World economy
Spanish unions protest austerity, labour reform
29 Mar 2012
The strike, supported by opposition Socialist Party, is the first clear challenge to strong austerity measures and an ambitious labour reform bill proposed by Spain's new conservative government
BRICS to facilitate trade in local currencies
29 Mar 2012
The grouping is expected to give final shape to a joint development bank that would promote trade in local currencies within the next three years
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
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
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
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
PM to focus on bilateral talks wit S Korea
24 Mar 2012
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
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
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
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
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
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
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
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