Despite the pain caused by Prime Minister Narendra Modi's shock cash crackdown, India's economy defied expectations on Tuesday to retain the title of the world's fastest-growing major economy.   From 7.4 percent the previous quarter, Gross domestic product (GDP) growth slowed to an annual...

Though the outlook for many of the region's export-reliant economies remained uncertain in the wake of U.S. President Donald Trump's protectionist stance, Asian factories extended a global manufacturing revival as activity picked up steam in February.   In a welcome sign for many of the...

With the aim of keeping the bailout funds flowing into Greece and to ensure that the crisis-hit nation is kept afloat financially, Greece and its lenders resumed talks, that had been stalled for a long time, in Athens on Tuesday related to the reforms that the debt ridden country needs to adopt to...

After European Union regulators imposed new duties on steel imports from Chiba, the world's biggest producer, the country expressed concerns on Tuesday over what it said was increasing protectionism.   While avoiding tensions with Beijing, which it sees as a possible ally against...

China's economy in 2017 will be facing risks associated with uncertainty in the world and an excess of production capacity in the country, reported Bureau of Statistics of China on Tuesday. GDP of the world's second-largest economy grew 6.7 percent in 2016, and slowed down compared to 2015. It...

January data confirm the commitment of OPEC member’s cut on oil output. The production slash of oil led by OPEC has received good support from the “participating countries” even though the non-members of OPEC faced some “teething troubles”, stated Mohammed Barkindo, the Secretary General of the...

The president of G20 seeks to safeguard “multilateral cooperation”. One of the spokesperson from the German government today said that it is a must that the government from the leading economies of the G20 nations ramp up their efforts towards strengthening the regulations of the financial market....

People in the U.S. mostly waited to sign up for Obamacare coverage until they were sick and this is the complain that Anthem Inc. and other U.S. health insurers have been complaining to the White House for more than a year.   By tightening up on the enrolment rules, the Obama administration...

Pound sterling fell against all the major currencies on reports that team of British Prime Minister Theresa May is preparing for a referendum on Scottish independence, Bloomberg reported. The pound fell by 0.6% after Times, citing unnamed sources in the government, said that May can agree on a new...