Economy

The Labour Party's shadow Chancellor of the Exchequer, John McDonnell, delivers a speech outside the Royal Exchange, opposite the Bank of England in the City in London, Britain September 15, 2018. REUTERS/Hannah McKay

UK opposition says big London banks must never again be 'masters of the economy'

Prime Minister Theresa May's government weakened by her Conservative Party's infighting over Brexit, Labour is hoping her minority government will collapse.

Sep 16, 2018

By Reuters

India surpasses Japan to become third-largest world economy in terms of PPP

Purchasing power parity (PPP) compares how many goods and services a unit of money can purchase in different countries.

Sep 12, 2018

By Ramandeep Bajwa

Cranes can be seen on a construction site at the inner-city suburb of Barangaroo, the site of the Australian casino operator Crown Resorts new Sydney waterfront resort, with the Sydney Opera House located on Sydney Harbour in Australia, August 9, 2018. RE

Australia's economy storms ahead to best growth in six years

The rousing result marked the 27th year without recession, a remarkable feat given an ever-changing procession of prime ministers.

Sep 5, 2018

By Reuters

Emerging market fund managers hunt for bargains after Turkey contagion

MSCI's emerging market equity index is down 9 percent this year while China's main benchmark is off 17 percent.

Aug 27, 2018

By Reuters

Iran says its economy not at 'dead end' from U.S. sanctions

Washington has withdrawn from a deal that had lifted sanctions on Tehran in return for curbs on its nuclear programme.

Aug 19, 2018

By Reuters

Turkish Treasury and Finance Minister Berat Albayrak speaks during a presentation to announce his economic policy in Istanbul, Turkey August 10, 2018.

Turkey will emerge stronger from lira crisis despite row with U.S.: minister

With Ankara locked in a complex rift with Washington, he also played down a decision by President Donald Trump to double tariffs on imports of Turkish metals.

Aug 17, 2018

By Reuters

Turkeys Erdogan addresses rallies to mark first anniversary of failed coup

What is Turkish economic crisis?

The Turkish economic crisis has sent a ripple across the world market.

Aug 16, 2018

By Ashish Shukla

Trade War: China reports its first current account deficit in 20 years

China has witnessed a steady fall in its current account surplus since the global economic crisis of 2008.

Aug 8, 2018

By Ashish Shukla

Indian government mulls national e-commerce regulator; Amazon, Flipkart set to gain

The step will ensure consumer protection and compliance with foreign investment caps for the ever-growing e-commerce sector in the country.

Aug 2, 2018

By Ashish Shukla

The Birth of the Second Generation Union

The financial services market is expected to invest close to €1.2 billion (roughly $1.4 billion) by 2021 to implement blockchain technology for cross-sector remittance and payments.

Jun 4, 2018

By Staff Reporter

Japan wakes up to treasure island of rare earth materials in backyard

A huge patch of mineral-rich deep sea mud lies near Minamitori Island, 1,200 km off the coast of Japan, which may change future economy of the world

Apr 17, 2018

By IANS

Japan, China talk sense after 8 years

China moves closer to Japan or India every time there is a threat perception from the US

Apr 16, 2018

By Nagesh Narayana

US Fed chair reiterates gradual rate hike

The price index for personal consumption expenditure, a preferred inflation gauge by the Fed, increased 1.8 percent in February, higher than the 1.7 percent growth in January.

Apr 7, 2018

By IANS

trump-could-make-next-iphone-more-expensive

US releases proposed list of Chinese products facing 25% import tariff

The proposed tariff list is based on a so-called Section 301 investigation into alleged Chinese intellectual property and technology transfer practices, launched by the Trump administration in August 2017.

Apr 4, 2018

By IANS

president-trumps-new-opioid-plan-includes-death-penalty-for-drug-dealers

Trump hits China with tariffs on $50 bln worth of imports, China retaliates with tariffs on 128 US products

Besides these tariffs, the US also plans to impose new investment restrictions, take action against China at the World Trade Organization and the Treasury Department also will propose additional measures.

Mar 23, 2018

By IANS