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Expert views - India's economic growth slows to 7 pct in April-June
31 Aug 2015 at 5:25am
MUMBAI (Reuters) - India's economic growth slowed to a lower-than-expected 7 percent in the three months through June from 7.5 percent in the previous quarter, government data showed on Monday.

Europe stocks set for worst monthly loss since 2011 on China, Fed concerns
31 Aug 2015 at 5:14am
LONDON (Reuters) - Stocks in Europe fell on Monday, heading for their worst monthly losses in four years amid persistent investor concerns about slowing growth in China and the prospect of higher U.S. interest rates.

Economic growth slows to 7 percent in June quarter
31 Aug 2015 at 5:11am
NEW DELHI (Reuters) - India's economic growth slowed to 7 percent in the three months through June from 7.5 percent in the previous quarter, government data showed on Monday.

July infrastructure output growth slows to three-month low of 1.1 percent
31 Aug 2015 at 4:51am
NEW DELHI (Reuters) - India's annual infrastructure output growth slowed to a three-month low of 1.1 percent in July, dragged down by a contraction in steel production and a slowdown in output of coal and refinery products, government data showed on Monday.

Oil falls back below $49 as glut, China concerns weigh
31 Aug 2015 at 4:44am
LONDON (Reuters) - Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply glut and renewed concern about a hard landing for China's economy.

Dubai gold retailer defaults on $136 million, banks consider options
31 Aug 2015 at 4:43am
ABU DHABI/DUBAI (Reuters) - A Dubai-based gold and jewellery retailer has defaulted on loans worth about 500 million dirhams ($136.2 million), with banks considering options including legal action to retrieve the money, four banking and trade sources told Reuters.

April-July fiscal deficit at 69 pct of annual target
31 Aug 2015 at 4:19am
NEW DELHI (Reuters) - India's fiscal deficit was 3.85 trillion rupees ($57.93 billion) during April-July, or 69.3 percent of the full-year target, government data showed on Monday.

Markets end lower, post biggest monthly drop since Nov 2011
31 Aug 2015 at 3:15am
REUTERS - India's stock markets ended nearly 0.5 percent lower on Monday as concerns about a deficient monsoon and weak rupee curtailed optimism around likely strong GDP data due later in the day.

Gold steadies, awaiting fresh clues on U.S. rate rise
31 Aug 2015 at 2:49am
LONDON (Reuters) - Gold steadied on Monday after last week's slide as a retreat in the dollar lent support, but indications that the Federal Reserve may still raise interest rates this year despite recent market turmoil weighed on the metal.

Analysis - Why reforms don't work so well in Italy
31 Aug 2015 at 2:31am
ROME (Reuters) - When Italian Public Administration Minister Marianna Madia tried to take advantage of a reform that should have allowed her to change her residency online, the local council said it couldn't be done.

China state media announces confessions in probes into stocks plunge
31 Aug 2015 at 2:26am
SHANGHAI (Reuters) - Chinese state media announced a slew of confessions on Monday following investigations into recent stock market gyrations, including from a detained reporter who admitted to spreading false information that caused "panic and disorder".

India plans to amend RBI Act by Feb to set up monetary panel - official
31 Aug 2015 at 2:07am
NEW DELHI (Reuters) - The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring Finance Secretary Rajiv Mehrishi told Reuters.

Slowing economy hits earnings at top Chinese machinery makers
30 Aug 2015 at 9:21pm
BEIJING (Reuters) - China's slowing economy has taken its toll on the first-half earnings of major construction machinery makers Zoomlion Heavy Industry Science and Technology Co Ltd and Sany Heavy Industry Co Ltd.

Japan July industrial output falls, signals laboured economic recovery
30 Aug 2015 at 8:03pm
TOKYO (Reuters) - Japan's industrial output unexpectedly fell in July in a worrying sign that high inventories and weak overseas demand could further hamper an economy struggling to recover from a slump in the second quarter.

Indian economy offers hope as China struggles
30 Aug 2015 at 7:37pm
NEW DELHI (Reuters) - For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter.

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