Economy News

Falling crude prices helps India control fiscal deficit

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NEW DELHI - The finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 percent decline in global crude oil prices since Prime Minister Narendra Modi took charge in May.

U.S. household net worth rises to record $81.5 trillion

WASHINGTON - The net worth of Americans hit a record high in the second quarter as the stock market climbed, while household debt rose at its fastest pace since 2007 in a sign of growing confidence among U.S. consumers.

19 Sep 2014

U.S. jobless claims data point to firming labor market

WASHINGTON - The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration.

18 Sep 2014

HIGHLIGHTS - Fed chief Yellen's remarks at press conference

WASHINGTON - The following are highlights of Federal Reserve Chair Janet Yellen's remarks at a press conference on Wednesday following the conclusion of the U.S. central bank's two-day policy meeting.

18 Sep 2014

As growth stalls, G20 seeks closure on regulations

SYDNEY - G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalise regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth.

World 18 Sep 2014

Fed renews zero rate pledge, but hints at steeper rate hike path

WASHINGTON - The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving.

Top News, 18 Sep 2014

FACTBOX - U.S. Fed's new plan to normalize monetary policy

REUTERS - Federal Reserve policymakers on Wednesday issued a revised blueprint for eventually returning monetary policy to a more normal setting, after years of near-zero interest rates and trillions of dollars of stimulus.

18 Sep 2014

TEXT - FOMC statement from Sept 16-17 meeting

WASHINGTON - Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting.

18 Sep 2014

Interview - EPFO chief urges green light to buy stocks

NEW DELHI - The head of the Employees' Provident Fund Organisation (EPFO) says it has "no option" but to change its rules and put money into riskier investments by buying stocks for the first time to seek higher returns.

Top News, 17 Sep 2014

Expert Views - U.S. Fed maintains guidance, expects rate hikes at quicker pace

- The U.S. Federal Reserve on Wednesday renewed a pledge to keep interest rates near zero for a "considerable time" and repeated concerns over slack in the labor market, standing firm against calls to overhaul its policy statement.

18 Sep 2014

Markets

  • Asia
  • U.S.
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  • Sectors
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Nikkei 16,205.90 -115.27 -0.71%
Hang Seng 23,837.07 -118.42 -0.49%
Sensex 26,775.69 -431.05 -1.58%
EUR/INR 78.529 +0.31%
USD/INR 60.923 -0.03%
GBP/INR 99.824 +0.14%
Gold 1,213.40 +1.50 +0.12%
Oil 91.40 +0.53 +0.58%
Corn 330.00 -0.25 -0.08%
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PM Modi to get rock star reception in New York

NEW YORK - It is a rock 'n' roller's dream to "sell out The Garden," but for a foreign politician to pack New York City’s most famous sports and entertainment arena is another thing entirely.

REUTERS SHOWCASE

Modi's U.S. Trip

Modi's U.S. Trip

PM Modi to get rock star reception in New York.  Full Article 

Northeast Floods

Northeast Floods

Landslides and floods kill 22 in northeast India.  Full Article 

Food Subsidy

Food Subsidy

India has no plans to increase food handouts - Food Minister Ram Vilas Paswan.  Full Article 

Importing Iron Ore

Importing Iron Ore

JSW Steel to import 10 mln T of iron ore due to local shortage.  Full Article 

Mars Mission

Mars Mission

India's Mars mission a step closer to success with engine test  Full Article 

Bumper Sales

Bumper Sales

Apple sells more than 10 mln new iPhones in first three days  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage