Economy News

El Nino Threatens to Parch India, Hit Agriculture; Food Prices may Rise

Changes of El Nino conditions appear to be materialising this year. This could result in increase in food prices in the short-term, says Nomura Holdings

Apr 17, 2015

Will Petrol, Diesel Price Cuts be Reversed?

Current scenario in the global crude oil markets remain different, with Brent crude oil price trading at $63 per barrel, the highest price level this year.

Apr 16, 2015

IMF: Currency shifts support global economic growth

Recent shifts in exchange rates should help the global economy, boosting Japan and Europe in particular, amid increasing divergence in the growth paths of the worlds major economies, the International Monetary Fund said on 14 April.

Apr 15, 2015

China's GDP Growth Slows to 6-year Low Despite Stimulus Measures

China's Q1 GDP expanded at the slowest since the first quarter of 2009, when the growth plummeted to 6.6 percent amid the global financial crisis

Apr 15, 2015

The future of air travel in the Middle East - Chance and challenge

There’s little doubt that the Middle East is rapidly becoming one of the world’s fastest growing aviation hubs. With an ever increasing global population, the region is continuing to grow as more and more people pass through to live, work or visit.

Apr 14, 2015

David Cameron promises triple whopper in Tory worker manifesto for buccaneering Britain

David Cameron has attempted to paint the Tories as the real party of working people as he launched his general election manifesto with three new big pledges.

Apr 14, 2015

Money Talks: Shells bumper BG deal could start wave of oil and gas takeovers

Has a rush to buy up oil and gas companies just started?

Apr 14, 2015

Led by India, South Asia Growing Fastest in the World: World Bank

A shift in growth pattern, from consumption-led to investment-led, could see India clocking high growth in 2016 & 2017, says World Bank.

Apr 14, 2015

India Tops Global Remittances List With $70 Billion

The country has topped the list for the second time.

Apr 14, 2015

CPI Inflation Likely to Go Up in March Due to High Food Prices: Economists

Domestic consumer inflation likely rose further in March, economists say.

Apr 13, 2015

Government's Aim to Double Exports by 2020 Looks 'Unrealistic': Report

The government's ambitious plan to almost double exports by 2020 from the current level is good, but the target looks 'unrealistic', says Capital Economics.

Apr 10, 2015

RBI May Cut Key Repo Rate Thrice By April 2016, Says Bank of America

Although the RBI kept policy rates unchanged at this week's monetary policy review meeting, the bank is expected to cut repo rate thrice by April 2016, says the bank.

Apr 10, 2015

Moody's Raises India's Outlook to Positive

There is a high probability that actions by policy makers will enhance the country's economic strength, Moody's said.

Apr 9, 2015

Make in India, Defence to Dominate Modi's 3-Nation Tour of France, Germany and Canada

Prime Minister Narendra Modi embarks on on a three-nation tour of France, Germany and Canada that will focus on boosting trade and economic ties.

Apr 9, 2015

Money Talks: Pension reforms - freedom, stealth tax or a scandal-in-waiting?

Radical changes in pension rules combined with lack of understanding could open the floodgates for mis-selling of new products.

Apr 8, 2015