World economy
China’s economic growth to flatten at 6-7 per cent: Rio Tinto CEO
20 Aug 2010
Rio Tinto’s CEO Tom Albanese predicts that China’s sizzling hot run in terms of economic growth will soon flatten to perhaps as low as 6 per cent in this decade itself.
US veto provides fillip to IMF reform
20 Aug 2010
The United States has blocked a proposal to maintain status quo at the IMF’s executive board, a move that will now allow emerging economies to have a greater say at the institution.
US tells Pakistan to accept Indian aid
19 Aug 2010
US Fed removes anomaly which sparked sub-prime crisis
18 Aug 2010
The US Federal Reserve finally moved to end a lending practice that was directly responsible for fuelling the housing boom and, subsequently, its collapse.
Pension incomes in Britain nearly halve: report
17 Aug 2010
China overtakes Japan as world's second-largest economy in Q2-2010
16 Aug 2010
China's economic output rose to $1.337 trillion in April-June 2010 even as Japan's GDP stood lower at $1.288 trillion, pulled down by a decline in exports on the back of a firmer yen.
German economy bounces back as exports boom
14 Aug 2010
Markets retreat on global economic fears
14 Aug 2010
With fear gripping financial markets that global growth may be crimping, investors have dumped stocks and sought shelter in safe haven territory of the dollar, the yen and US Treasuries.
Discouraged UK youth abandon seeking jobs: ILO study
12 Aug 2010
Discouraged young people who havew abndoned job searches now are generally highly educated as compared to the pre-recession period when mostly low-skilled workers could not find work
US Fed moves to shore up faltering economy
11 Aug 2010
In another attempt to shore up a faltering economy the US Federal Reserve has decided to buy more government debt ensuring that money is not drained out of the financial system.
Exports bail major economies out of trouble
10 Aug 2010
Major economies, such as those of Britain, Germany, China and Taiwan, have all reported an impressive jump in exports, which are helping them kick-start growth after a bruising recession
Germany rides the export boom
10 Aug 2010
The euro zone economies may have just received their best news in months with Germany reporting the highest level of exports since October 2008, when a global recession kicked in.
China tells 2,000 companies to end over-production by September end
09 Aug 2010
China’s drive to make its economic growth more orderly, now includes plans to shut outdated manufacturing capacity in more than 2,000 companies in 18 industries including cement, coking, iron, paper and dyeing by the end of September.
China makes record purchases of Japanese debt
09 Aug 2010
China was a net buyer of Japanese bonds for a sixth straight month in June which is the biggest annual increase on record dating from 2005.
Brazilian steel maker Gerdau hikes 2010-14 capex plan to $6.3 billion
09 Aug 2010
The company is one of the major suppliers of speciality long steel in the world and reported a turnover of $15.2 billion in 2009
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