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Economy News

Jaitley pledges to find resources to support debt-laden banks

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Mumbai India will make efforts to find resources to support debt-laden banks to help them fund economic growth, Finance Minister Arun Jaitley told a meeting of bankers on Friday.

Japan Abe to order $17.8 billion stimulus package - sources

TOKYO Japanese Prime Minister Shinzo Abe will order cabinet ministers on Monday to compile a stimulus package worth around 2 trillion yen ($17.80 billion) to increase spending on child care and education, two government sources told Reuters.

Budget 2017, Japan, 10:07am IST

Japan Sept manufacturing hits four-month high on pickup in demand - flash PMI

TOKYO Japanese manufacturing activity expanded in September at the fastest pace in four months as domestic and export orders picked up, a preliminary private survey showed on Monday in a sign of strengthening demand.

Budget 2017, Japan 10:26am IST

Moody's downgrades UK's rating on Brexit and growth fears

LONDON Ratings agency Moody's downgraded Britain's credit rating on Friday, saying the government's plans to bring down its heavy debt load had been knocked off course and Brexit would weigh on the economy.

Budget 2017, 23 Sep 2017

For Merkel, it could take three to tango

BERLIN At first glance, Germany's federal election looks like a done deal -- all major polls predict Chancellor Angela Merkel's conservatives to come in first, a result that should mean no political upheaval in Europe's biggest economy.

Budget 2017, 22 Sep 2017

German business morale clouds unexpectedly before election

BERLIN German business confidence deteriorated unexpectedly in the weeks before Sunday's federal election, a survey showed on Monday, suggesting that a consumption-led upswing in Europe's largest economy could lose momentum in coming months.

Budget 2017 2:46pm IST

Singapore's softer August inflation signals no change to policy

SINGAPORE Singapore's annual headline consumer price index rose more slowly than forecast in August, reinforcing expectations the central bank will keep policy unchanged at its review in October despite brighter economic growth prospects this year.

Budget 2017 12:36pm IST

S&P says downgraded China as credit growth still too fast

BEIJING China's attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on Friday, a day after it downgraded the country's sovereign credit rating.

Budget 2017, 22 Sep 2017

Euro zone businesses race ahead, point to strong growth

LONDON Euro zone private businesses ended the third quarter growing much more strongly than predicted, bolstered by manufacturers, according to a survey which showed the momentum should carry on into October.

Budget 2017, 22 Sep 2017

Venture fundraising in yuan soars as investors target Chinese tech firms

HONG KONG China-focused venture capital funds are increasing their bets on local technology companies and a further opening of Chinese domestic capital markets, raising money in the yuan at the fastest pace in five years.

Tech, Budget 2017, 22 Sep 2017

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