Economy News

Paris steps up pitch to London bankers seeking to move


PARIS A leading French banker and a top Paris politician cranked up the French capital's campaign on Tuesday to attract London bankers shocked by the UK vote to leave the European Union, calling for tax incentives as competition with other financial centres heats up.

U.S. first-quarter GDP revised up, Brexit risk to outlook

WASHINGTON U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, and while there are signs of a pickup in the second quarter, analysts worry Britain's vote to leave the European Union could hurt activity later this year.

12:07am IST

India's wheat stock position comfortable - government statement

NEW DELHI The wheat stock position in India is comfortable as the government had 32.64 million tonnes in the central pool at the beginning of June, a government statement said on Tuesday.

Top News, 28 Jun 2016

Italy says Brexit is great opportunity for Europe

ROME Italian Prime Minister Matteo Renzi told parliament on Monday that Britain's vote to leave the European Union could be a "great opportunity" for the rest of the bloc to make long-needed changes.

World, 27 Jun 2016

Ratings agencies rip into UK's credit score after Brexit vote

LONDON Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy.

28 Jun 2016

Britain's Osborne says further volatility ahead but economy is strong

LONDON Finance minister George Osborne said Britain's vote to leave the European Union was likely to lead to further volatility on financial markets but said the economy was about as strong as it could be to cope with the challenge ahead.

27 Jun 2016

India's relaxation of foreign investment rules credit positive, Moody's says

MUMBAI India's decision to relax foreign direct investment in sectors including defence, aviation, and retail is a positive development for the country's sovereign ratings, said Moody's Investors Service on Monday.

Top News, 27 Jun 2016

German, French ministers to pitch plan for flexible EU - source

BERLIN The foreign ministers of Germany and France plan to present a paper to their colleagues from the European Union's six founding members on Saturday in which they will suggest a flexible EU, a diplomat with knowledge of the paper said.

24 Jun 2016

Analysis: Brexit shock triggers race to salvage EU

BRUSSELS Britain's shock vote to leave the European Union - the first time a member state has chosen to pull out - sends the post-World War Two unification process that has underpinned peace and prosperity on the continent into reverse.

24 Jun 2016

UK's Osborne says G7 central banks have taken steps for market liquidity

LONDON Britain's finance minister George Osborne said central banks from the Group of Seven economic powers have taken steps to ensure adequate liquidity in financial markets after the shock of Britain's decision to leave the EU.

24 Jun 2016


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