Economy News

Global Economy Weekahead - Falling inflation a worry for Europe but also the world

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LONDON - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy.

China rate cut knocks legs from under yuan rally, more volatility seen

SHANGHAI - China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005.

23 Nov 2014

Long "to do" list for Modi as clock ticks on reform

NEW DELHI - Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts.

Top News, 21 Nov 2014

Factbox - Modi picks up pace on economic reform, opposition remains

NEW DELHI - Prime Minister Narendra Modi is increasing his focus on economic reforms including raising the cap on foreign investment in the insurance sector and changes to tax and labour rules that could accelerate recovery, but he faces stiff opposition.

Top News, 21 Nov 2014

Highlights - China explains its first rate cut in over two years

BEIJING - China cut interest rates for the first time in over two years on Friday to spur an economy that is sliding to its slowest growth in 24 years, but signalled that financial reforms were still on the cards by further freeing up the rates market.

21 Nov 2014

RBI says overseas borrowed funds can be parked with banks in India

MUMBAI - The RBI allowed external commercial borrowings to be parked with banks in the country as term deposits for up to six months pending their utilisation.

21 Nov 2014

Draghi throws ECB door open to money printing as global prospects dim

FRANKFURT - European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth.

21 Nov 2014

Fed focused on sunny side, downplayed global woes in October

WASHINGTON - The U.S. Federal Reserve wrestled with whether to nod to financial market volatility and a weakening global economy in its policy statement last month, but opted not to out of worry it could send an unwarranted signal of pessimism.

20 Nov 2014

Creaking euro zone, China sound warnings for global growth

LONDON/BEIJING - Surveys sounded warning bells for the global economy on Thursday as euro zone businesses grew less quickly than any forecaster expected and China's factories lost momentum.

20 Nov 2014

U.S. underlying inflation rising; labor market strengthening

WASHINGTON - Underlying inflation pressures pushed higher in October, even as falling gasoline prices kept overall U.S. consumer prices in check.

20 Nov 2014

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Coal India trade unions call off strike in victory for Modi

NEW DELHI - The labour unions of state-run Coal India have called off a strike planned for Monday in protest against a stake sale and opening up of the industry, setting the stage for Prime Minister Narendra Modi to press ahead with energy reforms.

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Reuters India Mobile

Reuters India Mobile

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