World economy

UK economy performs worse than expected in 4Q '11

UK economy performs worse than expected in 4Q '11

29 Mar 2012

Britain suffered a greater shrinkage in its economy than earlier estimated, in the last quarter of 2011, with a weakening services sector adding to concerns about its  return to growth in early 2012

BRICS to boost intra-group co-operation

BRICS to boost intra-group co-operation

28 Mar 2012

The five BRICS nations plan to cross-list their stock exchanges to facilitate stock buying in local currencies and set up a joint development bank on the lines of the World Bank

China clamps down on iPad smuggling trade

27 Mar 2012

Merkel agrees to hike bailout for eurozone

27 Mar 2012

UK govt may sell part stake in RBS to Abu Dhabi: BBC

UK govt may sell part stake in RBS to Abu Dhabi: BBC

27 Mar 2012

The UK government holds 83-per cent stake in RBS, and at current market prices the holding is worth £13.5 billion, far below the £45.5 billion it had paid to bail out the bank in late 2008 and early 2009

BRICS propose to create own multilateral bank

BRICS propose to create own multilateral bank

24 Mar 2012

The plan, details of which are still being worked out, aims at promoting direct trade and loans using local currencies so as to reduce reliance on the dollar and guard against global volatility

Cable confirms meeting with US officials to discuss oil stockpiles

24 Mar 2012

PM to focus on bilateral talks wit S Korea

24 Mar 2012

Pipeline draws Iran, Pakistan, Afghanistan closer

Pipeline draws Iran, Pakistan, Afghanistan closer

24 Mar 2012

Pakistani leaders across the political divide have urged the government to drop the pipeline project under US pressure

World Bank approves $1.1-bn loan for expansion of Pakitan's Tarbela dam

22 Mar 2012

Iran curbs could push crude prices by 30 per cent: IMF chief

Iran curbs could push crude prices by 30 per cent: IMF chief

21 Mar 2012

India, China, Japan and South Korea are heavily dependent on Iran for meeting their crude oil requirements and oil prices rising over $162/barrel would have implications for the global economy

US exempts Japan, 10 EU nations from Iran oil sanctions

US exempts Japan, 10 EU nations from Iran oil sanctions

21 Mar 2012

US officials say the exemptions are intended to convey a strong message to China,  India and South Korea that they too could avoid the new US sanctions by curtailing their imports of Iranian crude by the end of June

IMF chief lauds China’s efforts to rebalance economy

IMF chief lauds China’s efforts to rebalance economy

19 Mar 2012

China has lowered its growth target of 7.5 per cent this year against 8 per cent in past years, partly reflecting the problems in major export markets such as the EU and the US

Sweden tells Pakistan to abort Iran gas pipeline plan

17 Mar 2012

UK consumer groups call for total ban on doorstep selling by electricity suppliers

17 Mar 2012

EU blocks payment gateway for Iran

EU blocks payment gateway for Iran

17 Mar 2012

The move comes after the European Council confirmed it was banning all forms of financial transactions with blacklisted Iranian firms

China’s BoCom to raise $8.9 bn in private placement to boost capital

16 Mar 2012

Chinese Communist Party replaces prominent Politburo member following political scandal

15 Mar 2012

Fitch warns of risk to Britain’s top grade credit ratings

15 Mar 2012

Sir Richard Branson wants special loans for young entrepreneurs

14 Mar 2012

US to turn heat on China over rare earths exports

13 Mar 2012

Asian currencies weaken on slowing China growth

12 Mar 2012

FAO sees 2012 world wheat production at near-record 690 million tonnes

12 Mar 2012

US adds Vatican to potential money laundering centres list

US adds Vatican to potential money laundering centres list

10 Mar 2012

In its annual International Narcotics Control Strategy  report, the US State Department has listed the Vatican in the second category as a "jurisdiction of concern"

US jobs report better than expected

09 Mar 2012

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