World economy

France looking to ban bonuses at bailout banks

26 Mar 2009

China secretly funding Kevin Rudd’s economic rescue plan

26 Mar 2009

Last Saturday Australian PM Kevin Rudd had a secret meeting with the fifth-most powerful member of China's nine-person ruling politburo standing committee

IBM slashing 4,000 US jobs, may outsource many of them to India

26 Mar 2009

US home sales rebound in February

26 Mar 2009

Agilent Technologies to lay off 2,700 employees

26 Mar 2009

Downturn bottoming out, says Australian banker

26 Mar 2009

House Democrats urge $100-billion cut in Obama's budget

26 Mar 2009

US president Barack Obama faces opposition from his own party as he pushes for approval of a $3.6-trillion budget for the fiscal 2010.

American footwear retailer DSW posts wider-than-expected Q4 loss

25 Mar 2009

US pharmaceutical company Hospira to cut 10 per cent of workforce

25 Mar 2009

IMF eases lending rules, creates new line of credit

25 Mar 2009

The International Monetary Fund today overhauled its lending framework by easing credit conditionalities and also announced the creation of a new flexible line of credit.

Japan's trade nearly halves in February

25 Mar 2009

After rising crude declines to $53 levels as dollar hardens

24 Mar 2009

China wants SDR to replace dollar as global currency

24 Mar 2009

China has called for the creation of new global currency by the IMF to replace the US dollar

Japan Inc wants another 30-trillion yen economic measures

23 Mar 2009

Japan’s No.1 bank Mitsubishi UFJ to cut down on branches, employees

23 Mar 2009

USCIS to accept H-1B visa applications till 7 April

23 Mar 2009

Bailing out Japan Inc: JBIC’s operating charter to be modified

23 Mar 2009

As the global economic downturn devastates Japan’s exports, the Japanese government is moving to tweak the charter of the Japan Bank for International Cooperation in a bid to keep Japan Inc.’s operations afloat.

EIU report warns recession may spark public disorder globally

23 Mar 2009

Crude futures rise above $52 in Asian trade

23 Mar 2009

China may act spoilsport at G20 meet: reports

21 Mar 2009

US regulators take control of two credit union clearinghouses

21 Mar 2009

China, others back Russia’s alternative to dollar

21 Mar 2009

Russia says its proosal for a discussion on creating a new world reserve currency replacing the dollar has the support of China and several other emerging economies

Positive growth in China, India won’t check global recession, says OECD

21 Mar 2009

US sets new H-1B hiring norms for companies on bailout programme

21 Mar 2009

Kuwait cancels second refinery project

21 Mar 2009

The refinery is no longer economically viable as oil prices have fallen more than 50 per cent from their peaks