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MUMBAI (Reuters) – Reserve Bank of India (RBI) Governor Urjit Patel on Thursday reiterated his warnings about the consequences of waiving farm loans for distressed farmers, saying it led to higher government spending and had an adverse impact on lenders.

A fleet of tankers is set to sail from Europe with millions of gallons of gasoline for the United States. The flotilla should ease any gas shortages resulting from Harvey, the monster storm that’s been battering the Gulf Coast and

The Trump administration has tapped an emergency stockpile of crude oil in response to the major refinery outages in the U.S. Gulf Coast caused by Hurricane Harvey.The Energy Department said it will send 500,000 barrels of oil from the Strategic

India’s government scrambled to defend its attempt to crack down on the shadow economy by banning high denomination banknotes, after data showed almost all of the abolished currency had made it back into the banking system. Prime Minister Narendra Modi

The most popular online exchange for trading digital currencies is generating a surge in customer complaints this year even as investors are lured by a dramatic rise in prices. The U.S. Consumer Financial Protection Bureau has received at least 293

India’s economy unexpectedly slowed further to a three-year low in the quarter through June, delivering a blow to Prime Minister Narendra Modi who is facing criticism for disrupting business activity through his shock cash squeeze last year. Gross domestic product

Wells Fargo has uncovered up to 1.4 million more fake accounts after digging deeper into the bank’s broken sales culture.The findings show that Wells Fargo’s problems are worse than the bank previously admitted to when the scandal began almost a

The roster of banks supporting UBS’s big blockchain initiative has swelled with the addition of Barclays, HSBC, State Street, Credit Suisse, MUFG and the Canadian Imperial Bank of Commerce. The banks join UBS, Deutsche Bank, Santander, BNY Mellon and the

India reported fiscal deficit of 5.05 trillion rupees ($ 79.01 billion) for April-July or 92.4 percent of the budgeted target for the current fiscal year that ends in March 2018. The deficit was 73.7 percent of the full-year target during

3:30 pm Market at Close: Benchmark indices ended the session on a positive note, with the Nifty closing above 9900-mark. The Sensex was up 84.03 points at 31730.49, while the Nifty was up 33.50 points at 9917.90. The market breadth