Economy

China Nov producer prices rise at fastest pace in 5 years as commodities climb

BEIJING : China’s producer prices rose the fastest in more than five years in November as prices of coal, steel

India promotes digital transactions to encourage cashless economy

NEW DELHI : Finance Minister Arun Jaitley on Thursday announced incentives ranging from 0.75 percent to 10 percent on retail

The European Central Bank Will Start to ‘Taper’ Its Bond Purchases in April

The European Central Bank said it will start “tapering” its monetary stimulus to the Eurozone already in April 2017, cutting

ECB to scale back asset buys as it extends to end-2017

FRANKFURT : The European Central Bank caught financial markets off-guard on Thursday by announcing it would trim asset buys from

China Nov exports, imports rise unexpectedly, commodity purchases soar

BEIJING : China’s November exports rose unexpectedly by 0.1 percent from a year earlier, while imports expanded 6.7 percent on

India : RBI unexpectedly keeps rates unchanged even as cash crunch roils economy

MUMBAI : The Reserve Bank of India (RBI) unexpectedly kept its key policy rate unchanged at 6.25 percent on Wednesday,

Donald Trump Is Inheriting the Best Economy in a Generation

Donald Trump had a rocky campaign. And the transition has been bumpy as well. But he looks to be rolling

Egypt sharply increases customs duties as it seeks to curb imports

CAIRO : Egypt has sharply raised customs duties on more than 300 goods to encourage domestic production and curb a

India fails to break deadlock on GST

NEW DELHI : Finance Minister Arun Jaitley’s plan to launch a new national sales tax next April got a jolt

Modi defends clampdown on cash economy

NEW DELHI : Prime Minister Narendra Modi on Saturday defended his crackdown on the cash economy that has left businesses,