Economy News

India's Wholesale Inflation Still Negative at 2.36%

The annual inflation rate based on the Wholesale Price Index (WPI) was recorded at 6.18 percent in May 2014.

Jun 16, 2015

Drought May Pour Cold Water on Modi Government's Ambitious Growth Target for FY16

A decline in farm output is likely to pull down the country's growth rate below 7.3, which was posted last fiscal year.

Jun 15, 2015

Rise in Inflation Undermines RBI Rate Cut Prospects

HSBC had forecast inflation to go up in the second half of this year due to El Nino effect.

Jun 12, 2015

Jaitley Asks Banks to Pass on Benefits of Rate Cuts by RBI to People; Home, Auto Loans May Become Cheaper

Jaitley has met chiefs of various banks to discuss about passing on the benefits of rate cuts by RBI to end users.

Jun 12, 2015

Protesters occupy Greek finance ministry

Greek Communist party labour union supporters occupied the finance ministry on Thursday (11 June) and prevented staff from entering over fears that the government will agree to further concessions in order to come to a cash-for-reform deal with lenders.

Jun 11, 2015

India to Lead Global Growth in 2015: World Bank

This, even as developing countries are now estimated to grow by 4.4 percent this year, according to the Bank.

Jun 11, 2015

George Osborne ready to sell off RBS at a loss

Chancellor of the Exchequer George Osborne said on Wednesday (June 10) he will seek to bind future governments to his vision of permanent budget surpluses, something only rarely achieved in modern Britain.

Jun 11, 2015

World Bank Puts India in Top Five Emerging Economies in Private Infra Investment

Chinese investment in 2014 at $2.5 billion declined to its lowest level since 2010, says World Bank.

Jun 10, 2015

Almaty Winter Olympics bid based on strong economy

Almaty could meet all the International Olympic Committees requirements accommodation, budget and human rights if it won the right to stage the 2022 Winter Olympics, said the vice-chairman of the citys bid committee on Tuesday (9 June).

Jun 9, 2015

Edmund Shing: Royal Mail, Lloyds and RBS: Should you buy in the great UK government share sell-off?

Chancellor George Osborne doesnt want to hold on to Lloyds, RBS and Royal Mail

Jun 9, 2015

India-US Trade at $103 bn, Can Reach $500 bn: US envoy

India and the US are "partnering more closely than ever before".

Jun 6, 2015

Govt Appoints Panel to Evaluate Controversial New GDP Series

The panel has been asked to review manufacturing data used to calculate GDP growth.

Jun 5, 2015

India's Black Money Exceeds Govt's Expenditure on Education and Health

The report found more illicit money flowing out of poor countries.

Jun 5, 2015

All Eyes on OPEC Meeting; No Chance of Cut in Oil Output

OPEC may also be little interested to consider Iran's proposal to allow more oil exports from the country.

Jun 4, 2015

Birmingham: City plans 1 million sq ft of office space to rival London for business

The UKs second largest city wants to become a global financial services hub by 2030.

Jun 4, 2015