Brussels: Eurogroup President Jeroen Dijsselbloem said late Friday that the finance ministers' meeting on Greece turned out "positive" and Greece is expected to get a new loan worth up to $95 bn.The outcome of the
Athens, Greece : Greece got a triple dose of good news on Thursday, when creditors agreed to open talks on a third bailout package, to give the country an interim loan to cover its debts,
Brussels: A summit of eurozone leaders reached a tentative agreement with Greece on Monday for a bailout program that includes "serious reforms" and aid, removing an immediate threat that Greece could collapse financially and leave
New Delhi: The International Monetary Fund has lowered its forecast for global economic growth in 2015, with diminished expectations almost everywhere except the U.S., citing persistent weakness in the eurozone and a broad slowdown in
Vilnius: The German Bundestag will vote for Lithuania's entry into the Eurozone in 2015, an official said.Manuel Sarrazin, spokesman of the Committee on the Affairs of the European Union of the German Bundestag, said during
Frankfurt, Germany: The European Central Bank left its key interest rate unchanged on Thursday, even though the economic recovery has almost ground to a halt in the 17-country eurozone.The currency bloc's chief monetary authority left
London: The recovery from recession in the 17-country eurozone continued in the third-quarter of the year -- but only just. Eurostat, the EU's statistics agency, said Thursday that the region, which only emerged from its
Mumbai , June 9: Reserve Bank of India (RBI) Deputy Governor K. C. Chakrabarty, on Friday, sought to stave off criticism that the nine-year low GDP (gross domestic product) growth was primarily due to high
New Delhi, June 7: Facing resistance to various key reform programmes, Prime Minister Manmohan Singh said on Wednesday that “bottlenecks” needed to be removed to reverse the present situation and revive India's growth story as
Mumbai, May 17: After yesterday's tumble, stock markets today wiped out most of Wednesday's losses intra-day with investor sentiment reconciling to the Greek crisis. In contrast to the panic that resulted in across-the-board selling on
New Delhi, May 16: As the rupee hit its record low level of Rs 54.46 against dollar, the Finance Ministry today said there was no need to panic and the slide would be contained when
Manila, May 4: Grappling with a sharp drop in rupee value and downgrade in sovereign rating outlook, India today blamed structural problems in Eurozone and volatile commodity prices for balance of payment (BoP) stress in
Mumbai, Nov 24: The rupee can slide further and touch a level of Rs 58 a dollar in the near-term if the economic condition deteriorates in the Eurozone economies, top banking officials of HSBC Bank
Mumbai, Nov 1: Falling for the second day in a row, the BSE benchmark Sensex today tumbled by 224 points to close at 17,480.83 on across-the-board selling as investors remained downcast amid weak global cues.Interest
Paris, Oct 14: Sovereign debt problems in Eurozone and slow recovery in the US are taking toll on the emerging economies, but the Indian economy may still clock over 8 per cent growth, Finance Minister
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