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  Eurozone ministers approve Greek bailout deal

  World | August 15, 2015 8:23 IST

  Brussels:  Eurogroup President Jeroen Dijsselbloem said late Friday that the finance ministers' meeting on Greece turned out "positive" and Greece is expected to get a new loan worth up to $95 bn.The outcome of the

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  Greece gets relief from creditors after first austerity test

  World | July 16, 2015 23:13 IST

  Athens, Greece :  Greece got a triple dose of good news on Thursday, when creditors agreed to open talks on a third bailout package, to give the country an interim loan to cover its debts,

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  Eurozone reaches deal on Greece bailout: European Union

  World | July 13, 2015 20:13 IST

  Brussels: A summit of eurozone leaders reached a tentative agreement with Greece on Monday for a bailout program that includes "serious reforms" and aid, removing an immediate threat that Greece could collapse financially and leave

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  IMF cuts global growth forecast for 2015

  January 20, 2015 13:33 IST

  New Delhi: The International Monetary Fund has lowered its forecast for global economic growth in 2015, with diminished expectations almost everywhere except the U.S., citing persistent weakness in the eurozone and a broad slowdown in

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  Germany supports Lithuania's Eurozone entry: Official

  April 19, 2014 21:20 IST

  Vilnius: The German Bundestag will vote for Lithuania's entry into the Eurozone in 2015, an official said.Manuel Sarrazin, spokesman of the Committee on the Affairs of the European Union of the German Bundestag, said during

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  European Central Bank keeps rates unchanged

  December 05, 2013 18:42 IST

  Frankfurt, Germany: The European Central Bank left its key interest rate unchanged on Thursday, even though the economic recovery has almost ground to a halt in the 17-country eurozone.The currency bloc's chief monetary authority left

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  Eurozone recovery hits snag in third-quarter

  November 14, 2013 16:21 IST

  London:  The recovery from recession in the 17-country eurozone continued in the third-quarter of the year -- but only just.  Eurostat, the EU's statistics agency, said Thursday that the region, which only emerged from its

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  Low growth not just due to high interest rate, says RBI

  June 09, 2012 14:15 IST

  Mumbai , June 9: Reserve Bank of India (RBI) Deputy Governor K. C. Chakrabarty, on Friday, sought to stave off criticism that the nine-year low GDP (gross domestic product) growth was primarily due to high

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  Need to remove 'bottlenecks' to revive growth story, says Manmohan Singh

  June 07, 2012 13:47 IST

  New Delhi, June 7: Facing resistance to various key reform programmes, Prime Minister Manmohan Singh said on Wednesday that “bottlenecks” needed to be removed to reverse the present situation and revive India's growth story as

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  Sensex up 40 points, investors leave nervousness behind

  May 17, 2012 19:25 IST

  Mumbai, May 17: After yesterday's tumble, stock markets today wiped out most of Wednesday's losses intra-day with investor sentiment reconciling to the Greek crisis.  In contrast to the panic that resulted in across-the-board selling on

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  Rupee falling due to global factors, no need to panic, says Pranab Mukherjee

  May 16, 2012 15:34 IST

  New Delhi, May 16: As the rupee hit its record low level of Rs 54.46 against dollar, the Finance Ministry today said there was no need to panic and the slide would be contained when

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  Rupee fall due to Euro problem, high oil prices, says Pranab

  May 04, 2012 19:04 IST

  Manila, May 4: Grappling with a sharp drop in rupee value and downgrade in sovereign rating outlook, India today blamed structural problems in Eurozone and volatile commodity prices for balance of payment (BoP) stress in

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  HSBC Says Rupee Can Plumb To 58 Against Dollar

  November 24, 2011 20:49 IST

  Mumbai, Nov 24: The rupee can slide further and touch a level of Rs 58 a dollar in the near-term if the economic condition deteriorates in the Eurozone economies, top banking officials of HSBC Bank

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  Sensex Sheds 224 Points; ICICI Bank Worst Hit

  November 01, 2011 17:38 IST

  Mumbai, Nov 1: Falling for the second day in a row, the BSE benchmark Sensex today tumbled by 224 points to close at 17,480.83 on across-the-board selling as investors remained downcast amid weak global cues.Interest

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  Eurozone, US Problems Hurting Emerging Economies : Pranab

  October 14, 2011 20:58 IST

  Paris, Oct 14: Sovereign debt problems in Eurozone and slow recovery in the US are taking toll on the emerging economies, but the Indian economy may still clock over 8 per cent growth, Finance Minister