World economy

Falling incomes hit UK's elderly the hardest: Aviva

Falling incomes hit UK's elderly the hardest: Aviva

11 Jul 2012

The average personal savings of those above 75 in the UK saw a 40-per cent erosion in just two years due to rise in the cost of living

Euro zone to lend $37bn to Spain’s distressed banks

10 Jul 2012

Bangladesh may join TAPI gas pipeline project

10 Jul 2012

Interpol fugitive drags Russian oligarch to London court

10 Jul 2012

Growth in India, China slowing further: OECD

09 Jul 2012

China ‘second-class enemy' of India: Ratan Tata

09 Jul 2012

China reacts mildly to US complaint at WTO

07 Jul 2012

Britain’s SFO launches criminal probe into Libor fixing scam at Barclays

07 Jul 2012

Opposition's pledge to junk carbon tax fails to enthuse Australian businesses

Opposition's pledge to junk carbon tax fails to enthuse Australian businesses

07 Jul 2012

Fewer than a quarter of the biggest heavy greenhouse gas-emitting companies in Australia, support opposition leader Tony Abbott's pledge to repeal the controversial carbon tax

IMF to pare global growth forecasts: Lagarde

07 Jul 2012

Donor nations set to pledge $15-bn in Afghan aid

07 Jul 2012

China cuts key lending rate to 6 per cent to spur growth

China cuts key lending rate to 6 per cent to spur growth

05 Jul 2012

The rate cut, which would be effective tomorrow, comes close on the heels of the reduction in lending rates announced on 7 June 2012

ECB cuts key interest rate by 25 bps to 0.75 per cent

ECB cuts key interest rate by 25 bps to 0.75 per cent

05 Jul 2012

ECB also reduced its deposit rate to zero, thereby helping banks in need to borrow from the central bank and lend to other banks in the overnight money market

BRIC economies comprise 20 % of global economic output

05 Jul 2012

Eurozone bank balance sheets to shrink by €1.6 trillion in 2012: Ernst & Young

04 Jul 2012

India ranked 64 in global innovation; 2nd in innovation efficiency after China: report

04 Jul 2012

Barclays chief resigns over Libor scandal

Barclays chief resigns over Libor scandal

03 Jul 2012

According to Diamond, the deliberate misrepresentation of facts had been done with the connivance of the Bank of England, in the national interest of averting a run on the bank

Negotiations behind US sanctions against Iran

Negotiations behind US sanctions against Iran

03 Jul 2012

The sanctions applied thus far certainly have complicated Iran's day-to-day business operations. However, Iran is well versed in deception tactics to allow itself and its clients to evade sanctions and thus dampen the effects of the US campaign. By Stratfor Middle East analyst Reva Bhalla. Republished with permission of STRATFOR

Global manufacturing down in June to lowest in 3 years: PMI

03 Jul 2012

Thousands protest as Hu swears in new Hong Kong leader

Thousands protest as Hu swears in new Hong Kong leader

03 Jul 2012

Tens of thousands of pro-democracy protesters marched in the streets of Hong Kong, hours following the swearing in of the city’s new leader Leung Chun-ying by Chinese president, Hu Jintao

Australia launches controversial carbon tax

Australia launches controversial carbon tax

02 Jul 2012

The carbon pricing in Australia applies to nearly 300 of the country’s largest entities that emit more than 25,000 tonnes of greenhouse gases annually

EU summit agrees on banking union; €120-bn growth plan

EU summit agrees on banking union; €120-bn growth plan

30 Jun 2012

The two-day summit of the leaders of the European Union in Brussels ended yesterday with a landmark agreement on unified banking which will facilitate direct recapitalisation of struggling banks from the EU’s bailout funds

Positive sovereign ratings of emerging Asian nations falter

28 Jun 2012

EU issues €2.3-bn bond to support Ireland

EU issues €2.3-bn bond to support Ireland

28 Jun 2012

The European Union yesterday cleared a €2.3-billion fund for Ireland by placing a benchmark 15-year bond, as part of its rescue package

French prosecutor wants rogue trader Kerviel to serve five years in prison

28 Jun 2012

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