World economy

Obama to unveil tougher Climate Act as pollution bites

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

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 presidential hopeful Donald Trump dilutes stance on foreign workers: report

01 Aug 2015

India, Bangladesh complete historic exchange of enclaves

01 Aug 2015

Two of 4 Indians abducted in Libya released, says MEA

31 Jul 2015

India, Bangladesh all set for historic midnight swap of enclaves

31 Jul 2015

Suspected ISIS terrorists abduct 4 Indians in Libya

31 Jul 2015

US GDP growth picks up to 2.3% in Q2

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

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

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

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

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

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

WTO members seal trillion-dollar IT trade deal

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

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

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

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

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

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

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

Foreign tourists held in China were watching film on Genghis Khan: report

18 Jul 2015

China releases Indian national held for watching terror video

18 Jul 2015

German parliament votes ‘yes’ to Greek bailout talks

German parliament votes ‘yes’ to Greek bailout talks

18 Jul 2015

The alternative to an agreement would not be a time-out from the euro that would be orderly but predictable chaos, warned German Chancellor Angela Merkel

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