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Sensex advances for 2nd straight day on stimulus hopes

Sensex advances for 2nd straight day on stimulus hopes

Helped by prospects of more stimulus in Europe and Japan and a recovery in oil prices following a severe storm in the US, the benchmark Sensex rose for the second straight day and closed over 50 points up at 24,485.95.

RBI feels growth trends require more aggressive stimulus: Moody's

Describing the Reserve Bank of India`s 50 basis points cut in its short term lending rate as more than what markets expected, international credit ratings agency Moody`s on Tuesday said the move indicates the RBI wanted to give an "aggressive stimulus" to subdued growth trends.

ECB's Draghi says too early to decide on further stimulus

Risks to Europe`s inflation and growth outlook have increased due to the emerging market slowdown but the European Central Bank needs more time before deciding on further stimulus, ECB President Mario Draghi said on Wednesday.

South Korea injects $20 bn stimulus into MERS-hit economy

The South Korean government on Friday agreed to inject $20 billion into the flagging economy, which has been hit by the MERS virus outbreak and sluggish consumption.

ECB stimulus to stay `as long as needed`: Draghi

European Central Bank President Mario Draghi said Thursday that the bank`s massive stimulus for the eurozone will remain in force "as long as needed" to stabilize prices.

European stocks rise as stimulus set to flow

European equities rebounded Wednesday as weak Chinese economic growth data stoked Beijing stimulus hopes while the ECB pledged to fully implement its stimulus measures.

BOJ's Nakaso warns market against betting on more easing

Bank of Japan Deputy Governor Hiroshi Nakaso has tempered market expectations that the bank will expand its stimulus programme later this month, saying a cut in its inflation forecast would not be enough to justify more monetary easing.

US stocks surge on pharma deals, China stimulus talk

Wall Street stocks surged Monday on a string of pharmaceutical deals and speculation of more monetary stimulus in China.

At the closing bell, the Dow Jones Industrial Average was at 17,973.78, up 261.12 points (1.47 percent). 

Euro sinks close to 12-year low versus dollar

The euro tumbled Tuesday towards a 12-year dollar low, hit by eurozone stimulus, growing US rate hike speculation and Greek debt concerns, dealers said.

China services sector at six-month low, more stimulus expected

China`s services sector grew at the slowest pace in six months in January as growth in new business weakened, a private survey showed, raising expectations that policymakers may unveil more stimulus steps to avert a sharper slowdown in the world`s second-largest economy.

Euro falls to $1.20 as Draghi points to more stimulus

The euro sank to $1.20 Friday, its lowest level against the greenback since May 2010, as European Central Bank chief Mario Draghi reiterated the possibility of more stimulus coming.

US Fed to enter new `normal` with expected QE stimulus end

The US Federal Reserve is likely to make a final push into the post-crisis era this week with a decision to finally wind up its six-year-old economic stimulus operations.

How brain helps serve the perfect Tennis ace

How brain helps serve the perfect Tennis ace

A new research has shed light on how brain can differentiate between the errors of different magnitudes, like while, fine-tuning a tennis serve; the brain has to distinguish whether it needs to make a slight rectification if the ball barely misses the target or a much bigger correction if it is way off.

IMF cuts China's growth forecast but urges focus on reforms

IMF said Beijing must keep its word on implementing reforms that will correct imbalances, including a "moderately undervalued" yuan.

Eurozone first quarter growth `major disappointment,` economy struggling

First-quarter growth in the eurozone was a major disappointment, falling well short of forecasts and stoking fresh concerns a modest recovery is struggling to make ground, official data showed on Thursday.

‘Obama condoms’ promise ‘ultimate stimulus package for hard times’!

A New York street vendor who sells Obama condoms with the sales pitch ‘It’s the ultimate stimulus package for hard times’ has been arrested for a third time.

Economy still needs stimulus: Pranab

Finance Minister Pranab Mukherjee
today said the ongoing economic recovery is still not
broad-based and depends on stimulus measures, even as the
Budget has partially rolled back these steps.

Govt should not withdraw stimulus: Adi Godrej

Adi Godrej, chairman Godrej Group, in an interview said that he didn’t want the Indian government to withdraw stimulus announced in view of the last year’s global recession till a global recovery was clearly in sight.

Withdrawal of stimulus challenge for policy planners: RBI chief

The Reserve Bank today said the timing of withdrawing the monetary and fiscal stimuli given to spur the economy poses a challenge to the government as well as the apex bank.

Continue stimulus till firm economic recovery: Economists

Economists Friday asked Finance Minister Pranab Mukherjee to continue with the fiscal stimulus until firm economic recovery amid intense speculations about a possible withdrawal of measures taken to spur the economy.