Shares tumble on global growth concerns; Treasury yields fall| Reuters
Feb 09, 2016 at 01:30 | Source:
NEW YORK Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand f...
Expert views: India's economy grows 7.3 pct in Oct-Dec quarter| Reuters
Feb 08, 2016 at 23:30 | Source:
MUMBAI India said its economy grew 7.3 percent in the October-December quarter from a year earlier, in line with expectations, and forecast that gross domestic product would expand an annualised 7.6 percent in the fiscal year ending in March.The late...
China FX reserves fall almost $100 bln to lowest since May 2012
Feb 08, 2016 at 07:44 | Source:
China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.China's foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowes...
China FX reserves fall almost $100 bln to lowest since May 2012| Reuters
Feb 07, 2016 at 10:15 | Source:
BEIJING China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.China's foreign reserves fell $99.5 billion to $3.23 trillion in January, t...
IMF hopeful of India implementing 'critically important' reforms
Feb 06, 2016 at 11:36 | Source:
Washington: Bullish on India, IMF chief Christine Lagarde has hoped that the government would be able to implement a series of "critically important" economic reforms including GST for unleashing the country's growth potential."The IMF...
Forex reserves rises by $1.589 bn to $349.152 bnlast week
Feb 05, 2016 at 18:16 | Source:
Country's foreign exchange reserves rose by $1.589 billion to $349.152 billion in the week to January 29, helped by an increase in foreign currency assets (FCAs), according to the Reserve Bank.In the previous week, the reserves had increased by $355....
The birthday letter Narendra Modi didnt write to Raghuram Rajan
Feb 05, 2016 at 09:39 | Source:
Dearest Raghu, Heartiest wishes on your 53rd birthday!You are, in my view, one of the two good things that have happened to the Indian economy over the last two years(the other is oil).My government and I are personally thankful to you and your team ...
Dollar nurses losses as payrolls report looms| Reuters
Feb 05, 2016 at 06:15 | Source:
TOKYO The dollar steadied in Asian trading on Friday but remained on track for weekly losses, as investors braced for U.S. employment figures later in the session for the latest clues on the outlook for the Federal Reserve's monetary tightening path....
Ukraine government puts on united front amid political crisis| Reuters
Feb 05, 2016 at 02:46 | Source:
KIEV Three Ukrainian cabinet members who had previously tendered their resignations will now remain in their posts, the government announced on Thursday, a show of unity a day after the abrupt exit of a key minister.Prime Minister Arseny Yatseniuk he...
IMF's Lagarde says China's economy can avoid hard landing| Reuters
Feb 05, 2016 at 00:45 | Source:
WASHINGTON China's economy can avoid a "hard landing" and shift to a lower, more sustainable growth rate if Beijing pursues reforms to state enterprises and sticks to a more market-driven and well-communicated exchange rate policy, the Inte...
IMF to consider boosting precautionary financing - Lagarde| Reuters
Feb 04, 2016 at 23:15 | Source:
WASHINGTON International Monetary Fund Managing Director Christine Lagarde said on Thursday that low oil and commodities prices would continue for some time, and the Fund will consider strengthening and broadening its array of precautionary financing...
The Birthday letter Narendra Modi didnt write to Raghuram Rajan
Feb 04, 2016 at 13:45 | Source:
Dearest Raghu, Heartiest wishes on your 53rd birthday!You are, in my view, one of the two good things that have happened to the Indian economy after I took over as Prime Minister on May 26, 2014 (the other is oil).My government and I are personally t...