Business

Urjit Patel competent economist: Arun Jaitley

While Patel is described as the chief architect of the report on the monetary policy framework, it must be noted that the new framework also has a lot of imprint of the incumbent governor Raghuram Rajan, who believes that high inflation and high growth can not co-exist.

Business

Bill Clinton defends embattled family foundation

In addition, reports say that Clinton, while being questioned by the Federal Bureau of Investigation, declared that she was advised by her predecessor Colin Powell to use a private email system as secretary of state. After another outburst minutes later, Trump was not as gracious. "These are very, very, very little energy". Consider, for example, what would be an ideal scenario for Trump: white men with below-average incomes showing up in record numbers on Election Day.

Business

40798 acres burned Chimney Fire at 39 percent containment

The fire burning in northern San Luis Obispo County has charred 43,633 acres and is at 39-percent containment. Overnight, the fire's behavior remained extreme, burning in steep terrain. 45 structures were confirmed destroyed. "It's a slow fire right now". The fire is burning through drought-stricken farmland, which is a mix of grass, brush and oak trees.

Business

Orders for US durable goods rebounded in July

While the main reason for the turnaround was a rebound in civilian aircraft orders - a large but volatile part of the total each month - orders for durable goods excluding the dominant transportation sector were also higher by 1.5 percent. U.S. durable goods orders, defined as those meant to last for more than three years, grew by 4.4% month-on-month to reach $208.114bn, according to the Department of Commerce .

Business

Oil Prices Continue Fall After Build in US Crude Stock Piles

Now, prices are once again testing $50, but the rally has lost momentum as disrupted supplies from Nigeria and Iraq threaten to come back online. Tehran's refusal to go along led to the collapse in April of previous talks between OPEC and Russian Federation on freezing production.

Business

Asian stocks in summer lull as markets await Yellen speech

France's CAC 40 rose 0.7 percent to 4,419 while Germany's DAX climbed 0.7 percent to 10,570. Britain's FTSE 100 added 0.5 percent to 6,863.07. The Dow moved 17.88 (+0.10 percent) to finish at 18,547.30. Futures on the China A50 Index were little changed in their most recent trading, while those on the Hang Seng Index slipped 0.4 percent. Australia's S&P/ASX 200 Index gained 0.3 percent.