World economy

FDIC hikes 2010 budget to $4 billion

16 Dec 2009

Climate deal on the rocks as rifts widen

16 Dec 2009

The US  says that it will not be a party to any agreement that relieves the developing nations including China of any commitments

OPEC raises 2010 world oil demand forecast

16 Dec 2009

The OPEC outlook for 2010 is positive following one of the worst years of global oil demand, as the global economy is poised for 2.9 per cent expansion in the year following the 1.1-per cent contraction in 2009

Localisation and creativity keys to success in Chinese market, says envoy to Beijing

15 Dec 2009

Obama exhorts bankers to lend liberally to discharge bail-out obligations

15 Dec 2009

Outraged African nations stall, resume climate talks

15 Dec 2009

UN climate negotiations at Copenhagen were suspended after developing countries staged a walk out in protest against a perceived attempt on the part of their Danish hosts to sideline talks on additional emission cuts under the Kyoto Protocol.

Copenhagen talks in limbo as poor nations walk out

14 Dec 2009

The climate talks in Copenhagen were suspended on Monday after poor nations and developing countries walked out of the summit, accusing rich countries of trying to wreck the existing Kyoto Protocol.

India sets 15 December deadline for negotiations at Copenhagen

14 Dec 2009

India has set a clear deadline for all negotiations at Copenhagen, saying they must be firmed up by 15 December as the PM won’t be arriving there to negotiate.

Abu Dhabi bails out Dubai World with $10 billion loan

14 Dec 2009

The Dubai government today said that it has received $10 billion from Abu Dhabi to help the state-owned conglomerate Dubai World group repay its debts, some of which mature today

Copenhagen: US, China square up for the finale

12 Dec 2009

The world’s two worst polluters – China and the United States - have begun sparring over respective negotiating positions with an intensity that belies earlier expectations of a spirit of accommodation at the Copenhagen climate summit.

Major developing countries must play big role in climate deal:US

12 Dec 2009

Negotiators at Copenhagen have already fired the first shots of what is expected to be a bitter dispute between the ‘developed’ and ‘developing’ nations over a successor pact to the Kyoto Protocol.

Pay czar caps Citibank, AIG, GM staff remuneration

12 Dec 2009

US House formulates new lending and credit rules

12 Dec 2009

123 Agreement delays impact India’s 2020 n-power targets

11 Dec 2009

123 Agreement impasse to resolve soon: USIBC

11 Dec 2009

The US-India Business Council has said that all talks with the US on ‘arrangements and procedures’ of the bilateral nuclear deal are expected to be completed within a week or two.

NBN to be ‘enabling platform’ to drive innovation, productivity in Austrralia: Stephen Conroy

11 Dec 2009

Sarkozy, Merkel hail Darling’s move to impose bank bonus tax

11 Dec 2009

Switzerland keeps rates unchanged; stops bond purchase

11 Dec 2009

US n-firms feel the New Delhi chill

10 Dec 2009

Developing nations see red in Danish draft seeking unacceptable limits on emissions

10 Dec 2009

Russia to build 12-14 n-reactors in India

10 Dec 2009

The freshly signed civil nuclear pact with Russia will allow it to land contracts for the construction of between 12-14 n-reactors in India.

UK trade deficit widened to £7.1 billion in October

10 Dec 2009

Geithner for extending TARP till October 2

10 Dec 2009

BoA repays $45 billion TARP funds

10 Dec 2009

The bank also paid the government $190 million in accrued dividends on the repurchased preferred securities.

Nakheel reports 7.2-per cent rise in debt, shrinking assets

09 Dec 2009