Economy News

Azerbaijan: Luxury spa offers crude oil baths to its customers

Energy rich nation offers baths in Naftalan oil, which is said to have healing properties.

Jul 2, 2015

India's Exposure to Greece Crisis 'Very Limited': RBI Governor Raghuram Rajan

Rajan said that the country has sufficient foreign exchange reserves to contain uncertainty of the ongoing Greek crisis.

Jul 2, 2015

PM Alexis Tsipras Urges Greeks to Reject Bailout Deal

After writing a conciliatory letter to creditors asking for a new bailout, Tsipras abruptly switched back into combative mode in a television address.

Jul 2, 2015

Heathrow expansion: Boris Johnson defiant after Airports Commission backs third runway

Mayor of London and top Tory Boris Johnson claims the Heathrow expansion plan will not go ahead.

Jul 1, 2015

Greece debt crisis: Mass pro-EU rally held in Athens ahead of referendum

Referendum on 5 July could decide countrys future in Europe.

Jul 1, 2015

Greece Debt Crisis: Turkey Considers Extending Help with Cooperation in Tourism, Energy, Trade

"We are ready to help Greece survive its economic crisis with cooperation in tourism, energy, trade," Turkish Prime Minister Ahmet Davutoglu said.

Jul 1, 2015

Greece Becomes First Developed Economy to Default on IMF Payment

The IMF confirmed that Greece had not made its scheduled 1.6 billion euro loan repayment to the fund.

Jul 1, 2015

Greece Referendum: How Will it Impact Gold, Crude Oil & Sensex?

Greeks voting for austerity measures will lead to some renewed interest in stock markets and crude oil.

Jun 30, 2015

Edmund Shing: Is the China Growth Story Over?

This week Ed Shing talks about China.

Jun 30, 2015

Greece debt crisis: Tourists panic about access to cash as ATMs run out of money

Banking source says only 40% of cash machines in country have money in them.

Jun 30, 2015

Greece Goes into Anti-austerity Protests as Bank Shutdown Bites

With Greece hours away from defaulting on a 1.6 billion euro loan from the International Monetary Fund, the crisis has escalated quickly.

Jun 30, 2015

India, Thailand Ink Deal to Avoid Double Taxation

Both sides also inked an MoU on establishment of the Nalanda University.

Jun 30, 2015

Greeks queue by cash machines through the night as government imposes capital crontrols

Greeces government has closed the countrys banks and imposed capital controls amid the ongoing debt crisis.

Jun 29, 2015

India Requires $60 Billion More Forex to Weather Uncertainties, Says HSBC

The country's foreign exchange reserves currently stand at a new high at $355 billion.

Jun 26, 2015

RBI Governor Rajan to Global Central Banks: World Economy Could be Heading Towards Great Depression of 1930s

The RBI governor had correctly predicted the 2008 financial crisis.

Jun 26, 2015