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IMF cuts US economic growth forecast to 1.7% in 2014

IMF cuts US economic growth forecast to 1.7% in 2014

Last Updated: Wednesday, July 23, 2014, 21:51

The International Monetary Fund on Wednesday lowered its US economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sharp contraction.

Kotak Bank sees rupee range bound at 58-61 against US dollar

Kotak Bank sees rupee range bound at 58-61 against US dollar

Last Updated: Wednesday, July 23, 2014, 18:45

Kotak Mahindra Bank on Wednesday said it expects the rupee to be stable in the 58-61 against the US dollar range in the short-term and that "the days of volatility in the currency are behind us."

Worst economic slowdown has ended in China: US

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.

Boeing posts strong Q2 profit, raises outlook

Boeing posts strong Q2 profit, raises outlook

Last Updated: Wednesday, July 23, 2014, 18:07

US aerospace and defense giant Boeing reported Wednesday strong second-quarter earnings lifted by higher commercial aircraft deliveries and raised its profit outlook for the full year.

Rupee hits 1-1/2 week high on continued foreign fund inflows

Rupee hits 1-1/2 week high on continued foreign fund inflows

Last Updated: Wednesday, July 23, 2014, 17:44

The rupee strengthened to its strongest level in a week and half on Wednesday as continued foreign fund inflows into the domestic share and debt markets aided while gains in other Asian units also helped.

US Supreme Court greenlights Arizona execution

Last Updated: Wednesday, July 23, 2014, 16:30

The US Supreme Court gave the greenlight to Arizona to execute a murderer on Wednesday after he voiced concerns about secrecy surrounding the lethal injection process.

Louis van Gaal critical of Manchester United`s US pre-season tour

Louis van Gaal critical of Manchester United`s US pre-season tour

Last Updated: Wednesday, July 23, 2014, 16:13

Schedule of Manchester United`s pre-season US tour has been criticized by Louis van Gaal, the new manager of the club.

US Air Force to launch new surveillance satellites

Last Updated: Wednesday, July 23, 2014, 15:11

The US Air Force will launch new satellites today to track those of other countries and counter possible threats to American spacecraft, officials said.

Euro at multi-year lows against dollar, yen

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.

US Airways to resume Tel Aviv flights Thursday

Last Updated: Wednesday, July 23, 2014, 12:03

US Airways plans to resume its direct flights from Philadelphia to Tel Aviv on Thursday after a temporary ban from federal authorities on flights to Israel amid an intensifying conflict with the Palestinians.

83 US lawmakers seek joint address to Congress by Narendra Modi

Last Updated: Wednesday, July 23, 2014, 11:20

Ahead of his September visit, as many as 83 US lawmakers have signed a letter asking House of Representatives Speaker John Boehner to invite Prime Minister Narendra Modi to address a joint session of the Congress.

US, European airlines halt flights to Israel due to instability

Last Updated: Wednesday, July 23, 2014, 10:57

Air carriers in the United States and Europe on Tuesday halted flights to Tel Aviv after warnings from governmental agencies in an effort to ensure passenger safety as turmoil in Israel and the region intensified.