Greece may return to economic growth in the middle of 2016 - EU| Reuters
Oct 10, 2015 at 01:30 | Source:
LIMA Greece is likely to return to economic growth around the middle of next year if the government makes a serious effort to regain financial stability, European Vice President for the euro Valdis Dombrovskis said. After years of recession, Greece's...
China says must make 2-4 trillion yuan green investments per year| Reuters
Oct 09, 2015 at 05:16 | Source:
LIMA China must make green investments of between 2 trillion and 4 trillion yuan ($315-630 billion) per year over the next five years, but the government can only cover 15 percent of that, China's central bank deputy governor, Yi Gang, said on Thursd...
Euro zone aims to cap Greek debt servicing at 15 percent of GDP | Reuters
Oct 09, 2015 at 04:45 | Source:
LIMA Euro-zone governments, Greece's biggest creditors, agree that debt relief for Athens should be accomplished by capping its debt servicing costs at 15 percent of gross domestic annually, the chairman of the euro zone finance ministers, Jeroen Dij...
No room for mistakes by central banks amid 'new mediocre'| Reuters
Oct 09, 2015 at 03:15 | Source:
LIMA Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting.De...
Arun Jaitley wants automatic info exchange to tackle black money
Oct 08, 2015 at 13:56 | Source:
Lima, Peru - Keen to put in place a system to prevent international tax evasion and avoidance, Finance Minister Arun Jaitley has made a strong pitch for countries to implement Common Reporting Standards on automatic exchange of information.Jaitley in...
China subscribes to data standard to boost economic statistics| Reuters
Oct 08, 2015 at 06:30 | Source:
LIMA China on Wednesday subscribed to the International Monetary Fund's Special Data Dissemination Standard (SDDS), marking a major step forward for official statistics in the country, the IMF said ahead of its annual meetings here.China's adoption o...
Greek government wins confidence vote before first bailout review| Reuters
Oct 08, 2015 at 04:45 | Source:
ATHENS Greek Prime Minister Alexis Tsipras' government comfortably won a confidence vote early on Thursday, starting a race to pass key reform laws before Athens undergoes a crucial first review of its international bailout.Greece has promised to imp...
Gold steadies, supported by weak U.S. export data| Reuters
Oct 08, 2015 at 03:15 | Source:
LONDON Gold steadied on Wednesday, supported by sluggish U.S. economic data which increased expectations that the Federal Reserve will delay raising U.S. interest rates until next year. Spot gold rose 0.1 percent to $1,147.91 an ounce by 0934 GMT, af...
Stock indexes gain with oil; biotech shares rebound| Reuters
Oct 08, 2015 at 01:30 | Source:
NEW YORK World stock indexes edged higher on Wednesday with a rebound in biotech shares boosting U.S. equities and as oil prices resumed an upward move in volatile trading.U.S. stocks rose modestly, but concern about corporate earnings just ahead of ...
Why Raghuram Rajan is now a party to inflating the asset price bubble
Oct 07, 2015 at 17:26 | Source:
In what has been hailed near unanimously as a positive move, the much awaited Raghuram Rajan rate cut was delivered in a double dose of 50 basis points on 29 September. Pressure from corporates and the government had been quite immense on this front....
Wall Street lower, investors eye upcoming quarterly reports| Reuters
Oct 07, 2015 at 02:30 | Source:
U.S. stocks fell on Tuesday as healthcare companies lost ground and investors eyed upcoming quarterly reports that are expected to show a dip in corporate earnings.A surge in DuPont's (DD.N) stock helped keep the Dow Jones industrial average in posit...