Finance

US Fed hikes interest rates after almost a decade by quarter of a percentage point

It signals faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.

Dec 17, 2015

Australian computer forensics police raid home of suspected Bitcoin creator

The raids follow Wired magazine outing Craig Steven Wright as perhaps the one who released bitcoin's code in 2009

Dec 9, 2015

India is fourth biggest exporter of illicit capital; China leads, says report

With an average annual outflow of $51.03 billion, India is the fourth biggest exporter of illicit capital.

Dec 9, 2015

PF deposits may earn more interest this fiscal: Report

EPFO has kept the interest rate on PF deposits unchanged at 8.75 in the past two financial years.

Dec 9, 2015

Bank of England approves capital calculation models of 19 insurers

Insurers use their internal models to determine how much capital they hold to meet policyholder commitments.

Dec 6, 2015

Turkey to find alternative energy suppliers: President Erdogan

Turkey imports 98 percent of its natural gas from Russia and Iran.

Dec 6, 2015

GST panel hands in suggestions; moots 17 to 18 percent revenue neutral rate

The revenue-neutral rate is the rate at which there will be no loss to both state and central governments.

Dec 4, 2015

Union Budget 2016: Are interest rates on retail deposits poised to go down?

Arun Jaitley said on Friday his government would have to 'move cautiously' on the subject.

Dec 4, 2015

StanChart warns errant Indian defaulters of tough action: Report

The bank's loan impairment in India in H1 this year rose to $483 million, up from $56 million, y-o-y.

Dec 4, 2015

ECB president Mario Draghi extends QE programme until March 2017

The European Central Bank has decided against an increase in the pace of the asset purchase programme, Mario Draghi announced at a press conference on 3 December.

Dec 3, 2015

Bond yields slump on RBI's OMO plan to infuse liquidity

At 9:08 a.m., the benchmark 10-year bond yield was down 5 basis points at 7.69%.

Dec 3, 2015

Six big global lenders give $100 bn for sustaining climate funding

The contributions may ensure that global development is sustainable and green.

Dec 1, 2015

IMF approves Chinas yuan for benchmark currency basket

The International Monetary Fund (IMF) on Monday (30 November) admitted Chinas yuan into its benchmark currency basket in a win for Beijings campaign for recognition as a global economic power.

Dec 1, 2015