Economy News

India hungry for rate cut despite economic growth seen outstripping China


NEW DELHI - India's government and businesses are pushing for an interest rate cut next week even though data on Friday may show output is expanding faster than China's, in the latest sign of concerns that the figures are masking weaknesses in the economy.

Japan spending slump casts doubt on central bank optimism

TOKYO - Spending by Japanese households slumped unexpectedly in April and consumer inflation came in roughly flat, casting doubt on the central bank's view that a steady economic recovery will help move inflation toward its ambitious 2 percent target.

Japan 11:19am IST

As economies stumble, where is Southeast Asia's fiscal firepower?

JAKARTA - A slide in the Philippines' economic growth to its weakest in three years wraps up a slew of dismal data from Southeast Asia and adds pressure on governments to unleash some of their fiscal spending firepower given the limitation of monetary policy now.

4:22am IST

Greek crisis overshadows G7 growth talks

DRESDEN, Germany - The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery.

IMF 4:15am IST

Banks want RBI to do more than just cut rates to spur lending

MUMBAI - Bankers say the Reserve Bank of India should take steps to boost liquidity in addition to delivering a widely expected interest rate cut next week if it hopes to see lower lending rates and a pick-up in credit growth.

Top News, 28 May 2015

Market calm on Grexit an eerie recall of pre-Lehman bets

LONDON - Relative calm on global markets during the latest Greek debt standoff more closely reflects the low probability assigned to a euro exit than how contained such a shock could be.

28 May 2015

ECB might ease Greek restrictions if aid deal likely - source

LONDON - The European Central Bank might ease restrictions on how much short-term Greek government debt the country's banks can hold if becomes clear the euro zone will disburse long-awaited aid to Athens, a banking source said on Wednesday.

28 May 2015

Reuters poll - RBI expected to cut rates by 25 bps to 7.25 pct on June 2

REUTERS - The Reserve Bank of India is likely to cut its benchmark interest rate by 25 basis points to 7.25 percent when it meets early next week and make a similar move before December, according to the results of a Reuters poll.

Top News, 27 May 2015

G7 finance chiefs ponder flagging growth amid Greek crisis fears

DRESDEN, Germany - G7 ministers and central bank heads convened on Wednesday to discuss how to revive global growth and China's increasing clout, while keeping a close eye on the protracted talks to avoid a Greek default.

28 May 2015

UK May consumer confidence hits highest level in a year - YouGov/Cebr

LONDON - British consumer confidence surged this month to its highest level in a year as more households expected their finances to improve in the coming 12 months, a survey showed on Thursday.

28 May 2015


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Iconic motorbike maker Enfield eyes new markets to rev up growth

NEW DELHI - Iconic motorbike maker Royal Enfield, owned by India's Eicher Motors, is planning to push into Latin America and Southeast Asian markets to boost profits, CEO Siddhartha Lal told Reuters on Thursday.


Royal Enfield

Royal Enfield

Iconic motorbike maker Enfield eyes new markets to rev up growth  Full Article 

Sahara Case

Sahara Case

Sahara denies report of it bidding for Grosvenor House   Full Article 

Phone Towers Shut

Phone Towers Shut

Dozens of cell phone towers in Kashmir shut down after attacks  Full Article 

Merger of Chipmakers

Merger of Chipmakers

Avago to buy Broadcom for $37 billion in biggest-ever chip deal  Full Article 

Bharti Infotel Stake

Bharti Infotel Stake

Vodafone sells its stake in Bharti Infotel for $200 million  Full Article 

Tata Steel Unit

Tata Steel Unit

Unit sale talks continue but other options eyed  Full Article 

One Year of Modi

One Year of Modi

Stories, analyses, opinion, pictures on Modi govt's year in office  Full Coverage 

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