Trade – Economics
Saudi signals at raising oil output ahead of freeze talks
MOSCOW/DUBAI (TIP): Saudi Arabia is sending signals that it could boost its crude oil supplies in August to a new record level, overtaking Russia, the world’s top oil producer, as it gets ready for tough […]
LLOYDS CUTS 3,000 JOBS AS BREXIT FEARS TAKE SHAPE
LONDON (TIP): Britain’s Lloyds Banking Group said it plans to eliminate 3,000 jobs and close 200 branches — the first big cuts announced since Britain voted to leave the European Union. Lloyds is expanding its […]
A Battle Royal over Dal Arhar in India’s Parliament
NEW DELHI(TIP): The issue of rising prices came to a boil in Parliament on Thursday, July 28, with Congress vice-president Rahul Gandhi faulting Prime Minister Narendra Modi for the runaway cost of kitchen staples, a […]
Too early to sound all clear on Brexit: Fed official
Washington (TIP): Britain’s vote to exit the European Union has raised a cloud of uncertainty that could prove a headwind against the US economy, a senior Federal Reserve official said Thursday. Dennis Lockhart, president of […]
US adds huge 287,000 jobs in June, giving markets boost
WASHINGTON (TIP): US employers added new workers at a surprisingly strong rate in June after an unnerving stall in May, delivering a fresh sign of US economic strength, the Labor Department reported Friday. The much […]
Uber, Tata ink pact to create 20,000 micro entrepreneurs
MUMBAI: Uber Technologies Inc and the Tata Group on Thursday announced a partnership where the latter will provide a comprehensive vehicle and ownership solution to Uber’s drivers. Under the arrangement, Uber’s drivers can buy Indica […]
IMF says Brexit could further weaken eurozone ties
WASHINGTON (TIP): The International Monetary Fund warned Thursday that a British vote next week to break with the European Union could stifle economic growth and weaken the ties that bind the eurozone. In a new […]
TWO YEARS OF MODI GOVERNMENT
On May 26, two years back, President Pranab Mukherjee administered the oath of office to Prime Minister Narendra Modi and his Cabinet. The lavish ceremony was attended by Premiers of SAARC nations, several Chief Ministers, Opposition […]
India, Iran seal Chabahar Port deal, talk terror
TEHRAN (TIP): Under the ornate chandeliers inside Saadabad palace’s atrium, Iranian President Hassan Rouhani by his side, Prime Minister Narendra Modi on May 23 quoted a Persian couplet by Mirza Ghalib to describe India‘s ties […]
India, Iran and Afghanistan sign trade corridor deal
India, Iran and Afghanistan have signed a tripartite agreement to turn the Iranian port of Chabahar into a transit hub bypassing Pakistan, which has been the only route for war-stricken Afghanistan to the Indian Ocean. […]
India, US commit to further ‘deepen our understanding of each other’s economies’
WASHINGTON (TIP): India‘s Finance Minister Arun Jaitley and U.S Treasury Secretary Jacob J. Lew met April 14 2016, for the Sixth Annual U.S.-India Economic and Financial Partnership (EFP). Others present included Federal Reserve Chair Janet […]
JAITLEY SEES FY16 GDP GROWTH AT 7.6%
CANBERRA (TIP): Pegging India‘s GDP growth rate at 7.6 per cent for the fiscal 2015-16, finance minister Arun Jaitley today said it is “much less” than its potential and expressed hope for better numbers next […]