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Russia-Ukraine gas deal secures EU winter supply

Oct 31, 2014 at 12:22 | Source: BBC

Russia has agreed to resume gas supplies to Ukraine over the winter in a deal brokered by the European Union. The deal will also ensure gas supplies to EU countries via Ukraine are secure. There is now no reason for people in Europe to stay cold this...

Nikkei leads Asia higher after surprise BOJ move

Oct 31, 2014 at 12:22 | Source: BBC

Japan led Asian shares higher after the Bank of Japan (BOJ) surprised markets by announcing more stimulus measures. In an unexpected decision, the BOJ eased monetary policy on worries that lower oil prices would affect consumer prices. The central ba...

China media: US quantitative easing impact played down

Oct 31, 2014 at 12:22 | Source: BBC

Papers focus on the end of US quantitative easing (QE), with state media dismissing fears it could have a serious negative impact on China's economy. The US Federal Reserve wound up the stimulus programme - begun in the wake of the 2008 financia...

Kejriwal demands SIT probe into 1984 anti-Sikh riot cases

Oct 30, 2014 at 22:50 | Source: FirstPost

New Delhi: AAP leader Arvind Kejriwal on Thursday welcomed the Centre's decision to give Rs five lakh each to next of kin of 3,325 victims of 1984 riots but, at the same time, demanded setting up of an SIT to ensure a thorough probe into the cases.He...

Asia stocks rise after US Federal Reserve ends stimulus

Oct 30, 2014 at 08:47 | Source: BBC

Asia stocks mostly opened higher after the US dollar jumped in value following the end of the Federal Reserve's quantitative easing stimulus program. The US central bank also confirmed it would maintain record-low interest rates for a considerab...

Arjuna Ranatunga: IPL never gave anything to Indian cricket

Oct 29, 2014 at 15:37 | Source: Indian Express - Cricket

New Delhi: Ridiculing the Indian Premier League for turning cricketers into a bunch of avaricious people, World Cup winning Sri Lankan captain Arjuna Ranatunga today said that the cash-rich T20 league has given Indian cricket nothing but disrepute. ...

Sweden cuts interest rates to zero

Oct 28, 2014 at 19:46 | Source: BBC

The Swedish central bank has cut its main interest rate to zero in an attempt to combat deflation. The cut of 0.25% was bigger than analysts had expected, and led to a fall in the kronor against the dollar and the euro. Prices are currently falling i...

Falling oil prices: Who are the winners and losers?

Oct 28, 2014 at 14:37 | Source: BBC

Falling oil prices mean that some oil exporters are bracing themselves for significant revenue shortfalls, while some importing countries could benefit economically as consumers pay less for energy and have more to spend elsewhere. Until this summer,...

UBS misses profit estimates after $1.9bn legal provision

Oct 28, 2014 at 14:37 | Source: BBC

Switzerland's biggest bank, UBS, has missed profit estimates after it set aside $1.9bn (£1.2bn) in legal provisions amid an investigation over alleged currency-rigging. Net income rose by 32% to 762m francs (£498m) in the third quarter, below ...

Nationalists win Bosnia vote, face tough talks on power-sharing

Oct 28, 2014 at 00:15 | Source: FirstPost

SARAJEVO (Reuters) - Nationalists with opposing views of Bosnia's future secured the most votes in this month's general election, but none will be able to rule alone, raising the prospect of lengthy power-sharing talks and new delays in long-overdue ...

Brazil votes in tight presidential runoff split along class lines

Oct 26, 2014 at 22:15 | Source: FirstPost

SAO PAULO (Reuters) - Brazilians voted on Sunday in a bitterly-contested election that pits a leftist president with strong support among the poor against a centrist senator who is promising pro-business policies to jumpstart a stagnant economy. Fina...

Europe's crisis that won't go away

Oct 26, 2014 at 12:17 | Source: BBC

Exactly five years ago Europe awoke to its own crisis. In October 2009 the incoming Greek government revealed that its budget deficit was not 6.7%, as publicly stated, but closer to 13%. The published accounts were as good as fakes. In the weeks and ...

Froth gone from UK recovery

Oct 24, 2014 at 20:42 | Source: BBC

The UK recovery has past its peak, but growth remains better than major competitors. No great surprise that UK growth has slowed a bit in the three months to September, from an annual rate of 3.2% to 3%. Growth in distribution (largely shopping), ho...

Interest rate status quo against majority view

Oct 23, 2014 at 08:52 | Source: Calcutta Telegraph News

Mumbai, Oct. 22 (PTI): Reserve Bank governor Raghuram Rajan had turned down the advice of the majority of external members of the monetary policy advisory committee to cut interest rate and decided to maintain the status quo in the September 30 poli...

Bank of England remains against raising rates

Oct 22, 2014 at 15:37 | Source: BBC

The majority of the Bank of England's Monetary Policy Committee (MPC) remains against raising interest rates, minutes from the October meeting show. At the meeting on 7-8 October, MPC members voted 7-2 to keep interest rates at a record low of 0...

Why people accept inequality

Oct 22, 2014 at 00:15 | Source: FirstPost

London, Oct 21 (IANS) Inequality can be fair too and the brain knows it, a new research has found.People appreciate fairness in much the same way as they appreciate money for themselves and by that logic fairness does not necessarily imply that every...

DLF moves tribunal to contest Sebi bar

Oct 18, 2014 at 20:22 | Source: Calcutta Telegraph News

New Delhi/Mumbai, Oct. 17 (PTI): DLF today approached the Securities Appellate Tribunal (SAT) to challenge a Sebi order barring it and its top executives from capital markets for three years. The appeal will be heard by the SAT on October 22. In a m...

Hero-heroine pay scale debate should not become a war: Deepika

Oct 17, 2014 at 13:33 | Source: FirstPost

Mumbai: Actress Deepika Padukone says the payment disparity between male and female stars in Bollywood is a concern but it should not become a cause for conflict.The 28-year-old actress has had a dream run at the box office with back-to-back hits lik...

Share prices slide as 'perfect storm' threatens markets

Oct 16, 2014 at 23:17 | Source: BBC

US shares crept lower on Thursday, tracking big losses on European and Asian stock markets. Wall Street's Dow Jones, S P 500 and Nasdaq indexes declined but recovered some ground after falling almost 1% on continuing concerns about global econom...

How Amul won Facebook war with its angry customer

Oct 16, 2014 at 19:27 | Source: FirstPost

A week back, a disgruntled consumer, Neha Tomar, posted pictures of Amul Gold Milk that had gone bad, on Facebook,andasked people not to consume products of Amul."..When we started boiling the milk, within 2 min what came out is shown in these p...

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