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E-Commerce to Offer Highest Pay Hikes in 2016: Survey

New Delhi, Feb 17 (IANS) Talent, recruitment and health solutions player Aon Hewitt on Wednesday said e-commerce industry leads its annual salary increase survey in India by forecasting a projected salary hike of 15.6 percent…




Bad Loans Exposing Distress Among Indian Banks

Chennai, Feb 11 (IANS) The distress in India’s banking system is becoming evident by the day with more of these financing institutions reporting poor results in the third quarter of this fiscal, amid mounting bad…







Bank of Japan to Introduce Negative Interest Rate

(150619) — TOKYO, June 19, 2015 (Xinhua) — Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a press conference at its headquarters in Tokyo, capital of Japan, June 19, 2015. (Xinhua/Stringer) Tokyo, Jan 30 (IANS)…



IMF Implements Long Due Quota Reforms

Washington, Jan 28 (PTI) The IMF has announced the implementation of its long due quota reforms which was approved by the US Congress last year that will give more voting rights to emerging economies like…


US Stocks Tumble After Fed Statement

New York, Jan 28 (IANS) US stocks ended sharply lower on Wednesday, as Wall Street digested the newly-released Federal Reserve’s statement amid downbeat quarterly earnings reports. The Dow dropped 1.38 percent, and the S&P 500…






Chinese Yuan Weakens

Beijing, Jan 19 (IANS) The central parity rate of the Chinese currency, or the yuan, weakened by 6 basis points to 6.5596 against the US dollar on Tuesday, according to the China Foreign Exchange Trading…