India's inflation is set to fall below 5%

Note: This section contains information in English only.
Source: RTT News
Wholesale price inflation in the Asian third largest economy is set to moderate to a level below 5% as fruit, vegetables, meat, eggs and mild prices are elevated and are pushing the inflation rate higher, the country' finance minister said on Thursday. India's inflation advanced 7% on a monthly basis in October from a level of 6.46% recorded in September.

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Thu, 21 Nov 2013 11:44:08 GMT

U.S. business inventories rise faster than forecast in September

Business inventories in the world's largest economy advanced at a faster rate than economists originally predicted in September, the latest data published by the Commerce Department revealed on Wednesday. The data showed that business inventories added 0.6% in September following a 0.4% gain in the month before, while it was predicted to rise 0.3%.

Thu, 21 Nov 2013 11:22:16 GMT

BoJ maintains its monetary framework unchanged on Thursday

The Bank of Japan's Governor Haruhiko Kuroda and the bank's officials maintained the loose monetary policy unchanged on Thursday's meeting mainly due to signs of moderate recovery as exports gathers momentum. Japan's central bank kept its monetary framework unchanged aiming at two percent inflation target in a two-year period by doubling the money base.

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