ECB cuts growth, inflation forecasts for 2015-2017

Last Updated: Thursday, September 3, 2015, 21:06

The European Central Bank on Thursday cut its forecasts for both economic growth and inflation in the single currency area over the next few years.

Nifty surges 106 points on value-buying, upbeat global cues

Last Updated: Thursday, September 3, 2015, 20:25

Snapping a three-day losing streak, Indian markets Thursday staged a pullback rally on the back of frantic buying as the benchmark Nifty index soared by 106 points to close above the 7,800-level amid upbeat global cues.

ECB seen cutting inflation outlook, hinting at more policy action

Last Updated: Thursday, September 3, 2015, 17:38

The European Central Bank is set to cut its inflation forecasts on Thursday but hold back from concrete policy action, promising only to beef up its bond-buying programme if growth and inflation prospects weaken further.

ECB holds rate steady as focus on inflation, China

Last Updated: Thursday, September 3, 2015, 17:35

The European Central Bank held its key interest rates steady on Thursday, a spokesman said, amid investor concern over the economic fallout from the slowdown in China.

Banking services hit by day-long strike

Last Updated: Wednesday, September 2, 2015, 20:02

Banking services across the country were hit Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.

China, eurozone weaken despite world awash with cash

Last Updated: Tuesday, September 1, 2015, 18:55

China`s giant manufacturing industry contracted while British and eurozone growth eased in August, rattling markets and reinforcing expectations interest rates may fall again or stay near zero for longer.

We're prepared for US rate hike, so don't delay: World to Fed

Last Updated: Monday, August 31, 2015, 08:47

Central bankers from around the world are telling their American counterparts that they are ready for a US interest rate hike and would prefer that the Federal Reserve make the move without further ado.

Political economy a reality for central bankers: RBI's Rajan

Last Updated: Sunday, August 30, 2015, 15:19

At this year's symposium, which ended last night, Rajan said when it comes to the modern central banks' focus on targeting inflation, it is the "history and political economy" that determines which side of the inflation band needs to be emphasised.

Political economy a reality for central bankers: Raghuram Rajan

Last Updated: Sunday, August 30, 2015, 15:19

At this year's symposium, which ended last night, Rajan said when it comes to the modern central banks' focus on targeting inflation, it is the "history and political economy" that determines which side of the inflation band needs to be emphasised.

The Fed won`t wait for 2% inflation to raise rates: Fischer

Last Updated: Saturday, August 29, 2015, 22:26

Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.

Chinese shares crash for the 2nd day, central bank cuts rates

Last Updated: Tuesday, August 25, 2015, 17:28

The benchmark Shanghai Composite Index fell 7.63 per cent to 2,964.97 points, following the 8.49-per cent loss in its worst daily slump since February 2007.

CBEC must aim at 22% growth in service tax collection: Das

Last Updated: Monday, August 24, 2015, 23:15

Concerned over low service tax realisation, Revenue Secretary Shaktikanta Das Monday asked the CBEC (Customs, Central Excise and Service Tax) to analyse revenue mop-up sectorally and ensure that it grows by 20-22 percent in the fiscal.