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India's budget shuns big-bang reforms, say experts

published about 2 hours ago
India's budget shuns big-bang reforms, say experts
The Indian government's budget was praised Sunday as balancing the need to boost business and to help the poor, but some experts were disappointed at a lack of big-bang reforms to Asia's third largest economy. Finance Minister Arun Jaitley announced an $11.3-billion increase in spending on crumbling roads, rail and other infrastructure and cut the corporate tax rate on Saturday, when he unveiled the right-wing government's first full budget. "Given Modi's historic mandate last year, many people had hoped that ... more

DJIA 30 Stocks' Behavior Shows Normality, And That's Good

published about 5 hours ago
DJIA 30 Stocks' Behavior Shows Normality, And That's Good
The DJIA stocks show investor selectivity and sensitivity to facts, the key elements of a normal, sound stock market.

China's manufacturing measure shows contraction for February

published about 7 hours ago
BEIJING (AP) — An index that measures China's manufacturing activity went up slightly in February but still showed contraction amid China's economy slowdown, according to official data released Sunday.

What's 'Dr. Copper's' Next Move?

published about 7 hours ago
What's 'Dr. Copper's' Next Move?
The U.S. dollar's next move is likely to be the most important catalyst for copper in the near future.

China manufacturing shrinks again in February: govt

published about 7 hours ago
China manufacturing shrinks again in February: govt
China's manufacturing activity contracted for the second straight month in February, the government said on Sunday, a day after the central bank announced an interest rate cut to help stem a slump in the world's second-largest economy. The official Purchasing Managers' Index (PMI) released by the National Bureau of Statistics (NBS) came in at 49.9 last month, up a fraction from 49.8 in January, but remaining in contraction. The index, which tracks activity in factories and workshops, is considered a ... more