I remember the Gnanpith award winning Urdu writer Quratulain Haider when we were working together on the Illustrated Weekly and she would play host to the hungry bachelors telling us that any-one wh
BEIJING: China's central bank said Saturday it would again reduce interest rates by 25 basis points, its fourth such cut since November as it tries to boost growth.
MUMBAI: The Reserve Bank of India canceled three out of four government bond tranches being sold at its weekly auction on Friday, a step traders said indicated the government's reluctance to borrow at
BRUSSELS: French Finance Minister Michel Sapin said Greece’s place was firmly inside the euro zone despite a decision by his euro zone counterparts to end the country’s bailout program on June 30, thr
PARIS: Staff at French branches of British retail chain Marks and Spencer went on strike demanding pay rises and an end to what one union official described as “management by terror.”
NEW YORK: Investors worldwide pulled $3.8 billion out of bond funds in the week ended June 24 on growing expectations that the Federal Reserve will hike interest rates this year, data from a Bank of A
SHANGHAI: Chinese stocks plunged over 7 percent on Friday, with one key index recording its biggest fall since 2008, hit by tight liquidity conditions ahead of the quarter-end and uncertainty over the
WASHINGTON: Consumer sentiment rose this month to the highest level since January, suggesting that spending will strengthen this year.
ABUJA: Nigeria's new President Muhammadu Buhari dissolved the board of the state-owned Nigerian National Petroleum Corporation (NNPC) on Friday as a first step to cleaning up the oil industry in Afric
BRUSSELS: Greece's creditors offered to unlock aid of as much as 15.5 billion euros ($17.3 billion) for the indebted country, as Prime Minister Alexis Tsipras lamented the tough conditions demanded in
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