Economy News

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

Oil slumps after early returns show close Brexit vote

Early results from Britain's bitterly contested referendum showed a lead on Friday for supporters of leaving the European Union, contradicting opinion polls.

Jun 24, 2016

Indian firms go slow on foreign borrowings

Indian firms raised $1.32 billion from overseas markets in May as against $2.39 billion raised in May 2015, according to the RBI.

Jun 23, 2016

Govt lets you know subsidy on railway tickets so to 'rationalise' prices later

At present, Indian railways recovers only 57 percent of the travel cost on passenger tickets, a railway board member said.

Jun 23, 2016

Brexit or Bremain, EU members are already feeling the referendum heat: Report

A poll conducted recently stated that more than half of the citizens of Sweden, Denmark and Norway fear more countries could leave the EU.

Jun 23, 2016

Textile policy 2016: Cotton production holds the key to Modi government's export push

Cotton-based goods accounted for almost 90 percent of India's total textile exports of about $40 billion in 2015-16.

Jun 23, 2016

RBI Governor Raghuram Rajan views China as an 'inspiration'

Raghuram Rajan said that over the next 10 to 15 years, India would reach where China is today.

Jun 23, 2016

Oil rises as markets on tenterhooks ahead of Brexit vote

Once the Brexit vote is out of the way the oil market is likely to switch its focus to fundamentals.

Jun 23, 2016

Brexit: UBS warns of up to £350 billion loss in market capitalisation

In a note, Swiss financial services firm UBS said the London Stock Exchange's FTSE would gain if Britain decides to stay with EU.

Jun 22, 2016

7th Pay Commission: These Central govt employees see hope after meeting with FM Arun Jaitley

The 7th pay commission recommendations for government doctors could undergo an upward revision after the "assurance" apparently given by the finance minister.

Jun 22, 2016

Aviation ministry proposes simple entry-exit rules for airlines operating on regional routes

The civil aviation ministry's decision aims at bringing about maximum participation from domestic carriers.

Jun 22, 2016

Now, Arvind Subramanian faces BJP leader Subramanian Swamy's attacks

After targeting RBI governor Raghuram Rajan, BJP leader Subramanian Swamy is now training his guns at Arvind Subramanian.

Jun 22, 2016

SoftBank investors shrug off abrupt exit of heir apparent Arora

Nikesh Arora, a former Google executive, joined Softbank in 2014.

Jun 22, 2016

Brexit: George Soros warns of 'Black Friday', says leaving EU will make Brits poorer

The billionaire investor is of the view that Brexit would lead to job loss, currency devaluation and hit financial markets.

Jun 21, 2016

Find out where cricketers, bollywood stars and business tycoons are investing

Property rates in Worli, Mumbai, are skyrocketing and can cost up to Rs. 42,000 per sq.ft.

Jun 21, 2016