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Ukraine`s economy to shrink by a massive 7.5% in 2015: World Bank

The World Bank sharply cut its outlook for war-torn Ukraine Wednesday, forecasting its economy will shrink by a massive 7.5 percent this year due to the conflict with pro-Russian separatists.

Eurozone economic confidence flat in July: EU

The overall Economic Sentiment Indicator (ESI) for the 18-nation eurozone edged up 0.1 point to 102.2 points in July, the European Commission said.

Rupee at current level is well corrected: Rangarajan

The rupee has recovered to trade at 63 level after hitting its life-time low of 68.85 towards August-end.

PMEAC lowers growth projection for 2013-14 to 5.3%

The PMEAC had in April projected 6.4 percent growth for Indian economy for current financial year. The GDP grew by 5 percent in 2012-13.

OECD lowers India growth forecast to 5.3% for 2013

OECD on Wednesday cautioned that structural bottlenecks could further constrain investment and growth potential.