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Chinese yuan seen depreciating further; rupee to remain stable: Reuters poll| Reuters

Sep 05, 2015 at 01:45 | Source: FirstPost

BENGALURU The Chinese yuan will weaken further over the next 12 months as policymakers ramp up efforts to support the economy through further stimulus or another currency devaluation, a Reuters poll found.The People's Bank of China sent shockwaves th...

Gold falls towards 2nd weekly loss after U.S. payrolls data| Reuters

Sep 05, 2015 at 00:30 | Source: FirstPost

LONDON Gold prices fell towards a second weekly loss on Friday after U.S. payrolls data failed to allay uncertainty over the prospect of a near-term interest rate hike from the Federal Reserve. Data from the Labor Department on Friday showed that non...

Deflation or inflation? Arvind Subramanian is more right than Raghuram Rajan on this

Sep 04, 2015 at 07:37 | Source: FirstPost

The government's two five-star economists Raghuram Rajan, of the Reserve Bank, and Chief Economic Advisor Arvind Subramanian, seem to be poles apart when it comes to their readings on inflation. Rajan is still in two minds on whether to cut or not to...

Oil up modestly on volatile Wall Street; awaits jobs, rig data| Reuters

Sep 04, 2015 at 02:15 | Source: FirstPost

NEW YORK Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in U.S. crude inventories that weighed on the outlook for oil.Reprising Wednesday's volatility, cr...

As Fed ponders interest rate rise timing, markets overshadow U.S. jobs report| Reuters

Sep 04, 2015 at 00:30 | Source: FirstPost

NEW YORK In calmer times the U.S. employment report due to be published on Friday would be the Federal Reserve's best and last economic signal before it decides whether to raise interest rates later this month for the first time in nearly a decade.Bu...

Oil up again on Wall Street; volatility after U.S. stockpile hike| Reuters

Sep 03, 2015 at 23:45 | Source: FirstPost

NEW YORK Crude futures rose for a second straight session on Thursday on the strength of equity markets as a respite in bad news out of China and the potential for more European monetary easing added to risk taking in oil.Trading remained volatile, h...

Euro falls on ECB outlook; world stocks, oil rise | Reuters

Sep 03, 2015 at 23:30 | Source: FirstPost

NEW YORK The euro fell 1 percent on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary.Oil prices also rose, followi...

Deflation or inflation? Arvind Subramanian is more right than Rajan on this

Sep 03, 2015 at 23:07 | Source: FirstPost

The government's two five-star economists Raghuram Rajan, of the Reserve Bank, and Chief Economic Advisor Arvind Subramanian, seem to be poles apart when it comes to their readings on inflation. Rajan is still in two minds on whether to cut or not to...

RBI to consider deflation while deciding interest rates: Sinha

Sep 03, 2015 at 22:31 | Source: FirstPost

strong>New Delhi: The Reserve Bank will take into account the domestic and global deflationary trend and take appropriate action on interest rate, Minister of State for Finance Jayant Sinha said today."We have to be very mindful and watchful ...

Services sector improves further on new business orders: PMI

Sep 03, 2015 at 14:51 | Source: FirstPost

New Delhi: Services sector improved further in August as new orders received by private firms increased at the fastest rate in five months, says a survey. The Nikkei India Services Business Activity Index, which tracks changes in activity at service ...

Delhi rape survivors lawyer silent about the withdrawal of lawsuit against Uber

Sep 03, 2015 at 14:17 | Source: FirstPost

New York: The lawyer of ayoung Indian woman allegedly raped by an Uber driver in New Delhi in December last year has declined to comment on why she has"voluntarily" dismissed the lawsuit she had filed in a California court against the app-b...

Confusing clarification: Govt's admission on deflationary threat raises more questions

Sep 03, 2015 at 10:16 | Source: FirstPost

Possibly, these are times when the common man on the street is highly puzzled with the widening divergence of high frequency statistical data put out by the government on the inflation,growth figures and the reality on the ground.The government owes ...

Syriza falls behind conservatives ahead of Greek election - poll | Reuters

Sep 03, 2015 at 00:46 | Source: FirstPost

ATHENS Greek leftist Syriza party on Wednesday fell behind its main conservative rivals for the first time since former premier Alexis Tsipras resigned, offering further evidence that his decision to call a snap election could backfire.Syriza is on c...

Why GST may not be worth the heartburn; govt should hasten slowly on it

Sep 02, 2015 at 20:59 | Source: FirstPost

It is time for a mea culpa from me. Thus far, I have been a supporter though muted of the goods and services tax (GST), touted as the single biggest tax reform of this decade. I have now come to believe that we may have been sold a pup by corporate...

This Indian-origin Sikh man was named Australian of the Day for feeding the homeless

Sep 02, 2015 at 13:30 | Source: FirstPost

An Indian-origin Sikh migrant driver in Australia has been named 'Australian of the Day' for feeding the homeless in Darwin for the past three years.Tejinder Pal Singh has dedicated the last Sunday of the month to feed the poor and homeless locals of...

Delhi rape survivor ends lawsuit against Uber in United States court

Sep 02, 2015 at 12:36 | Source: FirstPost

New York: In a surprise development, a youngIndian woman allegedly raped by an Uber driver in New Delhilast year "voluntarily" dismissed the lawsuit she had filed ina US court against the web-based taxi company.In a very brief notice filed ...

China fears drive down stocks and oil, fuel turmoil| Reuters

Sep 02, 2015 at 03:30 | Source: FirstPost

NEW YORK World stock indexes and oil prices slumped on Tuesday as weak Chinese data fuelled worries about a slowdown in its economy, the world's second biggest, and sparked more market turmoil.The fall in oil prices ended a three-day rally that had d...

Wall Street turbulence returns as weak China data magnifies fear| Reuters

Sep 02, 2015 at 02:45 | Source: FirstPost

Turmoil returned to Wall Street on Tuesday after a brief rest, with renewed concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff.The S&P 500 is now 10 percent lower than its May ...

IMF's Lagarde sees weaker than expected global economic growth| Reuters

Sep 02, 2015 at 02:15 | Source: FirstPost

JAKARTA Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations.IMF Managing Director ...

China fears hit stocks and oil, boost volatility | Reuters

Sep 02, 2015 at 01:30 | Source: FirstPost

NEW YORK World stock indexes and commodities dropped on Tuesday as weak Chinese data revived fears about the effect of China's economic health on the global economy and fuelled more market turmoil.Oil prices fell more than 7 percent on concerns about...

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