Economy News

Greeces Yanis Varoufakis says talks with euro zone have made progress

Greek Finance Minister Yanis Varoufakis said on 24 April that talks with his euro zone peers had improved over the past few weeks.

Apr 24, 2015

Below Normal Monsoon to Weigh on Inflation, Growth This Year

The second consecutive year of weak monsoon will adversely the agricultural activity in the nation resulting in rise the food inflation.

Apr 23, 2015

All Eyes on IMD Monsoon Forecast; Will El Nino Result in Poor Rainfall?

Many agencies including the IMD see a high probability of the occurrence of El Nino, a condition that is linked to poor monsoons in the country

Apr 21, 2015

As Petrobras scandal spreads, economic toll mounts for Brazil

Tens of thousands of Brazilian workers have taken the latest hit in the multi-billion dollar corruption scandal involving state oil company Petrobras

Apr 21, 2015

Edmund Shing: Grexit Today, Brexit Tomorrow?

How much longer can the Greeks struggle on before default and the dreaded Grexit?

Apr 21, 2015

India's Investment Climate 'Better' Than Other BRIC Countries, Says Report

Most companies in Germany, the largest economy in the eurozone, now see India as the best performing nation among BRIC members, according to a study.

Apr 20, 2015

Will and Kates Royal baby boom set for UK economy

The Duke and Duchess of Cambridge are expecting the birth of their second child any day now. The birth of a brother or sister for Prince George will of course delight the royal family and the nation, but the safe arrival of the new baby will also give a boost to the UK economy.

Apr 17, 2015

Crude Oil's 10% Rally This Week is Not Justified: Commerzbank

Brent crude oil prices increased to $65 per barrel on Friday, its highest level in more than four months.

Apr 17, 2015

Moody's Less Optimistic on India's GDP Growth

Moody's Analytics forecasts India to grow by 7.3% in the current fiscal year.

Apr 17, 2015

El Nino Threatens to Parch India, Hit Agriculture; Food Prices may Rise

Changes of El Nino conditions appear to be materialising this year. This could result in increase in food prices in the short-term, says Nomura Holdings

Apr 17, 2015

petrol-price-cut-by-rs-2-42-per-litre-and-diesel-by-rs-2-25-a-litre

Will Petrol, Diesel Price Cuts be Reversed?

Current scenario in the global crude oil markets remain different, with Brent crude oil price trading at $63 per barrel, the highest price level this year.

Apr 16, 2015

IMF: Currency shifts support global economic growth

Recent shifts in exchange rates should help the global economy, boosting Japan and Europe in particular, amid increasing divergence in the growth paths of the worlds major economies, the International Monetary Fund said on 14 April.

Apr 15, 2015

China's GDP Growth Slows to 6-year Low Despite Stimulus Measures

China's Q1 GDP expanded at the slowest since the first quarter of 2009, when the growth plummeted to 6.6 percent amid the global financial crisis

Apr 15, 2015

The future of air travel in the Middle East - Chance and challenge

There’s little doubt that the Middle East is rapidly becoming one of the world’s fastest growing aviation hubs. With an ever increasing global population, the region is continuing to grow as more and more people pass through to live, work or visit.

Apr 14, 2015

David Cameron promises triple whopper in Tory worker manifesto for buccaneering Britain

David Cameron has attempted to paint the Tories as the real party of working people as he launched his general election manifesto with three new big pledges.

Apr 14, 2015