Economy News

Malaysia: Asean economy to rise 5.6% annually, says PM Najib Razak

He said he's confident that the FDI inflows will continue to increase in the future.

Nov 20, 2015

US: Volkswagen under pressure to buy back, fix cars after emissions scandal

California has set a 20 November deadline for VW to come up with a plan to fix the diesel cars affected by rigged emissions tests.

Nov 20, 2015

China SUV boom fades, carmakers stare at falling prices, sales

SUV prices dropped 3.4% in the first nine months of this year.

Nov 20, 2015

PM Modi's gold bond scheme does "reasonably" well

The bond sale closes on 20 November, 2015.

Nov 20, 2015

PM Modi: Terror threat and security issues to be discussed at East Asia Summit

Apart from security threats the visits to Malaysia and Singapore are aimed at improving economic and security cooperation.

Nov 20, 2015

Chinese yuan may enter IMF special basket with lower weightage

Last set in 2010, the basket is currently 41.9% dollar, 37.4% euro, 11.3% sterling and 9.4% yen.

Nov 20, 2015

Jack Dorsey's Square spurts in market debut, gains 45%

The shares jumped to $14.78 in early trading on Thursday, and closed at $13.07, booking a 45% gain.

Nov 20, 2015

7th pay panel recommendations to rev up car, home sales

The Commission recommended a massive 139% hike in house rent allowance (HRA) for the employees

Nov 20, 2015

India becomes hotbed of investment from Japanese households

Japanese retail investors, chasing higher yields and resilient assets, will provide Indian corporates source of capital.

Nov 20, 2015

Oil traders brace for fall in prices as warm winter expected

Crude futures have already lost around 60% of their value since mid-2014.

Nov 20, 2015

7th Pay Commission report submitted: 23.5% overall hike; OROP for govt staff, armed forces

The 7th Pay Commission report will be implemented from 1 January 2016.

Nov 19, 2015

Modi govt's gold deposit scheme not shining, attracts just 400 grams

Insufficient number of gold-testing centres preventing scheme from taking off, says industry official.

Nov 19, 2015

Indian agrochem sector business to touch $7.5 billion by 2018-19

Farmers using agrochemicals are not adequately informed about use and impact.

Nov 19, 2015

PM Modi, Google CEO Sundar Pichai among contenders for 'Time Person of the Year 2015'

Modi has already secured 1.3% of the votes in the current poll.

Nov 19, 2015

Businesses cannot reject new 100-yuan note, warns Chinese central bank

Many businesses refused it because money-scanning machines cannot identify the latest counterfeit features.

Nov 19, 2015