World economy

Singapore to cut politicians' pay by 30% from 21 May

Singapore to cut politicians' pay by 30% from 21 May

04 Jan 2012

Singapore’s politicians, the highest paid in the world will soon have to take a salary cut by at least a third, but they would still retain their top ranking as the highest paid politicians globally

India-Saudi trade touches $26 billion; new investments, JVs eyed

India-Saudi trade touches $26 billion; new investments, JVs eyed

04 Jan 2012

India’s exports to Saudi Arabia increased from $2.59 billion in 2006-07 to $5.22 billion in 2010-11 while its imports from that country increased from $13.35 billion in 2006-07 to $20.38 billion in 2010-11

Nigeria withdraws fuel subsidies amid fears of labour unrest

02 Jan 2012

China looks at capital account convertibility of renminbi

China looks at capital account convertibility of renminbi

02 Jan 2012

A fully convertible renminbi would allow free capital flows into China, hopes to challenge the dollar as the world's reserve currency

UK mortgage debt softens by another 8.6 billion

31 Dec 2011

Yields at fresh bond auction dash Italy’s hopes of quick economic recovery

30 Dec 2011

UK government asked to leverage potential of farming

30 Dec 2011

China shifts FDI focus to hi-tech areas

30 Dec 2011

China’s factory output down in December amid negative cues

China’s factory output down in December amid negative cues

30 Dec 2011

China's economy is slowing down for a fourth successive quarter, easing further from the first quarter's 9.7 per cent to below 9 per cent in the final three months

UK unemployment seen at its worst in 20 years in 2012

29 Dec 2011

Eurozone banks park record cash with ECB

29 Dec 2011

Workers at LG plant in China strike over bonus

28 Dec 2011

UK workers’ living standards slump 28 % in four years

28 Dec 2011

German companies upbeat amidst euro crisis

28 Dec 2011

Deflation returns to Japan as production drops

28 Dec 2011

Zardari vows to battle on as Pakistan President

28 Dec 2011

Morgan Stanley to cut 580 jobs in New York City

28 Dec 2011

UK could relapse into recession, faces bleak 2012: think tank

27 Dec 2011

Court in China sentences dissident to 10 years on subversion charges

27 Dec 2011

French jobless rate hits record high in November

27 Dec 2011

US firms acquiring assets from distressed European banks

US firms acquiring assets from distressed European banks

27 Dec 2011

With Europe deep in financial trouble, US firms, eyeing an opportunity to make quick gains are buying up bank owned assets from Miami to Dublin

Brazil overtakes UK to become the world's sixth largest economy

26 Dec 2011

Banks prepare to deal in pre-euro currencies if EU collapses

Banks prepare to deal in pre-euro currencies if EU collapses

26 Dec 2011

Preparing their systems to handle codes for old European currencies was one way banks were taking steps to insulate themselves from major business disruptions if any country suddenly left the euro

Pakistan, China in $1.6 billion currency swap deal to boost trade

24 Dec 2011

Countries eye Canada as China cuts rare earth exports

23 Dec 2011

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