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Last update: Thu, 11 Feb 2016 05am

World - Global Business & Economy

India sees higher growth even after economy loses steam NEW DELHI: India's economic growth slowed in the last quarter of 2015, adding to pressure on Prime Minister Narendra Modi's government to expedite stalled reforms in the next session of parliament when it presents its annual budget.Gross domestic product grew an annual 7.3 percent in the October-December quarter, government data showed on Monday, less than an upwardly revised 7.7 percent in July-September but in line with the forecast in a Reuters poll of economists.That rate of growth was faster than the 6.8 percent posted by China in the same quarter, although many economists say the official data continues to overstate the economy's strength. They point weak exports, railway freight, cement production, investment and flat order books as evidence of weakness.New Delhi also forecast that GDP growth for fiscal year 2015-16 would accelerate to 7.6 percent from a revised 7.2 percent a year earlier. For that forecast to materialise, however, the ...


World - Global Business & Economy

US inflation survey tumbles in red flag for Fed NEW YORK: An increasingly important gauge of US inflation tumbled last month to its lowest level since the Federal Reserve Bank of New York began the survey in mid-2013, in what could be taken as another warning bell for the U.S. central bank.The New York Fed's survey of consumers found expectations for inflation one and three years in the future fell as Americans were more cognizant of lower gasoline prices and costs of medical care ...

World - Europe

Turkey's Erdogan threatened to flood Europe with migrants: Greek website BRUSSELS: Turkish President Tayyip Erdogan threatened in November to flood Europe with migrants if European Union leaders did not offer him a better deal to help manage the Middle East refugee crisis, a Greek news website said on Monday.Publishing what it said were minutes of a tense meeting last November, the euro2day.gr financial news website revealed deep mutual irritation and distrust in talks between Erdogan and the EU's two top officials, Jean-Claude Juncker and Donald ...

World - Middle East

Kerry hopes for talks in weeks on ending Yemen conflict WASHINGTON: US Secretary of State John Kerry said on Monday it may be possible to hold talks over the next few weeks on ending the conflict in Yemen."Over the course of the next week it may become possible to try to engage in some productive conversations about how to bring that conflict to a close," Kerry told reporters after talks at the State Department with Saudi Foreign Minister Adel al-Jubeir. He did not elaborate, saying ...

World - North America

Pentagon praises Canada for boosting training troops in Iraq WASHINGTON: The Pentagon on Monday praised Canada's decision to triple the number of troops training Kurdish forces in Iraq.Canada will end its bombing missions by Feb. 22 but keep two surveillance planes in the region as well as refueling aircraft, and triple the number of soldiers training Kurdish troops in northern Iraq to about 200 from about 70 currently, the government said on Monday.Pentagon spokesman Peter Cook said the decision by Canada added "momentum to ...

World - Europe

Georgia to build $2.5-bln Black Sea port on China's Silk Road TBILISI: Georgia on Monday announced plans to build a new deep-water Black Sea port in a $2.5-billion project that aims to boost trade between China and Europe along the historic Silk Road route.Prime Minister Giorgi Kvirikashvili said the ex-Soviet country had awarded the contract to build the port to a joint venture called Anaklia Development Consortium, made up of Georgia's TBC Holding and US-based Conti International."The project will bring tremendous opportunities for Georgia and the ...

World - North America

'Impactful response' needed on North Korea: White House WASHINGTON: Allies of the United States agree that an "impactful response" is needed following a rocket launch in North Korea over the weekend, White House spokesman Josh Earnest said on Monday."There certainly is an agreement about an impactful response being necessary," Earnest said at a news briefing. "That means considering a range of economic sanctions that would further isolate North Korea."Copyright Reuters, 2016