Economy News

Unaffordable Housing: Most US Metros Way too Expensive for Average Earner

Most of the biggest metropolitan areas in the United States are way too expensive for the average worker in the country, surveys show.

Nov 14, 2014

Eurozone Inflation and Growth to Remain Low: ECB Survey

A recent survey of professional forecasters by the European Central Bank showed that inflation and growth in the region will remain low for the year due to oil prices slowdown and the sluggish economic recovery in the Eurozone.

Nov 14, 2014

US Luxury Home Sales Surge as Wealthy Investors Cash in on Property

Sales of multi-million dollar homes have surged across the US wealthy investors hope on cashing in on the bullish upscale property market of the country.

Nov 14, 2014

Government Hikes Excise Duty on Petrol, Diesel by ₹1.50 Per Litre

The hike has been declared in order to ensure that the exchequer too get to benefits with falling international prices.

Nov 13, 2014

India, US Agree on Food Stockpiling; End WTO Standoff

The World Trade Organisation is likely to approve India's new proposal, which is in agreement with United States.

Nov 13, 2014

JP Morgan, Citibank and UBS Among Banks Fined for Manipulating Foreign Exchange Market

The fines are perhaps the largest the Financial Services Authority or its predecessors have ever imposed.

Nov 12, 2014

US, UK and India To Grow Despite Global Economic Slowdown – Moody's

The US, UK and India will continue to post solid growth in the coming two years despite a slowdown in the Eurozone and other areas, according to Moody's Investors Service.

Nov 10, 2014

Top Five Factors that will Shape US Real Estate Future – CRE Report

As the US housing market continues its strong rebound, experts are counting on a better year ahead.

Nov 10, 2014

Air India Privatisation Possible in Future, Says Civil Aviation Minister

Raju said that state-owned Airports Authority of India and national helicopter company Pawan Hans be listed on the stock exchanges.

Nov 10, 2014

India Needs Chinese Steel for Modi's 'Make in India' to Succeed

India's steel imports from China, the world's biggest producer of the alloy, doubled in April-September.

Nov 10, 2014

US Housing Market Inching Toward Full Recovery – NAHB

The housing market recovery of the United States is right on track and is inching towards the finish line of a full upturn, according to the National Association of Home Builders (NAHB).

Nov 10, 2014