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Pakistan should extend full cooperation in checking terrorism: Rajnath

May 24, 2015 at 15:42 | Source: FirstPost

Lucknow: Union Home Minister Rajnath Singh on Sunday asked Pakistan to extend all help in tackling terrorism as it was also a victim of the menance."It (Pakistan) should extend full cooperation in checking terrorism because the country is facing...

G7 finance ministers to address faltering global growth| Reuters

May 24, 2015 at 14:30 | Source: FirstPost

LONDON Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.High on their agenda -- even if unofficially -- w...

Pakistan should extend full cooperation in tackling terrorism: Rajnath

May 24, 2015 at 14:23 | Source: FirstPost

Lucknow: Union Home Minister Rajnath Singh on Sunday asked Pakistan to extend all help in tackling terrorism as it was also a victim of the menance."It (Pakistan) should extend full cooperation in checking terrorism because the country is facing...

Japan stock market cap hits record, exceeds 1989 peak | Reuters

May 23, 2015 at 02:15 | Source: FirstPost

TOKYO The market capitalisation of shares listed on the Tokyo Stock Exchange's main board hit a record high on Friday, topping a 26-year peak and marking one victory in Prime Minister Shinzo Abe's campaign to jolt the economy out of a long phase of d...

Germany, France usher Greece back to negotiating table| Reuters

May 23, 2015 at 01:30 | Source: FirstPost

RIGA European leaders told Greece on Friday to return to the negotiating table for "intensive work" to wrap up a reform agreement before cash runs out, sidestepping Athens' demand for a comprehensive, long-term solution to its troubles.With...

Jaitley says it's time for RBI to cut interest rate as inflation moderating

May 22, 2015 at 17:41 | Source: FirstPost

New Delhi: Days ahead of the monetary policy review, Finance Minister Arun Jaitley said it's time for the Reserve Bank of India (RBI) to cut rate in view of moderation in inflation and subdued industrial growth.When asked if it's time for RBI to cut...

Fed still seen in lift-off mode as Yellen takes centre stage| Reuters

May 22, 2015 at 04:15 | Source: FirstPost

NEW YORK The U.S. Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress towards its employment and inflation goals helping allay concerns over the economy's recent weakness, current and former Fed offici...

China shares rally after poor data, dollar holds gains| Reuters

May 22, 2015 at 03:45 | Source: FirstPost

TOKYO Stock market gains were capped on Thursday in much of Asia in the wake of China's downbeat factory activity data, but shares in Shanghai focused on the potential positives from the weak reading and rallied.The dollar held on to broad gains afte...

Merkel, Hollande and Tsipras to meet in Riga to give push to debt talks| Reuters

May 22, 2015 at 01:31 | Source: FirstPost

RIGA German Chancellor Angela Merkel and French President Francois Hollande aim to outline solutions to the Greek debt crisis in talks with Greek Prime Minister Alexis Tsipras later on Thursday, Hollande said.The new Greek government has held four mo...

U.S., euro zone business growth slower, China contracts| Reuters

May 21, 2015 at 23:45 | Source: FirstPost

LONDON/NEW YORK U.S. and euro zone business growth slowed in May while China's factory sector contracted again, reinforcing the need for major central banks to continue supporting economic growth.The U.S. Federal Reserve is seen unlikely to tighten m...

Wall Street, dollar rise as June rate-hike prospects dim| Reuters

May 21, 2015 at 01:15 | Source: FirstPost

NEW YORK Wall Street and the dollar rose on Wednesday after minutes of a Federal Reserve policymakers meeting last month bolstered bets that the first U.S. interest-rate hike in more than a decade will not come until later in 2015 at the earliest.Acc...

Greece says it will default in June without aid from lenders| Reuters

May 20, 2015 at 23:30 | Source: FirstPost

ATHENS Greece cannot make an upcoming payment to the International Monetary Fund on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge of default. Prime...

India economic growth to surpass China's in 2015-16: UN report

May 20, 2015 at 22:30 | Source: FirstPost

United Nations: India's economic growth is projected to surpass that of China's in 2016 with the GDP expected to zoom by 7.7 percent, according to a UN report which said India will help accelerate growth in South Asia.The mid-year update of the UN Wo...

Expectations from Modi government were 'probably unrealistic': Raghuram Rajan

May 20, 2015 at 13:36 | Source: FirstPost

New York: The expectations from the new government when it came to power last year were "probably unrealistic" but it has taken steps to create an environment for investment and is "sensitive" to concerns of investors, RBI Gover...

Expectations from Modi govt were 'probably unrealistic': Raghuram Rajan

May 20, 2015 at 09:44 | Source: FirstPost

New York: The expectations from the new government when it came to power last year were "probably unrealistic" but it has taken steps to create an environment for investment and is "sensitive" to concerns of investors, RBI Gover...

India's GDP to grow past China's in FY16, drive South Asian economic expansion, says UN

May 20, 2015 at 08:55 | Source: FirstPost

India's economic growth is projected to surpass that of China's, with the GDP expected to zoom by 7.7 percent in 2016, according to a UN report which said India will help accelerate economic growth in South Asia.The mid-year update of the UN World Ec...

Gold monetisation: Tax-free interest on deposits is good but scheme may fall short on many counts

May 20, 2015 at 08:15 | Source: FirstPost

From a forbidding level, except for temples and rich persons, of 500 grams, the just released draft paper allows one to deposit gold as low as 30 grams with banks and earn interest reckoned also in gold.To wit, if a bank offers to pay 1% interest, an...

Gold monetisation scheme: Old wine in new 30 gm bottle may not be enough to woo 20k T

May 20, 2015 at 07:34 | Source: FirstPost

From a forbidding level, except for temples and rich persons, of 500 grams, the just released draft paper allows one to deposit gold as low as 30 grams with banks and earn interest reckoned also in gold.To wit, if a bank offers to pay 1% interest, an...

Athens sees EU deal soon, Greeks' approval of government stance dwindles| Reuters

May 20, 2015 at 04:15 | Source: FirstPost

ATHENS Greece's labour minister said on Tuesday Athens would soon conclude a deal with its foreign creditors that could unlock further loans to the cash-starved country.Greece's new government has been in talks with its European Union and Internation...

Govt has no silver bullet, the problem is demand slowdown and not policy, says Crisil

May 19, 2015 at 15:55 | Source: FirstPost

Sluggish demand has been a key area of concern for majority of the Indian companies over the first nine months of fiscal 2015, while very few firms were affected by the steady pace of activity on the policy front, a study by Crisil showed.Acomparison...

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