economy

Mahindra group firm Mahindra Agri Solutions announced a joint venture with Japan's Sumitomo Corporation Group to expand its crop protection business and aims to reach annual sales revenue of USD 100 million in the next five years.

India's September retail inflation picks up to 3.77 percent Oct 12 2018

India’s retail inflation rate slightly picked up to 3.77 percent in September, government data showed on Friday, driven by higher food and fuel prices and a depreciating rupee.

Singapore central bank tightens again with eye on trade risks Oct 12 2018

Singapore’s central bank tightened monetary policy for the second time this year, saying the city-state’s economy is likely to expand steadily barring a setback to global growth from trade frictions between the United States and China.

'Path of thorns': An IMF bailout set to impede Pakistan PM's populist agenda Oct 12 2018

From cutting power subsidies to forcing currency devaluations that stoke inflation, the hard choices facing Pakistan as it seeks a bailout from the International Monetary Fund (IMF) pose a major headache for populist new Prime Minister Imran Khan.

Ireland's central bank hikes growth forecast Oct 12 2018

Ireland’s central bank its economic growth forecast for 2018 and 2019 on stronger than expected domestic demand, but warned that even an orderly Brexit would significantly dent growth over the next several years.

ECB feels vindicated but risks gaining prominence: Draghi Oct 12 2018

The euro zone’s continuing expansion has vindicated European Central Bank policy but risks to the outlook, from trade protectionism to the threat of a hard Brexit, are on the rise, ECB President Mario Draghi said.

ECB must not turn blind eye to stability risks: Lautenschlaeger Oct 12 2018

The European Central Bank must be mindful of financial stability risks, including those created by its own ultra easy policy, ECB board member Sabine Lautenschlaeger said on Friday, weighing in on a recent debate.

Euro zone industrial output rebounds more than forecast in August Oct 12 2018

Production at factories in the euro zone increased in August by more than forecast, reversing the negative trend of the previous two months in what could prove a boost for the bloc’s economic growth in the third quarter, data released on Friday showed.

ECB's Draghi sees gradual, not vigorous core inflation rise Oct 12 2018

Underlying inflation in the euro zone will rise gradually in the coming years, European Central Bank President Mario Draghi said on Friday, toning down earlier remarks which foreshadowed a “relatively vigorous” rise.