Economy News

Weak US Jobs Data Erases Hopes of Mid-Year Rate Hike by Fed

The US economy shows further signs of slowdown following a year of robust growth, casting doubts over the expected start of monetary policy normalisation by the Federal Reserve.

Apr 4, 2015

Salary Hikes to Disappoint Employees This Appraisal Season

Achche din (good days) are still far away, at least for those employed in certain sectors.

Apr 4, 2015

PM Modi Wants RBI to Use Indian Paper, Ink to Print Currency Notes

He brought out a strange irony: Mahatma Gandhi fought for swadeshi, but his photo appears on currency printed on imported paper.

Apr 2, 2015

India Slips to 119 on Global Business Resilience Index

The country was ranked at 112 in 2014. Norway retains its top position, while Venezuela is at the bottom at 130.

Apr 2, 2015

Falling Crude Oil Prices Pose Challenge to Nigeria's New President Muhammadu Buhari

Crude oil accounts for 95 percent of the country's total exports, 80 percent of revenues and 14 percent of gross domestic product (GDP).

Apr 1, 2015

Money Talks: Shop till you drop with Debenhams and SuperDry

A combination of rising employment, rising wages and lower petrol prices are driving greater consumer activity.

Mar 31, 2015

Will Foreign Investors Pull Out From India to Invest in China?

As the Indian stock market lags behind other emerging markets, particularly China, there is a feeling that money could fly out of the country to lucrative markets.

Mar 31, 2015

Crude Oil Prices Could Fall into $40-50 Range Again: Barclays

Already reeling from excess supply, crude oil prices may fall further if sanctions on Iran are eased, since supplies from Iran would double the surplus, currently estimated at 1.2 million barrels a day.

Mar 30, 2015

Long Bank Holidays to Disrupt Financial Transaction, Salaries, Says Assocham; Seeks Help From RBI

The banks will remain open for just two days between 28 March and 5 April.

Mar 29, 2015

Weak Dollar Boosts India's Forex Reserves to Hit Record High

India's foreign exchange reserves shot up to an all-time high of $340 billion for the week ending March 20, the Reserve Bank of India (RBI) said on Saturday.

Mar 28, 2015

London launches Europes first yuan money market fund

London launches Europes first yuan money market fund

Mar 26, 2015

Political Times: End of the road for Clarkson, Camerons VAT blow and Lord Brian May?

Senior politics reporter Ian Silvera rounds ups the week in Westminster.

Mar 26, 2015

UK housing minister: There is no silver bullet to fix the homes crisis

Brandon Lewis, housing and planning minister, says building more homes down to local councils.

Mar 26, 2015

China's 2015 Growth Target Difficult to Achieve, Say Analysts

China's economy appears to be slowing further as a private survey on Tuesday showed that manufacturing output contracted again in March, increasing the risks for the government to achieve its growth target of 7 percent this year.

Mar 24, 2015

India to Grow Faster than China in 2015-16, Says Asian Development Bank

The Asian Development Bank (ADB) estimates India's growth rate at 7.8 percent, higher than China's 7.2 percent, in 2015-16.

Mar 24, 2015