Economy News

Arun Jaitley sees better growth in H2 of 2014/15

Photo

NEW DELHI - India's economy is expected to do better in the second half of the fiscal year to March 2015, Finance Minister Arun Jaitley said on Thursday, adding that he expected to hit his revenue target.

Fed ends bond buying, shows confidence in U.S. recovery

WASHINGTON - The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as "significant" in a show of confidence in the economy's prospects.

Top News 11:06am IST

India bonds touch 13-month peak on reforms optimism

MUMBAI - The government bonds hit a 13-month high Thursday on hopes recent government reforms and likely rate cuts by the Reserve Bank of India (RBI) would help offset any impact of an earlier-than-expected increase in U.S. interest rates.

5:34pm IST

Trade, defense spending buoy U.S. third-quarter growth

WASHINGTON - A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter, but other details of Thursday's report hinted at some loss of momentum in activity.

7:22pm IST

India lifts domestic wheat purchase price by 3.6 pct

NEW DELHI - The government has raised the price it will pay to buy new-season wheat from local farmers by 3.57 percent to 1,450 rupees per 100 kg, encouraging the crop even though supply has exceeded demand for eight years.

Top News 29 Oct 2014

Fifty-one countries sign OECD pact to tackle tax cheats

BERLIN - Finance ministers and tax chiefs from 51 countries signed an agreement on Wednesday to automatically swap tax information, which Germany's finance minister said heralded the end of tax evasion via secret bank accounts.

29 Oct 2014

China banks' bad loans surge, credit crunch could spread west

HONG KONG/SHANGHAI - China's five biggest banks reported sharply rising bad loans for the third quarter as the economy slows, with one adding that a credit crunch squeezing small companies in the country's export-oriented eastern provinces may be spreading westwards.

8:35pm IST

World Bank urges China to cut economic growth target to 7 pct in 2015, focus on reforms

BEIJING - China can cut its economic growth target to 7 percent next year without hurting its labour market, the World Bank said on Wednesday even as it urged Beijing to get rid of rigid growth objectives.

29 Oct 2014

India to set up new process for appointing state bank officials

NEW DELHI - India decided late Monday to draw up a new process to appoint top officials at state-run banks, as part of its efforts to fix a distressed banking system that is hampering the economy's recovery from its longest slowdown in years.

Top News, 28 Oct 2014

Under full capital rules, 36 EU banks would have failed test

LONDON - Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 companies would have failed if new capital rules were fully applied.

28 Oct 2014

Markets

  • Asia
  • U.S.
  • Europe
  • Sectors
Stock Search
Nikkei 15,658.20 +104.29 +0.67%
Hang Seng 23,702.04 -117.83 -0.49%
Sensex 27,346.33 +248.16 +0.92%
EUR/INR 77.463 +0.09%
USD/INR 61.425 +0.24%
GBP/INR 98.286 +0.19%
Gold 1,202.10 -26.20 -2.14%
Oil 81.33 -0.87 -1.06%
Corn 374.25 -1.00 -0.27%
Photo

India's universal healthcare rollout to cost $26 billion

NEW DELHI - India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said.

REUTERS SHOWCASE

Airtel Profit Jumps

Airtel Profit Jumps

Bharti Q2 net profit more than doubles   Full Article 

Maruti Earnings

Maruti Earnings

Maruti Suzuki net profit up 29 percent, beats estimates.  Full Article 

ICICI Results

ICICI Results

ICICI Bank Q2 profit up 15 percent, beats estimates.  Full Article 

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Market at Record

Market at Record

Sensex, Nifty hit record highs; reforms outpace hawkish Fed.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

End Of QE

End Of QE

U.S. Fed ends bond buying, exhibits confidence in U.S. recovery.  Full Article 

Samsung Results

Samsung Results

Smartphone woes drag Samsung Elec Q3 profit to more than 3-year low.  Full Article 

Refining Margins

Refining Margins

BPCL aims to double refining margins with refinery expansion.  Full Article 

Reuters India Mobile

Reuters India Mobile

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