Chinese property prices rose at the fastest pace in more than two years in major cities, defying tougher

China's Commerce Ministry said Tuesday that it will review a broad range of business issues with the European Union this week, including a potentially

What central banks may have the world over is a failure to communicate. Officials are struggling to spell out their visions for monetary

Exporters have called for policy measures including interest rate cuts to push growth as exports declined in May reflecting weakness in global recovery.
With the sharp rupee depreciation not giving them commensurate benefits and the Government focusing on checking gold and crude oil imports to contain trade deficit, exporters say that policy makers should not ignore their cause.
“The status quo in RBI mid quarter Monetary Policy Review for June has not enthused exporters who are plagued by high cost of credit,” said FIEO President Rafeeque Ahmed.
Exporters say that growth should be given precedence over inflation as growth alone can keep the economy on track, especially when recovery in global economy was weak.
The sharp depreciation in the value of the rupee against the dollar in the past months has not helped exporters much as global demand is low and other currencies are also depreciating, Ahmed said.
While the economies of the US and Japan have shown some improvement, the Euro Zone continues to be a cause of concern.
“Demand is also low from other important trade partners like China, Brazil, Russia and South Africa,” Ahmed said stressing on the need for policy measures.
AEPC Chairman A. Sakthivel said that despite overall global slowdown, garment exports have increased due to better compliance practices adopted by factories that have resulted in big international chain stores sourcing from India.
The Government needs to continue pushing exports as the country’s rising trade deficit, which in turn widens the current account deficit, is a cause for worry.
While the Government is struggling to contain gold imports which increased 89.7 per cent in May to $8.3 billion, import of crude oil increased three per cent during the month to $15 billion.
Source: Hindu Business Line

New York manufacturers say business conditions returned to expansion this month but the subindexes covering current acitvity are

European leaders seeking a path to economic growth while curbing their debt will focus on the benefits of a trade agreement with the U.S.

Europe's largest economy is set to rebound sharply in the second quarter, before slowing down again in the summer

The agency said the scale of credit was so extreme that the country would find it very hard to grow its way out of the excesses as

Rising bond yields are typically indicators of stronger economic growth and higher profits for banks. That might not be the case this

German Finance Minister Wolfgang Schaeuble said he’ll pay his first official visit to Athens to discuss ways to help Greek businesses,

UK Prime Minister David Cameron has announced plans for what could be "the biggest bilateral trade deal in history" between the EU and the US. He announced the

The outlook for the euro-zone economy continues to show signs of mild improvement as data Monday reports wage growth picked up in

Europe is mired in debt and recession. Financial markets have hit violent ups and downs on fears that U.S. stimulus efforts may soon be

After three weeks of sharp price swings and a steep slide in the dollar against the yen, Tokyo traders are

Expressing concerns over price situation, the RBI today said that expensive food items like cereals and

Is the era of ultra-low interest rates nearing an end? That's the question and the fear Chairman Ben Bernanke

Agricultural Development Bank of China Co. scaled back the size of two bond offerings tomorrow by 31

India's central bank decided to keep its key interest rates steady as a weak currency and the huge current

Sentiment among British households regarding their personal finances turned the least downbeat in more than

Employment in the German manufacturing sector increased modestly in April, preliminary data released by the