Economy News

India sees higher growth even after economy loses steam


NEW DELHI India's economic growth slowed in the last quarter of 2015, adding to pressure on Prime Minister Narendra Modi's government to expedite stalled reforms in the next session of parliament when it presents its annual budget. | Video

Expert views: India's economy grows 7.3 pct in Oct-Dec quarter

MUMBAI India said its economy grew 7.3 percent in the October-December quarter from a year earlier, in line with expectations, and forecast that gross domestic product would expand an annualised 7.6 percent in the fiscal year ending in March. | Video

Top News 08 Feb 2016

COLUMN - India's fading oil product exports contrast with China's boom: Russell

LAUNCESTON, Australia - One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned.

08 Feb 2016

Doubting India's 'fastest-growing' GDP stats, economists devise their own

MUMBAI/NEW DELHI From rural motorbike sales to rail freight, economists and even the central bank are devising their own ways to measure Indian growth.

Top News, 05 Feb 2016

India says no rush on GM food but will not stand in way of science

NEW DELHI India needs more data before deciding whether to permit commercial growing of its first genetically modified food crop, Environment Minister Prakash Javadekar said on Friday, but indicated it would not stand "in the way of science" despite protests.

Top News, 05 Feb 2016

Japan Economy Minister Ishihara - Yen gains due to safe-haven flows

TOKYO Japanese Economy Minister Nobuteru Ishihara said on Tuesday the yen has been gaining recently because investors consider it to be a relatively safe asset amid growing concern about the outlook for oil prices and emerging markets.

Japan 6:20am IST

U.S. labour market on solid ground as jobless rate hits eight-year low

WASHINGTON U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labour market recovery remains firm.

Top News, 06 Feb 2016

Japan Aso warns against yen rise, describes moves as 'rough'

TOKYO Japanese Finance Minister Taro Aso on Tuesday warned against a recent rise in the yen and said he would continue to closely monitor the currency market.

Japan 5:40am IST

Japanese market close to reading last rites over Abenomics

TOKYO When Prime Minister Shinzo Abe launched his three-pronged programme to revive Japan's stagnant, deflationary economy three years ago, the stock market cheered every step along the way.

Japan 2:59am IST

COLUMN - Global oil demand growth is slowing going into 2016: Kemp

LONDON The United States was one of the biggest sources of oil demand growth in 2015 but the outlook for 2016 is much more muted, according to official forecasters.

04 Feb 2016


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RBI panel recommends guidelines for bond options

MUMBAI A central bank panel has issued recommendations for introducing bond options in India that include simple structured contracts and allowing companies to trade up to 50 million rupees ($736,024.73) without documented underlying exposures.