Business


Rate hike plans may need rethink if inflation wanes - Fed's Harker

There's little reason to signal a different coarse and put the central bank's credibility on the line in an appearance Tuesday at a United Kingdom forum to evaluate the global economy. Yellen and her closest allies on the Fed are not persuaded. Fed officials have been wrestling over how the central bank should react to seemingly conflicting signals about the USA economy from unemployment and inflation.



Netherlands is India's natural partner: PM Modi

The president said the USA and India "agree on most things" and joked that "by the end of the day we ll agree on everything". Please Wait while comments are loading. "We consider the United States as our primary partner in India's socio-economic transformation in all of our flagship programmes and schemes", said Modi.


Fed raises key interest rate

Fed raises key interest rate

The 0.25 percent interest rate had lasted for three and a half years before the Fed began to increase the rates late last year as a risk mitigation measure. The US dollar index, which tracks the US currency against a basket of six rivals, was flat on the day at 96.932 but above its overnight low of 96.323 plumbed after downbeat economic figures.


Everything you need to know about Google's €2.4bn fine

Everything you need to know about Google's €2.4bn fine

The EU's antitrust chief, Margrethe Vestager , charged that similar products competing with Google were often ranked much lower in search (if you're not on the first page, you're basically dead). In the U.K., Kelkoo and Foundem are among companies that stand to gain from a formal ruling from the EU. These fines make people wonder whether the European Union has something against American companies.


IMF trims economic forecast for US

IMF trims economic forecast for US

The IMF, in its annual review of the American economy, questioned the White House's plan to accelerate output and said it was skeptical the administration would be able rev up the world's largest growth engine to a sustained 3% annual rate.


Fraud trial underway for ex-pharma exec Martin Shkreli

Fraud trial underway for ex-pharma exec Martin Shkreli

At the jury selection in a Brooklyn courtroom, more than 100 potential jurors were dismissed . Some of the jurors knew about the 34-year-old Shkreli, who became known as "the most hated man on the internet" two years ago after hiking the price of the drug Daraprim overnight from $13.50 per pill to $750 as CEO of Turing Pharmaceuticals.