India's economic gloom deepened on Wednesday as figures showed a record low rupee is adding to Reserve Bank of India's (RBI) inflation headache and an adviser to the prime minister said there was little that could be done to check the currency's slump.
India's wholesale prices rose more than expected in November, leaving inflation stubbornly high and suggesting the RBI would hold rates steady at its review on Friday even as worries grow over the health of the economy.
China pledged to guarantee growth in the face of an extremely grim outlook for the global economy in 2012, as its annual policy-setting conference closed on Wednesday with a series of commitments to deliver economic stability.
India's headline inflation likely eased in November to 9.04 percent from 9.73 percent the month before as food prices fell to their lowest in nearly three-and-a-half years, a Reuters poll showed.
Target Corp's impending arrival in Canada, paired with Wal-Mart Stores Inc's expanding grocery business in the country, will help slow food inflation next year and keep established grocers under pressure, researchers said on Monday.
India's industrial output fell in October for the first time in more than two years as capital goods investment slumped, ramping up pressure on the central bank to ease monetary or liquidity conditions, possibly as soon as Friday.
China's industrial output growth dropped in November to its slowest pace in more than two years and inflation tumbled as economic conditions deteriorated, raising expectations that Beijing will pursue a more pro-growth policy to support jobs.
China's industrial output growth hit its slowest pace in more than two years in November and inflation tumbled as economic conditions deteriorated, raising expectations Beijing will ease monetary policy again.
Food inflation in the country has eased, sharply, to 6.60 percent from 8.00 percent in the previous week, in the year to Nov. 26, according to government data released on Thursday.
South Korean automobile manufacturers, Hyundai Motor (005380.KS), will raise prices of its cars in India by about 1.5 to 2 percent from January, the firm said on Wednesday, as it combats high inflation, rising fuel costs and a weaker rupee.
India gold, which traded steady Monday, is likely to near the all-time high helped by safe haven buying, and silver is likely to follow suit, analysts said.
India's moderating growth will help to ease inflationary pressure in the country, deputy governor of the Reserve Bank of India Subir Gokarn said on Saturday.
State-run oil firms will cut petrol prices by Rs. 0.78 (1.5 cents) a litre, or approximately 1.2 percent, from Thursday, Indian Oil Corp. (IOC) said. This will be the second cut this month, reflecting global prices and potentially easing near double-digit inflation.
India's Food Price Index rose 8 percent, which is its slowest pace in nearly 4 months, and the Fuel Price Index climbed 15.53 percent in the year (calculated till Nov. 19), government data released on Thursday showed.
U.S. workers in the nonfarm business sector increased their productivity between July and September by the most in a year and a half, but grew at a slower rate than initially expected.
A November note from the Conference Board placed consumer confidence in the U.S. at a four-month high of 56.0, from a low of 40.9 in July. Most startlingly, however, the Consumer Confidence Index (CCI) soared to its largest month-over-month percentage gain since April, 2009 and its largest single points gain since April, 2003.
Consumer confidence bounced back from a 2-1/2 year low in November as apprehension about job and income prospects eased, according to a private sector report released on Tuesday.
Simone Bora is contemplating the unthinkable - an Indian wedding without lavish amounts of gold - after record high prices and a sinking rupee dimmed her hopes of sparkling at the party.
Is the U.S. Federal Reserve likely to purchase more securities as part of a plan to help jump-start U.S. GDP growth? It is, if a survey of key bond dealers is accurate.
India's growth story is still credible and the move to open up the economy to global supermarket chains will help growth and control inflation, says RBI Governor Duvvuri Subbarao.
Japan's core consumer prices fell for the first time in four months in the year to October after a cigarette tax hike a year ago dropped out from calculations revealing persistent deflation caused by chronically weak domestic demand.
India gold prices are likely to fall more than 3.5 percent from its peak after a 16 percent rally last quarter as investors resort to year-end profit-taking while tepid wedding demand weighed.
