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India eyes extra $7.7 billion spending to halt economic slowdown: government sources

NEW DELHI India's government is considering a plan to loosen its fiscal deficit target to enable it to spend up to 500 billion rupees ($7.7 billion) more to halt an economic slowdown, two government officials with direct knowledge of the plan said on Thursday.

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WTO says global trade rebounding, protectionism still a risk

GENEVA Global trade is rebounding strongly but risks remain, the World Trade Organization said on Thursday, with commerce expected to grow by 3.6 percent in 2017, well above last year's 1.3 percent.

China's central bank tells banks to stop doing business with North Korea: sources

BEIJING/HONG KONG China's central bank has told banks to strictly implement United Nations sanctions against North Korea, four sources told Reuters, amid U.S. concerns that Beijing has not been tough enough over Pyongyang's repeated nuclear tests.

Budget 2017, 12:13am IST

Exclusive: U.S. Homeland Security found SEC had 'critical' cyber weaknesses in January

WASHINGTON The U.S. Department of Homeland Security detected five "critical" cyber security weaknesses on the Securities and Exchange Commission's computers as of January 23, 2017, according to a confidential weekly report reviewed by Reuters.

Banks won't be allowed to do business with both U.S. and North Korea: Mnuchin

NEW YORK U.S. Treasury Secretary Steven Mnuchin said on Thursday that banks doing business in North Korea would not be allowed to also operate in the United States under a new sanctions order aimed at thwarting Pyongyang's nuclear and missiles program.

Budget 2017, 12:54am IST

Billionaire L'Oreal heiress Bettencourt dies aged 94

PARIS French businesswoman and billionaire Liliane Bettencourt, whose family founded L'Oreal and still owns the largest stake in the cosmetics giant, has died aged 94, her daughter said on Thursday.

Top News, Budget 2017, 12:04am IST

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