Economy News

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

Petrol, Diesel Price Cuts: Rupee Depreciation May Reverse Gains Soon

Even if Chinese yuan stops depreciating further, rupee can face trouble from a strengthening US dollar.

Aug 15, 2015

Modi Government's Progress Hindered by Bureaucracy and Politics: US Think Tank

Modi government was voted to power by "a new generation of Indians" who want instant results, says Hudson Institute.

Aug 14, 2015

RBI's Rajan Likely to Cut Key Rates in September as Inflation Drops

Analysts expect inflation to fall further in the coming months.

Aug 13, 2015

Retail Inflation Down, Factory Output Up

The growth in factory output was led by the manufacturing sector.

Aug 12, 2015

7th Pay Commission Recommendations to Push Government's Salary Bill to Over ₹ 1 lakh Crore: Finance Ministry

The 7th Pay Commission is likely to hike salaries of government employees by nearly 40%, says an analyst at Credit Suisse

Aug 12, 2015

Asian Currencies Pummelled as China Devalues Yuan Again: How a Global 'Currency War' Will Impact India

Yuan devaluation will further push back expectations of an RBI rate cut in near future.

Aug 12, 2015

Rupee Plunges to 2-Year Low on Yuan Devaluation Fears

The tumbling rupee led to a rise in share prices of Indian IT companies.

Aug 12, 2015

Dollar Lurches Higher as China Devalues Yuan to 3 Year Low

Chinese share markets were holding steady following hefty gains on Monday.

Aug 11, 2015

Indian Railways May Start Declaring Quarterly Results

Cash-starved Indian Railways aims to raise $120 billion over the next five years

Aug 10, 2015

Modi Government May Save Rs 88,800 Crore This Year From Cheaper Crude Oil Prices: Report

But the gains will be capped by a continued depreciation in Indian rupee

Aug 10, 2015

Oil Prices Drop as US Adds More Oil Rigs

US oil companies added more oil rigs this week despite the plunge in crude prices.

Aug 8, 2015

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Economy News

Chinese Yuan Strengthens by 3 Basis Points

Greek Bailout not to Exceed 86 Billion Euros: EU

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

Japan Economy Shrinks 1.6% in Second Quarter; Exports Slump

Petrol, Diesel Price Cuts: Rupee Depreciation May Reverse Gains Soon

Modi Government's Progress Hindered by Bureaucracy and Politics: US Think Tank

RBI's Rajan Likely to Cut Key Rates in September as Inflation Drops

Retail Inflation Down, Factory Output Up

7th Pay Commission Recommendations to Push Government's Salary Bill to Over ₹ 1 lakh Crore: Finance Ministry

Asian Currencies Pummelled as China Devalues Yuan Again: How a Global 'Currency War' Will Impact India

Rupee Plunges to 2-Year Low on Yuan Devaluation Fears

Dollar Lurches Higher as China Devalues Yuan to 3 Year Low

Indian Railways May Start Declaring Quarterly Results

Modi Government May Save Rs 88,800 Crore This Year From Cheaper Crude Oil Prices: Report

Oil Prices Drop as US Adds More Oil Rigs

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