Economy News

US President Obama rejects Keystone oil pipeline; Greens celebrate victory

"The pipeline would not make a meaningful long-term contribution to our economy," Obama said.

Nov 7, 2015

12 Pacific Rim countries sign pact to end currency manipulation

The pact would eliminate tariffs and integrate regulations throughout the Pacific Rim.

Nov 6, 2015

Oil prices rise as strong dollar, oversupply weigh fuel markets

Analysts say that the oversupply would pressurize oil markets.

Nov 6, 2015

Government joins monetary framework with RBI to curb inflation: PM

"Reforming to transform is a marathon not a sprint," emphasised PM Modi

Nov 6, 2015

India's distressed power sector relying on 'Uday' for new dawn

The outstanding debt of the distribution companies is Rs 3.8 lakh crore.

Nov 6, 2015

Gold schemes present wider choice for consumers: WGC

"We believe that the Indian Gold Coin will guarantee purity...," said WGC Managing Director Somasundaram PR.

Nov 6, 2015

China slowdown forcing MNCs to think of turning away

Companies find that double-digit growth of the first decade is now elusive.

Nov 6, 2015

Details of controversial Trans-Pacific Partnership trade pact released

Pact aims at freeing up commerce in 40 percent of the world's economy.

Nov 5, 2015

America offers 'help' to PM Modi to tackle 'bureaucratic' hurdles

"We stand ready to help India address its internal challenges," said Arun M Kumar, US Assistant Secretary of Commerce for Global Markets.

Nov 5, 2015

Modi launches three gold-related schemes

The World Gold Council says an estimated 23,000 tonnes of gold is lying idle with households and institutions in India.

Nov 5, 2015

Brazil: Petrobras' worst strike reduces oil output, deepens crisis

It's like the unions are saying, 'Hey, Petrobras is in intensive care. Let's pull the plug, a Brazil energy research company said.

Nov 5, 2015

Asia stocks fall as Fed hints at December interest rate hike

Central banks from Australia to Thailand have voiced their caution at their scheduled policy meeting this week.

Nov 5, 2015

Solar power tariff at all time low: Power Minister

Through reverse e-bidding, NTPC has received bids of Rs 4.63/kW.h by a US-based Sun Edison company.

Nov 5, 2015

Nokia: Only 45 percent of 3G capable devices have valid subscription

one in every four Indians has a capable 3G device, while 3G subscribers today are only at 100 million.

Nov 5, 2015

Star Wars The Force Awakens and Frozen merchandise driving UK toy market Christmas sales

Film-related products now account for 15% of all UK toy sales.

Nov 4, 2015