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HuaweiNICOSIA — European governments put off decisions on aid for Spain and a loosening of Greece’s loan terms, counting on the European Central Bank’s bond-buying pledges to provide interim relief from market turmoil.
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NEW DELHI — After months of dithering on the economy, India’s beleaguered government roared back to life in dramatic fashion on Friday, announcing big bang reforms as part of package of measures aimed at reviving growth and staving off a ratings downgrade.
NEW DELHI - Indian Prime Minister Manmohan Singh warned that a prolonged policy logjam could slow economic growth to 5 percent, a day after India unexpectedly unveiled long-delayed reforms aimed at reviving growth and preventing a credit-rating downgrade.
NEW DELHI - Indian Prime Minister Manmohan Singh warned on Saturday that a prolonged policy logjam could slow economic growth to 5 percent, a day after India unveiled long-delayed reforms aimed at reviving growth and preventing a credit rating downgrade.
NEW DELHI — Indian newspapers hailed Saturday a “rush of reforms” unveiled by the government which has thrown open the retail and aviation sectors as well as tackled fuel subsidies in highly contentious moves.
PARIS— Economic growth in the top G-20 countries slowed to 0.6 per cent in the second quarter of 2012 from 0.7 per cent in the first quarter, with slow and weak growth set to continue, the OECD said on Thursday.
WASHINGTON — The Federal Reserve launched another aggressive stimulus programme on Thursday, saying it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially.
Saudi Arabia’s economy expanded 5.5 per cent in the second quarter from a year earlier, the slowest pace since at least 2010, as oil prices declined.
DUBAI — Gulf Cooperation Council (GCC) bond sales are on track for a record year as the oil exporters exploit record-low borrowing costs to build infrastructure including airports and gas pipelines.
NEW YORK — US stocks opened higher Friday, on track to record one of their best weeks since June, after the Federal Reserve stepped in again to help the weak economic recovery.
