NEW DELHI - The finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 percent decline in global crude oil prices since Prime Minister Narendra Modi took charge in May.
WASHINGTON - The net worth of Americans hit a record high in the second quarter as the stock market climbed, while household debt rose at its fastest pace since 2007 in a sign of growing confidence among U.S. consumers.
WASHINGTON - The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration.
WASHINGTON - The following are highlights of Federal Reserve Chair Janet Yellen's remarks at a press conference on Wednesday following the conclusion of the U.S. central bank's two-day policy meeting.
SYDNEY - G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalise regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth.
WASHINGTON - The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving.
REUTERS - Federal Reserve policymakers on Wednesday issued a revised blueprint for eventually returning monetary policy to a more normal setting, after years of near-zero interest rates and trillions of dollars of stimulus.
WASHINGTON - Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting.
NEW DELHI - The head of the Employees' Provident Fund Organisation (EPFO) says it has "no option" but to change its rules and put money into riskier investments by buying stocks for the first time to seek higher returns.
- The U.S. Federal Reserve on Wednesday renewed a pledge to keep interest rates near zero for a "considerable time" and repeated concerns over slack in the labor market, standing firm against calls to overhaul its policy statement.
NEW YORK - It is a rock 'n' roller's dream to "sell out The Garden," but for a foreign politician to pack New York City’s most famous sports and entertainment arena is another thing entirely.
India has no plans to increase food handouts - Food Minister Ram Vilas Paswan. Full Article