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IMF cuts global growth outlook; India avoids ratings downgrade

Last Updated: Friday, July 25, 2014, 10:27

Out of the BRICS countries - Brazil, Russia, India, China and South Africa - only India avoided an IMF ratings downgrade.

'India still faces risk on growth, external front'

Last Updated: Friday, July 25, 2014, 00:07

Stating that even though the formation of a stable government at the Centre has mitigated political risk, a top Reserve Bank official on Thursday said India continues to face threats on the growth and external sector fronts.

US jobless claims fall to eight-year low

Last Updated: Thursday, July 24, 2014, 19:15

New claims for US unemployment insurance benefits tumbled to an eight-year low last week, pointing to a firming labor market, according to official data released Thursday.

Eurozone economy rebounds, but France lags: Survey

Last Updated: Thursday, July 24, 2014, 18:23

The eurozone economy showed signs of a rebound in July after several months of sluggish activity, but France stood out as a laggard, a closely watched survey showed on Thursday.

China manufacturing index jumps to 18-month high: HSBC

Last Updated: Thursday, July 24, 2014, 11:34

The HSBC preliminary purchasing managers index (PMI), which tracks activity in China`s factories and workshops, leapt to 52.0 this month, its highest since January 2013.

US top business place for investors: Obama

Last Updated: Thursday, July 24, 2014, 10:54

Noting that his country has bounced back from its worst ever recession, US president Barack Obama has said America is now the top place for investors to do business.

China July factory activity at 18-month high of 52.0

Last Updated: Thursday, July 24, 2014, 09:11

The HSBC/Markit Flash China Manufacturing Purchasing Managers` Index rose to 52.0 in July from June`s final reading of 50.7, beating a forecast of 51.0 in a Reuters poll.

Worst economic slowdown has ended in China: US

Last Updated: Wednesday, July 23, 2014, 18:36

China has lived through worst economic slowdown due to its determination to deepen reforms in the world's second largest economy, prominent US economist Stephen Roach said Wednesday.

South Africa June inflation steady at 6.6%: Official data

Last Updated: Wednesday, July 23, 2014, 16:34

South African inflation was steady at 6.6 percent in June, as the economy continued its weak streak, data from the national statistics agency showed on Wednesday.

India likely to grow at 6% in 2014-15: Harvard Prof

Last Updated: Wednesday, July 23, 2014, 12:28

As per the Economic Survey, India's GDP growth rate will improve to 5.4-5.9 percent in the current fiscal after remaining at sub-5 percent level for past two years.

Euro at multi-year lows against dollar, yen

Last Updated: Wednesday, July 23, 2014, 12:17

The euro is facing selling pressure as investors worry that another round of sanctions on Russia will have a knock-on effect for the eurozone.

Incipient recovery on anvil for India: SBI

Last Updated: Tuesday, July 22, 2014, 15:40

India's exports are expected to rise 12-13 percent in the second quarter of the current financial year.