The Organization of the Petroleum Exporting Countries (OPEC) surprises the market by agreeing to a framework to cut production. The group reached a consensus that members need to reduce crude-oil production to lift petroleum prices, though reaching a deal is far from certain.CENTRAL ASIA
Turkey, Turkmenistan and Azerbaijan aim to increase connectivity. Turkey needs to preserve the existing business volumes in established markets like Russia and the Middle East and expand in markets that offer relatively safer business environments such as Turkmenistan, Kazakhstan, and Azerbaijan.
Better infrastructure and strong economic growth have helped lift India further up the World Economic Forumís competitiveness ranking. The South Asian nation leapt 16 places to number 39 out of the 138 countries rated, meaning the WEF saw it as more competitive than Brazil, Russia or South Africa in its Global Competitiveness Report for 2016-2017.
Thailand is studying plans to toughen tax collection rules for internet and technology firms like Alphabet Incís Google, the head of the Revenue Department told Reuters, as these companiesí tax affairs come under greater scrutiny in Southeast Asia. The plans would also cover the mobile transfers and internet payment sector
Chinese tourists took four billion domestic trips in 2015, twice as many as in 2010 and many more than the 122 million trips abroad, the government said.
Chinese investors pay a ”lucky” A$88,888,888.88 for a Sydney property, as new warnings emerge about a property bubble in the Australian city.