Reuters columnist James Saft wrote in his latest column that a reform change, and not a new central bank governor, could help the falling rupee and the Indian economy.
Finance/Venture
India set to impose EUR150 million probe for BMW customs violations
BMW is appealing a decision to impose a EUR150 million fine for alleged customs laws violations. German car giant BMW is set to face fines worth EUR100 million in India for allegations of violations committed against the country's importation rules.
IBM moves retirees pension plan to health exchange
To cut costs, which is expected to triple by 2020, IBM has moved its retiree pension plan to a health exchange for lower risk and costs.
Monte dei Paschi to get capital hike
An agreement was made between EU Commission and bank officials for a capital hike for the world's oldest bank.
Greek PM says economic pain will ease next year
Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.
Latest News
Two top US Federal Reserve officials said last Wednesday that they were open-minded in implementing the proposed stimulus reduction this month.
Reserve Bank of Australia's (RBA) statement on its national currency prompted an opposite reaction to the Aussie dollar and borrowing rates.
The sale of speculative-grade bonds surged in the US this year. The sales of junk bonds in the US surged this year. Investors bought the bonds as it had been giving better returns than investment-grade securities for seven straight months.
Analysts said that though economies in Euro Zone and China were experiencing significant growth spikes in their economies, emerging economies of India, Italy and France are not faring well.
Morningstar reported Pimpco's Total Return Fund took a USD 41 billion hit in the last four months.
US jobs and service sector data indicated Thursday that the US Federal Reserve would be slowing its bond buying program down soon.
In an The Group of Twenty Finance Ministers and Central Bank Governors's (G20), attendees would be seeing a show of power and influence between US President Barack Obama and Russian President Vladimir Putin arguing on how to act on the crisis in Syria.
President Nursultan Nazarbayev confirmed that Kazakhstan would be inking 22 deals with China worth USD 30 billion on Saturday.
Bruce Bent and the Reserve Primary Fund management agreed to settle with their shareholders for USD 54.5 million.
