Economy News

Euro zone inflation may rise quicker than thought in 2017: ECB survey


FRANKFURT Euro zone inflation could accelerate more quickly than earlier thought but underlying price growth, a key measure watched by policymakers, will only rise slowly, the European Central Bank's Survey of Professional Forecasters showed on Friday.

Earnings misses, rising debts: Indian Railways turnaround hits buffers

GHAZIABAD, India India's mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious modernisation drive.

Top News, Budget 2017, 6:08am IST

Exclusive - 'If there's a shutdown, there's a shutdown,' Trump says

WASHINGTON President Donald Trump downplayed the severity of a potential government shutdown on Thursday, just two days shy of a deadline for Congress to reach a spending deal to avert temporary layoffs of federal workers.

Budget 2017, World 8:18am IST

Japan's March core inflation, manufacturing miss forecasts, keep pressure on BOJ

TOKYO Japan's core consumer prices rose at a slower than expected pace in March and household spending fell more than expected in a worrying sign for the central bank that domestic demand won't be strong enough to generate sustained inflation.

Budget 2017, Japan 8:20am IST

Trump steps back from brink of killing North American trade pact

WASHINGTON President Donald Trump said on Thursday he pulled back from the brink of killing the 23-year-old trade pact with Canada and Mexico after requests from their leaders and expressed optimism about winning better U.S. terms in a renegotiated deal. | Video

Budget 2017, 6:59am IST

In nod to oil industry, Trump to order review of offshore drilling bans

WASHINGTON U.S. President Donald Trump on Friday will order a review of offshore areas currently off limits to oil and gas drilling to determine which might be reopened, in his administration's latest move to expand domestic energy production.

Budget 2017 6:36am IST

ECB nods to euro zone recovery but keeps money taps wide open

FRANKFURT The European Central Bank stuck to its ultra-easy policy stance on Thursday as inflation continues to undershoot its target but explicitly acknowledged the vigour of the euro zone economy, now on its best run since the global financial crisis. | Video

Budget 2017, 27 Apr 2017

U.S. says it will take two years for Venezuela to leave OAS

WASHINGTON The United States on Thursday expressed concern over a plan by Venezuela to pull out of the Organization of American States but said the withdrawal is a two-year process by which time President Nicolas Maduro's current term would have expired.

Budget 2017 12:45am IST

Singapore's automation incentives draw tech firms, boost economy

SINGAPORE Foreign precision engineering firms are investing more in Singapore, drawn by strong semiconductor demand and government incentives aimed at re-tooling an economy short of skilled labour.

Budget 2017 4:36am IST

Saudis eye $200 billion in revenue as privatisation drive starts up

RIYADH The Saudi Arabian government believes it can raise around $200 billion in the next several years by selling stakes in state enterprises ranging from hospitals to airports and grain silos.

Budget 2017 12:04am IST


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Delhi High Court approves $1.18 billion settlement of Tata-DoCoMo dispute - TV

NEW DELHI The Delhi High Court has approved a settlement of the $1.18 billion dispute between Tata Sons and NTT DoCoMo , allowing the Indian firm to buy out the Japanese firm's stake in the telecoms joint venture, TV news channels reported on Friday.