Economy News

British EU vote unnerves world leaders and markets

Britain's Prime Minister David Cameron is expected to stay on in a caretaker role until the UK Conservative Party elects a new leader.

Jun 27, 2016

Goldman sees post-Brexit UK recession; cuts EU, U.S. growth views

They expect the victorious "leave" outcome in the June 23 referendum to chop a cumulative 2.75 percent off UK gross domestic product in the next 18 months.

Jun 27, 2016

India to roll out new multiple-entry visa to attract foreign tourists

The multiple-entry visa may be offered for up to 10 years, however, the visitor will not be allowed to stay in India over a period of 60 days.

Jun 26, 2016

Gujarat's first regional flight takes off

The Gujarat government aims to create state-art-of-the-art civil aviation infrastructure.

Jun 26, 2016

Britain's credit rating slashed to 'negative' by Moody's, borrowing costs likely to rise

The slashing of Britain's rating from "stable" to "negative" would raise interest rates for business, government and households.

Jun 25, 2016

Brexit cost world equity markets $2.1 trillion

India's Sensex closed 2.24 percent lower, wiping out nearly 1.79 lakh crore in total investor wealth.

Jun 25, 2016

Early to gauge Brexit implication on world economy, says RBI Chief

Brexit may have some initial repercussion on the country, but India is relatively on a stronger path, feels Raghuram Rajan.

Jun 25, 2016

Indian garment exporters see opportunity in Brexit

The industry wants the government to negotiate a bilateral Free Trade Agreement with the U.K. to increase each other's trade prospects.

Jun 24, 2016

India's forex reserves hit record high of $363.83 billion amid market turmoil

Analsyts said FX reserves rose mainly on currency valuations.

Jun 24, 2016

Thomas Cook suspends online currency sales; Indians stand to gain from pound devaluation

The unexpected rise in demand for euros is an outcome of panic euro buying by British people after Brexit results.

Jun 24, 2016

Brexit: Bank of England wont hesitate to take additional measures after Brexit

Brexit: Bank of England wont hesitate to take additional measures after Brexit

Jun 24, 2016

Raghuram Rajan says strong fundamentals put India on firm footing despite Brexit

The Indian economy has good fundamentals, low short term external debt, and sizeable foreign reserves, said the RBI chief.

Jun 24, 2016

Brexit: FM Arun Jaitley says India 'prepared' to face consequences [FULL TEXT]

India is prepared to face the fallout of Britain voting to leave the 28-member EU in Thursday's referendum.

Jun 24, 2016

Sterling, global stocks in free fall as Britain votes to exit EU

While vote counting had not been concluded, major British television networks including ITV, the BBC and Sky News all called the result as a "Leave."

Jun 24, 2016

Asia policymakers ready to act as Brexit vote roils markets

Currencies and stocks were the most volatile, with the yen surging to its highest against the dollar in two-and-a-half years.

Jun 24, 2016