World economy

Once-bankrupt Fannie Mae reports record $17.2 bn profit for 2012

03 Apr 2013

Musharraf wants elections under army supervision

03 Apr 2013

Queen gets a £5-mn pay hike

Queen gets a £5-mn pay hike

03 Apr 2013

Queen Elizabeth II, who has long been complaining that she is too starved of funds to afford the upkeep of Buckingham Palace, has been granted a hike of £5 million in the funds she receives from the taxpayer

India, Eurasian Economic Commission mull CECA

02 Apr 2013

Nasdaq buys eSpeed trading platform for $750 mn

Nasdaq buys eSpeed trading platform for $750 mn

02 Apr 2013

The acquisition of eSpeed will give Nasdaq OMX a strong entry point in the electronic fixed income business - one of the largest and most liquid cash markets in the world

China factory activity picks up gauges show

01 Apr 2013

UK sees six-fold increase in the counterfeit electrical goods seized

30 Mar 2013

US firms in China report data theft

30 Mar 2013

UK on road to recovery, avoids triple-dip recession: OECD

30 Mar 2013

Energy subsidies reform can boost growth: IMF

30 Mar 2013

Global economic growth to accelerate in H1 2013: OECD

Global economic growth to accelerate in H1 2013: OECD

30 Mar 2013

The financial markets are out-pacing real growth, which has been held back by weak business and consumer confidence

FSA censures Prudential chief Tidjane Thiam

28 Mar 2013

World Bank ready to work in tandem with proposed BRICS bank

28 Mar 2013

World Bank ready to work in tandem with proposed BRICS bank

28 Mar 2013

Banks to reopen in Cyprus today but withdrawals to be restricted

28 Mar 2013

BRICS summit: China, Brazil to start trading in own currencies

BRICS summit: China, Brazil to start trading in own currencies

26 Mar 2013

The two countries plan to bring around $30 billion worth of their annual bilateral trade under their own currencies, taking out about half of their bilateral trade from the ambit of the US dollar

Chinese president Xi promises cooperation with African nations

26 Mar 2013

Apple helps Hon Hai post record quarterly profit

26 Mar 2013

Bank of Cyprus chairman resigns amidst squeeze on banks

Bank of Cyprus chairman resigns amidst squeeze on banks

26 Mar 2013

Ratings agency Moody's estimates Russian bank loans to Cyprus-based companies of Russian origin at $30-40 billion

Demand for wastewater treatment rising in water ravenous Middle East, N Africa

26 Mar 2013

BRICS to discuss global growth, stability at Durban

BRICS to discuss global growth, stability at Durban

25 Mar 2013

India will also urge faster movement on reform of multilateral institutions like the World Bank and the IMF, Prime Minister Manmohan Singh said in a statement ahead of his departure

Cyprus agrees to new EU bailout deal

Cyprus agrees to new EU bailout deal

25 Mar 2013

Cyprus agreed to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a €10-billion bailout

Fitch places UK on rating watch negative

Fitch places UK on rating watch negative

23 Mar 2013

Global ratings firm Fitch Ratings moved a step closer to stripping the UK of its top credit raing after chancellor of the exchequer George Osborne said debt would increase more than previously forecast

BRICS set to endorse reserves pool, development bank

BRICS set to endorse reserves pool, development bank

22 Mar 2013

The framework agreement envisages grant of credits in local currencies and cooperation in capital markets and other financial services in BRICS markets

China’s economy to expand 8.5 % in '13, to overtake US in '16: Report

22 Mar 2013

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