Economy News

OPEC Decides Against Oil Output Cut; Sends Prices Tumbling

Saudi Arabia uses its clout to maintain OPEC oil output resulting in prices going down further, targets US shale.

Nov 28, 2014

India Moving Towards Tax-Friendly Regime; Black Money Laws Need to be Changed, says Arun Jaitley

Finance Minister Arun Jaitley stresses on rectifying India's reputation which has taken a beating over the years

Nov 28, 2014

Black Friday Deals: Best US Cities To Buy Homes During the Holiday Season

Black Friday, the day after Thanksgiving officially marks the beginning of the festive season and the holiday shopping season and if you thought the massive deals were limited to consumer goods then think again, even houses come at a discount.

Nov 27, 2014

China's Growth Model Outdated; Will Current Reforms Save the Economy?

Experts say China's development model is "obsolete" and needs to be replaced "immediately".

Nov 27, 2014

GDP Growth to Slow to 5.1%, but no Rate Cut Yet

Consumer inflation slowed to 5.52 percent in October, its lowest reading on record, and despite Mumbai's soaring stock market there are no signs of economic growth picking up

Nov 27, 2014

OPEC Likely To Agree on Production Cuts, But Will it Really Work?

OPEC is poised to meet on Thursday in Vienna, Austria, to decide on an oil supply ceiling or a production cut.

Nov 26, 2014

Alibaba Founder Jack Ma Says he is Inspired by Modi's Speech

Ma says he is in favour of more business ties between India and China; and hopeful of more Indian vendors selling products to Chinese users via Alibaba

Nov 26, 2014

India too Dependent on China for Drug Ingredients: NSA

National Security Adviser (NSA) Ajit Doval says India's overdependence on China for sourcing raw material for drugs is not an ideal situation

Nov 26, 2014

RBI Under Rate Cut Pressure as Growth Slips Back

India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter

Nov 25, 2014

Russia Could Scale Back on Oil Production Ahead of OPEC Meet

Russia mulls limiting its annual oil production to 525 million tons due to falling prices and western sanctions.

Nov 25, 2014

'To Cut or not to Cut' - All Eyes on OPEC as Oil Prices Tumble

As oil prices continue to tumble southwards, the world is awaiting a "supply cut" decision from the Organization of Petrol Exporting Countries (OPEC), which is poised to meet on Thursday in Vienna, Austria.

Nov 24, 2014

Box Office Collection: 'Kaththi' Earnings Drop; 'Vanmam', 'Naaigal Jaakirathai' Lead in Chennai

The theatre collections and occupancy of "Kaththi" has dropped in the fifth week of its release.

Nov 24, 2014

Thanksgiving Turning into Black Friday? Why Stores are Unveiling Deals One Day Before Epic Sale

In a bid to ramp up sales and meet customer demand, several American retailers are expediting their deals meant to roll out on Black Friday, the great shopping event, to Thanksgiving Day.

Nov 24, 2014

How China's Clever Interest Rate Cut Gets Markets Excited; Will it Help the Economy?

The People's Bank of China (PBOC), the country's central bank, cut long term lending rates by 40 base points on Friday to buoy its faltering economy as a measure to avoid the hard market crash threatening the country. It also reduced its one-year deposit rate by 0.25 percent to 2.75 percent.

Nov 22, 2014

'Essential to Bring Back Inflation' – ECB Chief Expanding Bond-Buying Program

Mario Draghi, the head of the European Central Bank declared on Friday that they were committed to expanding their bond-buying program in order to stoke inflation and bring it back on track.

Nov 22, 2014