species. Climate change is at the top of that list. (news.financializer.com). As reported in the news.

trump administration: An important lawsuit California and 22 other states sued Friday to stop the Trump administration from revoking the authority of the nation's most populous state to set emission standards for cars and trucks, according to MSNBC. GM strike Thousands of Canadian auto industry workers have been furloughed, with more temporary layoffs coming, as negotiations on a new labor contract between General Motors and the United Auto Workers drags into its fifth day. Climate activism Crowds of children jammed the streets of major cities Friday in a global show of force to demand action on climate change, with many young people skipping school in protest and sharing a unified message aimed at world leaders. It's about time For the first time since it was formed after the 9/11 attacks, the Department of Homeland Security is adding white supremacist violence to its list of priority threats in a revised counterterrorism strategy issued Friday. A debate worth having For the first time in more than two decades, the House on Thursday gave the long-suffering movement for D.C. statehood a hearing, plunging back into the constitutional and political debate over whether the nation's capital should become the 51st state. The latest addition to the list of inflammatory comments from Ben Carson Housing and Urban Development Secretary Ben Carson allegedly made transphobic comments at a meeting with HUD staffers earlier this week. (news.financializer.com). As reported in the news.

dot-com stocks: Here we go Baby boomers are the worst investors in the world, according to Market Watch. I have seen it with my own two eyes. Before I begin, a good rule of thumb for anything I write Don't take anything personally. They got gorked up on dot-com stocks in 1999, then got rinsed. They are gorked up on stocks again. They got gorked up on stocks again in 2007, then got rinsed. (news.financializer.com). As reported in the news.

election victory: It was widely viewed as a historic moment for the party and a departure from a commitment to nationalisation and a left-wing economic agenda, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. The section in the Labour constitution setting out the party's aims and values was famously modified by Tony Blair in 1995 before his first general election victory. You can form your own view. Subscribe now The original 1917 wording drafted by socialists Sidney and Beatrice Webb committed the party to common ownership of the means of production, distribution and exchange. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. (news.financializer.com). As reported in the news.

indian economy: Photo AFP Global investors have sold 4.5 billion worth of Indian shares since June, the South China Morning Post SCMP reported, news that adds to the evidence that the Indian economy has begun to lose its luster, according to Global Times China. Fears of a global economic slowdown are rising as reliable figures indicate that both developed and developing economies have been hit hard by issues such as the US-launched trade war. Air coolers are in high demand during the summer months as temperatures rise above 40 C in many places on the Indian subcontinent. India, as a newcomer to the list of manufacturing powers, has showed less resilience to external uncertainties amid global economic slowdown. Although a stimulus plan has been unveiled, confidence in the economy is giving way to uncertainty. India's GDP growth tumbled to a six-year low of 5 percent in the April-June quarter. (news.financializer.com). As reported in the news.