World economy
Oil plunges to below $92 on eurozone woes
19 May 2012
Crude oil stretched its third weekly decline dropping to $91.80 a barrel on Friday due to the deepening euro zone debt crisis and concerns of a slowdown in China, the world’s second-largest economy
Greece warned of bleak future with euro exit
19 May 2012
Japan’s GDP grows 4.1 per cent in Q1
17 May 2012
The Japanese economy registered a higher-than expected annualised growth of 4.1 per cent in the first quarter of 2012, amid mounting concerns of the European debt crisis and the Greek turmoil
Firm action sought against software piracy
17 May 2012
The commercial value of pirated software in the US amounted to nearly $10 billion, exceeding China's illegal software market of $9 billion last year
Exports to EU slide but UK deficit down
17 May 2012
Green motoring to run up £13-bn loss to UK exchequer
16 May 2012
Tax breaks for electric cars and lower fuel consumption from fuel-efficient vehicles would blow a £13-billion hole in the UK's public finances, a think tank warns
Hollande sworn in as president of France
15 May 2012
Immediately after his swearing in, Hollande air dashed to Berlin to challenge German chancellor Angela Merkel's austerity prescription for Europe
Global stocks plunge over possible Greece exit from eurozone
15 May 2012
Global stocks plunged over the possible exit of Greece from the euro zone and concerns over China’s move to prop up lending to combat eon omic slowdown
China cuts bank’s reserve requirement ratio
14 May 2012
To combat the current slowdown in its economic growth, China cut its reserve requirement ratio for the second time this year
Australian union moots new “millionaires tax”
12 May 2012
UK construction output slumps 4.8 per cent in Q1
12 May 2012
US government could earn $15.1 bn from AIG bailout
09 May 2012
The government believes that it can recover in full the taxpayers’ money injected into AIG, at the height of the financial meltdown in 2008
Spain to rescue major bank Bankia
08 May 2012
The Spanish government is planning to rescue troubled lender Bankia SA that could involve pumping in billions of euros of taxpayers’ money
Eurozone April PMI slumps; unemployment hits record high
03 May 2012
The Eurozone’s April PMI registered a 34-month low , with production having declined in all the big-four economies — Germany, France, Italy and Spain
Aung San Suu Kyi sworn in as member of Myanmar’s parliament
02 May 2012
Opposition leader Aung San Suu Kyi was sworn in as a member of Myanmar's military-backed parliament today, the first time she has assumed public office after the launch of her struggle against authoritarian rule nearly a quarter century ago
Spain slides back into recession
02 May 2012
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