MUMBAI - Piramal Enterprises Ltd has tied up with Dutch pension fund APG Asset Management to invest $1 billion in Indian infrastructure companies over three years, in a move that would help indebted firms access funds to complete projects.
WASHINGTON - The U.S. Federal Reserve on Wednesday looks certain to press forward with its plan to wind down its bond-buying stimulus, and could offer some vague clues on how much nearer it might be to finally raising interest rates.
WASHINGTON - U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.
MUMBAI - India's measures to raise the investment limit for foreign institutional investors (FIIs) in government bonds is a positive for the country's credit profile since it will help stabilise domestic interest and currency rates, Moody's Investors Service said on Monday.
WASHINGTON - U.S. economic growth likely rebounded in the second-quarter from a winter-induced slump at the start of the year and will probably continue to gather momentum through the rest of 2014.
NEW DELHI - India's new government pledged on Friday to pursue a low, stable and simple tax regime as it looks to win back investor confidence and spur economic activity, both of which have nosedived due to mounting tax disputes.
GENEVA - India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.
RIO DE JANEIRO/BRASILIA - Brazil's central bank on Friday announced measures to inject as much as 45 billion reais ($20 billion) in credit into the country's ailing economy, which is weighed down by the highest borrowing costs in nearly three years.
NEW YORK/BUENOS AIRES - Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.
WASHINGTON/MEXICO CITY - The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies.
MUMBAI - Amazon.com Inc on Wednesday said it will invest a further $2 billion in India just a day after the country's largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector.