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
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.
US House formulates new lending and credit rules
12 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.
US n-firms feel the New Delhi chill
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.
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.