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Russian central bank sees growth slowing to just 0.4%

Last Updated: Monday, June 16, 2014, 19:51

Russia`s central bank said Monday it saw the country`s growth rate slowing to just 0.4 percent this year, while warning it would raise rates further if needed to combat inflation.

Idea Cellular shares gain on FII limit hike

Last Updated: Monday, June 16, 2014, 09:59

Idea Cellular shares up 1.6 percent to Rs 137.40 at 9:47 a.m.

US Fed in focus as investors seek reassurance

Last Updated: Sunday, June 15, 2014, 15:44

The Fed is expected to keep steadily reducing its massive bond-buying stimulus by $10 billion per month. 

Stocks slip from peaks, euro dips

Last Updated: Wednesday, June 11, 2014, 14:44

"Markets have risen a lot lately, so there`s very little room for disappointment," said Alexandre Baradez, chief market analyst at IG France.

Euro under pressure in Asia, stocks sit on gains

Last Updated: Wednesday, June 11, 2014, 07:52

The euro came under mounting pressure on Wednesday as the European Central Bank`s liquidity package encouraged flows out of the zone, while Asian shares consolidated near recent highs following a flat finish on Wall Street.

S Africa warns strike-hit platinum mines could close

Last Updated: Tuesday, June 10, 2014, 22:21

The South African government and its central bank chief today warned that strike-hit platinum mines could close, throwing miners out of work and rocking an already shaky economy.

China's inflation at four-month high of 2.5% in May

Last Updated: Tuesday, June 10, 2014, 09:53

Food prices rose 4.1 percent in May from a year earlier, quickening from April`s 2.3 percent rise, the data showed.

Asian stocks hit 3-year high on promising economic signs, Wall St

Last Updated: Tuesday, June 10, 2014, 09:51

Asian stocks nudged three-year highs on Tuesday on rising optimism over global growth prospects and a record-run on Wall Street, helping lift Treasury yields and the dollar.

China to reduce rural banks' reserve requirements

Last Updated: Tuesday, June 10, 2014, 00:21

China's central bank today announced details of a plan that reduces the amount of money rural banks must keep in reserve, a move aimed at stimulating the economy amid slowing growth.

Nigeria`s ex-central bank governor takes throne as Muslim monarch

Last Updated: Monday, June 09, 2014, 09:56

Nigeria`s ousted central bank governor, Lamido Sanusi, was named Emir of Kano on Sunday, making an outspoken government critic one of the most influential leaders in the largely Muslim north.

Draghi: daring central banker with the magic touch

Last Updated: Sunday, June 08, 2014, 21:21

Mario Draghi took another great step this week in leading the eurozone, including the reluctant German Bundesbank, into the world of negative interest rates, showing for the second time that he is a central banker with the magic touch.

Investors look to China and US after ECB fights deflation risk

Last Updated: Sunday, June 08, 2014, 19:22

This week`s light calendar gives investors room to digest the European Central Bank`s radical moves to avert deflation and look beyond US data which, in more normal times, might imply higher interest rates.