World economy

US Congress to legislate on China’s currency manipulation

US Congress to legislate on China’s currency manipulation

25 Sep 2010

A committee of the US House of Representatives has cleared a bill that provides the government power to impose economic sanctions on China if it is found to be manipulating its currency.

UK Labour Party to announce new leader today

UK Labour Party to announce new leader today

25 Sep 2010

Ousted at the hustings the Labour Party is now all set to declare results of a leadership campaign that seeks to replace ex-PM Gordon Brown as its leader.

UK commission mulls breaking up big banks

24 Sep 2010

Developing nations must help themselves, says Obama

23 Sep 2010

Greece hammers down public debt by 32 per cent

Greece hammers down public debt by 32 per cent

22 Sep 2010

Greece, the bad boy of government profligacy, appears to have done an impressive job in managing its public debt, slashing levels down as much as 32 per cent by August.

Summers’ vacation at the White House is over

Summers’ vacation at the White House is over

22 Sep 2010

Lawrence Summers, US president Barack Obama’s top economic advisor will step down from his post after November's mid-term elections, the White House announced Tuesday.

WTO sees global trade expanding 13.5 per cent in 2010

WTO sees global trade expanding 13.5 per cent in 2010

21 Sep 2010

Following faster than expected recovery in trade flows so far this year, WTO has revised upwards its March projection of a 10 per cent growth in 2010 world trade to 13.5 per cent now.

India third most powerful nation: US report

India third most powerful nation: US report

21 Sep 2010

A joint US-European study lists India as the third most powerful country in the world after the US and China and the fourth most powerful entity after the US, China and the European Union

US cedes top spot to Brazil-China-India as investment destination: poll

US cedes top spot to Brazil-China-India as investment destination: poll

21 Sep 2010

The United States now lags emerging markets in Brazil, China and India as a preferred place for investment, a Bloomberg quarterly Global Poll reports.

China’s power generation capacity crosses 900 million kW

21 Sep 2010

A$5-bn rail float gets Queensland's nod

20 Sep 2010

Joe Biden reports on 100 Recovery Act projects changing America

Joe Biden reports on 100 Recovery Act projects changing America

18 Sep 2010

The programme aims at `Transforming the American Economy Through Innovation.'

China's holding of US debt rose $3 billion to $847 billion in July: report

18 Sep 2010

IMF to hike quota for China; raise $8 billion for lending to poor countries

IMF to hike quota for China; raise $8 billion for lending to poor countries

18 Sep 2010

The IMF is also likely to increase the quota for other emerging nations such as India, South Korea, Indonesia and Brazil.

Gold at record high

Gold at record high

18 Sep 2010

Gold prices ended the week at a record high of more than $1,280 a troy ounce amid speculation that central banks around the world would launch another round of monetary easing.

India calls for G-20 cooperation for sustainable growth

18 Sep 2010

India bids for non-permanent seat at UNSC next week

India bids for non-permanent seat at UNSC next week

18 Sep 2010

The United Nations assumes centre stage for India in the coming week as voting takes place for the non-permanent seat to the Security Council for the period 2011-12 and broader reforms are also discussed.

Quake, rockets strike Afghanistan on poll day

Quake, rockets strike Afghanistan on poll day

18 Sep 2010

Afghanistan experienced an earthquake and a bout of rocket attacks by the Taliban even as it saw commencement of voting for a new parliament.

Singapore boosts research spending to $12 bn

18 Sep 2010

EU to develop free trade pact with South Korea

EU to develop free trade pact with South Korea

17 Sep 2010

The deal is expected to serve as a model for EU for similar bilateral trade treaties that are under development with other Asian and South American nations

Indian, Chinese firms neck-and-neck in Forbes’ Fab 50 list

Indian, Chinese firms neck-and-neck in Forbes’ Fab 50 list

16 Sep 2010

China and India have tied for top place with 32 companies, or over 60 per cent of the firms on Forbes Asia's Fabulous 50 List, an annual compilation of the best and most profitable 50 big public companies in the region.

Africa, EU set energy target of 15,500 MW by 2020

16 Sep 2010

Japan larger buyer of US Treasuries than China

15 Sep 2010

Japan intervenes to check yen appreciation

Japan intervenes to check yen appreciation

15 Sep 2010

Japan stepped into the currency markets for the first time in almost six years to sell the yen and buy dollars in a bid to check the soaring value of the yen which was badly hurting the economy.

Work harder to avoid getting Bangalored, Obama tells kids

15 Sep 2010

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