Economy News

China slowdown taking the sheen off Indias global diamond hub

A year ago, Indias diamond capital hit the headlines when one of the largest polishing companies in the western city of Surat treated hundreds of employees to bonuses in the form of Fiat cars, apartments and jewellery. This year, theres no sign of a repeat bonanza in a city that by some estimates polishes about 80 percent of the worlds diamonds. Sep 26, 2015

Yellen indicates Fed rate hike by year-end

The end of 2015 could finally see a rate hike from the US Federal Reserve, almost nine years after it signalled a regime of low rates in order to help global growth. The Feds chair Janet Yellen on Thursday 24 September, said she was confident of a US recovery amid a sluggish global economy and reiterated plans to withdraw the central banks extraordinary stimulus by year-end as long as inflation was stable and employment levels remained strong. Sep 25, 2015
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