Early Headlines: Verizon-AOL and Yahoo!, Big Moves by Facebook, TPP Defeat, Australian Budget, Chicago Junk Debt, Amtrak Wreck, New Nepal Quake and More

May 13th, 2015
in News, econ_news, syndication

Early Bird Headlines 13 May 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.


Follow up:






  • China's FDI up 11.1 pct in Jan.-April (Xinhuanet) Amidst a series of softening economic numbers from China, FDI (foreign direct investment) has delivered a strong 4-month increase for January through April 2015 compared to the same period in 2014. For comparison, the first four months last year was up a slim 1.7% over 2013.
  • China says April economic growth within "reasonable range" (The Business Times) China's National Bureau of Statistics reported today that China's economic growth was within "a reasonable range" in April, in spite of "complicated and grim economic environment at home and abroad". The report mentioned an increase of 5.6% year-over-year for industrial output in April, the lowest number there since the Great Recession.


  • CBDT breather for FIIs on MAT issues (The Hindu) The Central Board of Direct Taxes (CBDT) said that it would hold off from issuing fresh demands for minimum alternate tax (MAT) from foreign investors, and advised taxmen not to take coercive action on demands already made, as a government-appointed committee looks into the issue.

South Korea

  • S. Korea's overseas investment up 5.2 pct in Q1 (Yonhap News Agency) South Korea's overseas direct investment rose 5.2% on-year in the first quarter, with investment in North America, including the United States, up 46.1% on-year and Europe up 19.5%. Investments in Asia and Latin America were down 34.1% and 12.3%,respectively. China (-36.5%) and Vietnam (-24.1%) took especially steep tumbles.
  • Korea, China and Japan resume trilateral FTA talks (The Korea Herald) South Korea, Japan and China began the seventh round of negotiations for the Korea-China-Japan joint Free Trade Area (FTA) in Seoul on Tuesday. The proposed FTA, if signed, will establish the first free trade zone among the three nations, which together account for 20% of the world's GDP at more than $16 trillion.



  • Dozens killed as another major quake hits Nepal weeks after deadly tragedy (The Washington Post) Early reports have documented at least 50 deaths from a strong 7.3 magnitude earthquake that struck Nepal Tuesday 12 May. With more major damage in remote villages where houses that were already ­wobbling collapsed completely and mountains cracked and slid, there are no estimates yet about how much the latest death toll may rise.
  • Search continues for U.S. helicopter missing in Nepal (CNN) A U.S. military helicopter with as many as eight people on board has gone missing in Nepal on one of the continuing relief missions in that country. CNN says in this report that at least 68 people have died in the latest 7.3 magnitude quake and its aftershocks. Good videos accompany this report.



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