WASHINGTON - The number of new applications for U.S. jobless benefits rose modestly last week and a gauge of the trend in claims fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates.
REUTERS - Indian manufacturing activity slowed more than expected to a seven-month low in September due to softening demand and output, a business survey showed on Thursday.
BEIJING - Activity in China's vast factory sector shrank again in September as demand softened at home and abroad, fueling fears that the world's second-largest economy may be cooling more rapidly than expected just a few months ago.
WASHINGTON/FRANKFURT - Central bankers who led the charge to pull the global economy from a cliff during the financial crisis now risk becoming bit players, ill-equipped to snap the world out of sluggish growth and its addiction to cheap credit.
BEIJING - China's factory activity fell to a more than 6-year low in September while growth in the once-resilient services sector came close to stalling, private surveys showed, fueling fears that the economy may be slowing more sharply than expected.
NEW DELHI - India's fiscal deficit narrowed to 3.69 trillion rupees ($56.3 billion) during April-August, or 66.5 percent of the full-year target, government data showed on Wednesday.
NEW DELHI - Indian banks have room to cut lending rates further, Reserve Bank of India (RBI) Governor Raghuram Rajan said in a television interview on Wednesday.
MUMBAI - When the Reserve Bank of India (RBI) cut interest rates by much more than expected this week, government officials hailed it as a victory after months of imploring Governor Raghuram Rajan for strong action. Now it is New Delhi that will need to deliver.
GENEVA - The World Trade Organization cut its forecasts for global goods trade on Wednesday after quarterly growth turned negative, with trade shrinking by an average of 0.7 percent in the first two quarters of this year.
MUMBAI - India needs to set long-term goals to insulate the farm sector from the vagaries of nature, Reserve Bank of India Governor Raghuram Rajan told a local television channel on Wednesday.
NEW DELHI - India has promised to shave a third off the rate at which it emits greenhouse gases over the next 15 years, in a long-awaited contribution towards reaching a deal to slow global warming at a U.N. climate summit in December.