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Rate cut next week? Some believe Rajan will surprise again though macros don't favour

Mar 31, 2015 at 12:53 | Source: FirstPost

Predicting Raghuram Rajans calls on monetary policy rate action is a high-risk task for most economists, given the Reserve Bank of India governor's penchant for springing surprises that often defies market logic.This time, however, as the RBI readies...

PM Modi's decision to attend Lee Kuan Yew's funeral will cement India-Singapore ties

Mar 29, 2015 at 10:38 | Source: FirstPost

Few would dispute that Prime Minister Narendra Modi has been a greater runaway success in his foreign policy outreach than what he has been in domestic politics thus far.His decision to visit Singapore for a few hours on Sunday to attend the funeral ...

PM Modi's decision to attend Lee Kuan Yew's funeral will cement India-Singapore bilateral ties

Mar 29, 2015 at 09:10 | Source: FirstPost

Few would dispute that Prime Minister Narendra Modi has been a greater runaway success in his foreign policy outreach than what he has been in domestic politics thus far.His decision to visit Singapore for a few hours on Sunday to attend the funeral ...

Crude shock: Deeper crisis in Yemen could mean your loan rates won't fall as expected

Mar 27, 2015 at 15:42 | Source: FirstPost

Fresh signs of tensions emerging in Southwest Asia, where a Saudi Arabia-led coalition has begun airstrikes on Yemen rebels, have raised worries of a potential spike in crude oil prices, which will have a ripple effect on oil importing countries like...

Crude shock: A deeper crisis in Yemen could mean your loan rates won't fall as expected

Mar 27, 2015 at 13:28 | Source: FirstPost

Fresh signs of tensions emerging in Southwest Asia, where a Saudi Arabia-led coalition has begun airstrikes on Yemen rebels, have raised worries of a potential spike in crude oil prices, which will have a ripple effect on oil importing countries like...

Analysis: Pilot's actions may add to Germanwings' liability in mountain crash - lawyers

Mar 27, 2015 at 05:45 | Source: FirstPost

NEW YORK/BERLIN (Reuters) - Lufthansa (LHAG.DE) subsidiary Germanwings could face liabilities well above the typical ceiling in airline crashes for the passengers who died on Tuesday when one of its jets was flown into an Alpine mountain, some aviati...

Insight - Fed market gurus prep rate hike amid last-minute anxieties

Mar 27, 2015 at 00:45 | Source: FirstPost

NEW YORK (Reuters) - The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over s...

ECB's Draghi says money printing already helping recovery

Mar 27, 2015 at 00:30 | Source: FirstPost

ROME (Reuters) - Bond-buying by the European Central Bank will reinforce the euro zone's economic recovery, its president, Mario Draghi, said on Thursday, adding that there was already evidence that the scheme was taking effect."Monetary policy ...

Wall Street down after air strikes on Yemen, but off lows

Mar 26, 2015 at 23:45 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks declined on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, but were off session lows as the S&P 500 attempted to hold a key technical level. Oil prices climbed, with Brent crude up 2.5 p...

This is next: A $9 trillion problem of global finance thanks to rising dollar

Mar 26, 2015 at 07:35 | Source: FirstPost

That global finance has been in a mess since the start of the global financial crisis in September 2008, is old news now. But the fact that a bigger mess might be awaiting it, should still make for news.A January 2015 research paper titled Global dol...

Quite certain there will be more rate cuts in future, says Jaitley

Mar 25, 2015 at 21:22 | Source: FirstPost

New Delhi: Days ahead of RBI's annual monetary policy, Finance Minister Arun Jaitley today said India needs lower interest rates for high growth and certainly there will be more rate cuts in future triggering reduction in cost of borrowings."I a...

Ruth Porat to join Google as Chief Financial Officer

Mar 25, 2015 at 10:42 | Source: FirstPost

After Google CFO Patrick Pichette announced his intent to retire via a Google+ post, the company has announced that Ruth Porat, currently Chief Financial Officer at Morgan Stanley, will join its management team as CFO.Ruth joined Morgan Stanley in 19...

Greece risks running out of cash by April 20, scrambles on reforms

Mar 25, 2015 at 02:30 | Source: FirstPost

ATHENS/BERLIN (Reuters) - Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving it little time to convince sceptical creditors it is committed to economic reform.A...

Strong euro zone business growth pushes euro to $1.10

Mar 24, 2015 at 23:30 | Source: FirstPost

LONDON (Reuters) - The euro rose and European shares steadied on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure.U.S. stock in...

Pro-investment India to grow faster than China at 7.8% next fiscal: ADB

Mar 24, 2015 at 10:14 | Source: FirstPost

New Delhi: The Asian Development Bank (ADB) on Tuesday projected India's growth rate to surpass China and improve to 7.8 percent in next fiscal and further to 8.2 percent in 2016-17.India's growth and investor confidence will improve on the back of g...

Asian shares fuelled by Wall St's rise on weaker dollar

Mar 24, 2015 at 04:15 | Source: FirstPost

TOKYO (Reuters) - Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel gains on Wall Street. The greenback remained under pressure in Asian trading, with the dollar index edging down about 0.1 percent to 97....

Greek PM wrote to Merkel warning of "impossible" debt obligation

Mar 24, 2015 at 03:30 | Source: FirstPost

ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras wrote to German Chancellor Angela Merkel last week warning that it would be "impossible" for Greece to make debt payments over the next few weeks without more financial help, his govern...

Greece worries leave Europe subdued, Asia makes gains

Mar 24, 2015 at 01:45 | Source: FirstPost

LONDON (Reuters) - Caution about Greece ahead of a meeting between its prime minister and Germany's Angela Merkel prompted a nervy start to the week for European markets on Monday.Shares and currencies in Asia, in contrast, had rallied on easy moneta...

Fed expected to hike this year, but future path uncertain - Fischer

Mar 24, 2015 at 00:15 | Source: FirstPost

NEW YORK (Reuters) - The Federal Reserve is "widely expected" to begin raising interest rates this year though the path remains uncertain, with policymakers deciding subsequent policy moves on a meeting-by-meeting basis, a top Fed official ...

U.S. stocks up as dollar adds to losses; oil gains

Mar 23, 2015 at 23:30 | Source: FirstPost

NEW YORK (Reuters) - U.S. stocks edged higher on Monday following strong gains in major indexes the previous week, as investors assessed gyrations in the dollar and crude prices and their impact on equities.Energy stocks were among the largest gainer...

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