Speaking to CNBC-TV18, Bill Maldonado, Chief Investment Officer-Asia Pacific and Global CIO-Equities at HSBC Global Asset Management, said the Modi government has a fantastic track record on reforms.
The IMF's stark warning on Greece's debt came as Prime Minister Alexis Tsipras struggled to persuade deeply unhappy leftist lawmakers to vote for a package of austerity measures and liberal economic reforms to secure a new bailout.
After deciding to cut down her security detail by half, not moving to the designated chief minister's house and stopping at traffic lights, Vasundhara Raje now wants ministers and officials to go down the same route. District collectors, SPs and ministers have been directed accordingly at the Collectors and SPs conference in Jaipur.
As Ireland gets ready to exit its bailout program this weekend, Finance Minister Michael Noonan tells CNBC that there is a sense of achievement that the economy is getting back on its feet.
The average (median) bonus payout for a chief executive in the FTSE 350, the index of the UK's top listed companies, was Â£905,000 in 2013, a 7 percent fall from 2012, according to analysis by PricewaterhouseCoopers (PwC).
Group of 20 nations (G20) kepr growth on priority ahead of austerity as it seeks to rebalance a multi-speed global economy. The meeting of all central bank governors and finance ministers in Moscow on Saturday will give finishing touches to a joint communique.
India has slowed down from 8-9 percent to about 4.5-5 percent. Hence, domestic market has not sold off that much. The domestic market has held up relatively well, which gives confidence that when the flows come back, India should outperform being more insulated compared to some of the other markets
Another report on Thursday showed the number of new jobless claims rose last week, and together the data reinforced the view that the US economy may be entering yet another soft patch.
Austerity is having a devastating effect on health in Europe and North America, driving suicide, depression and infectious diseases and reducing access to medicines and care, researchers said on Monday.
Fatigued by years of austerity and swayed by promises of debt relief, Icelandic voters dumped the Social Democrats from power on Saturday, returning a centre-right government that ruled over its stunning financial collapse just five years ago.
India's austerity push in a Budget to be unveiled on Thursday threatens to have the unintended impact of adding to inflationary pressure, hampering chances for rapid interest rate cuts that the government wants, RBI officials told Reuters.
Arms sales by the 100 biggest weapons makers fell for the first time since the mid-90s in 2011 as economies slowed and military equipment purchases were reduced for operations in Afghanistan and Iraq, a leading think-tank said on Monday.
Encouraged by the euro zone's resilience last year in the face of severe doubts about its survival, some outside investors have snapped up assets in the strongest corners of the region.
The key word of 2013 will not be debt, growth or recessionâ€”it will be default. No one will want to use that word and will instead use terms like "forgiveness" and "realignment of future commitments." Here are five predictions for how this story will play out.
The rupee dropped on Monday to its weakest level against the dollar in more than a month and half, tracking a bout of global risk aversion ahead of US elections and a key Greek parliamentary vote on austerity.
Sarah Hewin of Standard Chartered says markets have largely put Greece woes behind it at the moment. â€œWe have seen the peripheral debt markets rallying since Mario Draghi announced the new bond buying plan from the ECB,â€ she told CNBC-TV18 in an interview.
Tens of thousands of people marched through Rome in a "No Monti Day" on Saturday, some throwing eggs and spraying graffiti to protest against austerity measures introduced by Italian Prime Minister Mario Monti's government.
Spain's government is putting finishing touches to an up to 30 billion euro package of spending cuts and tax hikes to help it meet this year's deficit targets, sources with knowledge of the matter said.
Here's a nightmare for Europe's leaders to ponder as they prepare for yet another summit to tackle the euro zone crisis: a bond auction fails in Spain, spreading solvency worries to Italy and beyond and triggering uncontrollable bank runs that spell the single currency's end.
Couch-surfing, a junk-food diet, bootleg kits, budget flights at punishing hours, and above all enough passion for the beautiful game to remind yourself why you endure this.
Latest data shows the Indian economy grew at a shocking 5.3% in the fourth quarter of the last fiscal, a level last seen 9 years ago. This takes the overall FY12 growth numbers to an abysmal, lower-than-expected 6.5%. While the government is still putting on a brave face, the FY13 growth target of 7% may be a long shot.
Launching an austerity drive to contain expenditure, the government today banned creation of new posts in its departments and holding their meetings in five-star hotels besides imposing curbs on foreign travel.
India announced a series of austerity steps on Thursday, including a 10% cut in non-plan expenditure for 2012/13, in a bid to contain its ballooning fiscal deficit.
Seven out of 10 Britons want the government to soften its spending cuts and do more to stimulate economic growth, according to an opinion poll published on Tuesday that will make uncomfortable reading for the ruling coalition.
Citing deteriorating global economic situation and its impact on India, a worried government today announced that it would resort to "unpopular" austerity measures to deal with fiscal problems.