Top 50 Economics News & Stories - July 10
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The Narendra Modi-led BJP government presented what was widely perceived as an investor-friendly federal budget to the Indian parliament on Thursday.
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The PSI20 - Portugal's "Dow" - is down 22% from its exuberant early-year highs (when Europe was fixed). Who could have guessed that under the surface, nothing was fixed? We are sure the next few days will be full of reassurances from ass...
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Hispanics make up 16.3% of the U.S. population but own only 2.2% of the wealth.
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The Opposition to Urban Tolling Alliance has announced a new campaign to fight e-tolling in Gauteng and says it's not about civil disobedience.
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But, but, but everyone said growth was back...
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Weak economic data and fears of a banking crisis in Portugal sent shares down across the Continent.
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Goods and services tax (GST) regime can add about 1.5% to India's GDP.
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Germany's trouncing of Brazil was unprecedented in World Cup history, but the result may not be as surprising as you might think Brazils 7-1 drubbing at the hands of Germany in Belo Horizonte took players, pundits and fans completely by ...
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U.S. stock futures are down sharply ahead of the market open Thursday after worries emerged about the financial stability of one of Portugal's largest financial firms. Those concerns hit European… Click to Continue »
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You know things are not going your way when a long-time ally and peer in the world's power structure 'shuns' you. *GERMANY EXPELS U.S. DIPLOMAT OVER ESPIONAGE AFFAIR *GERMAN GOVT TAKING ISSUE 'VERY SERIOUSLY,' CHANCELLERY SAYS *EXPULSION...
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President Jacob Zuma says there is no need for violence during a strike, as the pay dispute in the metals industry continues.
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India's new government unveiled its first budget, promising a big boost to economic growth over the next three years.
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It has become clear that no price is too small to subsribe to Gartman's newsletter and always, always , do the opposite. From his July 10th letter to "clients" SHARE PRICES AROUND THE WORLD HAVE MOVED HIGHER following the release ...
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Office for Budget Responsibility revises down long-term North Sea oil revenue expectations by a quarter
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Power Minister Piyush Goyal said that the government prefers calibrated approach to hiking FDI caps in insurance and defence sector.
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Arun Jaitley's Union Budget today too was not exactly overflowing with specific timelines for tackling some of the vexatious issues. The market first dropped sharply, then rallied with even greater force, before closing on a subdued note...
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WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week to one of its lowest levels since before the 2007-09 recession, a sign of increasing health...
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Prime Minister Narendra Modi's maiden budget was expected to announce major reform measures but the document didn't meet such expectations, analysts said.
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This week’s episode is called “What Do King Solomon and David Lee Roth Have in Common?” (You can subscribe to the podcast at iTunes , get the RSS feed , or listen via the media player above. You can also read the transcript , which in...
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As far as gas is concerned, Prakash Javadekar said that petroleum and other things definitely have a bearing of what is happening in Middle East particularly Iraq, Syria and everywhere and so, that definitely impacts.
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Watch the interview of Ravi Mathur, Secretary, Dept of Divestment with Shereen Bhan of CNBC-TV18. He spoke about Union Budget 2014 and the disinvestment roadmap that this government has put together.
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LONDON (Reuters) - The Bank of England held interest rates at record lows on Thursday but the pace of Britain's recovery looks likely to divide its policymakers soon over when to start weaning the...
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Shortfall between exports and imports was the largest since January after imports rose at their fastest pace for almost a year Britain's trade deficit unexpectedly grew to £2.4bn in May, fuelling concerns that the strength of the p...
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BRUSSELS (Reuters) - Germany's faltering economy has cast further doubt over the euro zone's prospects for recovery this year, with no other big country strong enough to pick up the slack.
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[MUSIC: Margie Butler, “Morag’s Cradle Song/Walter Kilpie” (from Festival De Musiques Irlandaises Vol. 1 (Musiques Celtiques))] Stephen J. DUBNER: Hello. I’d like you to imagine for a moment that you a sheep farmer. Not some fancy, 21st-...
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The move is likely to benefit the local units of retailers such as Marks Spencer Group Plc, Nike Inc, Puma SE and Benetton Group Spa among others, who currently sell online in India through local franchisees or licensing agents.
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Remember when everyone ignored this story about Espirito Santo in May: "Portugal's Largest Bank "In Serious Financial Condition" Auditor Warns. " Good times. Alas, one can only kick the can of Europe's banking sector insolvency so far be...
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Finance Minister Arun Jaitley today proposed to extend 10-year tax holiday to companies that start power generation by March 31, 2017 in his maiden Budget.
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Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years. Click to Continue »
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Europe is collapsing, contagion is spreading, US firms are admitting "it's not the weather"... but initial jobless claims news is great so BFTD? After 5 weeks of misses, initial claims beat and fell to 304k - just shy of the record low f...
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While the Finance Minister Arun Jaitley's pledge to keep government finances in check was welcomed by one and all, the lack of details on how to narrow the fiscal deficit made it challenging to assess the credit impact.
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The Fed spends an inordinate amount of time focusing on increasing Lending with the idea that loan growth increases economic activity. Is it possible that the Fed may have it backwards and that it is Interest Income derived from Savings&...
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Import tax on gold remains at record-high 10%.
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Ajaj S Shriram, President, CII said, FM has focused a lot on agriculture reforms as well, which is great direction for 60 percent of India's population living in the rural areas.
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NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi's new government on Thursday unveiled a first budget that seeks to revive growth and curb borrowing, but left open questions on how it will...
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Rural development lender Nabard today welcomed Budget proposals for farm sector terming them "very positive and timely" that will help rural economy.
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More signs are emerging that Britain's housing market is starting to moderate, even in hotspots like London, although mortgage lending continues to rise.
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On Goods and Services Tax (GST), Mayaram said the Centre expects to reach a consensus on GST with states and may move legislation by the Winter Session.
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Reddy says introduction of infrastructure trusts like real estate will help infra companies recycle equity
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India Inc today welcomed the Narendra Modi government's maiden Budget, saying it sets the tone for attaining higher growth trajectory, job creation and attracting much-needed investments for an economy grappling with multiple challenges.
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“The 80:20 rules were the biggest impediment for smooth operations of imports and development of premiums on gold as the export relation to imports had no relevance and had built a big parallel economy," Haresh Soni, Chairman of All In...
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Fiscal watchdog highlights long-term fiscal challenges for UK government as revenues decline and population ages.
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Russia's state-controlled firms must have accounts at banks with at least 10bn roubles in capital.
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Espirito Santo Financial Suspends Shares, Bonds on ESI Exposure ( BBG ) Europe Stocks Drop for Fifth Day as Espirito Santo Sinks ( BBG ) Espirito Santo Creditors Doubt Containment on Missed Payment ( BBG ) French Stocks Seen Extending Lo...
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The Union Budget announced by Finance Minister Arun Jaitley will be useful in increasing investments and hence growth, says Adi Godrej, chairman, Godrej Group.
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IBTimes UK caught up with the general secretary of Unison ahead of the public sector strike.
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Exports for June rose 7.2%, compared to May's growth of 7%, and trade surplus remained about $30bn.
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India's new government introduces a reformist budget, lifting some caps on foreign investment, tightening borrowing limits and including plans to introduce a goods and services tax.
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There is much greater awareness among the general public that labour unrest will be around until something changes, says Terry Bell in his weekly Labour Wrap.
