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India to speed up state bank mergers for broader economic revival

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NEW DELHI/MUMBAI India approved a proposal on Wednesday to set up a ministerial panel to speed up consolidation of state-run banks as part of its efforts to revive credit and economic growth.

Schaeuble wants bigger role for euro zone's bailout fund

BERLIN German Finance Minister Wolfgang Schaeuble wants to reform the euro zone's bailout fund so that it can play a stronger role in preventing crises in the single currency bloc, a spokeswoman said on Wednesday.

Budget 2017, 8:20pm IST

UK employers' hiring confidence lowest since Brexit vote, say recruiters

LONDON British employers' willingness to hire and invest has fallen to its lowest since last year's vote to leave the European Union, a survey by the recruitment industry showed on Wednesday.

Budget 2017, 4:37am IST

As tax debate heats up, U.S. Republicans tweak business interest plan

WASHINGTON Congressional Republicans, seeking to address the complaints of small businesses, are floating changes to their controversial proposal to eliminate business tax deductions for debt interest payments, business lobbyists said on Tuesday.

Budget 2017 2:17am IST

Microflats attract investor cash as millennials embrace co-living

Millennials priced out of London's traditional housing market are opting to rent tiny apartments in so-called "co-living" developments, a fast-growing area that private investors and venture capital are eager to tap into. | Video

Budget 2017, 7:45pm IST

Fed banks unanimous in keeping discount rate unchanged in July - minutes

WASHINGTON All of the Federal Reserve's 12 regional banks wanted to hold steady the rate commercial banks are charged for emergency loans ahead of the U.S central bank's last policy meeting, minutes from a discussion of the discount rate showed on Tuesday.

Budget 2017 22 Aug 2017

U.S. regulators propose delaying stricter capital rules for smaller banks

WASHINGTON U.S. bank regulators proposed on Tuesday holding off on implementing stricter capital rules for smaller banks while the agencies review ways to simplify requirements for less complex institutions.

Budget 2017 2:11am IST

Pakistan plans to raise $500 million to $1 billion via sukuk or Eurobond - sources

ISLAMABAD Pakistan plans to raise between $500 million to $1 billion in debt via an Islamic sukuk bond or a Eurobond later this year, two government sources told Reuters, amid growing concerns about the country's dwindling foreign currency reserves.

Budget 2017 11:13am IST

ECB policy may temporarily ease Europe's inequality

FRANKFURT The European Central Bank's ultra-easy monetary policy may actually reduce income inequality in Europe, ECB Vice President Vitor Constancio said on Tuesday, rejecting the argument that asset buys disproportionately benefit the wealthy.

Budget 2017, 22 Aug 2017

Ministers' panel to be set up to oversee state bank consolidation: Jaitley

NEW DELHI India's central cabinet has approved a mechanism to oversee consolidation in the state-run banking sector, Finance Minister Arun Jaitley said on Wednesday.

Top News, Budget 2017, 3:37pm IST

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