Economy News

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

India to Focus on Investments During Qatari Emir Tamim bin Hamad Al Thani's Visit

Investments in major infrastructure projects and 'Make in India' will be the main points of discussion.

Mar 24, 2015

Greece: ECB’s Mario Draghi gives guarded support

The head of the European Central Bank expressed cautious optimism for Greece.

Mar 24, 2015

Little China rising in the east: Londons new docklands business district to become an Asia hub

IBTimes UK looks at the huge-scale regeneration work taking place in Londons Royal Docks.

Mar 19, 2015

US Fed Reserve Signals Interest Rate Hike by Mid-Year

US central bank dropped an assurance to be "patienta" in raising interest rates and signalled the hike could come by mid-year.

Mar 19, 2015

George Osborne election budget: Chancellors opening shots fired ahead of general election

Economist William Keegan gives his views on the chancellors pre-election budget.

Mar 18, 2015

Frankfurt: ECB Protesters set fire to cars and burn barricades

Clashes between supporters of the anti-capitalist Blockupy movement and police continued in Frankfurt on 18 March as thousands of mostly young people descended on Germanys financial capital.

Mar 18, 2015

Edmund Shing: Predictions for George Osbornes Budget 2015 - tax cuts, but no giveaway

Chancellor George Osborne is sure to mimic Mr. Robertson in giving us all some jam today in Wednesdays Budget.

Mar 17, 2015

Christine Lagarde: India 'Bright Spot' in 'Cloudy' World Economy

India's output would exceed that of Russia, Brazil, and Indonesia — the next three emerging markets — combined, she predicted.

Mar 16, 2015

India: Wholesale Price Inflation Drops by 1.67% in One Month

The drop in wholesale price index was faster than expected.

Mar 16, 2015