Economy News

Pakistan's promises to IMF in doubt as protests sap economy

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ISLAMABAD - Anti-government protests that have gripped Islamabad since mid-August could throw off course economic reforms Pakistan promised to deliver in return for an IMF bailout, senior officials said, raising the risk of a sovereign rating downgrade.

RBI amends Basel III guidelines for banks

MUMBAI - Indian banks can now issue Tier 2 capital with a minimum original maturity of 5 years as against 10 years previously, the Reserve Bank of India (RBI) said in a notification on Monday, amending some guidelines on Basel III implementation in India.

01 Sep 2014

Factory activity expands at slower clip in August

BANGALORE - Factory growth eased in August from July's 17-month record pace as new orders came in at a slower clip, a business survey showed on Monday.

01 Sep 2014

Japan and India vow to boost defence ties during summit

TOKYO - Japan and India agreed on Monday to strengthen defence ties as Asia's second and third biggest economies keep a wary eye on a rising China, with Prime Minister Narendra Modi lashing out at the "expansionism" of some nations.

Top News, Japan 01 Sep 2014

Tantrums, concubines, hotpot burns and smog: China insurers have it covered

HONG KONG - Your child throws a tantrum and smashes something? Take out "naughty child insurance". Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of the soccer World Cup, burning your tongue eating hotpot or if smog ruins your holiday.

01 Sep 2014

India better prepared for U.S. Fed rate hike - Rajan

NEW DELHI - India is better prepared to handle the impact of interest rate increases in the United States as foreign funds are less likely to desert the country due to signs of an upturn in economic growth, the Reserve Bank of India (RBI) chief said in an interview published on Sunday.

31 Aug 2014

India's growth speeds up in after-glow of Modi's triumph

NEW DELHI - The after-glow of Narendra Modi's election victory nearly four months ago helped India's lumbering economy register its fastest growth in two-and-a-half years for the quarter ending in June.

Top News, 29 Aug 2014

Indian banks' bad loan levels not 'scary' - RBI chief

NEW DELHI - The level of bad loans at Indian banks is a "concern" but is not "scary", Reserve Bank of India (RBI) Governor Raghuram Rajan said in a newspaper interview published on Sunday.

31 Aug 2014

April-July fiscal deficit at $53.7 billion

NEW DELHI - India's fiscal deficit in the first four months of the 2014/15 financial year was 3.25 trillion rupees ($53.7 billion), or 61.2 percent of the full-year target, government data showed on Friday.

29 Aug 2014

Vanishing euro zone inflation seen intensifying ECB policy headache

BRUSSELS/FRANKFURT - If euro zone inflation falls deeper into the 'danger zone' as expected on Friday, it will at the very least complicate the European Central Bank's plans to wait and see whether its recent policy move to ignite the euro zone economy will work.

29 Aug 2014

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Sensex surges past 27,000 to third consecutive life high

MUMBAI - The BSE Sensex on Tuesday surged past the psychologically key level of 27,000 to a third consecutive record high as blue-chips such as HDFC Bank gained after recent data raised hopes about the economy.

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage