With plenty of punch, central bankers wait in vain for the world to drink Central bankers usually worry about when to remove the punch bowl of cheap finance but when they gather in Washington, D.C. this week they will face a different problem: how to force the world to drink. Amid a flood of cheap

India Weighs Investing Up to $20 Billion in Iran Energy Industry India may invest as much as $20 billion in Iran’s energy industry and ports and boost imports of crude from the Persian Gulf nation if it gets favorable terms, India’s Oil Minister Dharmendra Pradhan said in an interview. Indian companies are evaluating opportunities to explore for

It’s a Great Time to Buy a Diamond, But Fewer People Want One In the diamond industry, even the crooks are old-fashioned. The ringleaders jailed for a $20 million jewelry heist in London last year were in their sixties and seventies, so it’s no surprise they’d go after the gems. They’re old enough to remember

China exporters expect improved trade performance in 2016: commerce ministry China’s exporters say an unstable yuan exchange rate, rising costs and financial difficulties remain their main problems, but they expect trade performance to improve in 2016 from last year, the commerce ministry said on Thursday. Citing a survey of exporters in 20 Chinese provinces, commerce

Modi’s ‘Make in India’ a success: Moody’s atings agency Moody’s has said that net foreign direct investment (FDI) inflows have hit an all-time high in early 2016, highlighting the success of Narendra Modi’s ‘Make in India’ initiative. The ratings agency said that the FDI inflows have more than financed the current account deficit (CAD) for

WTO cuts 2016 world trade growth forecast to 2.8 percent Growth in world trade will come to 2.8 percent this year, lower than a previous forecast of 3.9 percent, the World Trade Organization forecast on Thursday. It expects trade to rise to 3.6 percent in 2017, breaking through 3.0 percent for the first time in

An Inside Look at Wall Street’s Secret Client List There’s a secret list that Citigroup Inc. keeps on its equity-research desk at its swankcampus in Tribeca. And if you’re not on it — well, you might as well be nobody. At the top is a handful of hedge-fund giants, the “Focus Five,” that bring in

How a Vegetarian Diet Could Help Save the Planet Evangelists of vegetarian and vegan diets are quick to cite growing evidence that reducing meat consumption improves human health in attempt to win over converts. Likewise, climate change activists often cite the strain that animal products place on the environment to advocate for changed practices. Now,

Tough environmental rules do not hamper global exports: OECD Countries with tough environmental policies such as carbon levies and air pollution rules are not at a big disadvantage when trading globally compared with countries that have looser regulations, a study by the OECD said on Thursday. The report comes at a time when lawmakers in

Here To Stay: How Indian-Born Innkeepers Revolutionized America’s Motels In midtown Manhattan, 48Lex towers over the crowded street at its feet. The high-rise, luxury hotel offers a singular experience — serving complimentary wine at happy hour — but it’s just one of 52 hotels owned by Hersha Hospitality Trust. The company, named for founder Hasu