Economy News

Morgan Stanley Trims India's GDP Growth Forecast to 7.5%

Morgan Stanley cites below normal monsoon rainfall and subdued demand for country's exports as major reasons for the downward revision.

Sep 2, 2015

Oil Prices Fall Over 2% on Stronger than Expected Inventory

The fall comes after oil prices dropped to their lowest level in 6-1/2 years last week.

Sep 2, 2015

Chinese Shares Plunge Over 3% Amid Weak Economic Data

The stocks in textile machinery, automobile manufacturing and the steel industry reported the morning's biggest losses.

Sep 1, 2015

India's 7% Q1 GDP Growth Rate 'Overstating' Real Economy

"But the GDP data remain inconsistent with numerous other indicators...at best, the economy is in the early stages of recovery..." says Capital Economics

Aug 31, 2015

India Likely to Remain the Fastest Growing Economy Amid China's Struggles

India is expected to remain the fastest growing major economy for a second straight quarter.

Aug 31, 2015

Markets End on Quiet Note After Volatile Ride

The Fed is waiting to see how data and markets unfold over the coming weeks before deciding whether to raise rates at its meeting in mid-September

Aug 29, 2015

Prosecco: Everything you need to know about the UK’s favourite sparkling wine

What is Prosecco, is it better than Champagne and will sales continue to grow?

Aug 28, 2015

Chances of RBI Rate Cut in September High, Says Poll

But a recent rise in onion prices may weigh on food prices.

Aug 28, 2015

Save Brixton Arches: The local community fighting against eviction

Network Rail, the owner of the arches, announced plans to evict over 30 shops based in the arches.

Aug 28, 2015

Modi Government Fast-Tracks Business Projects; Proposals Worth Rs 6.5 Lakh Crore Being Implemented

About 38% of investment projects announced after PM Narendra Modi took charge as PM are "already in implementation mode."

Aug 27, 2015

Chinese Shares Open Higher at 10,076.09 Points

The Shenzhen Component Index opened 1.78 percent higher at 10,076.09 points.

Aug 27, 2015

Raghuram Rajan Rejected Advisory Panel's Recommendation for Rate Cut in August

One of the panel members even suggested a cut in repo rate by as much as 50 bps.

Aug 26, 2015

Upcoming F&O Expiry Drives Volatility; Sensex Down 326 Points

The Sensex touched a high of 26,156.61 points and a low of 25,657.56 points during intra-day trade.

Aug 26, 2015

Chinese Shares Open Higher after Central Bank Cuts Interest Rates

The benchmark Shanghai Composite Index opened at 2,980.79 points, up 0.53 percent.

Aug 26, 2015

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