Economy News

India's infrastructure output grows 3.2 percent y/y in August


NEW DELHI India's annual infrastructure output grew 3.2 percent in August, mainly aided by a pick up in the production of fertilisers and cement, government data showed on Friday.

India's end-June external debt at $479.7 billion - RBI

MUMBAI India's end-June external debt was at $479.7 billion, down $5.4 billion from end-March, largely driven by lower offshore borrowings by companies, the Reserve Bank of India (RBI) said on Friday.

Top News, 30 Sep 2016

China factory activity expands again in September - official PMI

BEIJING Activity in China's manufacturing sector expanded again in September, an official survey showed on Saturday, which may indicate that recent positive momentum can be sustained.

01 Oct 2016

UK's Hammond says Brexit deal should not harm economy - Telegraph

LONDON British controls on immigration following the country's referendum decision to leave the European Union must not be damaging for the economy, finance minister Philip Hammond was quoted as saying in the Daily Telegraph story on Friday.

01 Oct 2016

Some relief for big-spending ECB as euro zone inflation ticks up

BRUSSELS/FRANKFURT Inflation in the euro zone ticked up in September, data showed on Friday, giving the European Central Bank some confidence its stimulus programme is pulling the bloc's economy away from the deflationary brink.

30 Sep 2016

GLOBAL ECONOMY - China factories limp along, Japan inflation goes backwards

SYDNEY China's factory sector struggled to gain speed in September while Japanese inflation went backwards in August despite the best efforts of policymakers, underscoring the limits of stimulus in reviving world growth.

Japan 30 Sep 2016

Fever spreads - China's property speculators descend on inland cities

CHANGSHA, China/BEIJING Property speculators in China are looking for the next big thing beyond the country's major cities. And they may have found it in the inland city of Changsha.

30 Sep 2016

Fed's Yellen does not comment on economy in prepared remarks

WASHINGTON Federal Reserve Chair Janet Yellen made no comments on the outlook for U.S. economic and monetary policy in brief prepared remarks on Thursday regarding the importance of diversity in the financial sector.

30 Sep 2016

Japan CPI, consumption fall again as BOJ-weary households slash spending

TOKYO Japan's core consumer prices fell in the year to August, a sixth straight month of declines and a daunting challenge for the Bank of Japan's relaunched stimulus campaign.

Japan, 30 Sep 2016

Yellen says Fed purchases of stocks, corporate bonds could help in a downturn

WASHINGTON The Federal Reserve might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds, Fed Chair Janet Yellen said on Thursday.

30 Sep 2016


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Indians disclose $10 billion in hidden wealth in tax evasion amnesty

NEW DELHI A government amnesty targeting tax evasion in India has prompted tens of thousands of suspected tax dodgers to disclose nearly $10 billion in undeclared income, the finance minister said on Saturday.