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  • Indian PM Modi listens to FM Jaitley during the Global Business Summit in New Delhi
    Modi passes budget test despite lack of reform dazzle Reuters - 8 hours ago

    By Frank Jack Daniel and Swati Bhat NEW DELHI/MUMBAI (Reuters) - India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors …

    Indian PM Modi listens to FM Jaitley during the Global Business Summit in New Delhi

    By Frank Jack Daniel and Swati Bhat NEW DELHI/MUMBAI (Reuters) - India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India's ageing roads and railways while keeping borrowing in check. The …

  • Despite Greece, euro zone is turning the corner Reuters - 10 hours ago

    The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial center and a hotbed of Euroskepticism. The …

    A Greek and a European flag flutter outside the Greek embassy in Brussels

    The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial center and a hotbed of Euroskepticism. The heightened risk of a Greek default and/or exit comes just as there are signs that the euro zone is turning the corner …

  • Greece runs out of funding options despite euro zone reprieve Reuters - Fri, 27 Feb, 2015 8:15 PM EST

    By Jan Strupczewski and Deepa Babington BRUSSELS/ATHENS (Reuters) - Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement …

    People are silhouetted as they gather ahead of an anti-austerity and pro-government demonstration in front of the parliament in Athens

    By Jan Strupczewski and Deepa Babington BRUSSELS/ATHENS (Reuters) - Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks. Euro zone and IMF creditors gave …

  • Greece set to get green light for EBRD support Reuters - Fri, 27 Feb, 2015 2:05 PM EST

    Greece is expected to get the green light early next week for what could add up to over a billion euros of funding support and investments from the European Bank for Reconstruction and Development, according …

    A Greek flag is seen through pillars at the Attalos arcade in Athens

    Greece is expected to get the green light early next week for what could add up to over a billion euros of funding support and investments from the European Bank for Reconstruction and Development, according to sources at the bank. The former Greek government put in a request late last year to become an EBRD 'country of …

  • U.S. economy grew at 2.2 per cent in Q4, slower than previously believed The Canadian Press - Fri, 27 Feb, 2015 9:05 AM EST

    WASHINGTON - The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.

    In this Nov. 11, 2014 photo, Tom Peters looks at material for roof rails on the production line for the 2015 Ford F-150 at the Dearborn Truck Plant in Dearborn, Mich. The Institute for Supply Management reports on a survey about U.S. manufacturing production, orders and other activity in January, on Monday, Feb. 2, 2015. (AP Photo/Paul Sancya)

    WASHINGTON - The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.

  • Germany backs Greek extension but bailout fatigue grows Reuters - Fri, 27 Feb, 2015 7:14 AM EST

    Germany's parliament approved an extension of Greece's bailout on Friday but a record number of dissenters from Angela Merkel's conservatives underscored growing scepticism in Berlin about whether a new …

    German deputies cast their vote on approval to extend Greece's bailout during session of Bundestag in Berlin

    Germany's parliament approved an extension of Greece's bailout on Friday but a record number of dissenters from Angela Merkel's conservatives underscored growing scepticism in Berlin about whether a new Greek government can be trusted to deliver on its reform pledges. With Finance Minister Wolfgang Schaeuble promising …

  • India in "sweet spot" of lower deficits, more growth: Economic Survey Reuters - Fri, 27 Feb, 2015 6:31 AM EST

    By Manoj Kumar and Rajesh Kumar Singh NEW DELHI (Reuters) - India can increase investment to drive economic growth without borrowing more, a key government report said on Friday, in an indication that …

    Labourers work at the site of a monorail project in Mumbai

    By Manoj Kumar and Rajesh Kumar Singh NEW DELHI (Reuters) - India can increase investment to drive economic growth without borrowing more, a key government report said on Friday, in an indication that Finance Minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday. The Economic Survey, …

  • Buffett, a cheerleader for America, takes his checkbook abroad Reuters - Fri, 27 Feb, 2015 3:04 AM EST

    This year, his 50th at Berkshire's helm, the world's third-richest person could write something quite different. When Buffett releases this year's letter on Saturday, he may point to opportunities outside …

    Financial investor Warren Buffett is acknowledged during an announcement ceremony at Northwestern University in Evanston

    This year, his 50th at Berkshire's helm, the world's third-richest person could write something quite different. When Buffett releases this year's letter on Saturday, he may point to opportunities outside of the United States, after he recently decided to buy a German motorcycle accessories retailer and said he may shop …

  • Japan economic data signal slow recovery despite boost from lower oil prices The Canadian Press - Fri, 27 Feb, 2015 1:31 AM EST

    TOKYO - Japanese factories churned out more machinery and electronic devices in January as export shipments rose, but lower energy costs due to cheaper crude oil failed to provide a boost to consumer  …

    Japan economic data signal slow recovery despite boost from lower oil prices

    TOKYO - Japanese factories churned out more machinery and electronic devices in January as export shipments rose, but lower energy costs due to cheaper crude oil failed to provide a boost to consumer spending....

  • Billionaire's 'secret' daughter gets $20 million CNBC - Thu, 26 Feb, 2015 12:32 PM EST

    Olivia Mead, the secret daughter of billionaire Michael Wright, was awarded Au$25 million-more than twice the amount she requested from the court.

    Billionaire's 'secret' daughter gets $20 million

    Olivia Mead, the secret daughter of billionaire Michael Wright, was awarded Au$25 million-more than twice the amount she requested from the court.