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India: Goods and Services tax rate cut on 178 items

ByAPDwriterRishikaChauhanNEWDELHI,November13(APD)-ThegovernmenthasdecidedtolowertheGoodsandServicesTax(GST)rateonmorethan178itemsofmassconsumption,asaresultitem

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Chinese researchers uncover genetic secrets behind aging rate

AresearchteamfromChinahasdiscoveredageneticmechanismthataffectsanimal'sagingrate,sheddinglightonthebiologicalbasisandregulationofhealthyaging,accordingtoastudyp

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Bank of England raises bank rate for first time since financial crisis

TheBankofEngland(BoE)hasraisedBritishinterestratesforthefirsttimein10years.The25-basispointriseannouncedonThursdaytooktheratefromarecordlowof0.25percentto0.5per

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Fed keeps rates unchanged, remains on road to December rate hike

TheFederalReservekeptinterestratesunchangedonWednesdayandpointedtosolidUSeconomicgrowthandastrengtheninglabormarketwhileplayingdowntheimpactofrecenthurricanes,a

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Jerome Powell: Trump's likely pick to lead the Federal Reserve

DonaldTrumplookssettoappointJeromePowell,aformerprivateequityexecutiveatCarlyleGroupandcurrentmemberoftheFederalReserve,asthenextFederalReservechair.Whiletheoff

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China's jobless rate at lowest level in years

Chinahasmaintainedoverallstabilityinemploymentinthepastfiveyears,althoughtheunemploymentratehashit3.95percent–itslowestpointinmultipleyears–attheendofSeptember,

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PBOC governor: China’s H2 GDP growth likely to return 7%

China’sGDPgrowthforthesecondhalfof2017islikelytoreturnto7percent,saidZhouXiaochuan,governorofthePeople’sBankofChina,thecentralbankoftheworld’ssecondlargestecono

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Interview: China could sustain 6 pct growth rate in medium term

Chineseeconomycouldsustaincurrentgrowthrateofover6percentfortheforeseeablefuture,aU.S.experthassaid."Thegrowthratehascomedownfromthepreviouseightor10percent,but

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Eurozone jobless rate 9.1% in August, lowest since February 2009

TheunemploymentrateacrosstheEurozoneremainedunchangedat9.1%inAugust,thelowestlevelrecordedinthesinglecurrencyareasinceFebruary2009,officialdatahasshown.Inthewid

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China's RMB closer to international currency status

Exchangeratestability,nation'sreservegrowthsignsofyuanmaturityWiththeexchangerateoftherenminbisteadilyrising,andtheBeltandRoadInitiativefurtheringChineseinvestm

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Fed keeps US rates steady, to start portfolio drawdown in October

TheUSFederalReserveleftinterestratesunchangedonWednesdaybutsignaleditstillexpectsonemoreincreasebytheendoftheyeardespitearecentboutoflowinflation.TheFed,asexpec

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Road deaths in U.S. lower than world's average

Thepercentageoffatalitiesfromroadcrashesintotalfatalitiesfromallcausesofdeathis1.3percentintheU.S.,lessthantheworld'saveragerateof2.4percent.Byplacingroadfatali

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Bank of England weighs up future without Brexit

TheBankofEnglandmustdecidehowforcefullytotalkabouttheprospectofafirstinterestrateriseinadecadeonThursdaywhenitwillweighuptheneedtohelpBritain’sBrexit-boundecono

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Venezuela's Maduro says will shun U.S. dollar in favor of yuan, others

VenezuelanPresidentNicolasMadurosaidonThursdayhiscash-strappedcountrywouldseekto“free”itselffromtheU.S.dollarnextweek,usingtheweakestoftwoofficialforeignexchang

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India: 7.5% GDP growth unlikely this year

ByAPDWriterRishikaChauhanNEWDELHI,August14(APD)--Indianeconomy’sgrowthratewillremainlessthan7.5%thisfiscalyear,accordingtoamid-year-economicsurveyreleasedbytheg

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India finance ministry flags risks to growth, inflation to undershoot

TheIndiangovernmentcalledonFridayformoremonetaryeasingasitflaggedriskstoeconomicgrowthandbudgettargets,citingaseriesofdeflationaryimpulsesweighingonAsia'sthird-

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U.S.| The Closing of the jobs gap: A decade of recession and recovery

Thejobsgaphasclosed.TheGreatRecessioncausedlabormarketdevastationonascalenotseenformanydecades.MillionsofjobswerelostintheUnitedStatesduring2008and2009,leavingt