Economy News

Saudi Arabia will face crisis in 3-5 years if oil prices stay low: Investors

Investors predicted a broadly stronger dollar in 2016.

Nov 21, 2015

Indian economy performing well on all fronts, says PM Modi

Modi said that FDI flows have gone up across many key sectors.

Nov 21, 2015

ECB to act quickly to stop inflation from falling in Euro Zone

Mario Draghi highlighted changes to the ECB's asset purchase program and deposit rate as tools to stop inflation from falling further.

Nov 21, 2015

ECB willing to act fast on rates and raise inflation as quickly as possible

The European Central Bank is ready to act quickly to boost anaemic inflation in the euro zone, its president Mario Draghi said on Friday (20 November), highlighting changes to its asset purchase programme and deposit rate as possible tools. Draghis comments offered the strongest hint yet that the ECB will unveil fresh stimulus measures at its 3 December meeting to stop inflation from falling further below its target of just under 2 percent.

Nov 20, 2015

Nepal tightens controls on Indian rupee exchange as black market expands

The move is aimed to check the misuse of Indian currency as many traders were hoarding it.

Nov 20, 2015

World shares advance even as commodity prices plunge

Copper hovered at its lowest level since 2009 and nickel since 2003.

Nov 20, 2015

State finance ministers seek simplicity in GST at meeting

The GST, when implemented, would unify Asia's third-largest economy into a single market,

Nov 20, 2015

Pay hikes a risk factor for India's fiscal consolidation, warns Fitch Ratings

The pay hike could challenge the government's goal of achieving a fiscal deficit of 3.5% by March 2017.

Nov 20, 2015

Drop in public, private investments holding economy back: Raghuram Rajan

The RBI has cut its growth forecast for the current fiscal year to 7.4% from 7.6% previously.

Nov 20, 2015

'Face with tears of joy' emoji most popular on Twitter: Study

About 86% of emoji users are aged 24 or younger, with about 50% in the 18-24 age group.

Nov 20, 2015

Investors will need RBI nod to buy 5% shares in private sector banks

The buyer has to give an annual declaration to the lender that it remains a "fit and proper" investor.

Nov 20, 2015

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