Economy News

New govt promises low and stable tax regime for economic revival

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NEW DELHI - India's new government pledged on Friday to pursue a low, stable and simple tax regime as it looks to win back investor confidence and spur economic activity, both of which have nosedived due to mounting tax disputes.

India blocks WTO deal on customs rules as deadline nears

GENEVA - India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.

Top News, 25 Jul 2014

Brazil to pump up to $20 billion in credit into ailing economy

RIO DE JANEIRO/BRASILIA - Brazil's central bank on Friday announced measures to inject as much as 45 billion reais ($20 billion) in credit into the country's ailing economy, which is weighed down by the highest borrowing costs in nearly three years.

2:22am IST

Argentina fails to reach breakthrough in debt mediator talks

NEW YORK/BUENOS AIRES - Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.

2:17am IST

IMF cuts global growth outlook; India avoids ratings downgrade

WASHINGTON/MEXICO CITY - The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies.

IMF 25 Jul 2014

India's forex reserves rise to $317.85 bln as of July 18

- India's foreign exchange reserves rose to $317.85 billion as of July 18, compared with $317.04 billion in the week earlier, the Reserve Bank of India said on Friday.

25 Jul 2014

Markets' post-election enthusiasm lost on consumers

NEW DELHI - Software engineer Sanjay Bhatnagar used to watch a new Bollywood movie every week with his family, but now goes to the cinema once a month as spiralling costs of food and other staples eat into his budget for non-essentials.

Top News, 25 Jul 2014

Global economy starts second half on solid footing - PMIs

- China's factory activity expanded at its fastest in 18 months in July as new orders surged while the euro zone's private sector also perked up, suggesting the global economy started the second half of 2014 on a solid footing.

24 Jul 2014

U.S. jobless claims fall to lowest level since early 2006

WASHINGTON - The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction.

24 Jul 2014

Asian economies to struggle on weak export demand - Reuters poll

BANGALORE - The outlook for emerging Asia has dimmed further this year on weak demand for exports, although growth in India is expected to accelerate into 2015 even as China is held back in part by a slowing property market, Reuters polls showed.

24 Jul 2014

Markets

  • Asia
  • U.S.
  • Europe
  • Sectors
Stock Search
Nikkei 15,457.87 +173.45 +1.13%
Hang Seng 24,216.01 +74.51 +0.31%
Sensex 26,126.75 -145.10 -0.55%
EUR/INR 80.634 +0.00%
USD/INR 60.045 --
GBP/INR 101.91 +0.00%
Gold 1,294.80 +12.50 +0.97%
Oil 101.89 +0.02 +0.02%
Corn 362.50 +1.50 +0.41%
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India threatens to derail WTO deal, prompts angry U.S. rebuke

NEW DELHI/GENEVA - India threatened on Friday to block a worldwide reform of custom rules, which some estimates say could add $1 trillion to the global economy and create 21 million jobs, prompting a U.S. warning that its demands could kill global trade reform efforts.

REUTERS SHOWCASE

India-WTO Standoff

India-WTO Standoff

India threatens to derail WTO deal, prompts angry U.S. rebuke  Full Article 

Economic Pulse

Economic Pulse

New govt promises low and stable tax regime for economic revival.  Full Article 

IPO Probe Ends

IPO Probe Ends

Facebook says SEC's IPO probe ends, extending WhatsApp closing date  Full Article 

World Stocks

World Stocks

Goldman Sachs downgrades stocks to neutral for short term  Full Article 

Disappointing Results

Disappointing Results

Amazon's far-reaching ambitions, lack of profits, unnerve investors  Full Article 

Global Growth

Global Growth

IMF cuts outlook, warns of stagnation risk in rich nations  Full Article 

Market Eye

Market Eye

Nifty retreats from record highs on profit taking.  Full Article 

Waning Enthusiasm

Waning Enthusiasm

Markets' post-election enthusiasm lost on consumers.  Full Article 

Reuters India Mobile

Reuters India Mobile

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