economy

The Indian economy has a large overhang of public debt and there is a need to focus on reducing this in the next 4-5 years, Economic Affairs Secretary Subhash Chandra Garg said Saturday.

Public credit registry better for SMEs, not special norms: Acharya Dec 15 2018 | 4 hrs ago

The Reserve Bank prefers fundamental changes to smoothen loan flow to micro-businesses through a public credit registry, rather than doling out forbearances, deputy governor Viral Acharya Saturday said.

Government will stick to fiscal target this year: Jaitley Dec 14 2018

The government will stick to the 3.3 per cent fiscal deficit target in the current financial year, Finance Minister Arun Jaitley said Friday.

Euro zone business ends 2018 with growth at four-year low: PMIs Dec 14 2018

Euro zone business ended the year on a weak note, expanding at the slowest pace in over four years as new order growth all but dried up, hurt by trade tensions and violent protests in France, a survey showed on Friday.

Austrian economic growth to hold steady this year, then slow: Central bank Dec 14 2018

Austria’s economic growth will hold steady this year at 2.7 percent, supported by strong domestic demand and exports, then slow markedly in 2019, the country’s central bank said in its half-yearly economic forecasts on Friday.

ECB to supervise Irish units of Barclays, Bank of America Merrill Lynch Dec 14 2018

The European Central Bank will begin to supervise Barclays Bank Ireland and the Irish subsidiary of Bank of America Merrill Lynch (BofAML) from next year as they are expected to grow in size following Brexit, the ECB said on Friday.

German private sector growth hits four-year low in December: PMI Dec 14 2018

Germany’s private sector expansion slowed to a four-year low in December, a survey showed on Friday, suggesting growth in Europe’s largest economy may be weak in the final quarter.

ECB to supervise Irish units of Barclays, BofAML Dec 14 2018

The European Central Bank will begin to supervise Barclays Bank Ireland and the Irish subsidiary of Bank of America Merrill Lynch (BofAML) from next year as they are expected to grow in size following Brexit, the ECB said on Friday.

Euro zone bond yields fall as weak PMI fans growth fears Dec 14 2018

Borrowing costs in the euro area fell on Friday as weak data from the euro zone and China fanned worries about global growth, a day after the ECB said downside economic risks were becoming more prominent.