World economy
US trade deficit widens 7% in June
06 Aug 2015
The strong dollar has restrained US manufactures’ exports as their products became costlier in the international market
China factory activity down to lower than expected: survey
03 Aug 2015
China's factory activity is down to lower levels than initially estimated in July, shrinking the most in two years
Obama to unveil tougher Climate Act as pollution bites
03 Aug 2015
Several states and industry groups that rely on coal-based energy have vowed to challenge the new requirements in the courts and through the Congress
UK govt may start RBS stake sale
03 Aug 2015
The British government is set to begin selling its majority stake in banking giant the Royal Bank of Scotland Plc (RBS), seven years after it was bailed out
US GDP growth picks up to 2.3% in Q2
31 Jul 2015
The healthy GDP figures could prompt the US Federal Reserve to make a move towards an interest rate hike in September, the first rise since 2006
Egypt set to open New Suez Canal on 6 August
30 Jul 2015
The enlarged canal would allow two-way traffic over much of the canal’s length
Libyan court sentences Gaddafi’s son to death
29 Jul 2015
Oil majors shelve $200 bn worth of projects: report
28 Jul 2015
Oil and gas majors have slashed their capital expenditure budgets between 10-15 per cent as they believe a sustained period of sharply lower oil prices lie ahead
Deutsche Boerse buys forex platform 360T for $796 mn
27 Jul 2015
Founded in 2000, 360T is credited with helping launch a new generation of forex platforms that allowed European companies to pick banks of their choice for currency trading
India has opportunity for ‘big bang’ economic reform, says US expert
24 Jul 2015
“Make In India” goals of manufacturing reaching 25 per cent of gross domestic product and creating 100 million new jobs by 2022 are worthwhile for inspirational purposes but do not appear to be realistic, says Russel Green, who served as the US Treasury’s first financial attaché to India from 2008 to 2011
UK to lose influence after leaving EU: Obama
24 Jul 2015
WTO members seal trillion-dollar IT trade deal
24 Jul 2015
The addition of about 200 high tech products in the updated Information Technology Agreement (ITA) will benefit technology companies like General Electric Co, Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co
Greece agrees to tougher norms for €86-billion bailout
23 Jul 2015
Prime Minister Alexis Tsipras who got legislators to agree to tough new measures to secure a bailout package, however, pledged his government would never allow foreclosures by primary residences
BRICS’s New Development Bank opens in Shanghai
21 Jul 2015
Leaders of the five countries have repeatedly emphasised that the New Development Bank would complement rather than compete with the IMF and the World Bank
Obama adviser Maurice Obstfeld takes over as IMF’s new chief economist
21 Jul 2015
Maurice Obstfeld is known around the globe for his work on international economics and is considered one of the most influential macroeconomists
US, Cuba restart diplomatic engagement after more than a decade
20 Jul 2015
The United States and Cuba have restarted diplomatic engagements and reopened their embassies at Havana and Washington on Monday, since severing ties in 1961
Greek banks to re-open on Monday, deprivations remain
20 Jul 2015
The €60 daily withdrawal limit has now been modified to €420 a week and Greek have been allowed to use bank cards to make payments while they are out of the country, but capital controls remain in place
Greek banks to re-open on Monday, deprivations remain
18 Jul 2015
The 60 euro daily withdrawal limit has now been converted to 420 euros a week and Greek have been allowed to use bank cards to make payments while they are out of the country, but capital controls remain in place
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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