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Union Finance Minister Arun Jaitley Addresses A Press Conference At BJP HQ

India's FM voices rate cut ahead of RBI policy review

Arun Jaitley, India's Finance Minister, has voiced for a possible interest rate cut ahead of Reserve Bank of India's (RBI) review meeting next week, while focusing on controlling fiscal deficit. The Centre has already slashed interest rate on small savings making more conducive weather for lending rate cut.

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2016 Los Angeles Times

US Q4 growth rate beats estimates

The rise in household spending has propelled US economy to grow surpass earlier forecasts for fourth quarter of 2015. However, the US GDP growth rate eased in fourth quarter from previous quarter.

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Reserve Bank Of India Governor Rajan Unveils Interest-Rate Decision

ICRA foresees 7.7% growth for India in 2016-17

Rating agency ICRA forecasts India's gross domestic product (GDP) growth rate at 7.7 percent for next financial year 2016-17. The rating agency cites reasons for GDP growth rate to the implementation of 7th Pay Commission, OROP recommendations and domestic consumption.

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China's Central Bank Governor Zhou Xiaochuan News Conference

Chinese Central Bank Governor Warns Over Rising Debt Levels

The Chinese central bank governor has warned over rising debt levels. To tackle the abnormal situation, the central bank feels necessity for promulgation of regulation guarding excessive leverage in foreign currencies. Meanwhile, the Chinese government vows to respond according to the call of time.

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World Bank Group & International Monetary Fund Annual Fall Meetings

Chile keeps key rate unchanged amid slowest growth in 6 years

Central bank of Chile has not changed its key interest rate for three months in a row even though it recorded the slowest economy growth rate in six years in January 2016. The inflation rate is alarmingly at 4.7 percent above the two percent target of Chile government.

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General Views Of The Reserve Bank of Australia Headquarters Ahead Of Policy Decision

Australia adjusting from mining-led economy

Australian economy was picking up pace during the fourth quarter. The commodity-based economy witnessed an annualized growth rate of three percent, fastest in two years, as against the forecast of 2.5 percent.

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Russian Prime Minister Dmitry Medvedev Visits China

China aims 7% economic growth in 2016

China is targeting seven percent gross domestic product (GDP) growth rate for 2016. The Chinese government is keen on real growth prospects over restructuring exercise this year, while avoiding inflating debt or asset bubbles.

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Indian Finance Minister Arun Jaitley And Reserve Bank Of India Governot Raghuram Rajan Press Conference

FDI surge in services sector propels India's GDP

India's services sector recorded 85.5 percent surge in inflows of foreign direct investments (FDI) during April - December 2015 period. This is 17 percent of the total FDI that India received during the period. The services sector contributed over 60 percent to the country's GDP.

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Union Budget 2016: Arun Jaitely Presents His Third Budget In Parliament : News Photo Comp Union Budget 2016: Arun Jaitely Presents His Third Budget In Parliament

India's defense budget down to 1.65% of GDP

India's budget allocation for the defense sector fell for the first time in the latest Union Budget-2016. India had been increasing military budget since its war with China 1962. It was notably down to 1.65 percent from 1.74 percent in previous budget.

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Bloomberg Africa Business And Economic Summit

Africa's largest trading block to get more funds

Africa's largest trading block is attracting attention of global investors and businessmen. The recent 'Africa 2016' investment forum held in Egypt had participation of over 1,500 businessmen and government representatives. Foreign investors have called for more reforms and policy changes among African nations.

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CHINA-ECONOMY-STOCKS-MARKET

New policies unveiled to push China's economy

China has unveiled a series of new initiatives to push its economy growth rate. The government is keen on meeting the increasing demand in small and medium-sized homes. Another set of new rules for accelerating reforms at state-owned enterprises will be announced soon.

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1 pound banknote...

Pound gains as UK economy grows in Q4

The British Pound strengthened against major global currencies after a report on UK's GDP growth. The report said that UK's economy speeded up during the fourth quarter of 2015. The rise in consumer demand helped the economy expansion. The British Pound recovered from the two-week low of 1.4338 against the US dollar to at $1.4314.

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US Factory Activity

U.S. factory orders fall for sixth straight month

New orders for U.S. factory goods unexpectedly fell in January, posting their sixth straight monthly decline, a sign of weakness in the manufacturing sector.

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Black Friday sales

U.S. third-quarter growth likely to be revised higher on services data

U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip.

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UK

UK economy recovers, credits house building and investments

New data released by the the Office for National Statistics in London today indicated a brighter economic outlook in the UK, thanks largely to an increase in business investments and home constructions.

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