Scottish independence: HSBC boss makes 'capital flight' claim
Aug 22, 2014 at 17:17 | Source:
Uncertainty over an independent Scotland's currency could lead to capital flight from the country, the chairman of HSBC has claimed. Writing in the Telegraph, Douglas Flint said supporters of independence were advocating a giant step into econom...
Odisha: Over hundred students cheated by private institute
Aug 22, 2014 at 13:58 | Source:
Kendrapara, (Odisha): As many as 114 students, who had enrolled themselves in a private institute in Odisha for distance Bachelor in Education course, are now stranded in Andhra Pradesh as they were disallowed to sit for an examination following alle...
Stress on identity in policy review
Aug 22, 2014 at 09:22 | Source:
Calcutta Telegraph News
Mumbai, Aug. 21: The Reserve Bank of India today asked the government to work with it on a new monetary policy framework. The central bank wants its “operational independence” to be considered while a review of the existing policy framew...
Scottish nationalists seek to broaden independence debate beyond currency
Aug 22, 2014 at 03:30 | Source:
EDINBURGH (Reuters) - With less than a month to go until Scotland votes on independence, nationalists are seeking to broaden the debate away from a difficult focus on what currency would be used after breaking from the United Kingdom.Health care and ...
RBI transfers its entire Rs 52,700 crore surplus to government
Aug 21, 2014 at 21:32 | Source:
KOLKATA: The Reserve Bank of India has transferred its entire surplus of Rs 52,679 crore to the government after a committee suggested that it has enough contingency reserves even as the central bank's gross income in its last fiscal year fell 13% as...
RBI Reiterates Commitment to Bring Down Inflation
Aug 21, 2014 at 20:00 | Source:
Mumbai: The Reserve Bank of India (RBI) reiterated on Thursday its commitment to bring down the consumer price index to 6 per cent by January 2016, saying it was ready to use monetary policy to address high inflationary expectations and sticky core&a...
Fed's George: Economy Ready for Rates to Be Above Zero
Aug 21, 2014 at 19:38 | Source:
Still awash with cash, world economies take turn for the worse
Aug 21, 2014 at 00:15 | Source:
LONDON (Reuters) - China's economy is slowing. The euro zone's is a flat line. Japan's sank in the second quarter. Britain has wage deflation. The U.S. economy is ticking over at best.In a world preoccupied by geopolitical crises - from Ukraine, Iraq...
Wall St flat ahead of Fed minutes; retailers resilient
Aug 20, 2014 at 23:33 | Source:
NEW YORK (Reuters) - U.S. stocks were little changed Wednesday after two days of gains, ahead of the release of minutes from the most recent Federal Reserve meeting, as investors shrugged off bleak earnings forecasts from some retailers like Lowe's ...
Fading volatility promises long period of gold stagnation
Aug 20, 2014 at 23:30 | Source:
LONDON (Reuters) - Ultra-calm trading conditions in gold are becoming self-perpetuating as a persistent lack of volatility frustrates investors seeking a return, pushing them further away from a market that analysts say could be becalmed for years.Go...
Wall St inches up with Fed minutes on tap; retailers resilient
Aug 20, 2014 at 23:15 | Source:
NEW YORK (Reuters) - U.S. stocks inched higher Wednesday after two days of gains, ahead of the release of minutes from the most recent Federal Reserve meeting, as investors brushed off bleak earnings forecasts from some retailers like Lowe's and Targ...
Interest rates: Minutes show two Bank policymakers voted for rise
Aug 20, 2014 at 17:42 | Source:
Two members of the Bank of England's Monetary Policy Committee (MPC) voted to raise interest rates in August, the first time in three years that policymakers have done so. The minutes of the meeting on 6-7 August show Ian McCafferty and Martin W...
Standard Chartered to pay fresh penalty to NY regulator
Aug 20, 2014 at 13:42 | Source:
Standard Chartered has agreed to pay $300m (£180m) to New York's top banking regulator for failing to improve its money laundering controls. The British bank has also been banned from accepting new dollar clearing accounts without the state...
Apple Shares Hit $100, Wall Street Joins Global Rally
Aug 20, 2014 at 10:00 | Source:
Wall Street got a lift from the U.S. housing sector and extended a global stock markets rally on Tuesday as investors shifted focus from political crises to expectations monetary policy will remain accommodative. Apple Inc hit $100 for the first time...
Wall Street Joins Global Stocks Rally; Dollar Ahead
Aug 20, 2014 at 08:00 | Source:
New York: Wall Street got a lift from the US housing sector and extended a global stock markets rally on Tuesday as investors shifted focus from political crises to expectations monetary policy will remain accommodative. The dollar climbed smartly as...
Inflation falls more than expected
Aug 19, 2014 at 19:02 | Source:
The annual rate of UK inflation rate fell more than expected in July as the cost of clothing, footwear, food and non-alcoholic drinks eased. The Office for National Statistics (ONS) said Consumer Price Index (CPI) inflation fell to 1.6% from 1.9% a m...
Carney's Committee Diverges on Wage-Growth Confusion
Aug 18, 2014 at 06:00 | Source:
Mark Carney's focus on weak wages to keep record-low borrowing costs is up against one key foe: the strongest economic growth in the Group of Seven. Minutes of the Monetary Policy Committee's July meeting this week will show how the n...
PM Narendra Modi for impetus to exports, promotion councils for states
Aug 16, 2014 at 22:22 | Source:
NHAVA SHEVA (MAHARASHTRA): The states will soon be allowed to form their own Export Promotion Councils, Prime Minister Narendra Modi said as he underscored the need for the Centre and states to work in tandem to give a fresh thrust to exports. He als...