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Who is Shaktikanta Das? The New RBI Governor on the Block

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UAE increases petrol prices for October

Speaking to Talk Radio 702, the AA's Layton Beard said that despite some gains made with the stronger rand, rising global oil prices have undone any of the good...

Lawmakers may change regulations on flights

Potential criticisms of enlarged mandatory minimum seat sizes include increased price per ticket and boosted baggage fees, both of which would offset a decrease...

USA rate hike in the cards as Fed holds policy meeting

Barring a negative surprise in the economy, updated " dot plot" forecasts made a December rate hike nearly certain, as the number of FOMC officials expecting an...

Ford CEO: Steel, aluminum tariffs will cost automaker $1 billion

In July, Ford cut its full-year outlook , citing in part heavy losses in China in the second quarter. "The irony of which is we source most of that in the US...

Ahead of U.S. sanctions, India looks beyond Iran for oil imports

Over the weekend Secretary of State Michael Pompeo said Mr. Trump is willing to meet his Iranian counterpart. The US is looking to ease market tensions about...

Federal Reserve raises USA central bank's rate to 2.25%

Shortly after the announcement, President Donald Trump once again criticized the Fed for raising rates. "On Wednesday, our team expects Powell to highlight th...

Dubai gold prices fall as dollar firms, Dh136.25 for 22k

The U.S. dollar fell against a basket of currencies, with an expected Federal Reserve rate rise mostly priced in by traders, who will be looking for clues on th...

75 banks have joined JPMorgan's blockchain payments party

The Interbank Information Network (IIN) was piloted back in October 2017 as a way to both address delays in cross-border payments and see off the threat from ne...

The Fed raises interest rates by a quarter percentage point

Fed in statement does not change description of economy; repeats that jobs gains have been strong and household spending and business fixed investment have g...

US Will Almost Certainly Miss NAFTA Deadline

Trump has demanded major changes to NAFTA , which he has said caused USA manufacturing jobs to move to low-wage Mexico. The Trade Representative is supposed ...

Ryanair cancels 190 flights

Ryanair cancelled hundreds of flights a year ago due to problems with pilot scheduling, and strikes led to more cancellations this summer. Ryanair has not ye...

Argentina’s central bank chief resigns amid IMF negotiations

Airports were also deserted with all flights in and out of the country cancelled. The central bank said Caputo had resigned for personal reasons, and that a d...

Federal Reserve hikes interest rate, citing "strong" economy

The Federal Reserve announced Wednesday, after a two-day policy meeting, that it would raise interest rates for the third time this year. The Fed dropp...

US Federal Reserve raises interest rates amid strong growth

The Fed has said repeatedly that it views the economy as "strong" right now, but today's forecasts and news conference will likely give more insight into whet...

Trump to United Nations: the trade imbalance with China ‘cannot be tolerated.’

The ECB estimates US growth would be cut by more than 2 percentage points. After three years, the gross domestic product would be down 1 percent from its star...

Ryanair to cancel 190 flights on Friday across Europe

Ryanair says it "sincerely regrets these unnecessary customer disruptions", which it blames on agitation from competitor airlines. Earlier this summer, Ryanai...

Fed Raises Interest Rates, Signals One More Increase This Year

In a telling signal, the Fed deleted the line from its statement that said monetary policy will "remain accommodative", an indication the Fed believes it'...

ACs, refrigerators, flying gets costlier as Centre hikes import duty

Numerous electronic items have zero customs duty under the World Trade Organization's first Information Technology Agreement, which limits the government's ab...

US Federal Reserve likely to lift rates, possibly end 'accommodative' policy era

The wording had become less and less accurate since the central bank began increasing rates in late 2015 from a near-zero level, and its removal means the Fed n...

Canada's PM sees possibility to build on U.S.-Mexico NAFTA deal

Trudeau told the Council on Foreign Relations Tuesday morning. "There is still a fair amount of distance between us", Lighthizer said at a conference in NY,...

Not in Britain's national interest to hold election: UK PM May

Rebecca Long-Bailey joined Shelagh Fogarty from the Labour Party conference. Shadow Brexit minister Keir Starmer contradicted him, saying the motion "cl...

Director of Business West sees the benefits of Labour's employee-ownership idea

Aides could not rule out compensation being forfeited altogether in such cases. Under the scheme, every company with 250 or more employees will be expected to...

Federal Reserve poised to raise interest rates

In a CNBC survey of economists, fund managers and strategists, 98% of respondents expect the Fed to hike rates a quarter point Wednesday to a range of 2 to 2 ...

Google is rolling back its ban on cryptocurrency-related ads

The online giant blocked such adverts back in March as part of a security crackdown, but has now apparently changed its mind and will allow cryptocurrency ads o...

Would you spend 30 hours in a coffin to win $300?

This is way beyond "couch potato" status. Participants can take hourly bathroom breaks, but will be forced back into the coffin after relieving themselves. The ...