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India’s largest lender, SBI, cut its base rate by 40 basis points (bps) to 9.3 per cent from 9.7 per cent, effective from October 5.

The Stoxx Europe 600 was up 2.5% midway through the European session, led by gains in energy stocks that were buoyed by steadying oil prices. DuPont’s shares soared on news that its embattled CEO would step down, while biotechnology companies sank again. Investors are...

All three major US indexes have gained since Friday when a weak U.S.jobs report led to expectations that the Federal Reserve would not raise interest rates this year, meaning the era of near-zero interest rates would continue. Stocks had trimmed a few of their gains earlier in...

On the eve of his meeting with U.S. President Barack Obama and leaders of France and Britain, Prime Minister Narendra Modi asked the global community to unitedly combat increasing challenges posed by terrorists across the globe.

USA stocks climbed Friday morning after three days of losses.

Data released Friday showed U.S. non-farm payrolls rose by 142,000 in September, considerably lower than the 203,000 jobs the markets had expected.

The debt ceiling. On Thursday, Treasury Secretary Jacob Lew warned that the US would exhaust its ability to borrow on November 5 unless Congress increases the debt ceiling. Emerging economies such as Brazil and Turkey are struggling to grow at all.

The USA has experienced soft patches in job growth before in this expansion, and officials have been expecting job growth to slow from its quick pace earlier this year and last.

The rate of United Kingdom economic growth slowed to a two-and-a-half year low in September, according to PMI survey data, suggesting that the economy sank further into a soft patch at the end of the third quarter.

In its third rate cut this fiscal (20 bps in April and 10 bps in June), Axis Bank cut its base rate to 9.50 per cent from 9.85 per cent. “The new rate will be with effect from October 5, 2015″.

Readings above 50 signal an improvement in business conditions from the previous month, while readings below 50 show a worsening.

Initial jobless claims, a proxy for layoffs across the US, increased by 10,000 to a seasonally adjusted 277,000 in the week ended September 26, the Labor Department said Thursday.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

“Labor has reported a healthy average of 212,000 job gains a month this year, but advances in August slowed moderately to 173,000 – a drop that many economists attributed to a tendency for initial payroll estimates in August to be undercounted because of seasonal...

The jobless rate held steady at 5.1 percent but average hourly wages fell by a cent from August.