World economy

Suu Kyi aide Htin Kyaw elected Myanmar's first civilian president since '62

15 Mar 2016

Myanmar's parliament elected a close friend and confidant of Nobel laureate Aung San Suu Kyi as President on Tuesday, making Htin Kyaw the country's first head of state  since the 1960s who does not hail from a military background

Millions take to streets in Brazil anti-graft protests

14 Mar 2016

Merkel on back foot as far-right AfD makes major gains

14 Mar 2016

The anti-immigration Alternative for Germany party looked set to get a foothold in three regional parliements even as Chancellor Angela Merkel hammers out a deal with Turkey to stem the flow of migrants

UK government plans to sell failed Bradford & Bingley’s mortgages worth $23 bn

14 Mar 2016

World Bank needs to change with global economy: Modi

12 Mar 2016

India does not follow  “beggar thy neighbour” macro-economic policies or try to gain in trade at the expense of its partners, Prime Minister Narendra Modi said at a conference

World Bank needs to change with global economy: Modi

12 Mar 2016

India does not follow  “beggar thy neighbour” macro-economic policies or try to gain in trade at the expense of its partners, Prime Minister Narendra Modi said at a conference

ECB cuts repo rate to 0%, expands asset buys in new monetary push

11 Mar 2016

The European Central Bank has also increased its monthly asset buys to €80 billion from €60 billion in a bid to boost consumption and inflation

Tax department wins battle against banks’ tax scheme

10 Mar 2016

Suu Kyi nominates aide Htin Kyaw for Myanmar president

10 Mar 2016

Sanders pips Clinton in Michigan, Trump marches on

09 Mar 2016

Bernie Sanders breathed new life into his long-shot White House bid with a crucial win in Michigan's primary on Tuesday night, chipping away at Hillary Clinton's dominance in the Democratic presidential race

EU pins hopes on Turkey to resolve migrant crisis

08 Mar 2016

EU leaders have met Turkish Prime Minister Ahmet Davutoglur in a bid to solve the refugee crisis that has divided Europe, but troubled by having to seek favours from a government that scorns their ideas of human rights

Former Brazilian president Lula detained for questioning

05 Mar 2016

The action marks the highest profile development in a two-year-old graft probe related to the state oil company Petrobras, and an anti-climax to Lulla’s rise to power 13 years ago as the champion of the poor

China’s defence outlay to cross $150 bn for first time

04 Mar 2016

UNSC imposes tighter sanctions on North Korea over arms threat

03 Mar 2016

Moody’s downgrades Chinese government debt to negative

02 Mar 2016

Moody's today downgraded its outlook on Chinese government debt to "negative" from "stable" , citing uncertainty over authorities' capacity to implement economic reforms, due to government debt and declining reserves

Trump, Clinton on course for showdown with 7 wins each

02 Mar 2016

Republican Donald Trump and Democrat Hillary Clinton won seven of eleven states each on ‘super Tuesday’ to put themselves well ahead of their rivals and head for a presidential showdown

Rouhani’s reformist partners set to sweep Iran

01 Mar 2016

Moderates and reformist candidates allied to President Hassan Rouhani are on course to win all 30 seats in Tehran and make strong gains elsewhere, signalling a legislature that will be amenable to pragmatic policies

Guns fall silent as Syria ceasefire begins

27 Feb 2016

The truce for all practical purposes is limited to Moscow’s assurance to Washington that it would not bomb the "moderate opposition" in Syria fighting the Assad regime till the ceasefire holds

Early poll results show Iran moderates in the lead

27 Feb 2016

Coming just a month after sanctions were lifted under Iran's nuclear deal with world powers, the outcome of the vote is being seen as a de-facto referendum on President Hassan Rouhani's government

Halliburton to cut another 5,000 jobs to tide over

26 Feb 2016

When the lay-offs are effected, Halliburton would have cut its workforce by between 26,000 and 27,000 employees since the peak in 2014

Anti-Brexit campaign notches early gains, pound recovers

24 Feb 2016

The lines  in the House of Commons debate were unusually blurred, with as many as seven cabinet ministers arguing for a Brexit while Prime Minister David Cameron made a strong appeal for Britain to stay in the European Union

Vienna remains world’s best city to live in

24 Feb 2016

Pound plummets as London Mayor Boris Johnson backs Brexit

23 Feb 2016

The pound sterling saw its biggest drop in more than a year against the dollar today, hours after the popular London mayor Boris Johnson (BoJo) lent his considerable weight to Brexit - Britain departing from the European Union

US, Russia announce truce as war reduces Syria to ruins

23 Feb 2016

Russia and the United States have announced a landmark truce in war-torn Syria, which would take effect from Saturday

Cameron wrests ‘special status’ package to avert Brexit

20 Feb 2016

After two days and nights of negotiations, Prime Minister David Cameron now faces the equally daunting task of convincing cabinet colleagues, former supporters and British voters to stay in the EU ahead of the June referendum