Economy News

Global Economy: Businesses look bullish about the road ahead


HELSINKI Businesses are heading into 2018 in a pretty optimistic mood, surveys will more than likely show in the coming week, pointing to a potential boost for already solid growth in the world's biggest economies.

Regulators edge closer to deal on global bank capital rules

LONDON The oversight body for global banking regulators said on Friday it will hold a news conference on Dec. 7, in the clearest sign yet that a deal on completing post-financial crisis capital rules is finally on the cards.

Budget 2017, 24 Nov 2017

Asia gold demand sluggish as high prices deter buyers

MUMBAI/BENGALURU The buying of physical gold remained muted across major Asian centres this week as higher prices dented demand, though seasonal demand could boost activity in top consumer China next month.

Budget 2017, Top News, 24 Nov 2017

Pakistan's central bank keeps main interest rate at 5.75 percent

KARACHI, Pakistan Pakistan's central bank kept its main policy interest rate unchanged at 5.75 percent on Friday, citing steadily rising economic growth.

South Asia, Budget 2017 24 Nov 2017

Euro zone consumers still addicted to cash when they buy

FRANKFURT Cash still dominates consumer payments in the euro zone, even as many Western economies are rapidly moving towards electronic payments, a survey published by the European Central Bank showed on Friday.

Budget 2017, 24 Nov 2017

Take Five: World markets themes for the week ahead

LONDON Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

Budget 2017 24 Nov 2017

U.S. crude tops two-year high as Keystone outage hits supply

NEW YORK U.S. oil prices hit their highest levels in more than two years on Friday after the continued shutdown of a pipeline running from Canada to the United States was expected to reduce supply into a major storage facility.

Budget 2017 12:37am IST

Big gas exporter countries blast unilateral sanctions in dig at U.S.

SANTA CRUZ, Bolivia Representatives from a group of major energy-exporting nations on Friday said they oppose the use of unilateral sanctions on any of their members - an apparent dig at the United States for its moves against Russia, Iran and Venezuela.

Budget 2017 2:02am IST

Singapore October factory output rises 14.6 percent

SINGAPORE Singapore's industrial production rose for a fifteenth straight month in October, driven by a continued surge in electronics output, data showed on Friday.

Budget 2017, 24 Nov 2017

Japan November manufacturing activity grows at fastest pace in over three years - flash PMI

TOKYO Japanese manufacturing activity expanded at the fastest pace in more than three years in November as output, new orders, and new export orders all accelerated in a sign the economy will continue its growth streak, a preliminary survey showed on Friday.

Budget 2017, Japan 24 Nov 2017


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Sensex 33,679.24 + 91.16 +0.27%
Nikkei 22,550.85 + 27.70 +0.12%
Hang Seng 29,866.32 + 158.38 +0.53%
EUR/INR 77.138 +0.84%
USD/INR 64.670 +0.18%
GBP/INR 86.218 +0.37%
Gold 1,291.60 +0.00 +0.00%
Oil 58.97 +0.95 +1.64%
Corn 342.00 -3.25 -0.94%

Jindal Steel could win a slice of rail tender: sources

NEW DELHI A clause in India's global tender for steel rails, part of a $130 billion overhaul of its railways, could help Jindal Steel and Power Ltd win up to 20 percent of the work, sources said.