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Despite Greece, euro zone is turning the corner

Mar 01, 2015 at 21:45 | Source: FirstPost

LONDON (Reuters) - The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial centre and a hotbed of Euroscepticism.The heightened risk of a Greek de...

BJP hails Budget 2015 as pragmatic, Cong slams it as for being pro-corporate

Mar 01, 2015 at 12:43 | Source: FirstPost

As BJP leaders and ministers Friday showered praises on Finance Minister Arun Jaitley for presenting a "historic", "pro-poor, pro-farmer" or "pragmatic" budget, the opposition Congress party called it "corporate fri...

Mufti Mohammed Sayeed to take oath as J&K CM, but Kashmiris furious with BJP deal

Mar 01, 2015 at 09:45 | Source: FirstPost

Even while the PDP and BJP engaged inpower-sharing talks over the pasttwo months in Jammu and Kashmir, there was a palpable sense of deception and betrayal among the people of the Muslim-majority Kashmir Valley who had voted for the Peoples Democrati...

Pope Francis attacks "throw-away" economic globalisation

Feb 28, 2015 at 20:45 | Source: FirstPost

ROME (Reuters) - Pope Francis launched a fresh attack on economic injustice on Saturday, condemning the "throw-away culture" of globalisation and calling for new ways of thinking about poverty, welfare, employment and society.In a speech to...

Budget pleases only corporates, income tax payers: Chidambaram

Feb 28, 2015 at 18:15 | Source: FirstPost

New Delhi: Accusing Finance Minister Arun Jaitley of pleasing just the corporates and the income-tax payers, his predecessor in the UPA regime P Chidambaram on Saturday said the Modi government's first full Budget has failed the fiscal test, the test...

Indian economy is all set to take a giant leap: Rajnath hails Budget 2015

Feb 28, 2015 at 16:35 | Source: FirstPost

New Delhi: Union Home Minister Rajnath Singh on Saturday hailed the Budget presented by his colleague Finance Minister Arun Jaitley saying he has presented a "forward looking" and "progressive" one that highlights the contours of ...

Greek debt crisis: German MPs back bailout extension

Feb 28, 2015 at 04:37 | Source: BBC

The German parliament has voted to extend financial aid to Greece by another four months. The extension - approved by creditors last week in exchange for a series of Greek government reforms - needs to be ratified by eurozone members. Some MPs had e...

More yawn than firestorm: Essar 'scandal' is hardly a Radiagate

Feb 27, 2015 at 22:50 | Source: FirstPost

When Essar-gate grows up it might want to be Radiagate.Both could be regarded as stories of influence peddling. But while one caused a firestorm, the other is eliciting yawns.Two nights in a super fancy yacht do not sound that shocking. Referring peo...

More yawn than firestorm: The Essar 'scandal' is hardly a Radiagate

Feb 27, 2015 at 20:45 | Source: FirstPost

When Essar-gate grows up it might want to be Radiagate.Both could be regarded as stories of influence peddling. But while one caused a firestorm, the other is eliciting yawns.Two nights in a super fancy yacht do not sound that shocking. Referring peo...

US growth revised down to 2.2%

Feb 27, 2015 at 20:37 | Source: BBC

The slowdown in the US economy at the end of last year was more pronounced than previously thought, official figures have shown. The world's largest economy grew at an annual pace of 2.2% between October and December, against a previous estimate...

Greek debt crisis: Germans to vote on bailout after Athens violence

Feb 27, 2015 at 15:17 | Source: BBC

The German parliament is debating a plan to extend financial aid to Greece by another four months. The extension - approved by creditors last week in exchange for a series of Greek government reforms - needs to be ratified by Eurozone members. Althou...

Greek debt crisis: Violence in Athens ahead of Germany vote

Feb 27, 2015 at 12:37 | Source: BBC

Police and protesters have clashed in Athens after the first anti-government demonstration since Greece's leftist Syriza party took power last month. Dozens of activists hurled petrol bombs and stones at police and set cars alight after the marc...

PDP-BJP alliance: Kashmiris fume, warn Mufti of meeting the same fate as Sheikh Abdullah

Feb 26, 2015 at 07:31 | Source: FirstPost

As power-sharing talks were on for the pasttwo months in Jammu and Kashmir, there was a feeling of resentment and 'deceit' among the people of the Muslim-majority Kashmir Valley who had voted for the Peoples Democratic Party (PDP) in record numbers t...

Britain's Cameron still waiting for electoral gold from recovering economy

Feb 26, 2015 at 00:19 | Source: FirstPost

LONDON (Reuters) - British Prime Minister David Cameron could hardly have asked for a better run of economic numbers ahead of May's tight election.Yet he and his Conservative Party are nervously waiting to see if they can count on the turnaround in t...

South African budget raises taxes and cuts spending

Feb 25, 2015 at 22:02 | Source: BBC

South Africans were told on Wednesday to prepare for higher taxes, cutbacks in spending and three more years of power cuts. The government's annual budget outlined a 1% increase in personal income tax and spending cuts of 25bn rand (£1.4bn; $2....

PDP-BJP alliance: Kashmiris fume, warn Mufti of meeting same fate as Sheikh Abdullah

Feb 25, 2015 at 17:59 | Source: FirstPost

As power-sharing talks were on for the pasttwo months in Jammu and Kashmir, there was a feeling of resentment and 'deceit' among the people of the Muslim-majority Kashmir Valley who had voted for the Peoples Democratic Party (PDP) in record numbers t...

Janet Yellen says Federal Reserve flexible on rate rise

Feb 24, 2015 at 22:06 | Source: BBC

Janet Yellen, in her semi-annual testimony in Congress, has said the Federal Reserve can be flexible in determining when to raise interest rates, which have been near zero since 2008. Ms Yellen said that while the US economy was improving, the US emp...

US housing market recovery 'faltering'

Feb 24, 2015 at 20:47 | Source: BBC

US house prices grew at twice the rate of inflation in 2014, according to the S P/Case Shiller housing survey, but it says the recovery is faltering . Price growth edged up slightly in December, with prices up 4.5% from a year earlier compared with a...

Greek compromise: How Syriza has had to change its plans

Feb 24, 2015 at 20:47 | Source: BBC

Syriza, the left-wing party that stormed to power in Greece in January, promised voters it would ditch austerity and renegotiate the country's €240bn (£180bn; $270bn) bailout with the European Union and International Monetary Fund. But with t...

Greece submits proposed reforms in bid for loan extension

Feb 24, 2015 at 16:46 | Source: BBC

Greece has submitted a list of reform proposals to its bailout creditors, the European Commission says. The measures include combating tax evasion and tackling the smuggling of fuel and tobacco. Newly elected Greek Prime Minister Alexis Tsipras is tr...

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