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IMF, Ukraine fail to reach pact on next bailout tranche

Dec 20, 2014 at 01:30 | Source: FirstPost

WASHINGTON (Reuters) - The International Monetary Fund said Friday it had productive discussions with officials in Ukraine this week, but failed to reach an agreement that would pave the way for Kiev to receive its next bailout tranche next month.&qu...

Putin says Russia economy will be cured but offers no remedy

Dec 19, 2014 at 01:15 | Source: FirstPost

MOSCOW (Reuters) - President Vladimir Putin assured Russians on Thursday that the economy would rebound after the rouble's dramatic slide this year but offered no remedy for a deepening financial crisis.In an assured performance at a three-hour news ...

Whodunnit? The Mystery of the Sony Pictures Hack

Dec 18, 2014 at 22:41 | Source: BBC

It has become the whodunnit that is gripping Hollywood without a penny being spent on production. Now The Mystery of the Sony Pictures Hack - which already had all the ingredients for a major Hollywood film - has taken a new twist as the movie at the...

China media: Russia's rouble crisis

Dec 18, 2014 at 20:02 | Source: BBC

Papers discuss China's economic ties with Russia in the wake of a sharp decline in the rouble's value against the dollar. Russia has been hit hard by the fall in oil prices and the crumble in the value of the rouble, triggering panic that t...

US stocks surge after Fed promises patience on rates

Dec 18, 2014 at 02:57 | Source: BBC

The US Federal Reserve has said it can be patient over any decision to raise interest rates at the end of its two-day policy meeting in Washington DC. The statement sent US markets higher with the Dow Jones rising nearly 300 points. Investors have be...

HC to hear Somnath Bharti's plea against NHRC Dec 22

Dec 17, 2014 at 23:30 | Source: FirstPost

New Delhi, Dec 17 (IANS) The Delhi High Court Wednesday posted for Dec 22 former Delhi law minister Somnath Bharti's plea against the NHRC order to pay Rs.25,000 each to 12 African women "victims of racial prejudice and unlawful acts", whos...

Wage growth picks up as UK unemployment falls

Dec 17, 2014 at 21:37 | Source: BBC

Wage growth in the UK is picking up, figures from the Office for National Statistics (ONS) indicate. In the August-to-October period, average earnings excluding bonuses were up 1.6% from a year earlier. Including bonuses, earnings rose by 1.4%. It is...

Inflation is dying: November WPI hits 0% and you read it here first

Dec 15, 2014 at 17:33 | Source: FirstPost

Readers of Firstposts Business section will not be surprised to learn that inflation as measured by the Wholesale Prices Index (WPI) has hit zero in November 2014.According to the latest data released today (15 December), WPI has hit zero which mean...

Inflation is dying: WPI hits zero percent in November and you read it here first

Dec 15, 2014 at 15:39 | Source: FirstPost

Readers of Firstposts Business section will not be surprised to learn that inflation as measured by the Wholesale Prices Index (WPI) has hit zero in November 2014.According to the latest data released today (15 December), WPI has hit zero which mean...

Inflation is dying: Nov WPI hits zero perrcent, and you read it here first

Dec 15, 2014 at 14:43 | Source: FirstPost

Readers of Firstposts Business section will not be surprised to learn that inflation as measured by the Wholesale Prices Index (WPI) has hit zero in November 2014.According to the latest data released today (15 December), WPI has hit zero which mean...

Inflation is dying: WPI hits zero in November, and you read it here first

Dec 15, 2014 at 13:31 | Source: FirstPost

Readers of Firstposts Business section will not be surprised to learn that inflation as measured by the Wholesale Prices Index (WPI) has hit zero in November 2014.According to the latest data released today (15 December), WPI has hit zero which mean...

Australia's budget deficit to widen by A$10bn

Dec 15, 2014 at 12:42 | Source: BBC

Australia's government has said it expects the nation's deficit to grow to $40.4bn Australian dollars ($33.2bn; £21.2bn) in the 12 months to June. Earlier in the year, the deficit for the period had been forecast to come in at A$29.8bn. Th...

Japan election: Voters back Shinzo Abe as PM wins new term

Dec 15, 2014 at 06:12 | Source: BBC

Japan's ruling coalition has won a new two-thirds majority in parliamentary elections seen as a referendum on Prime Minister Shinzo Abe's economic policy. Japanese media reported that Mr Abe's Liberal Democratic Party (LDP) retained it...

Only emerging market reformers like India will keep investors as tide turns

Dec 15, 2014 at 00:45 | Source: FirstPost

LONDON (Reuters) - Emerging markets' popularity with investors is ebbing as a strong dollar lures money away and commodity prices fall, but some governments promising tough economic reforms may stem the flow of capital leaving.India and Indonesia cur...

Wall Street Weekahead - The Federal Reserve's language lessons

Dec 14, 2014 at 23:45 | Source: FirstPost

NEW YORK (Reuters) - "Will they or won't they?" is the question on investors' minds as the Federal Reserve policy-setting committee meets next week for the last time this year.Markets have followed Fed speakers closely in recent weeks for c...

Shinzo Abe's ruling party eyes big gains in snap Japan election

Dec 14, 2014 at 11:54 | Source: FirstPost

TOKYO : Prime Minister Shinzo Abe's party looks set for a huge win on Sunday in an election that will allow the conservative leader to claim a fresh mandate for his reflationary policies to revive Japan's long-stagnant economy.Voting began at 7 a.m. ...

Fallout from Putin's visit: US, Ukraine object to Indo-Russian deals; will Modi listen?

Dec 13, 2014 at 15:45 | Source: FirstPost

India is bracing to meet with international challenges post-Putin visit and the signing of long term fantabulous deals between India and Russia worth $100 billion which may well be in the region of $125 billion because of inflation.Several western na...

Italy's PM Matteo Renzi in fight against job barriers

Dec 12, 2014 at 17:06 | Source: BBC

It is quite unusual for an entire country to be able to quote the exact number of a particular subsection of its employment laws. But the future of Italy's economy and perhaps its government comes down to a debate over Article 18 of the 1970 Emp...

Ukrainian PM warns of default risk, calls for more Western help

Dec 11, 2014 at 23:30 | Source: FirstPost

KIEV (Reuters) - Ukraine risks defaulting on its debt unless Western donors come up with more funds on top of the billions of dollars of financial aid already promised, Prime Minister Arseny Yatseniuk said on Thursday.A year of revolution and war wi...

Cabinet clears Rs 5 lakh compensation to 1984 anti-Sikh riot victims

Dec 11, 2014 at 08:47 | Source: FirstPost

New Delhi: A proposal to give Rs 5 lakh each to the kin of victims of the 1984 anti-Sikh riots, triggered after assassination of the then Prime Minister Indira Gandhi, has been approved by the government on Wednesday night.The decision has been taken...

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Rupee weakness modest, see yields at 7.60% in Q1: Deutsche

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