Economy

News Hour: Australia’s central bank left interest rates at a record low of 1.50 percent on Tuesday while striking an upbeat tone on the economy following a rebound in growth at the end of last year....

News Hour: Union Railway Minister Suresh Prabhu on Saturday said his Ministry has drawn up an action plan to save energy worth Rs 41,000 crore over the next ten years. “I have prepared an action plan...

News Hour: The International Monetary Fund said on Saturday it had reached a preliminary agreement with Ukraine that could see the war-scarred and cashed-starved nation receive fresh aid in the first half of the year. The...

News Hour: Commonwealth ministers responsible for trade, industry, and investment will meet in London from March 9-10 to kick-start an ambitious ‘Agenda for Growth’ across the Commonwealth’s 52 member countries. The meeting the first of its...

News Hour: China will raise defense spending by “around seven percent” this year as it guards against “outside meddling” in its disputed territorial claims in Asian waters, a top official said on Saturday. “We call for...

News Hour: Saudi Arabia said on Tuesday its $7 billion investment in a giant Malaysian refinery would bolster a bid by state-owned energy firm Aramco to go public next year. The deal between Aramco, the national...

News Hour: Global oil prices fell 1 pct on Tuesday but continued to trade in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts. U.S. crude stockpiles have...

News Hour: The United States has rekindled interest in ultra long-term debt, including possibly a rare century bond, to lock in the current very low borrowing rates. “I think it’s something that we should seriously look...

News Hour: In a not so subtle jab at European officials and their dealings with Greece, the IMF on Thursday issued a warning against pretending that “unpayable debts” can be repaid. In a blog written by...

News Hour: Iran’s president must do more to improve the economy, Ayatollah Ali Khamenei said on Wednesday in a rare public criticism from the supreme leader three months before Hassan Rouhani runs for re-election. Unemployment, recession...