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The BJP has also made changes to the country’s labour laws to make it easier for employers to lay off workers.

During the last week in August, the People’s Bank of China drew the attention of traders worldwide by cutting the benchmark lending rate 0.25 percentage point to 4.6%.

However the country to underline its peaceful position pledged to cut 300,000 troops from the 2.3 million strong People’s Liberation Army.

Besides, higher supplies from the major producing areas and weak trend at overseas market weighed on crude palm oil prices.

The relations between the US and China are not at their best today: the White House accuses Beijing of “economy manipulation”, none of the US presidential candidates backed the Republican bank decision to lower the yuan rate, and the Chinese hackers were accused of...

As the global goal to reduce the mortality rate for children under five by 60 percent appears unlikely by it’s December deadline, Indian Prime Minister Narendra Modi kicked off the 2015 Call to Action Summit with some good news. “We could train personnel for better...

The downdraft from China is rattling economies of its trade-reliant Asian neighbours and prompting many Western companies to reduce investments and look for ways to cut costs.

THE revised number for gross domestic product was initially reported at 2.3 per cent.

Specialists and businessmen alike have stated OPEC must restrict manufacturing to regulate the worth of oil to maintain costs from persevering with to drop whereas some authorities have continued to say the worth will bounce again.

The short-term macroeconomic priorities of RBI are, therefore, clear – to focus on reducing inflation in line with the proposed glide path; work with the government and banks to speed up resolution of dis-tressed projects and cleaning up bank balance sheets; ensure banks...

North American stock markets seesawed once again on Wednesday as investors couldn’t decide whether to be encouraged by China’s recent move to stimulate its economy or anxious that Beijing thinks it needs stimulus in the first place.

Dudley suggested, however, that the Fed’s decision will depend more on global economic troubles then market volatility.

Concerns over China’s slowing economy that sent global stock and commodity markets on a recent free fall are heightened by the opacity and conflicting signals from the country’s political leadership and its central bank.

Keith Berlin, director of global fixed income and credit at Fund Evaluation Group in Cincinnati, Ohio, said “markets have awakened to the realization that China’s growth story is not what it once was”.

The Dow was up 332 points, or 2 percent, to 16,203 as of 11 a.m., while the Standard & Poor’s 500 index gained 42 points, or 2.2 percent, to 1,936.