BEIJING - China's central bank is likely to hold its line against an interest rate cut even as growth slows to a quarter-century trough, as the politics of reform influence the conduct of monetary policy, government sources involved in internal policy discussions say.
BEIJING - China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world's second-largest economy is becoming a drag on global growth.
FRANKFURT - The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin purchases early next year, several sources familiar with the situation told Reuters.
MUMBAI - India's decision to remove price controls on diesel and to raise natural gas prices signals fiscal discipline and is a "credit positive" step, although the overall impact could be limited, Moody's Investors Service said on Tuesday.
NEW DELHI - India's scrapping of diesel price controls opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.
NEW YORK - The United States ratcheted up its safeguards against Ebola on Tuesday, requiring travelers from three countries at the center of an epidemic in West Africa to fly into one of five major airports conducting enhanced screening for the virus.
NEW DELHI - Finance Minister Arun Jaitley said on Monday he personally believes the time is right to dilute nationalisation of the country's state-run coal industry, adding it is easier to carry out economic reforms in the first year of a government.
MUMBAI - The Reserve Bank of India (RBI) on Monday released the minutes of the meeting of the sub-committee on Financial Stability and Development Council (SC-FSDC) held in August, for the first time, in an attempt to bring in greater transparency.
LONDON - When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.
LONDON - The euro zone is not heading for another recession, the outgoing president of the European Commission Jose Manuel Barroso said on Sunday.
NEW DELHI - Falling crude oil prices have helped lawyer Pratik Mehra get off the bus and back behind the wheel of his car, cutting his travel time to work by a third.