World economy
48-hour strike paralyses Greece ahead of austerity vote
28 Jun 2011
The ongoing European sovereign debt crisis has come to a boil with a 48-hour general strike paralysing Greece on Tuesday ahead of a parliamentary vote on austerity measures the country must adopt to avoid default.
China’s 2010 fiscal deficit at $124 billion
28 Jun 2011
China’s central government expenditures exceeded revenue in 2010, resulting in a fiscal deficit of 800 billion yuan — 50 billion yuan less than the annual budget
India, China to boost cooperation in healthcare
25 Jun 2011
G-20 vows action to stabilise world food prices
25 Jun 2011
Oil tumbles as IEA announces release of 60 million barrels of stock
23 Jun 2011
IEA plans to release 2 million barrels a day, over an initial 30 days, into the world market to fill the supply gap left by the disruption to Libya's output.
World's wealthiest richer than before, Indians amongst top 12
23 Jun 2011
A new report says the world's wealthiest are getting more prosperous, and numerous, by the day and that India’s HNIs have moved into the top 12 for the first time.
London Underground drivers end first strike
20 Jun 2011
Eurozone crisis seen as `another Lehman'
20 Jun 2011
US government to get tough with web hackers
18 Jun 2011
Corrupt Chinese officials stashed away over $120 billion overseas: report
18 Jun 2011
Thousands of corrupt government officials and executives of state-run firms have vanished with around $123.7 billion in ill-gotten wealth over the past two decades
UK government to sell bank assets
16 Jun 2011
The sale of Northern Rock, a potent symbol of the turmoil caused by the credit crunch, will be the "first step in getting the British taxpayer out of the business of owning banks."
Greek PM to reshuffle cabinet amid political turmoil
16 Jun 2011
A Greek default, which has a 50 per cent probability, could cascade through the global financial system, particularly in Europe, where major banks hold massive portfolios of bonds of financially troubled countries.
Greek workers protest austerity measures as EU fails to agree on fresh bailout
15 Jun 2011
The new austerity measures were announced after the budget deficit widened 13 per cent year-on-year in the first five months of the current year, making Greece ineligible for a second rescue package.
China’s central bank hikes reserve ratios for ninth time since October
14 Jun 2011
With inflation at a three-year peak, the People's Bank of China raised bank reserve ratios for the ninth time since october 2010
Banking secrecy, tax havens undermining global financial stability: Mukherjee
13 Jun 2011
The unwillingness of some countries to exchange past banking information puts a question mark on the efficacy of present legal provisions for exchange of banking information.
US may get dragged into South China Sea dispute
11 Jun 2011
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