World economy

Mexican steelmaker AHMSA to lay off 12,000

03 Dec 2008

Paulson urges China to boost domestic economy

Paulson urges China to boost domestic economy

03 Dec 2008

US treasury secretary Henry Paulson wants China to further boost domestic demand and furter reform its exchange rate policies.

Delta Airlines to reduce capacity further 2009

03 Dec 2008

US economy officially in recession, productivity indexes show sharp declines

02 Dec 2008

UK denies plans to join the eurozone

02 Dec 2008

US recession official; may last till mid-'09

02 Dec 2008

Global recession drags Chinese manufacturing to record low

Global recession drags Chinese manufacturing to record low

01 Dec 2008

Aan index of  China’s 700 manufacturers reveals the country's manufacturing has fallen to its lowest level since 2005.

Canon announces Canon Institute for Global Studies, Canon Foundation

01 Dec 2008

UK inching closer to adopting euro, says EC chief Barroso

01 Dec 2008

High discounts attract heavy holiday shopping in US despite economic gloom

01 Dec 2008

ArcelorMittal launches voluntary separation programme

29 Nov 2008

Drug firms misusing patents to block cheaper generics: EU

28 Nov 2008

Spain unveils $14.3 billion recovery package to fight economic meltdown

28 Nov 2008

Nokia exits Japanese market

28 Nov 2008

Google slashing contractor jobs

28 Nov 2008

EU planning €200 billion stimulus

EU planning €200 billion stimulus

26 Nov 2008

The European Commission today called for a €200 billion rescue plan for the 27-member block, which is caught in a financial and economic crisis.

China slashes key lending, deposit rates to boost liquidity

China slashes key lending, deposit rates to boost liquidity

26 Nov 2008

China's central bank today cut its key interest rates, for the fourth time in three months, in a bid to infuse more liquidity into the system and cushion the blow of the global financial crisis.

OECD suggests further cut in interest rates; sees India recovery in 2009

OECD suggests further cut in interest rates; sees India recovery in 2009

26 Nov 2008

The Organisation for Economic Cooperation and Development has suggested that, with inflation more or less under check, countries like India should keep cutting interest rates to avoid the risk of deflation

US government unveils $800 billion second stimulus plan

US government unveils $800 billion second stimulus plan

26 Nov 2008

The US government announced on Tuesday that it would inject a whopping $800 billion more into the economy to arrest the alarming economic downturn.

Rio may sell stakes in key projects to China to shed debt

25 Nov 2008

Pakistan secures $7.6 billion lifeline from IMF

Pakistan secures $7.6 billion lifeline from IMF

25 Nov 2008

Pakistan has obtained a $7.6 billion lifeline from the International Monetary Fund, which will prevent the country from defaulting on debt. Pakistan's foreign-exchange reserves have shrunk 75 per cent in 12 months, to $3.45 billion.

BHP Billiton abandons bid for Rio Tinto

BHP Billiton abandons bid for Rio Tinto

25 Nov 2008

BHP Billiton has abandoned a year-long hostile attempt to acquire Rio Tinto and create a monolithic entity that could have exercised a stranglehold on pricing.

Bush spurs global action as Obama sets agenda for US

24 Nov 2008

Lend or face nationalisation, UK government tells banks

24 Nov 2008

Obama plans to add 2.5 million jobs in US in 2 years

Obama plans to add 2.5 million jobs in US in 2 years

22 Nov 2008

US President-elect Barack Obama is in the process of drafting a revival plan for the US economy that aims to create 2.5 million jobs by January 2011

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