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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...

Are scheduled tribes losing out in the job market? NSSO data suggests so

Mar 23, 2015 at 10:47 | Source: FirstPost

Are scheduled tribes losing out in the job market? Latest figures put out by the National Sample Survey Organisation (NSSO) indicate that is the case.The unemployment rate among scheduled tribes has increased in urban and rural areas between 2004-05 ...

Global Economy Weekahead: U.S. inflation, Greek tensions in focus

Mar 22, 2015 at 14:45 | Source: FirstPost

ROME (Reuters) - Markets still digesting an unexpectedly cautious message from the Federal Reserve will get more food for thought this week with U.S. inflation data and potentially rising risks of a Greek exit from the euro zone.The massive monetary ...

Pope asks Naples mobsters to repent and stop "mothers' tears"

Mar 21, 2015 at 18:16 | Source: FirstPost

NAPLES, Italy (Reuters) - Pope Francis called on members of organised crime to turn away from violence and exploitation and stop the "tears of the mothers of Naples" after he visited one of the city's most violent and drug-infested neighbou...

Pope rails against crime and corruption in southern Italy

Mar 21, 2015 at 17:15 | Source: FirstPost

NAPLES, Italy (Reuters) - Pope Francis visited one of Naples' most violent and drug-infested neighbourhoods on Saturday and urged residents not to let organised crime and corrupt politicians rob them of hope.Francis, on a day-long trip to the souther...

Tunisian took break from travel agent job to shoot tourists

Mar 21, 2015 at 15:30 | Source: FirstPost

OMRANE SUPERIEUR, TUNISIA (Reuters) - Shortly before he and a friend gunned down 20 foreign tourists at Tunisia's Bardo museum, Yassine al-Abidi sat down to a breakfast of olive oil and dates with his family and left for work at his travel agency as ...

EU and Balkan countries launch anti-jihadist campaign

Mar 21, 2015 at 01:34 | Source: FirstPost

VIENNA (Reuters) - The European Union and Balkan countries launched a campaign on Friday aimed at stemming the flow of fighters from southeastern Europe to join jihadists in the Middle East.Interior and foreign ministers from across the Balkans pledg...

Farmer suicides have decreased since 2009: Government tells Supreme Court

Mar 20, 2015 at 21:44 | Source: FirstPost

New Delhi: The Centre on Friday told the Supreme Court that number of suicide deaths of farmers have decreased since 2009 and there were factors other than agrarian which led them to take their lives.It said out of a total of over one lakh suicides i...

Congress will bounce back to its glorious past: Kamal Nath

Mar 20, 2015 at 09:17 | Source: FirstPost

Ghaziabad: Congress will bounce back to its glorious past within a short span of time as the grassroots workers of the party are striving hard relentlessly, party MP and former Union minister Kamal Nath said.Each and every political party is supposed...

World stocks roar Fed approval, dollar fights back

Mar 19, 2015 at 23:45 | Source: FirstPost

LONDON (Reuters) - World shares rose back towards all-time highs and a slump then a jump in the dollar triggered wild moves in currency markets on Thursday, as investors priced in a later start and a slower pace for future U.S. rate rises.European sh...

US Fed statement: No rate hike till job market improves, inflation rises

Mar 19, 2015 at 09:26 | Source: FirstPost

The Federal Reserve signaled on Wednesday that it needs to see further improvement in the job market and higher inflation before it raises interest rates from record lows.At the same time, the Fed at least opened the door to a rate increase later thi...

US Fed statement: No rate hike until job market improves, inflation rises

Mar 19, 2015 at 07:48 | Source: FirstPost

The Federal Reserve signaled on Wednesday that it needs to see further improvement in the job market and higher inflation before it raises interest rates from record lows.At the same time, the Fed at least opened the door to a rate increase later thi...

Target follows rival Walmart in wage increase

Mar 19, 2015 at 07:22 | Source: BBC

US retail giant Target will raise the minimum wage it pays its employees to $9 (£6) an hour after rivals announced similar moves, according to reports. The wage rise would begin at all of its 1,800 US stores in April. The move follows announcements ...

Dollar down, bonds elated as Fed takes dovish tone

Mar 19, 2015 at 05:45 | Source: FirstPost

SYDNEY (Reuters) - The dollar nursed punishing losses in Asia on Thursday after investors priced in a later start and a slower pace for future U.S rate rises, slashing Treasury yields and firing up Wall Street stocks.The formerly friendless euro foun...

The Fed’s delicate task

Mar 19, 2015 at 02:07 | Source: BBC

The Federal Reserve's latest statement suggests that the path is clear for an interest rate rise in June or September without surprising markets. Rather amusingly, it's because the word patience was removed from the statement. Of course, it...

Budget 2015: George Osborne targets savers in pre-election package

Mar 18, 2015 at 22:07 | Source: BBC

George Osborne has announced tax cuts for first-time buyers, workers and savers in his final Budget before May's general election. The chancellor claimed Britain was walking tall again after five years of austerity. He also cut 1p from beer duty...

Global Economy Weekahead - Has the Fed's "patience" been exhausted?

Mar 15, 2015 at 15:45 | Source: FirstPost

LONDON (Reuters) - For a world economy coming to terms with a soaring dollar and a plunge in oil prices, this week will be all about the U.S. Federal Reserve's policy meeting and its intentions on interest rates.A combination of the European Central ...

No more Blue Banana, Europe's industrial heart moves east

Mar 15, 2015 at 15:30 | Source: FirstPost

BRUSSELS (Reuters) - Once depicted as a "Blue Banana" stretching from Manchester to Milan, Europe's industrial heartland has moved eastwards just as its political centre of gravity has shifted to Germany.The term was coined in 1989 - the ye...

China has plenty of room to manoeuvre policy - Premier Li

Mar 15, 2015 at 12:30 | Source: FirstPost

BEIJING (Reuters) - China has a lot of room to manoeuvre its policy and boost its economy having avoided using strong, short-term stimulus in recent years, Premier Li Keqiang said on Sunday, in a rare suggestion that authorities can do much more to s...

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