Stories about Economy

Nov 30 2016

Zimbabwe outdoors bond notes equal to United States dollar to cure cash crunch

The central bank's proposed workaround is to offer Zimbabwean producers a 5 percent bonus on the value of what they export in USA dollars. The RBZ said it will initiall...

Nov 28 2016

RBI Introduces Incremental CRR To Manage Excess Liquidity In Banking System

According to Pranjul Bhandari, chief economist, HSBC, so far the RBI had been relying exclusively on the reverse repo window for absorbing liquidity and over Rs 5 lakh cr...

Nov 26 2016

Lufthansa pilots' union rejects latest offer, suspends strikes

The company has offered the pilots an annual average pay increase of 2.5 percent over a six-year period until 2019 and says that the pilot walkouts are costing around US$...

Nov 25 2016

Juno Therapeutics halts study after more patient deaths

They now have $30.00 target price on the biopharmaceutical company's stock. Historical Quarterly Earnings: Last quarter, Juno Therapeutics Inc . generated almost $20.8...

Nov 24 2016

Lilly Alzheimer's drug fails in latest study

The results of the trial "were not what we had hoped for and we are disappointed for the millions of people waiting for a potential disease-modifying treatment", said Joh...