Economy News

Crank up public spending to revive growth - chief economic adviser

Photo

NEW DELHI - India should increase public spending to boost economic growth in the medium term as there have been no signs of private investment picking up, chief government economic adviser Arvind Subramanian said on Friday.

India says hitting 2014/15 fiscal gap target a 'major challenge'

NEW DELHI - India faces a "major challenge" in achieving its 2014/15 fiscal deficit aim of 4.1 percent of gross domestic product, its lowest in seven years, the finance ministry said in a report on Friday.

19 Dec 2014

India's chief economic adviser suggests investment stimulus

NEW DELHI - India should increase public sector spending to revive economic growth in the medium term, a move that would require reviewing all fiscal targets, its chief economic adviser said on Friday.

19 Dec 2014

EU leaders agree investment package to boost economy

BRUSSELS - European Union leaders endorsed a new investment programme intended to kick-start economic growth in the bloc at a summit in Brussels, which its chairman said would end late on Thursday, half a day earlier than planned.

19 Dec 2014

Fed confident on U.S. growth, opens door wider to rate hike

WASHINGTON - The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy.

18 Dec 2014

Russian turmoil unlikely to slow Fed's cruise to first rate hike

REUTERS - The U.S. Federal Reserve stared down a volatile global economy in October to keep its plans for an eventual interest rate hike on track, and is likely to do so again this week amid plunging oil prices and a potential currency crisis in Russia.

17 Dec 2014

Asia central bankers on guard but feel safe from Russia currency crisis

JAKARTA/MUMBAI - Asian central bankers are on guard but say they are not overly concerned that the Russian rouble's collapse will trigger a big sell-off of their own currencies, saying their fundamentals are favourable and their currency defences strong.

17 Dec 2014

ADB trims growth forecasts for developing Asia, says India to grow 5.5 pct in 2014

MANILA - The Asian Development Bank slightly trimmed its growth forecast for developing Asia for this year and next, but said sliding prices for oil should help economies in the region push through with growth reforms.

17 Dec 2014

Rouble crisis could shake Putin's grip on power

MOSCOW - Russia failed to halt the collapse of the rouble on Tuesday, leaving President Vladimir Putin facing a full-blown currency crisis that could weaken his iron grip on power.

World 17 Dec 2014

Asian business sentiment rebounds in Q4 with India most optimistic

NEW DELHI - Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/INSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices.

Top News, 17 Dec 2014

Markets

  • Asia
  • U.S.
  • Europe
  • Sectors
Stock Search
Nikkei 17,635.14 +13.74 +0.08%
Hang Seng 23,456.24 +339.61 +1.47%
Sensex 27,417.77 +45.93 +0.17%
EUR/INR 77.293 -0.02%
USD/INR 63.145 -0.15%
GBP/INR 98.767 -0.07%
Gold 1,197.90 +2.00 +0.17%
Oil 57.72 +0.59 +1.03%
Corn 410.25 -0.25 -0.06%
Photo

Brent climbs above $62 as Asian markets open strong

SINGAPORE - Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year.

REUTERS SHOWCASE

Oil Prices

Oil Prices

Brent climbs above $62 as Asian markets open strong  Full Article 

Tracking Gold

Tracking Gold

Gold inches up but holds below $1,200 on robust equities, dollar  Full Article 

Cyber Attacks

Cyber Attacks

China condemns cyberattacks, but does not mention North Korea  Full Article 

Connecting Markets

Connecting Markets

China stock connect scheme scorecard throws up surprises  Full Article 

Reuters India Mobile

Reuters India Mobile

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