Uncertainty over central bank action to fight slower global growth sent world shares and industrial commodity prices lower on Thursday, while nervousness ahead of a meeting of central bankers in the U

The Federal Reserve has room to deliver additional monetary stimulus to boost the U.S. economy, Fed chairman Ben Bernanke told a Congressional oversight panel in a letter.

"There is scope for further

The Reserve Bank of India (RBI) said on Thursday that fighting inflation remained the cornerstone of its monetary policy, and urged the government to cut expenditure, indicating it was unlikely to act

The Federal Reserve is likely to deliver another round of monetary stimulus 'fairly soon' unless the economy improves considerably, minutes from the U.S. central bank's latest meeting suggested.

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India's wholesale inflation unexpectedly fell in July to a near three-year low but economists doubt the drop will be enough to persuade the RBI to cut interest rates at its September meeting to try to

The Reserve Bank of India Governor Duvvuri Subbarao said on Monday domestic factors were responsible for the slowdown in the country's growth momentum, and added declining investments were a cause for

The International Monetary Fund on Thursday called for a 'policy game changer' in the eurozone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its

The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signaled further bond buying could be in store to help a U.S. economic recovery that it said had lost moment

In view of high inflation and deficient monsoon rainfall, the Reserve Bank may find it difficult to cut the key lending rate to boost the economy as is being demanded by the industry.

The Reserve Bank on Monday hinted at holding on to its elevated rates in the quarterly monetary policy review on Tuesday, saying there are increased risks on inflation scenario and lack of action on the fiscal front.