NEW DELHI - India will not take away the Reserve Bank of India's (RBI) power to regulate trade in government bonds even as it prepares to remove the central bank's responsibility for managing public debt, the junior finance minister told Reuters in an interview.
MUMBAI - The government will continue the process of auctioning coal blocks after successfully putting 33 mines under the hammer earlier this year, a senior government official said on Tuesday.
ATHENS - Greek Prime Minister Alexis Tsipras said on Tuesday he was confident of an outline deal with international creditors within two weeks, after shaking up his negotiating team and sidelining his finance minister who has infuriated euro zone partners.
LONDON - Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.
ATHENS - Greek Prime Minister Alexis Tsipras said his government was working hard to reach an interim deal with EU and IMF lenders to unlock aid but that the two sides still disagreed on issues like labour reform and a proposed value-added tax hike.
LONDON - Britain's economy slowed in the first three months of this year, data is likely to show on Tuesday, potentially dealing a setback to Prime Minister David Cameron who has staked his re-election bid on the strength of the recovery.
RIGA - As the buses carrying European finance ministers left for a gala dinner in the Latvian capital on Friday night, one of the party hung back at the hotel and then wandered off alone into the dusk.
BENGALURU - The RBI is likely to cut interest rates again next month, with analysts polled by Reuters forecasting a strong probability that will act ahead of scheduled policy meetings, as it has done so far this year.
TOKYO - Japanese retail sales fell 9.7 percent in March compared with the same month last year, when sales had surged the most in 17 years ahead of a consumption-tax increase, government data showed on Tuesday.
RIGA - Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy.
NEW DELHI - India will be able to manage potential inflationary pressures if forecasts of sub-par monsoon rains this summer are borne out, junior finance minister Jayant Sinha told Reuters in an interview.