Economy and Policy

  • For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the tools currently at her disposal. Speaking in Jackson Hole, Wyoming, on Friday after a Fed …

  • Traders work on the floor of the New York Stock Exchange (NYSE) in New York City,

    U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials. The S&P 500 rose after Fed Chair Janet Yellen said the case for raising rates had …

  • U.S. equities gave up early gains on Friday, hurt by a surging U.S. dollar after Federal Reserve Chair Janet Yellen said that the case for raising U.S. interest rates has strengthened in recent months. European stocks advanced, however, while oil and Treasury prices came off highs as investors across asset classes parsed …

  • U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New York

    Federal Reserve Chair Janet Yellen's speech earlier on Friday was consistent with expectations for possible interest rate hikes this year, Fed Vice Chair Stanley Fischer said, reinforcing the message that the U.S. economy has strengthened. Fischer was asked on CNBC whether people should "be on the edge of our seat" for …

  • Federal Reserve Chair Janet Yellen attends a news conference after chairing the second day of a two-day meeting of the Federal Open Market Committee to set interest rates in Washington

    The case for a U.S. interest rate hike has strengthened in recent months because of improvements in the labor market and expectations for solid economic growth, Federal Reserve Chair Janet Yellen said on Friday. Yellen did not indicate when the U.S. central bank might raise rates, but her comments reinforced the view that …

  • Federal Reserve Chair Janet Yellen attends a news conference after chairing the second day of a two-day meeting of the Federal Open Market Committee to set interest rates in Washington

    To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero.     In keynote remarks to an …

  • A logo is seen at the industrial site of the naval defence company and shipbuilder DCNS in La Montagne near Nantes

    The Paris public prosecutor opened a preliminary investigation after French naval contractor DCNS filed a complaint for breach of trust over a leak of documents concerning six Scorpene submarines it is building for India, a judicial source said. DCNS was left reeling after details from more than 22,000 pages of documents …

  • Monsanto logo is displayed on a screen where the stock is traded on the floor of the NYSE

    Major international seed companies in India formed an alliance on Friday, seeking the support of their peers after a flurry of regulatory steps in recent months by Prime Minister Narendra Modi's government. Executives from companies including the local businesses of Monsanto, Bayer, Dow, Dupont Pioneer and Syngenta announced …

  • U.S. jobs data top economic readouts from around the world next week as global markets begin to return to business as usual following a typically quiet August with the calm broken on Friday by comments from Federal Reserve Chair Janet Yellen. Speaking at a three-day international gathering of central bankers in Jackson …

  • Reserve Bank of India (RBI) Deputy Governor Urjit Patel attends a news conference after the bi-monthly monetary policy review in Mumbai

    MUMBAI/NEW DELHI (Reuters) - Reserve Bank of India(RBI) governor Raghuram Rajan welcomed on Friday the appointment of Urjit Patel as his successor, calling him a close ally and saying it would ensure continuity in meeting the country's inflation objectives. Patel, currently a deputy governor at the RBI, was named by the …

  • An employee writes on a register inside the Tata Motors car showroom in Ahmedabad

    MUMBAI/NEW DELHI (Reuters) - Foreign exchange losses after Britain's decision to leave the European Union and higher expenses offset strong sales growth at India's Tata Motors, more than halving its net profit in the April-June quarter. Tata Motors' profit was hit by forex losses of 22.96 billion rupees ($342.43 million) …

  • Dennis Lockhart of the Atlanta Fed takes part in a panel convened to speak about the health of the U.S. economy in New York

    REUTERS - The Federal Reserve could hike U.S. interest rates at least once and possibly twice before year-end, even in a gradual and cautious approach to policy, Atlanta Fed President Dennis Lockhart said ...

  • Fed's Mester: Makes sense for U.S. to start raising … Reuters - Fri 26 Aug, 2016 6:23 PM IST
    Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York

    REUTERS - The U.S. Federal Reserve should hike rates again so as not to fall behind in a strengthening economy, Cleveland Fed President Loretta Mester said on Friday. "I see a gradual upward pace ...

  • Mumbai, Aug 26 (IANS) Overseas borrowings by Indian companies in July this year fell by 44 per cent to $1.2 billion as against $2.14 billion in the same month last year, Reserve Bank of India (RBI) data ...

  • Questions over the exact provenance of bedsheets sold by Welspun India to America's middle classes have not only wiped $740 million off the firm's market value, but also revived one of Indian manufacturing's enduring headaches: quality. India's government, desperate to accelerate growth and create more jobs, has backed …

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