World economy
China’s economy grew 7.9 per cent in fourth quarter
18 Jan 2013
China's economy registered a 7.9-per cent growth in the fourth quarter of last year from a year earlier, rebounding after seven straight quarters of slowdown
Pak’s anti-graft watchdog comes to PM’s rescue
17 Jan 2013
The head of Pakistan’s anti-corruption wing has defied a Supreme Court order to arrest Raja Pervez Ashraf, citing lack of evidence against the prime minister
Germany to retrieve $36 bn of gold from US, French central banks
17 Jan 2013
Germany has the second-largest gold reserves in the world after the US with nearly 3,400 tonnes at the end of 2012, valued at approximately $184 billion at current market prices
German economy shrinks in Q4
16 Jan 2013
Fitch warns US of credit rating review
16 Jan 2013
Global credit ratings agency Fitch Ratings yesterday warned the US, that it could lose its top credit rating for the second time if there was a delay in raising its debt ceiling.
US Fed plans further quantitative easing
15 Jan 2013
The Fed plans to increase its monthly purchase of bonds to $85 billion from the current $ 40 billion
Pak SC orders arrest of PM Ashraf
15 Jan 2013
The Pakistan Supreme Court today ordered the arrest of Prime Minister Raja Pervez Ashraf in the Rs2,200 crore Rental Power Projects (RPP) scam
IRS watchdog urges tax code simplification
12 Jan 2013
US December deficit lowest in five years
12 Jan 2013
The US government budget deficit contracted to its best December monthly result in five years, on higher revenue, lower spending and calendar-driven shifts in some payments
Yen drops against dollar in losing streak
12 Jan 2013
The yen was down against the dollar in its longest losing streak in almost a quarter-century on speculation that the new government was preparing measures to stimulate the economy that may debase the currency
At £65,738 a year, UK MPs feel underpaid
11 Jan 2013
China inflation rises to 2.5 % in December
11 Jan 2013
Japan to spend $116 bn to recover from recession
11 Jan 2013
Japan is also in the process of adjusting its foreign policy following the electoral victory of the Liberal Democratic Party (LDP), which brought Shinzo Abe back to the premiership for the second time.
China’s exports rise beating forecasts
10 Jan 2013
Half the world’s food output is wasted: study
10 Jan 2013
The report, ‘Global Food; Waste Not, Want Not’, suggested that half the food bought in Europe and the US was thrown away while the worldwide figure is well over 30 per cent
UBS top banker admits banks were “too arrogant”
10 Jan 2013
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