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Economic policy, however, is no surer, no more confident, certainly no more confident than the US Fed for example.

The health care sector bounced back from a plunge a day earlier.

The Australian and New Zealand dollars fell by 0.6% and 0.3% respectively against their United States counterpart, and even more against the Japanese yen and euro.

Nothing can move Rajan to reduce rates except the economic fundamentals.

Hitting risk sentiment, Glencore shares fell to a record low at the start of the week on concerns over the company’s ability to withstand a prolonged decline in prices of metals.

Take for instance, The State Bank of India (SBI) country’s largest lender slashed its lending rate by 0.40 per cent. The new rate will stand at 9.30 per cent from 5 October onward.

India, host of this summit, deserves credit for breathing a new lease of life in G-4 which had been moribund all these years. For India, it will take another decade to become a strong economy.

Wall Street started the week with another round of selling, placing the market squarely in “correction” mode. This is just the latest data point out of the world’s second- biggest economy that suggests economic softening.

The Chinese president is leaving New York for Beijing on Monday afternoon after a three-day stay in the metropolis for a series of activities at the United Nations headquarters and a four-day state visit to the, his first since assuming office in 2013.

Commodity-related shares were also among the worst casualties on worries that a cooling economy would damp demand for metals such as copper, steel and iron.

Banking stocks continue to reel in the wake of the Fed decision as hopes that higher rates would translate to fatter profits on loans have been dashed.

Biotech stocks had their worst week since 2008 last week, as stocks like Gilead Sciences (GILD), Amgen (AMGN), Biogen (BIIB) and Regeneron (REGN) got hammered following Hillary Clinton’s drug-pricing tweet.

“Since Qualcomm’s first India investment in 2007 and with full-fledged presence starting in early 2008, we continue to invest broadly to strengthen India’s overall economy“, said Nagraj Kashyap, senior vice president of Qualcomm Inc. We all know that the...

Investors sold even some of the year’s most resilient stocks.

India’s central bank slashed its key repo rate by 50 basis points to 6.75% at its September policy meeting, describing the decision as a “front-loaded policy action” that was twice the size expected by the markets. If inflation is low, it will position the OCR...