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China c.bank injects $81 billion into major banks to support economy - reports

Sep 18, 2014 at 04:30 | Source: FirstPost

SHANGHAI (Reuters) - China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy...

Rupee gains for second straight session on Fed rate hopes

Sep 18, 2014 at 02:45 | Source: FirstPost

Reuters Market Eye - The rupee gained for a second consecutive session on Wednesday, tracking other Asian currencies, on expectations the U.S. Federal Reserve would not move to hike interest rates at the end of its meeting later in the day.Emerging m...

Fed renews zero rate pledge, but hints at steeper rate hike path

Sep 18, 2014 at 00:30 | Source: FirstPost

WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday renewed a pledge to keep interest rates near zero for a "considerable time" but it issued projections that suggested it may raise borrowing costs a bit quicker than it had been th...

Ebola crisis: The economic impact

Sep 17, 2014 at 22:01 | Source: BBC

With more than 1,300 reported deaths from Ebola in West Africa, the virus continues to be an urgent health crisis, but it is also having a devastating impact on the economies of Guinea, Liberia and Sierra Leone. The economy has been deflated by 30% b...

China's central bank said to inject $81bn into system

Sep 17, 2014 at 16:52 | Source: BBC

China's central bank is said to be injecting 500bn yuan ($81bn; £50bn) into the five biggest state-owned banks to counter slowing growth in the world's second-largest economy. The People's Bank of China (PBOC) is reportedly giving eac...

UK jobless rate falls to lowest level since 2008

Sep 17, 2014 at 16:52 | Source: BBC

The unemployment rate fell to 6.2% over the three months to the end of July, its lowest level since 2008, official figures show. The number of jobless people fell by 146,000 to 2.02 million over the quarter, the Office for National Statistics (ONS) r...

As independence vote nears, here's all you need to know about Scotland

Sep 17, 2014 at 13:49 | Source: FirstPost

Glasgow, Scotland: The people of Scotland will decide on Thursday whether to end a partnership with the rest of the United Kingdom that has lasted more than 300 years. Here is a guide to Scotland as the historic vote nears.What is Scotland?Scotland, ...

Why RBI Governor Raghuram Rajan may be right about a crash

Sep 17, 2014 at 10:17 | Source: Economic Times

By Soumya Kanti Ghosh In a series of recent interviews, Reserve Bank of India governor Raghuram Rajan warned of a 'crash' should there be sudden reversal in risk perception already distorted by unconventional monetary policies in the West. The ration...

Gaza violence will resume without urgent economic reform: IMF, World Bank

Sep 17, 2014 at 07:33 | Source: FirstPost

The World Bank and International Monetary Fund have warned that insufficient funding and political efforts to rebuild Gaza would make economic recovery almost impossible and lead to further violence.The warnings came three weeks after Israel and Hama...

Q A: Inflation explained

Sep 16, 2014 at 15:47 | Source: BBC

Inflation is one of the most important issues in economics. It influences the interest rate we get on our savings and the rate we pay on our mortgages. Inflation also affects the level of state pensions and benefits, as well as the price of some trai...

How Sri Lanka's Sinhala supremacists are helping ISI's war against India

Sep 16, 2014 at 13:35 | Source: FirstPost

Velupillai Prabhakaran was killed on May 19, 2009, and it was believed that with him, his outfit the Liberation Tigers of Tamil Eelam (LTTE) and its cadre were finished too.However, evidence on the ground suggests that the surviving, trained yet jobl...

Indian media: Drop in inflation boost for PM Modi

Sep 16, 2014 at 11:47 | Source: BBC

Papers see a drop in India's inflation rate as a good sign for Prime Minister Narendra Modi's economic revival plan. India's main gauge of inflation, the Wholesale Price Index, fell to a near five-year low of 3.7% in August from 5.19% ...

Dalal Street gears up for new share sales worth Rs 2 lakh crore

Sep 16, 2014 at 11:47 | Source: Economic Times

MUMBAI: The primary market is likely to witness a deluge of fresh paper worth over Rs 2 lakh crore within the next year as the government looks to trim stakes in its companies and private firms aim to raise fresh capital. But, sceptics are not sure w...

RBI Governnor Raghuram Rajan rules out cutting rates as WPI inflation falls to 3.74%

Sep 16, 2014 at 10:05 | Source: Economic Times

MUMBAI: Reserve Bank of India governor Raghuram Rajan gave the clearest possible signal that he'll keep interest rates unchanged at the month-end monetary policy announcement, just as the government announced wholesale inflation slowed the most in al...

ASSOCHAM Reaction - Wholesale Price Index for August 2014

Sep 16, 2014 at 00:02 | Source: Assocham

Apex industry body ASSOCHAM has welcomed the estimates of low wholesale price inflation in August 2014. If we recall, in August 2013 the Country witnessed build up of inflationary pressures mainly aided by steep increase in the prices of primary art...

ECB eurozone action: Will it work?

Sep 15, 2014 at 18:32 | Source: BBC

Further action to avert the eurozone's economic decline had been expected - just not quite so soon. If the timing of the European Central Bank's latest rescue measures tell us anything, it's that things in the 18-country euro bloc are ...

Scottish independence: Thousands on the streets for weekend campaign

Sep 14, 2014 at 16:01 | Source: BBC

Thousands of supporters of both sides in the Scottish referendum debate took to the streets on the final weekend before the vote. The pro-independence Yes Scotland campaign had said Saturday would be the biggest day of national campaigning Scotland h...

Jolt to recovery run Factory growth sluggish, retail inflation sticky

Sep 13, 2014 at 10:57 | Source: Calcutta Telegraph News

New Delhi, Sept. 12: The growth in industry output hit a four-month low of 0.5 per cent in July and retail inflation remained high, dashing hopes of a quick economic revival and a rate cut by the Reserve Bank of India. Factory output, as measured by...

As Ebola grows out of control, WHO pleads for more health workers

Sep 13, 2014 at 04:45 | Source: FirstPost

LONDON/GENEVA (Reuters) - The number of new Ebola cases in West Africa is growing faster than authorities can manage them, the World Health Organisation (WHO) said on Friday, renewing a call for health workers from around the world to go to the regio...

Worst Ebola outbreak on record tests global response

Sep 12, 2014 at 04:45 | Source: FirstPost

(Reuters) - International agencies and governments are struggling to contain the world's worst epidemic of Ebola since the disease was discovered in 1976. The hemorrhagic virus has killed at least 2,296 people in West Africa.Here is a timeline of the...

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