Category Archives: World

India on course to meet inflation targets: CB – Bank loan to troubled Kingfisher airline being probed

Indian finance minister Arun Jaitely (second left) along with Reserve Bank of India (RBI) Governor Raghuram Rajan (

Indian finance minister Arun Jaitely (second left) along with Reserve Bank of India (RBI) Governor Raghuram Rajan (

NEW DELHI: India’s central bank governor said yesterday the country was on course to meet the bank’s targets on reduced inflation, adding …

Russia strikes back, bans food from West – Sanctions to cost farmers in US, Europe, Australia

franceMOSCOW: Russia banned most food imports from the West yesterday in retaliation for sanctions over Ukraine, an unexpectedly sweeping move that will cost farmers in North America, Europe and Australia billions of dollars but will also likely lead to empty …

India okays FDI hike in railways, defense – Govt moves to revive, reform economy

indiaNEW DELHI: India’s cabinet has approved plans to open its defense and railways industries to foreign investment as new Prime Minister Narendra Modi’s right-wing administration moves to reform and revive the ailing economy. Cabinet agreed late Wednesday to increase the …

Italy slides back into recession – Economy shrinks by 0.2%; falls behind EU neighbors

italyMILAN: The Italian economy shrank by 0.2 percent in the second quarter, dragging the euro-zone’s third-biggest economy back into recession and further behind EU neighbors, data from the national statistics agency showed yesterday. The contraction, which follows on the heels …