Economy News

Crude Oil Near 6-1/2 Year Lows as China Economy Concerns Linger

With oil falling further, support is growing among non-Gulf members for action and even some Gulf officials are concerned about the latest drop in prices.

Aug 26, 2015

Falling Rupee May Pour Cold Water on Arun Jaitley's Call for Rate Cut by RBI

Some officials of the finance ministry are even lobbying "behind the scenes for immediate rate cut by as much as 50bps."

Aug 25, 2015

China stock market crash explained in 90 seconds

IBTimes UK explains what the shares slump in China means for investors.

Aug 25, 2015

Greece debt crisis: The Greek people are happy with the fight fought by Syriza

Greece solidarity co-chair Isidoros Diakides says Alexis Tsipras and Syriza offered hope for the Greek people.

Aug 25, 2015

'Make in India': Govt Receives Investment Proposals Worth Rs 90,000 crore in Two Months

Overall, the government has received proposals to the tune of nearly Rs 1.10 lakh crore in the past one year.

Aug 24, 2015

Hit by Negligence, Indian Railways Now an ICU Patient: Suresh Prabhu

The railway minister said the government would spend $120 billion in cash-starved public transporter in the coming five years.

Aug 22, 2015

Coal Prices Plunge to 12-year Lows as Demand from India, China Falls

The steady and sharp fall in coal prices has knocked down shares of big mining companies like BHP Billiton, Glencore and Rio Tinto.

Aug 19, 2015

Chinese Yuan Strengthens by 3 Basis Points

In the spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

Aug 19, 2015

Greek Bailout not to Exceed 86 Billion Euros: EU

Eurogroup approved Greek third bailout package worth up to 86 billion euros under the European Stability Mechanism on 14 August.

Aug 19, 2015

Moody's Trims India's Growth Forecast to 7% This Fiscal Year

India will also be "little affected" by the slowing demand in China, says Moody's.

Aug 18, 2015

Japan Economy Shrinks 1.6% in Second Quarter; Exports Slump

The gloomy data adds to signs that Japan's economy is at a standstill and heightens pressure on policymakers to offer additional monetary or fiscal stimulus later this year.

Aug 17, 2015