Money News Headlines

Sat, Oct 25 2014

Finance Minister Arun Jaitley favours interest rate cut - paper

Photo

NEW DELHI - Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation.

Business, Top News, Economy 25 Oct 2014

Fri, Oct 24 2014

Reuters Poll - India's growth pace to pick up as reforms draw investment

Photo

BANGALORE - India's economy will likely grow at its fastest pace in two years in the current fiscal year as Prime Minister Narendra Modi implements reforms to attract investment, a Reuters poll of economists showed on Friday.

Top News, Business, Economy 24 Oct 2014

Sat, Oct 25 2014

Global shares post best week since mid-2013 after earnings boost

Photo

NEW YORK - Global equity markets rose on Friday after strong corporate results from Microsoft and Procter & Gamble and reduced concerns over the possible spread of Ebola boosted U.S. shares and kept safe-haven U.S. Treasuries prices stable.

25 Oct 2014

Fri, Oct 24 2014

Gold sales jump about 20 pct for Diwali - trade body

Photo

SINGAPORE - Gold sales in India during the festivals of Diwali and Dhanteras celebrated this week rose by about a fifth, a senior official at the country's biggest gold trade group said on Friday.

Top News, Business 24 Oct 2014

Three major nations absent as China launches W.Bank rival in Asia

Photo

SHANGHAI - Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders.

Top News, Business 24 Oct 2014

Sat, Oct 25 2014

Wall Street finally turning on Amazon as Bezos magic fades

Photo

SAN FRANCISCO/BOSTON - Amazon.com Inc's once fairy-tale ride on Wall Street has hit its most jarring bump yet.

25 Oct 2014

Fri, Oct 24 2014

Wal-Mart India appoints Murali Lanka operations chief

Photo

MUMBAI - Wal-Mart Stores Inc's India unit said it had appointed company veteran Murali Lanka to the newly created position of chief operations officer to lead store operations and business development in the world's second most populous country.

Business, Top News 24 Oct 2014

Sat, Oct 25 2014

Gold posts weekly loss on dollar rise, strong U.S. data

Photo

NEW YORK/LONDON - Gold edged lower on Friday and closed down for the week as rallying equity markets and strong U.S. economic data dented demand for the precious metal as an insurance against risk.

25 Oct 2014

Euro zone risks "relapse into recession" without structural reforms - Draghi

Photo

BRUSSELS - The ECB's president warned divided euro zone leaders on Friday they risked "a relapse into recession" if they failed to press ahead with structural economic reforms, a message welcomed by German Chancellor Angela Merkel.

25 Oct 2014

Wall Street Weekahead - Look to energy names for global demand clues

Photo

NEW YORK - Slumping energy shares drove the recent U.S. stock market selloff more than any other major group, so investors are turning to next week's slate of earnings to see if the sector can pull itself out of the pit.

25 Oct 2014