Economy News

Japan threatens India with WTO on steel as Trump era heralds rising trade tensions


TOKYO Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high.

Trump trade strategy starts with quitting Asia pact - White House

WASHINGTON The new U.S. administration of President Donald Trump said on Friday its trade strategy to protect American jobs would start with withdrawal from the 12-nation Trans-Pacific Partnership (TPP) trade pact. | Video

Top News 21 Jan 2017

Global Economy Week Ahead - Trump to get first sign of U.S. economic health

BRUSSELS Donald Trump's policy plans in his first days in office are likely to dominate headlines in the coming week, but the new president himself will also get a first read-out on the health of the U.S. economy.

21 Jan 2017

Wall Street Week Ahead - Optimism among S&P 500 CEOs as Trump takes power

SAN FRANCISCO U.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits.

21 Jan 2017

Asia gold demand slows on higher prices

MUMBAI/BENGALURU Gold demand slowed in India this week as buyers postponed purchases on expectation of a cut in import duty and after a rebound in prices, while it was tepid across other major trading centres in Asia.

Top News, 20 Jan 2017

RBI working on plan to reduce online charges - sources

NEW DELHI The Reserve Bank of India is working on a plan to reduce online transaction costs as it tries to encourage more digital banking, two parliamentary panel members quoted central bank governor Urjit Patel as saying on Friday.

Top News, 20 Jan 2017

Morgan Stanley, Citi plan Brexit job moves - sources

LONDON/FRANKFURT U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters.

21 Jan 2017

Fears of economic "race to bottom", strong dollar in Davos

DAVOS, Switzerland A strengthening dollar and a "race to the bottom" on taxes, deregulation and trade policy are the major risks to an otherwise brightening global economy, financial leaders said on the final day of the World Economic Forum in Davos.

20 Jan 2017

BlackRock CEO says Trump economic policies may be 'loud, noisy and strong'

DAVOS, Switzerland Talks with members of the incoming Donald Trump administration suggest their economic policies will be "loud, noisy and strong" the head of BlackRock, the world's largest money manager, said on Friday.

20 Jan 2017

ECB's QE will not last forever: Coeure

FRANKFURT The European Central Bank's ultra-loose monetary policies will not last forever but it is still too early discuss winding down the bank's bond purchase programme, Executive Board member Benoit Coeure told CNBC on Friday.

20 Jan 2017


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SEBI may bolster rules on removing company directors - CNBC-TV18

MUMBAI India's market regulator is looking to tighten regulations related to the appointment and removal of directors from company boards amid an ongoing spat between the Tata group and its ousted chairman Cyrus Mistry, CNBC-TV 18 cited sources as saying on Sunday.