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Shares tumble on global growth concerns; Treasury yields fall| Reuters

Feb 09, 2016 at 01:30 | Source: FirstPost

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: FirstPost

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...

Oct-Dec GDP today: Exports falling, investment muted; will low base boost growth?

Feb 08, 2016 at 09:25 | Source: FirstPost

India's economy probably lost momentum towards the end of 2015 on dwindling domestic and global demand even as the Reserve Bank of India (RBI) eased policy four times to boost growth last year, a Reuters poll found.Shrinking orders from the United St...

China FX reserves fall almost $100 bln to lowest since May 2012

Feb 08, 2016 at 07:44 | Source: FirstPost

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...

Oct-Dec GDP today: Exports shrinking, investment muted; will low base boost growth?

Feb 08, 2016 at 07:17 | Source: FirstPost

India's economy probably lost momentum towards the end of 2015 on dwindling domestic and global demand even as the Reserve Bank of India (RBI) eased policy four times to boost growth last year, a Reuters poll found.Shrinking orders from the United St...

China FX reserves fall almost $100 bln to lowest since May 2012| Reuters

Feb 07, 2016 at 10:15 | Source: FirstPost

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...

China central bank to fine tune policy, keep yuan stable - Q4 monetary report| Reuters

Feb 06, 2016 at 22:15 | Source: FirstPost

BEIJING China will fine tune monetary policy and keep the yuan basically stable while guarding against systemic financial risks, the country's central bank said on Saturday in its fourth-quarter monetary policy report.China will also maintain an appr...

IMF hopeful of India implementing 'critically important' reforms

Feb 06, 2016 at 11:36 | Source: FirstPost

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...

U.S. labor market on solid ground as jobless rate hits eight-year low| Reuters

Feb 06, 2016 at 06:15 | Source: FirstPost

WASHINGTON U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm.Non-far...

U.S. labour market on solid ground as jobless rate hits eight-year low| Reuters

Feb 06, 2016 at 01:30 | Source: FirstPost

WASHINGTON U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labour market recovery remains firm.Nonfar...

Those who lost election disrupting Parliament to avenge poll defeat: Modi slams Gandhi family

Feb 05, 2016 at 22:55 | Source: FirstPost

Moran: Singling out the Sonia Gandhi family, Prime Minister Narendra Modi on Friday accused the Congress President and her son Rahul Gandhi of disrupting Parliament to avenge defeat in 2014 Lok Sabha polls and hence blocking the passage of bills aime...

Forex reserves rises by $1.589 bn to $349.152 bnlast week

Feb 05, 2016 at 18:16 | Source: FirstPost

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....

Those who lost LS election disrupting Parliament to avenge poll defeat: Modi slams Gandhi family

Feb 05, 2016 at 16:53 | Source: FirstPost

Moran: Singling out the Sonia Gandhi family, Prime Minister Narendra Modi on Friday accused the Congress President and her son Rahul Gandhi of disrupting Parliament to avenge defeat in 2014 Lok Sabha polls and hence blocking the passage of bills aime...

The birthday letter Narendra Modi didnt write to Raghuram Rajan

Feb 05, 2016 at 09:39 | Source: FirstPost

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 ...

Gold perched near three-mth high ahead of US jobs, eyes best week in four| Reuters

Feb 05, 2016 at 07:15 | Source: FirstPost

MANILA Gold, trading near its highest since October on Friday, is on track to score its strongest weekly gain in a month as the U.S. dollar is pressured by growing doubts that the Federal Reserve can stick to its interest rate hike campaign.FUNDAMENT...

Dollar nurses losses as payrolls report looms| Reuters

Feb 05, 2016 at 06:15 | Source: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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...

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