World economy
Myanmar declares emergency as flood toll rises to 88
10 Aug 2015
Responding to Myanmar authorities’ appeal, the United Nations and international organisations are bringing in their humanitarian flood assistance to the affected areas
Russia destroys banned food imports from west
08 Aug 2015
Moscow has for the last one year engaged in reciprocal action against countries that had imposed sanctions on it over Ukraine
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
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
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