Economy News

Fed says economy improving; September rate hike in view

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WASHINGTON - The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. | Video

Japan June factory output subdued, second-quarter GDP contraction eyed

TOKYO - Japan's factory output rose modestly in June after posting a big drop in the prior month, highlighting worries of a possible contraction in the second quarter as exports slump and manufacturers are saddled with large inventories.

Japan 6:17am IST

Pressed by left, Greece's Tsipras vows "thus far and no further"

ATHENS - Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month.

World, 29 Jul 2015

Denials fly in war of nerves over Greek debt talks

ATHENS/BRUSSELS - Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting the depth of mutual mistrust over a new round of negotiations on an 86 billion euro bailout that started this week. | Video

29 Jul 2015

U.S. consumer mood darkens, home price growth stalls

NEW YORK - U.S. consumer confidence suffered its biggest blow in four years in July on a less upbeat jobs outlook, while home appreciation in major cities stalled in May, suggesting a spring pause in housing demand.

29 Jul 2015

Preview - U.S. Fed expected to push ahead with rate hike plan

WASHINGTON - The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September.

Top News, 29 Jul 2015

BoE's Cunliffe says no turning back the 'regulatory dial'

LONDON - Banks must make painful adjustments to how they operate in a post-crisis world and not rely on policymakers turning back the overall "regulatory dial", Bank of England Deputy Governor Jon Cunliffe said on Tuesday.

28 Jul 2015

China central bank - will make monetary policy changes as needed

BEIJING - China's central bank said on Tuesday that it will use various monetary tools to maintain appropriate levels of liquidity in the second half of this year .

28 Jul 2015

Greek creditors seek third wave of reforms before loan

BRUSSELS/ATHENS - International creditors want Greece to enact a third wave of politically sensitive reforms before they will release any money to keep the near bankrupt country afloat under a third bailout they began negotiating on Monday. | Video

28 Jul 2015

As Fed approaches rate hike, job growth shifts away from oil patch

TULSA, Oklahoma - The rebound in U.S. jobs, limited in the early part of the recovery to a handful of booming industries such as oil, has broadened across the country as old-line industrial areas such as Michigan and sun belt hubs like Florida pick up the slack.

28 Jul 2015

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Hang Seng 24,829.20 + 209.75 +0.85%
EUR/INR 70.104 +0.02%
USD/INR 63.924 +0.17%
GBP/INR 99.711 +0.15%
Gold 1,094.70 +2.10 +0.19%
Oil 48.98 +0.19 +0.39%
Corn 367.25 -0.50 -0.14%
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GM to invest $1 billion in India to boost exports

NEW DELHI - General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.

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Windows 10

Windows 10

Microsoft launches Windows 10 with an eye on mobile market  Full Article 

Thomson Reuters

Thomson Reuters

Profit beats, currency weighs on revenue  Full Article 

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