World economy
China’s Q3 GDP growth picks up to 7.8%
18 Oct 2013
UK retail sales rise exceeds expectations
18 Oct 2013
House steno goes bonkers during US shutdown vote
17 Oct 2013
China’s foreign trade to slow, says ministry
17 Oct 2013
US Congress passes bill to end debt crisis; shutdown ends
17 Oct 2013
The compromise deal ends weeks of political brinkmanship that had unnerved global markets and pushed the US back to the brink of a historic debt default
Switzerland lifts secrecy wall, to share bank account info with other countries
16 Oct 2013
Switzerland has revised its tax laws to allow bank account details to be shared with other countries, including India
Fitch places US on 'AAA' negative rating watch
16 Oct 2013
Fitch says though it believes the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a US default
The US Debt crisis from the Founders' perspective
By By George Friedman | 15 Oct 2013
The US government is paralysed, and we now face the possibility that the United States will default on its debt. Congress is unable to resolve the issue, and President Obama is as obstinate as the legislators who oppose him. By George Friedman. Republished with permission of Stratfor
UN report pegs global economic growth at 2.1% in 2013
15 Oct 2013
For the global economy as a whole, coordinated, demand-driven policies, with no country adopting austerity policies, would deliver better results in terms of growth, a new UNCTAD report stresses
Three Americans share Nobel Prize in Economics
14 Oct 2013
According to Nobel Prize committee, research carried out by the three economists "laid the foundation for the current understanding of asset prices"
Top global bankers warn of financial catastrophe if US defaults
14 Oct 2013
Some of the heads of leading banking giants have warned that a US debt default triggered by a prolonged shutdown would plunge the world into another recession
Red Cross to launch first food distribution programme since WWII in the UK
12 Oct 2013
With rising food costs, the Red Cross will launch its first food aid programme for the UK’s hungry since WWII
Pak court orders Musharraf's re-arrest
11 Oct 2013
Pakistan’s former military ruler Pervez Musharraf's re-arrest comes as an increasingly activist judiciary has challenged the power of the powerful military -- no other former army chief has ever been arrested before
Starbucks launches petitions from customers against government shut down
11 Oct 2013
Starbucks CEO Howard Schultz says he was acting because Americans had no platform from which to voice their frustration and outrage over the shutdown
Nobel Peace Prize awarded to chemical weapons watchdog OPCW
11 Oct 2013
The award recognises active engagement of inspectors of the Organisation for the Prohibition of Chemical Weapons in the work of eliminating chemical weapons in the war zone in Syria
Europe, China strike €45-bn currency swap deal
11 Oct 2013
Libya's Prime Minister Zeidan abducted by unknown gunmen
10 Oct 2013
In an interview with the BBC on Monday, Zeidan had said Libya was being used as a base to export weapons throughout the region, and called on the West to help stop militancy in Libya
Obama picks Janet Yellen to succeed Fed chairman Ben Bernanke
10 Oct 2013
US president Barack Obama yesterday nominated noted economist Janet Yellen as the country’s first woman to take the reins of the Federal Reserve, replacing outgoing chairman Ben Bernanke whose second term ends on 31 January 2014
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