Sushma Swaraj leaves on a two-nation visit of Egypt, Germany
Aug 23, 2015 at 12:46 | Source:
New Delhi: External Affairs Minister Sushma Swaraj on Sunday embarked on a two-nation tour of Egypt and Germany which is expected to see new vistas being opened in bilateral ties with particular focus on boosting trade and investment.Egypt will be fi...
Monsoon concerns: Moody's cuts Indias 2015 GDP growth forecast to 7%
Aug 18, 2015 at 12:45 | Source:
Mumbai:Moody's Investors Service cut its forecast for Indias economic growth to around 7 percent this year from 7.5 percent because of lower-than-expected rainfall in the ongoing monsoon season, the ratings agency said on Tuesday.Moody's maintained i...
India, EU working to end trade dispute over generic drugs
Aug 17, 2015 at 13:47 | Source:
India and the European Union are taking steps to end a trade row sparked by an EU ban on Indian pharmaceutical products that New Delhi responded to by cancelling talks on a free trade accord with its largest trading partner, officials said.The PMO wr...
ECB frets over risks from China, Fed rate hike| Reuters
Aug 14, 2015 at 01:45 | Source:
FRANKFURT Volatility in Chinese markets may have more impact than expected on the euro zone's fragile economy, and an increase in U.S. interest rates might also slow its recovery, the European Central Bank said in the minutes of its last meeting.Econ...
Will yuan devaluation, lower inflation prompt RBI to expedite rate cut?
Aug 12, 2015 at 21:56 | Source:
The rupee has been fairly stable in the region of 63.75 in the last few weeks with FII flows being positive and the only disturbance being caused by the news of the US Federal Reserve increasing interest rates.However, on the 11 August the People's B...
Global banks to steer clear of Iran until sanctions finally go| Reuters
Jul 17, 2015 at 00:15 | Source:
LONDON/FRANKFURT International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from U.S. regulators despite this week's nuclear deal between world powers and Tehran.With almost ...
Asia's exporters struggle to cope with a changing global economy| Reuters
Jun 23, 2015 at 02:45 | Source:
JAKARTA In the good old decades, many Asian governments could stick to a simple economic strategy - ramp up exports, and reap solid growth rates.Now, export-led growth no longer serves the region well and Asia is struggling to overhaul that economic ...
Euro zone economy picks up pace but Germany lags| Reuters
May 14, 2015 at 01:45 | Source:
BRUSSELS A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc's economy still grew at its fastest in almost two years as cheap food and fuel boosted spending and a central bank stimulus programme kicked in.Gross domestic ...
FTP proposes new institutions to boost global trade
Apr 01, 2015 at 21:27 | Source:
New Delhi: The new Foreign Trade Policy unveiled today proposed setting up of a host of institutions, including Trade Council and National Committee on Trade Facilitation, to improve India's share in global trade and implement of WTO obligations.The ...