World economy
Secret ECB funds prop Greece’s banks: report
22 May 2012
IAEA nears deal with Iran ahead of `Big-6’ talks
22 May 2012
Amano said the accord would address the demand for access to an Iranian military site where nuclear weapons-relevant tests might have occurred
Focus on Europe as G-8 leaders discuss global economic woes
19 May 2012
There were, however, signs of discord over the euro zone crisis with the UK and France getting US backing for opposing austerity measures proposed by Germany
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
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