World economy
US - China dispute over South China Sea escalates
23 May 2015
The continued US surveillance flights in the areas are aimed at challenging the Chinese government’s claims of expanded territorial sovereignty
Pakistan denies nuclear deal with S Arabia
22 May 2015
Pakistan’s Foreign Office yesterday vehemently denied a report claiming that Saudi Arabia had decided to buy nuclear weapons from Pakistan
Japan to fire up ADB to counter China-led AIIB
22 May 2015
According to analysts, the rival efforts by the two countries will be a boon for Asian nations, which face huge infrastructure shortfalls
Airbus UK chief warns of withdrawing if UK exits EU
21 May 2015
Paul Kahn, the president of Airbus Group UK has warned that the company could reconsider its investment in the country in the event of the UK leaving the EU
India to drive South Asian economic growth in FY16: UN
20 May 2015
India's economic growth is projected to surpass that of China's, with a 7.7 per cent expansion of GDP in 2016, while China’s economic growth is projected to decline to 6.8 per cent in 2016 from 7 per cent in 2015
S African regulator probes global banks for forex rate fixing
20 May 2015
The banking giants under probe include BNP Paribas SA, Citigroup Inc, Barclays Bank Plc, JP Morgan Chase & Co, Investec Ltd, Standard New York securities Inc, and Standard Chartered Plc
Iraq, Iran join forces to retake Ramadi from ISIS militants
18 May 2015
Iran's defence minister GenHossein Dehghan also flew to Baghdad on a surprise visit for urgent talks with Iraqi leaders
A “graduation” from poverty
18 May 2015
Known as the “Graduation” program, the study was aimed at testing whether helping the poor in multiple ways simultaneously could be especially effective in fighting poverty
Nepal sees $10-bn loss in quake; UN calls for continued aid
16 May 2015
The devastating 25 April earthquake and the subsequent aftershocks have caused losses of around $10 billion to the Himalayan nation
Citigroup may plead guilty in rate-rigging case
12 May 2015
Citigroup Inc, the third-largest bank in the United States, said in a filing on Monday it could plead guilty to charges of rigging foreign currency markets to make quick profits
WHO declares Liberia Ebola-free
11 May 2015
China cuts interest rates to spur growth
11 May 2015
China's growth is weighed down by the slump in property market, high levels of local government debt and slackening manufacturing
David Cameron’s Conservatives clinch majority in UK polls
08 May 2015
David Cameron promised to govern as the party of “one nation, one United Kingdom - to make Britain a place where a good life is in reach for everyone who is willing to work and do the right thing
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