Economy and Policy

  • Derivatives expiry to infuse volatility in equity  … IANS India Private Limited - 43 minutes ago

    Mumbai, March 26 (IANS) Indian equity markets are expected to witness volatility on the back of derivatives expiry during the upcoming trading week starting March 27.

  • BRASILIA/BEIJING (Reuters) - China lifted a ban on imports of meat from Brazil on Saturday after Brazilian authorities clarified details of a police investigation into alleged bribery of health inspectors, in a victory for President Michel Temer's efforts to stem damage from the probe. The move by China, the biggest national …

  • South African Finance Minister Pravin Gordhan embarks on a week-long non-deal investor roadshow in Britain and the United States on Monday as weak economic growth and ruling party tensions put the country's investment grade at risk. Africa's most industrialised economy escaped being downgraded to junk status last year. …

  • New Delhi, March 25 (IANS) The Central Board of Excise and Customs (CBEC) will be reorganised for the implementation of the Goods and Services Tax (GST) system and renamed the Central Board of Indirect Taxes and Customs (CBIC) following parliamentary approval. "Reorganisation of the field formations of CBEC for the GST …

  • CBEC to be renamed, reorganised for GST regime IANS India Private Limited - 18 hours ago

    New Delhi, March 25 (IANS) The Central Board of Excise and Customs (CBEC) will be reorganised for the implementation of the Goods and Services Tax (GST) system and renamed the Central Board of Indirect Taxes and Customs (CBIC) following parliamentary approval. "Reorganisation of the field formations of CBEC for the GST …

  • Mumbai, March 25 (IANS) After two consecutive weeks of gains, the key Indian equity indices trimmed some gains following global cues and closed the week's trade on a lower note. Yet, continuous inflows ...

  • Equities trim gains on global cues, profit booking IANS India Private Limited - 20 hours ago

    Mumbai, March 25 (IANS) After two consecutive weeks of gains, the key Indian equity indices trimmed some gains following global cues and closed the week's trade on a lower note.

  • Ditching the euro to return to the franc would harm the purchasing power of the French and increase government borrowing costs, European Central Bank policymaker Francois Villeroy de Galhau said in an interview on Saturday. In a veiled warning against far-right party leader Marine Le Pen's euro-exit plans, Villeroy said …

  • Exclusive: Venezuela increased fuel exports to allies … Reuters - Sat 25 Mar, 2017 11:02 AM IST

    HOUSTON/CARACAS (Reuters) - A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in fuel exports to foreign allies such as Cuba and Nicaragua and an exodus of crucial personnel from state-run energy company PDVSA, according to internal PDVSA documents and sources familiar with its operations. Leftist-run …

  • Bull market not dead as tax reform takes spotlight Reuters - Sat 25 Mar, 2017 5:27 AM IST
    FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York City

    The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Trade alive investors should temper expectations for the breadth of expected tax cuts. Anxiety over prospects for the healthcare bill gave stocks their largest weekly drop since …

  • Indian Railways is considering ending state-owned Steel Authority of India Ltd's (SAIL) virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to $700 million to the private sector, people close to the matter told Reuters. Train accidents due to track defects have risen 25 percent …

  • Trump greenlights Keystone XL pipeline, but obstacles … Reuters - Sat 25 Mar, 2017 3:55 AM IST
    Trump makes Keystone XL pipeline announcemet in Washington

    WASHINGTON/CALGARY, Alberta (Reuters) - U.S. President Donald Trump's administration approved TransCanada Corp's (TRP.TO) Keystone XL pipeline on Friday, cheering the oil industry and angering environmentalists even as further hurdles for the controversial project loom. The approval reverses a decision by former President …

  • U.S. shares, dollar pare losses after healthcare bill … Reuters - Sat 25 Mar, 2017 2:34 AM IST
    The Wall Street bull is seen in the financial district in New York

    U.S. shares pared losses to end slightly lower on Friday after Republicans pulled their bill to overhaul the U.S. healthcare system due to a shortage of votes, dealing a blow to U.S. President Donald Trump, while European shares fell ahead of the decision. The benchmark U.S. S&P 500 stock index ended a touch lower after …

  • Wall Street dips in dramatic session as health bill … Reuters - Sat 25 Mar, 2017 2:19 AM IST
    Trader Peter Tuchman works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S.

    A dramatic session on Wall Street ended with stocks slightly lower on Friday as they pared losses in late-afternoon trading after Republicans pulled their bill to overhaul the U.S. healthcare system. The ...

  • U.S. business spending picking up, but may slow in … Reuters - Sat 25 Mar, 2017 1:52 AM IST
    People cross Broadway with shopping bags in Manhattan, New York City

    New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. "The evidence is building that manufacturing activity is on something of an upswing and …

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