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India’s inflation eases more than expected

  Bloomberg India’s inflation grew at its slowest pace in two years as Prime Minister Narendra Modi’s move to scrap high-value currency notes dented demand. Consumer prices rose 3.63 percent in November from a year earlier, the Statistics Ministry said in a statement in New Delhi on Tuesday. That compares with the 3.9 percent median estimate in a Bloomberg survey ...

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Global coal use to stall as India props up growth

  Bloomberg Coal demand will “stall and plateau” over the next five years as declines in Europe and North America are offset by growing consumption in India and southeast Asia, according to the International Energy Agency. The fuel’s share of total electricity generation will fall to 36 percent in 2021 from more than 41 percent in 2013, the Paris-based agency ...

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IMF urges more reforms in Spain to keep up recovery

  Bloomberg Spain must make further efforts to reduce long-term unemployment and continue its budgetary adjustment process, the International Monetary Fund said, while noting that the nation’s economic recovery remains robust. In its concluding statement after its assessment of the country’s economic performance, the Washington-based institution said Spain witnessed an “impressive recovery” helped by reforms, fiscal loosening and the European ...

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