Economy News

OPEC Likely To Agree on Production Cuts, But Will it Really Work?

OPEC is poised to meet on Thursday in Vienna, Austria, to decide on an oil supply ceiling or a production cut.

Nov 26, 2014

Alibaba Founder Jack Ma Says he is Inspired by Modi's Speech

Ma says he is in favour of more business ties between India and China; and hopeful of more Indian vendors selling products to Chinese users via Alibaba

Nov 26, 2014

India too Dependent on China for Drug Ingredients: NSA

National Security Adviser (NSA) Ajit Doval says India's overdependence on China for sourcing raw material for drugs is not an ideal situation

Nov 26, 2014

RBI Under Rate Cut Pressure as Growth Slips Back

India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter

Nov 25, 2014

Russia Could Scale Back on Oil Production Ahead of OPEC Meet

Russia mulls limiting its annual oil production to 525 million tons due to falling prices and western sanctions.

Nov 25, 2014

'To Cut or not to Cut' - All Eyes on OPEC as Oil Prices Tumble

As oil prices continue to tumble southwards, the world is awaiting a "supply cut" decision from the Organization of Petrol Exporting Countries (OPEC), which is poised to meet on Thursday in Vienna, Austria.

Nov 24, 2014

Box Office Collection: 'Kaththi' Earnings Drop; 'Vanmam', 'Naaigal Jaakirathai' Lead in Chennai

The theatre collections and occupancy of "Kaththi" has dropped in the fifth week of its release.

Nov 24, 2014

Thanksgiving Turning into Black Friday? Why Stores are Unveiling Deals One Day Before Epic Sale

In a bid to ramp up sales and meet customer demand, several American retailers are expediting their deals meant to roll out on Black Friday, the great shopping event, to Thanksgiving Day.

Nov 24, 2014

How China's Clever Interest Rate Cut Gets Markets Excited; Will it Help the Economy?

The People's Bank of China (PBOC), the country's central bank, cut long term lending rates by 40 base points on Friday to buoy its faltering economy as a measure to avoid the hard market crash threatening the country. It also reduced its one-year deposit rate by 0.25 percent to 2.75 percent.

Nov 22, 2014

'Essential to Bring Back Inflation' – ECB Chief Expanding Bond-Buying Program

Mario Draghi, the head of the European Central Bank declared on Friday that they were committed to expanding their bond-buying program in order to stoke inflation and bring it back on track.

Nov 22, 2014

US Existing Home Sales Surge in October Crossing Year-Over-Year Gains

Existing home sales in the United States rose for the second consecutive month in October 2014, crossing year-over-year gains for the first time, according to The National Association of Realtors (NAR).

Nov 21, 2014

India to Invest $4 Billion in Power industry to Wipe Out Theft Problem

The Indian Power Ministry announced on Thursday that it will invest $4 billion (INR 25,300 crore) in the power industry to roll out a new metering system and upgrade power distribution networks around the country to help tackle the power theft issue.

Nov 21, 2014

Japan's Exports Improve in October; is 'Abenomics' Really Working?

Japan's exports index rose to the highest level in eight months in October after the economy slid into recession a three months ago

Nov 20, 2014

US Homebuilder Confidence Improves as Property Market Gears up for More Buyers

US home builders' confidence rebound four points in November after falling for the first time last month, according to the National Association of Home Builders' latest Housing Market Index (HMI) as more the real estate market gears for more buyers.

Nov 19, 2014

China Home Prices Continue to Decline Despite Government Stimulus

Home prices across major cities in China, the second largest economy in the world, continued to decline despite the government's constant efforts to control the slowdown.

Nov 18, 2014