economy

British consumer spending fell by the most since July last month, payments company Visa said on Tuesday, adding to signs of slowing economic growth toward the end of the year.

Euro zone November inflation revised down to ECB target, October trade surplus falls Dec 17 2018

Euro zone headline inflation was at the European Central Bank target in November and the inflation measure crucial for monetary policy decisions eased again after rising the previous month, revised data showed on Monday.

US banks quietly pull back from riskiest loans amid recession fears Dec 17 2018

As U.S. bank stocks tanked this month over fears of an impending recession, industry executives downplayed concerns to colleagues, analysts and journalists, arguing that the economy is in great shape.

Total government liabilities rise to Rs 82 lakh crore Dec 17 2018

Total liabilities of the government increased to Rs 82 lakh crore at end-September from Rs 79.8 lakh crore at end-June this year, latest data on public debt showed on Monday.

BoE's Carney says may test banks for climate change impact Dec 17 2018

Banks in Britain may be tested for their resilience to the impact of climate change on their balance sheets, Bank of England Governor Mark Carney said.

Rome optimistic EU won't discipline Italy over budget-undersecretary Dec 17 2018

The Italian government is confident that the European Union won’t open a disciplinary procedure over its budget after the ruling coalition agreed to revise it, an economy undersecretary said.

Government may skip large farm loan waiver ahead of '19 polls: Report Dec 17 2018

Despite the electoral reverses in key states faced by the ruling BJP, the Union government is unlikely to announce any large farm loan waiver or fiscal sops ahead of general elections, Credit Suisse said.

ECB can delay rate hikes if growth slows more than expected: Wunsch Dec 17 2018

European Central Bank can delay rate hikes if the economy slows more than expected and its decisions will be driven by economic data, the incoming head of Belgium’s central bank said.

Transfer of excess reserve may pull down credit rating of RBI: Rajan Dec 17 2018

Former RBI Governor Raghuram Rajan has cautioned that transfer of excess reserve to the government may bring down rating of the central bank.