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Juncker's €315b proposal to kickstart efforts to create jobs, growth
The eagerly-awaited plan, the keystone of Juncker’s five-year mandate, involves the EU setting up a €21 billion ($26 billion) fund with the aim of drawing in 15 times that amount in private investment.
RBI under rate cut pressure as economic growth slows
The sources said Finance Minister Arun Jaitley would argue forcefully for Reserve Bank of India (RBI) Governor Raghuram Rajan to lower interest rates when the two meet ahead of a decision on rates next Tuesday.
Stagnant EU poses ‘major risk’ to world growth: OECD
More flexibility in fiscal rules for struggling EU members urged
European shares at high of two months
Oil steady under $80 ahead of Opec meeting
India’s largest state-owned bank to launch Islamic fund
An official said on Wednesday that the bank is expecting to attract an initial Rs1 billion ($16.4 million) to the fund which will be launched on December 1.
$1 billion India-Nepal hydropower deal
The deal allows India’s state-owned company Satluj Jal Vidyut Nigam to construct a 900-megawatt hydropower project on Nepal’s Arun river, with electricity expected to be generated from 2021.
US growth revised, up at 3.9% for Q3
The Commerce Department on Tuesday raised its estimate of gross domestic product to a 3.9 per cent annual pace from the 3.5 per cent rate reported last month, reflecting upward revisions to business and consumer spending, as well as restocking.
Oman may cut spending, raise taxes
Oman has run a small budget surplus so far this year but the slide of the Brent crude oil price to around $80 a barrel in recent months, from levels of around $115 in June, promises to push it into deficit next year unless oil rebounds sharply.
Oil drop to hit Gulf petrochem
GPCA event attracts over 2,000 regional and int’l chemical industry leaders
Pakistan sukuk roadshows concludes in ME
Having successfully concluded the Middle East roadshows, the Pakistan team led by the Finance Minister Ishaq Dar left for London.
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