World economy
World Bank, IMF welcome China’s AIIB plan
23 Mar 2015
Allaying fears that the new bank will be a competitor to the World Bank, the IMF or existing regional development banks, World Bank managing director Mulyani Indrawati says that the global need of infrastructure is huge and the market is large enough
World Bank, IMF welcome China’s AIIB plan
23 Mar 2015
Allaying fears that the new bank will be a competitor to the World Bank, the IMF or existing regional development banks, World Bank managing director Mulyani Indrawati says that the global need of infrastructure is huge and the market is large enough
The world may face 40 % water shortfall by 2030: UN report
21 Mar 2015
The United Nations (UN) has warned that the world will suffer a 40-per cent shortfall of potable water in 15 years unless people and nations dramatically change the way they use water
Beijing paper blasts Modi govt’s ‘regional ambitions’
21 Mar 2015
India is determined to gain a dominant position in the Indian Ocean region by enhancing military and security cooperation in the area, a leading English daily in Beijing said today following Prime Minister Narendra Modi's visit to Seychelles, Mauritius and Sri Lanka
California prepares $1-bn package for drought relief
19 Mar 2015
With the US state facing one of its worst droughts and no relief in sight from the weather, the government is resorting to water rationing while finalising a relief plan
Fed delays rate hike amidst an economic downturn
19 Mar 2015
While slashing its inflation outlook for 2015 and reducing expected U economic growth, the Fed indicated it prefers a more gradual path to normalizing interest rates
OECD raises global growth forecast; India to be fastest-growing major economy
19 Mar 2015
In its latest interim economic assessment released yesterday, the Organization for Economic Cooperation and Development said that India is expected to be the fastest-growing major economy over the coming two years
California will run out of water in a year, warns NASA expert
18 Mar 2015
As California experiences the fourth year of one of the most severe droughts in recorded history, a senior NASA scientist has warned that the American state has only about one year of water left
Major US allies set to join new China-led global lender
17 Mar 2015
Major European allies of the United States, including France, Germany and Italy, have agreed to join the China-led Asian Infrastructure Investment Bank (AIIB)
India offers Sri Lanka $1.5-bn currency swap facility
14 Mar 2015
India and Sri Lanka have agreed to wide-ranging cooperation, including currency stabilisation, infrastructure, energy security, tourism and deeper cooperation in the “ocean economy”
India unhappy at sentencing of Maldives ex-President Nasheed
14 Mar 2015
In a court hearing late on Friday night, Nasheed, the country's first democratically elected leader, was charged under the Anti-Terrorism Act of 1990
China’s Feb data add to deflation worries
10 Mar 2015
ECB’s monetary expansion sinks euro below $1.08; rupee wilts
10 Mar 2015
While most major banks expected the US dollar to gain parity with the euro by next year or the latest by 2017, the launch of eurozone quantitative easing seems to have quickened the pace
Argentina wants HSBC to return $3.5 bn ‘black’ money
10 Mar 2015
If HSBC clients were forced this year to pay taxes they evaded, the windfall would come at an opportune moment for Argentina's cash-strapped government
Global food prices at 5-year low even as Indians see inflation
10 Mar 2015
Global food prices fell to a near five-year low in February this year on increased supply of key food items and a strong US dollar, according to the UN Food and Agriculture Organisation
Leipzig varsity bars Indian from internship over rape issue
10 Mar 2015
Indian men have earned a bad rap abroad - a professor from the respected Leipzig University in Germany last week denied internship to an Indian student due to the "rape problem in India"
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