NEW YORK (Reuters) – Finance Minister Arun Jaitley said on Thursday that economic reforms in the legislative pipeline can push India’s economic growth rate above the 7 to 7.5 percent range.
India’s economy, Asia’s third largest, is expected to grow 7.5 percent this year, according to the latest World Bank forecast, which would make it the world’s fastest growing economy in 2015. The government has a growth forecast of 8.1-8.5 percent while the central bank has a 7.6 percent gross domestic product growth target.
NEW YORK, June 18 (Reuters) – Indian Finance Minister Arun
Jaitley said on Thursday that economic reforms in the
legislative pipeline can push India’s economic growth rate above
the 7 to 7.5 percent range.
India’s economy, Asia’s third largest, is expected to grow
7.5 percent this year, according to the latest World Bank
forecast, which would make it the world’s fastest growing
economy in 2015. The government has a growth forecast of 8.1-8.5
percent while the central bank has a 7.6 percent gross domestic
product growth target.
NEW YORK, June 15 (Reuters) – The euro erased losses on
Monday as the shock of a failed negotiation on Sunday between
Greece and its creditors faded and investors turned their focus
toward a U.S. rate decision later in the week.
The euro zone finance minister’s meeting on Thursday now
takes on a greater role for potentially solving the impasse,
which if not rectified could lead to a default by Greece on its
NEW YORK (Reuters) – The euro weakened on Monday, undermined by failed efforts over the weekend to break a deadlock in debt negotiations between Greece and its creditors that puts a bigger onus on an upcoming meeting of euro zone finance ministers later this week.
Sunday’s talks between Greece and its international creditors broke up after less than an hour, suggesting still significant differences between the two sides.
NEW YORK, June 12 (Reuters) – Global corporate bond defaults
are running at their fastest pace, year-to-date, since 2009,
Standard & Poor’s said in a study published on Friday.
Fifty companies have defaulted on their bonds, nearly double
the rate of defaults during the same period a year ago. In 2014
there were 60 corporate defaults in total.
NEW YORK, June 11 (Reuters) – The trading volume of emerging
market debt shrank by 23 percent in the first quarter of 2015
versus the same period a year ago, with weak global trade,
falling commodity prices and erratic capital flows cited for
some of the drop, a new survey shows.
First quarter trading volume of $1.226 trillion also
reflected a decline in the number of firms reporting their data,
EMTA, the association for the emerging markets debt trading
industry said in a statement.
NEW YORK/SHANGHAI (Reuters) – U.S. index provider MSCI Inc said on Tuesday it will hold off including China-listed shares in one of its key benchmark indexes but expects them to be incorporated once outstanding market accessibility issues are resolved.
The news was seen as a setback for China’s attempts to promote its yuan currency globally and attract foreign capital through a raft of financial reforms.
NEW YORK, June 3 (Reuters) – U.S. Treasury debt yields hit
seven-month highs on Wednesday, bolstered by a solid U.S.
private sector employment report for May and gains in German
bond yields after the European Central Bank raised its inflation
forecast for this year.
Yields on ten-year German Bunds jumped to 0.89 percent
, the highest since late October last year.
May 29 (Reuters) – Argentina urged a U.S. judge on Friday to
not expand by another $5.4 billion the amount it must pay
holders of defaulted debt before it can pay the majority of its
creditors who participated in two rounds of sovereign
U.S. District Judge Thomas Griesa adjourned the hearing in
New York without ruling on the matter, saying that these
creditors, along with those he ordered paid $1.33 billion plus
interest, should resume settlement discussions with the South
I have to admit, I was a little surprised. The invitation to a book signing came from an emerging markets investment firm by one of their investment professionals and on the face of it didn’t really excite me. But I do have a lot of respect for the individuals at the firm and there was a quality to the invitation, one that didn’t say hard sell, that compelled me to go and see.
Nice new offices, tastefully decorated with soft earth tones, wonderful old world maps and a style that gives the impression this firm is filled with thinkers, talkers, and doers.