Economy News

U.S. jobless claims rise modestly, still point to firming labor market


WASHINGTON - The number of new applications for U.S. jobless benefits rose modestly last week and a gauge of the trend in claims fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates.

Indian manufacturing growth falls to 7-month low in Sept

REUTERS - Indian manufacturing activity slowed more than expected to a seven-month low in September due to softening demand and output, a business survey showed on Thursday.

Top News, 01 Oct 2015

China activity surveys show economic conditions deteriorating, not crashing

BEIJING - Activity in China's vast factory sector shrank again in September as demand softened at home and abroad, fueling fears that the world's second-largest economy may be cooling more rapidly than expected just a few months ago.

01 Oct 2015

From heroes to bystanders? Central banks' growth challenge

WASHINGTON/FRANKFURT - Central bankers who led the charge to pull the global economy from a cliff during the financial crisis now risk becoming bit players, ill-equipped to snap the world out of sluggish growth and its addiction to cheap credit.

01 Oct 2015

China Sept Caixin factory, services PMIs signal more economic weakness

BEIJING - China's factory activity fell to a more than 6-year low in September while growth in the once-resilient services sector came close to stalling, private surveys showed, fueling fears that the economy may be slowing more sharply than expected.

01 Oct 2015

India's April-August fiscal deficit narrows to 66.5 pct of annual target - govt

NEW DELHI - India's fiscal deficit narrowed to 3.69 trillion rupees ($56.3 billion) during April-August, or 66.5 percent of the full-year target, government data showed on Wednesday.

30 Sep 2015

RBI chief: Banks have more room to cut lending rates

NEW DELHI - Indian banks have room to cut lending rates further, Reserve Bank of India (RBI) Governor Raghuram Rajan said in a television interview on Wednesday.

Top News, 30 Sep 2015

After steep rate cuts, RBI hands over baton to Delhi

MUMBAI - When the Reserve Bank of India (RBI) cut interest rates by much more than expected this week, government officials hailed it as a victory after months of imploring Governor Raghuram Rajan for strong action. Now it is New Delhi that will need to deliver.

Top News, 30 Sep 2015

WTO cuts trade forecasts after trade shrinks in first half of 2015

GENEVA - The World Trade Organization cut its forecasts for global goods trade on Wednesday after quarterly growth turned negative, with trade shrinking by an average of 0.7 percent in the first two quarters of this year.

30 Sep 2015

RBI chief Rajan: Need long-term goals to shield farm sector from vagaries of nature

MUMBAI - India needs to set long-term goals to insulate the farm sector from the vagaries of nature, Reserve Bank of India Governor Raghuram Rajan told a local television channel on Wednesday.

Top News, 30 Sep 2015


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India announces plan to slow rate of greenhouse gas growth

NEW DELHI - India has promised to shave a third off the rate at which it emits greenhouse gases over the next 15 years, in a long-awaited contribution towards reaching a deal to slow global warming at a U.N. climate summit in December.