Tuesday, Jun 25 2019 | Time 11:38 Hrs(IST)
  • Tribute to Madan Lal Saini: Rajya Sabha adjourned till 1400 hours
  • China launches 46th satellite of BeiDou navigation system - reports
  • ACB officials nabs police head-constable,his agent for accepting bribe of Rs 25,000
  • Omar lauds Kashmiri driver for returning cash, jewellery worth Rs 10 lakh to tourist
  • Hot morning in Delhi, min at 27 8 deg C
  • Sports Science – a key weapon in MP’s arsenal
  • No stone will be left unturned to fulfill dream of 'Housing for All': PM
  • Teenager drowns in Kashmir
  • US sanctions against Iranian leadership to close path of diplomacy with Iran - Ministry
  • Senior journalist arrested in Srinagar
  • Five killed, 40 injured as bus falls into gorge in Jharkhand
  • BJP Parl meeting deferred due to death of party leader Madan Lal Saini
  • BJP fields foreign minister Dr Jaishankar for RS polls from Gujarat
  • PM Modi, Shah pay homage to citizens, leaders those to resisted Emergency

Key overseas investment data show slide for third year

United Nations, Jun 13 (UNI) A successful global economy that leaves no one behind depends to a large extent on countries and companies investing in markets abroad – it’s a practice that’s known as foreign direct investment, or FDI.
Last year, however, global flows of FDI fell by 13 per cent, to US$1.3 trillion, UN trade and development experts UNCTAD said on Wednesday; representing a slide for the third consecutive year, according to a report of the UN News.
This is also the lowest level of FDI since the global financial crisis more than a decade ago, and it underlines the long-term downward pressure on international investment.
UNCTAD Secretary-General Mukhisa Kituyi, explained how tax reforms encouraging repatriation of capital in the United States in 2017, had played their part in the slide: “A large segment of the decline of FDI to developed economies was accounted for by the changing tax policy of the US, multinational enterprises with major investments in the developed economies who are taking back the resources that have been kept out because of taxation considerations.”
While investment flows to developed economies - such as those in Europe - fell to their lowest point since 2004, cash flows to developing countries in Africa rose by 11 per cent, to $46 billion, and to Asia by four per cent, while falling six per cent to Latin America and the Caribbean.
UNi SNU 1344
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